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Also Try Biodiesel Sustainable Development News -03-15-06 Mexico Makes "Huge" Oil Find (BBC News) "Mexican President Vicente Fox has announced the discovery of a new deep-water oil field, which is believed to contain 10bn barrels of crude." "With at least 3.4m barrels per day, Mexico is Latin America's largest crude producer ahead of Venezuela and Brazil, according to the International Energy Agency (IEA)." "The oil industry provides one third of the Mexican state income. More than half the crude extracted is exported, mainly to the United States." 03-06 -05-06-06 Democrats Push to Cut Tax Breaks for Oil Companies (ABC News) "Democrats on Saturday pressed the U.S. Congress to slash tax breaks for profit-flush oil companies amid record high gasoline prices and quickly pass legislation aimed at protecting consumers from price-gouging." "Sen. Maria Cantwell, a Washington Democrat up for re-election this fall, said the tax breaks for oil companies should be changed to offer incentives for vehicles that can run on ethanol and for more energy efficient goods." 05-06 -06-05-06 EU Nations Make Ocean "Land Grab" (Guardian Unlimited) "A vast tract of the Atlantic seabed more than 200 miles off shore is being claimed by a coalition of four European countries eager to expand their oil and gas prospecting rights." "No country may claim any part of the seabed more than 350 miles from its shore. Once rights are established, states may extract the minerals and natural gas or oil discovered in the annexed seabed." 06-06 -07-06-07 New Oil Sources May be Unattractive Options (Christian Science Monitor) "Oil-sand, oil-shale, and coal-to-oil projects – alternative fuel sources that could enhance US energy security – have always faced one hurdle. They look good only when oil prices are high. Now, they have another challenge: global warming." "California has enacted new climate-change policies that make energy companies responsible for the carbon emissions not just of their refineries but all phases of oil production, including extraction and transportation. If that notion catches on – at least two Canadian provinces have already signed on to California's plan – then the futures of oil-sand, shale, and coal-to-oil projects may look less attractive." 07-07 -09-12-07 Climate Change Puts Mediterranian Sea at Risk (Time.com) "Climate change is affecting Europe faster than the rest of the world and rising temperatures could transform the Mediterranean into a salty and stagnant sea, Italian experts said Wednesday. Warmer waters and increased salinity could doom many of the sea's plant and animal species and ravage the fishing industry, warned participants at a two-day climate change conference that brought together some 2,000 scientists and officials in Rome." 09-07 -09-12-07 The World's Energy Hotspots (WorldPress.org) "The volatile Middle East is still the center of the globe when it comes to energy policy, which has consequences for the rest of the world. For example, according to the Institute for International Economics, the United States faces a probable economic recession, estimated at 30 percent due to a sudden increase in the hydrocarbon price index. Moreover, the Center for Global Energy Studies in London estimates that the geopolitical turmoil in Iran, Iraq, Nigeria, and Venezuela, coupled with the emergence of "energy nationalism," has reduced the daily supply of oil—from 2000 onward—by 7.8 million barrels. This is a substantial decrease, comparable with the daily consumption of Germany and France combined. For the time being, there are five hotspots where the 21st century's energy game is unfolding, which will affect the economy worldwide for the coming years." 09-07 02-01-07 Exxon Sets U.S. Record With Annual Profit of $39.5 Billion (MSNBC News) "Oil giant Exxon Mobil Corp. on Thursday posted the largest annual profit by a U.S. company — $39.5 billion — even as earnings for the last quarter of 2006 declined 4 percent." 01-07 Papers -02-24-06 Hubbert's Peak for Oil Production (Princeton.edu - Deffeyes) "In 1956, M. King Hubbert predicted that U.S. oil production would peak in the early 1970's. Although Hubbert was widely criticized by some oil experts and economists, in 1971 Hubbert's prediction came true. The 100 year period when most of the world's oil is being discovered became known as 'Hubbert's Peak'. The peak stands in contrast to the hundreds of millions of years the oil deposits took to form. Hubbert's methods predict a peak in world oil production less than five years away." Kenneth S. Deffeyes is author of "Beyond Oil : The View from Hubbert's Peak." 02-06 Bacteria That Eat Oil Pollution (Honolulu Star-Bulletin) Provides a description of bacteria that make oil spills nontoxic. 1-01 Editorial in Favor of Drilling in the Arctic National Wildlife Refuge in Alaska (Boston Herald) Argues that drilling in the Alaska Wildlife Refuge will not cause much damage. Also argues that drilling there will help to keep the price of oil down. 2-02 Editorial: Brazil Is Almost Independent, We Need to Get Serious (CNN News) "And an astounding 40 percent of the transportation fuel used in Brazil is ethanol. Brazilians say within the next year, they won't need to import a drop of oil. Independence. One official who was in on the ethanol program in its earliest days 30 years ago smiled impishly and told me, 'We won.' " "In the U.S., ethanol represents only 3 percent of the fuel we burn." 03-06 Editorial: Oil Not Running Out Soon (Economist.com) "Despite today's obsession with the idea of 'peak oil', what really matters to the world economy is not when conventional oil production peaks, but whether we have enough affordable and convenient fuel from any source to power our current fleet of cars, buses and aeroplanes. With that in mind, the global oil industry is on the verge of a dramatic transformation from a risky exploration business into a technology-intensive manufacturing business. And the product that big oil companies will soon be manufacturing, argues Shell's Mr Van der Veer, is 'greener fossil fuels'." 03-06 Pollution-Eating Microbes (Michigan State University) Provides information on the microbe, Azoarcus tolulyticus, an Anaerobic Toluene Degrader. This microbe can help clean up (bioremediate) pollution, such as oil spills. It needs nitrates, rather than oxygen, to live. 2-01 Russia Fears U.S. Control of Iraq Oil (Independent - Buncombe) "With the second-biggest reserves in the world, Iraq's underdeveloped oilfields have become a key negotiating chip and a backdrop to talks between the US and the other permanent members of the UN Security Council – all of which have major economic stakes in regime change in Iraq." 9-02

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