Recent News & Issues
Peak Oil Paradigm ShiftPeak Oil Paradigm Shift
- OPEC, peak oil and the end of cheap gas
- Caribbean country Jamaica switching sugarcane to methanol production
- 10 Steps In 10 Years to 100 % Renewable Energy
- Caribbean Leaders Betting on Renewable Energy
- Legendary Texas Oilman Bets on Wind Power
Nickle's Daily Oil Bulletin
Canada's latest Oil and Gas industry news
- Alberta Surplus Expected To Hit $8.53 Billion
- Outgoing EIA Head Raises Possibility Of Crude Price Drop With Demand Slowdown
- Enbridge Breaks Ground For Alberta Clipper
- Saudi May Face OPEC Pressure To Trim Supply
- First Half 2008 M&A Value Drops to $6.6 Billion
- U.S. Oil, Gas Stocks Cheap; Gas Supply Fears Weigh
- Transeuro, Questerre Undertake Liard Shale Gas Test
- EOR Project To Be Developed At Clive
- Penn West Announces Disposition Offering Of Non-Core Properties
- Canadian Spot Gas Jumps As Market Eyes Gustav
- Britt Land Services New Fort St. John Office
- Keyera Increases Its Credit Facility To $300 Million
- Oil Companies Should Drop 'Green' Talk, Says Schlumberger CEO
- Montney Rights Available Near Dawson Creek, British Columbia
- Canadian Forest Oil Has New President
AME Info | Energy, Oil and Gas
Energy, Oil and Gas news and features
- Jordan to buy French nuclear reactor
- Oil rises for third day
- Kuwait to boost oil capacity
- Dubai diesel price cut in 5th time
- Saudi JV finds hydrocarbons system
The importance of black gold
* A reduction of as little as 10 to 15 per cent could cripple oil-dependent industrial economies. In the 1970s, a reduction of just 5 per cent
caused a price increase of more than 400 per cent.
* Most farming equipment is either built in oil-powered plants or uses diesel as fuel. Nearly all pesticides and many fertilisers are made
from oil.
* Most plastics, used in everything from computers and mobile phones to pipelines, clothing and carpets, are made from oil-based
substances.
* Manufacturing requires huge amounts of fossil fuels. The construction of a single car in the US requires, on average, at least 20
barrels of oil.
* Most renewable energy equipment requires large amounts of oil to produce.
* Metal production - particularly aluminium - cosmetics, hair dye, ink and many common painkillers all rely on oil.
Alternative sources of power
Coal
There are still an estimated 909 billion tonnes of proven coal reserves worldwide, enough to last at least 155 years. But coal is a fossil
fuel and a dirty energy source that will only add to global warming.
Natural gas
The natural gas fields in Siberia, Alaska and the Middle East should last 20 years longer than the world's oil reserves but, although
cleaner than oil, natural gas is still a fossil fuel that emits pollutants. It is also expensive to extract and transport as it has to be liquefied.
Hydrogen fuel cells
Hydrogen fuel cells would provide us with a permanent, renewable, clean energy source as they combine hydrogen and oxygen
chemically to produce electricity, water and heat. The difficulty, however, is that there isn't enough hydrogen to go round and the few
clean ways of producing it are expensive.