Group warns on resource consumption

Humanity’s reliance on fossil fuels, the spread of cities, the destruction of natural habitats for farmland and over-exploitation of the oceans are destroying Earth’s ability to sustain life, the environmental group WWF warned in a new report Thursday. But Fred Smith, president of the Washington-based Competitive Enterprise Institute and a former official of the U.S. […]

`I thank God that India has no oil reserves’, says Gujral:

In a tete a tete with The News, Gujral said he realised the import of this when interacting with former U.S.Secretary of State James Baker.

Recalling that meeting, he said that Baker quite categorically told him that Washington (as a super power) would never allow any country having oil to dictate terms to it.

Newkerala India

Report: Humanity using up the planet

Associated Press October 22, 2004 GENEVA — Humanity’s reliance on fossil fuels, the spread of cities, the destruction of natural habitats for farmland and over-exploitation of the oceans are destroying Earth’s ability to sustain life, an environmental group warned in a report Thursday. In its Living Planet Report, WWF said humans consume 20 percent more […]

Nigeria Strike – Round 2

National Executive Council (NEC) of Nigeria Labour Congress (NLC), comprising 29 affiliate unions, would meet next week Tuesday to receive and analyse reports from all unions, states and national offices of NLC on the four-day warning strike of October 11-14. This Day News Countdown to Expiration of 2-Week Break NLC Orders Mobilisation for Fresh Strike […]

Can Austin Kick-Start the Hybrid-Car Future?

BY DANIEL MOTTOLA

Imagine thousands of next-generation plug-in hybrid vehicles on the road, capable of traveling 20 to 60 miles without producing any emissions or using a drop of petroleum. Then, at night, these hybrids would be plugged into normal wall sockets connected to an all-renewable energy electric grid.

Austin Chronicle

Is the Bush Administration Supressing the Price of Gas?

With a bit of analysis, we see that if the price of gas were to catch up with the price of oil in percentage terms (as it always has in the past), then a gallon of gas would be about $2.60 per gallon! And check this out, it seems that Bush’s approval ratings seem to […]

Global Warming Effects Faster Than Feared – Experts

Recent storms, droughts and heat waves are probably being caused by global warming, which means the effects of climate change are coming faster than anyone had feared, climate experts said on Thursday. Recent storms, droughts and heat waves are probably being caused by global warming, which means the effects of climate change are coming faster […]

Is There An Energy Crisis?

Matthew Simmons presentations:

Simmonsco
Simmonsco

CGES: OPEC pushing limits of oil production capacity

Most members of the Organization of Petroleum Exporting Countries are pushing the limits of their oil production capability, and some probably are finding that their sustainable capacity is not as high as originally thought.

OGJ

European Social Forum, Peak Oil blog

ESF-04 was held in Alexandra Palace in North London. A Gormenghast-Nouveau palace, vast, ramshackle, Victorian, punctuated with strange ad-hoc renovations: windows had been bricked-up in the distant past as though it was an old warehouse, while a shiny ochre BBC TV tower poked skywards from one end.more

As oil rises, cleaner energy surges

Although alternative fuels still make up a small fraction of US energy supplies, they are growing at a 30 percent rate compared with 4 percent for oil and 6 percent for natural gas. The projects are especially popular among states with governors opening up new wind farms and farm-belt ethanol refineries. But it’s not just a political fad. The cost of many of the alternative fuels is approaching that of oil and natural gas. That competitiveness, combined with congressional renewal of a key tax credit, has business signing contracts to build everything from new wind farms in Iowa to solar farms on top of FedEx terminals.

Christian Science Monitor

A Rebuttal of Thomas Gold’s Claims for Abiotic Oil (summary only)

by Jean Laherrere edited by Dale Allen Pfeiffer The following paper is a critique of the writings of Thomas Gold, written by Jean Laherrere. It is a scientific dialogue and contains many technical terms and references which may be nearly unfathomable to the layperson. However, it is a very important discussion because it lays bare […]

Petroleum Expert Tells It Like It Is

At the Gulf Coast Economics Club’s monthly meeting the audience was treated to some very sobering thoughts. This month’s speaker was Dudley Hughes, President of Hughes South Corporation of Jackson, Mississippi. Mr. Hughes is considered one of the world’s foremost authorities on Oil and Gas Exploration. Mr. Hughes opened his talk by stating that the […]

U.S. leading indicators fall for 4th month

This must be the first time in a long series of presidential elections! Normaly the indicators go up as to reelect the ‘pro-busines’ guy. Does that mean things have gotten so interesting, that during the last three months before the election the president and his friends cannot tweak/impact the data? http://netscape5.marketwatch.com/news/story.asp?siteid=netscape&dist=netscape&guid=%7B337687A5-05FA-4EDA-BE79-149159B0A746%7D

Fed. Reserve Governor Says Days of Cheap Oil Are Over

Federal Reserve Governor Ben Bernanke said the days of cheap oil are likely over, although he expects the economic consequences of higher energy prices will be “manageable.” Speaking at Dalton College in Albany, Ga., Bernanke also said he believes the Fed will be able to maintain its “measured” pace of rate hikes, in part because […]

Alfred E. Greenspan: What Me Worry?

