U.S. drillers are idling rigs at a record pace

The U.S. rotary rig count from Baker Hughes was down 48 at 1,310 for the week of February 20, 2015. It is 461 rigs (26.0%) lower than last y...

Greenhouse emissions growing - World not doing enough

Climate change still remains one of the most pressing environmental and social issues and world leaders are yet to do anything meaningful ab...

Coal and gas usage continues to grow on global level

The oil is still the world's most important energy source but the use of coal and natural gas continues to grow in significance, accordi...

Carbon capture and storage can lead to less CO2 emissions

Burning fossil fuels releases large quantities of carbon dioxide, a harmful greenhouse gas which is held mostly responsible for climate chan...

Energy history facts

From ancient times people use various energy sources. Geothermal energy were used for springs and heating, hydro and wind energy were used f...

Fossil fuels receive more subsidies than renewables

The fossil fuel lobbies like to point to the fact that renewable energy sources are being heavily subsidized. Though this has been pretty mu...

Oil spill facts

An oil spill is an unintentional release of crude oil or refined oil products into the environment. Oil spill is a form of pollution. The te...

Global oil facts - statistics

At the end of 2009, there were 1333.1 billion barrels of proved oil reserves (this number doesn't include Canadian oil sands) according ...

Fossil fuels facts

Fossil fuels are formed by the anaerobic decomposition of remains of organisms including phytoplankton and zooplankton that settled to the s...

CO2 can be turned into methanol

CO2 is the biggest reason why world today faces very difficult challenge in overcoming the climate change problem caused mostly by excessive...

Oil prices at record levels

Serious oil shortage is to be expected in years to come.New oil price record (more than $134 for barrel, 05/22/2008, New York Mercantile Exc...

Fossil fuels - dominant but dangerous

Carbon cycle process. Click on picture for full size.Fossil fuels are non-renewable energy sources since they need millions of years to form...

Carbon capture technology - Best solution?

Carbon capture technology is technology that tends to reduce negative impact of global warming by capturing carbon dioxide(CO2) from power p...

Oil energy facts

Oil is non-renewable energy source and belongs to fossil fuels, together with coal and natural gas.Oil was formed more than 300 million year...