In the past week, the Federal Reserve Chairman has given two speeches in which he has said he is not particularly concerned about oil prices, or record consumer debt, or inflation or a recession. Nor is he worried about high home prices, a surge in personal bankruptcies or the prospect of inflation. Let’s be clear: Whatever it is that might be worrying Greenspan is not worrying Greenspan.

Forbes.com

World is ecologically imbalanced

“We are running up an ecological debt which we will not be able to pay off,” Dr Claude Martin, director-general of WWF International, said in a statement.

“Humans consume 20% more natural resources than the earth can produce.”

Aljazeera.net

Group Warns on Consumption of Resources

“We are running up an ecological debt which we won’t be able to pay off unless governments restore the balance between our consumption of natural resources and the earth’s ability to renew them.”

Yahoo

Why Carbon Fuels Will Dominate The 21st Century’s Global Energy Economy

In spite of oil’s relative decline as an energy source the industry will, nevertheless, be larger in 2100 than it was in 2000.

Multi-science/ Peter Odell

Will oil woes lead to Asian EU?

The Straits Times (Singapore) – Oct 21, 2004 By Leslie Fong, Editor-At-Large What are the chances of China, Japan and other Asian countries banding together to form a political and economic entity much like the European Union (EU)? Near zero, many would say. Such is the antipathy between the Chinese, Koreans and Japanese that it […]

Bush Target’s National Treasure In Hunt For Oil

You couldn’t ask for a more scenic oil well than the Long Canyon facility in southeastern Utah. In fact, if it weren’t for the stench of petroleum fumes, and the constant up-and-down whir of the pump jack, you might be tempted to disregard it altogether in favour of the breathtaking vista it affords across a layered red rock landscape out towards the ancient geological splendours of Arches National Park.

http://news.independent.co.uk/world/americas/story.jsp?story=573560

Lithuania goes a decade between oil discoveries

VILNIUS – Minijos Nafta, Lithuania’s biggest oil producer, has made the country’s first new oil discovery in 12 years. The finding occurred near the town of Sveksna in the western district of Silute, and it is believed the deposit contains approximately 110,000 cubic meters of oil.

http://www.baltictimes.com/art.php?art_id=11142

Top US Airlines Suffer Heavy 3Q Losses

Three of the top four US airlines on Wednesday disclosed heavy third quarter losses underlining the perilous state of the US aviation industry.

Financial Times

China 2005 Oil Demand Growth To Hit 11% -PFC Energy

LONDON (Dow Jones)–A leading energy consultancy predicts China’s demand for oil will grow by 700,000 barrels a day in 2005 – double the rate predicted by the International Energy Agency. 10-20 15:24: China 2005 Oil Demand Growth To Hit 11% -PFC Energy LONDON (Dow Jones)–A leading energy consultancy predicts China’s demand for oil will grow […]

Ford touts cleanest internal combustion engine

SHANGHAI, China – Ford Motor Co. has challenged industry and the U.S. government to move more quickly towards hydrogen-powered vehicles, announcing what it called “the world’s cleanest internal combustion engine” and boasting that it could start production within two years.

fuelcellworks

Newzealand Green Party Speaks Out

The Green Party’s two co-leaders grilled Government officials yesterday about grossly inaccurate forecasts made last October about future oil prices.

The Economic Development Ministry forecast oil would be US$20 a barrel this year, rise to US$25 a barrel by 2020 and be stable thereafter.

http://www.nzherald.co.nz/business/

Prices Soar As Heating Oil Stocks Shrink Again

NEW YORK (Dow Jones)–Oil futures gained more than a dollar Wednesday, after the U.S. government reported inventories of heating oil and diesel fell for a fifth straight week, fueling concerns about supplies this winter. 10-20 08:04: OIL FUTURES:Prices Soar As Heating Oil Stocks Shrink Again DJ OIL FUTURES:Prices Soar As Heating Oil Stocks Shrink Again […]

US DOE Oil Data: API-DOE Comparison For Wk Ended Oct 15

US DOE Oil Data: API-DOE Comparison For Wk Ended Oct 15 Huge discrepancies between DOE and API for the following: gasoline stocks distillate stocks crude oil imports crude oil stocks Whom do you believe? Check yourself.10-20 07:51: US DOE Oil Data: API-DOE Comparison For Wk Ended Oct 15 DJ US DOE Oil Data: API-DOE Comparison […]

Most corruption in oil countries

Transparency International said it found few surprises or major changes in its survey of 146 countries from last year

United Press

Decline in oil prices just fleeting trend, experts say

Decline in oil prices just fleeting trend, experts say Wednesday, October 20, 2004 BY BRAD FOSS Associated Press The two-day decline in oil prices, with crude futures briefly dipping below $53 a barrel yesterday, is a temporary trend that is likely to reverse itself before too long, analysts and traders said. The pullback came in […]

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