Fuel prices up, airlines raise fares again

The airlines are at it again. The major U.S. carriers are trying to raise fares for the fourth time in a month, by $10 per round trip on many domestic routes, including Alaska and Hawaii flights. The airlines blame the rising cost of jet fuel.

Jobs sag in March as oil prices pinch employers

It’s a bumpy road that America’s unemployed are traveling. Just a month after hopes were raised of better days for job seekers, companies were stung by higher energy bills, making them more cautious in their hiring. Only 110,000 jobs, the fewest in eight months, were added nationally in March. Still, that was enough to push […]

PM urges Thais to help conserve oil and electricity

The Prime Minister Thaksin Shinawatra has urged the public to help conserve energy after the value of Thailand’s oil imports in February ballooned to more than 40 billion baht. Oil now accounts for more than fifty percent of Thailand’s total imports, and is a key factor causing the country’s current trade deficit.

CHINA’S GLOBAL STRATEGY FOR ENERGY, SECURITY, AND DIPLOMACY

The growth of its domestic economy and increased integration with the world will compel China to exert itself and take a larger role in regional security and economic issues. At the same time, it is becoming clear that China’s leaders feel that they can longer bide their time, but must capitalize on strategic opportunities and […]

Oil prices spread to grapes, TVs, pizza

Christie Baker, owner of Flowers on the Green, recently had to hike the cost of a delivery in Guilford, Conn., from $6 to $8 to make up for the higher cost of gas. In La Jolla, Calif., Domino’s just increased the amount it pays delivery drivers by a nickel a trip: They now get 95 […]

”IF AMERICA DARES TO ATTACK VENEZUELA…” – No kidding! :)

VHeadline News, Breaking News Published: April 01, 2005 Bylined to: Joe Vialls If America dares to attack Venezuela, every supertanker approaching the American southern oil terminals will be sunk by Mach 2.9 missiles Australia-based international investigator Joe Vialls writes: Back in November 1962 when President Kennedy forced the removal of Russian missiles from Cuba, very […]

NYMEX Oil Prices Hit Another a Record

Oil prices jumped 3.4 percent to a record yesterday, prompted by concerns over the level of gasoline stockpiles in the United States before the summer driving season.
NYTimes

E-mails appear to show Yucca Mountain scientists planning to make up data

Associated Press via Macon Telegraph ERICA WERNER WASHINGTON – E-mails by several government scientists on the Yucca Mountain nuclear waste dump project suggest workers were planning to fabricate records and manipulate results to ensure outcomes that would help the project move forward. “I don’t have a clue when these programs were installed. So I’ve made […]

COPAD DAY OF PROTEST?

Hello friends in peak oil, Let’s arrange an international day of protest we will call COPAD DAY! The aim would be for one Saturday in June — you’re summer! (Us Australians don’t freeze to death in winter.) This would give us enough time to arrange the logistics and recruit the University students to load the […]

Going Geo-Green

Kelpie Wilson writes, in a PO-aware article in favor of the “Geo-Green” position elucidated by Thomas Friedman,

‘So where are the Democratic voices linking energy conservation and national security? With awareness of Peak Oil rising along with prices at the pump, it’s time for Democrats to make it clear they are leading the charge for the geo-green strategy. They might even want to call it “energy security.”‘

Link

Has Ghawar truly peaked?

Because the combination of the news that there’s no new Saudi Light coming on stream for the next seven years plus the 27% projected decline from existing fields means Hubbert’s Peak has arrived in Saudi Arabia. The Kingdom’s decline rate will be among the world’s fastest as this decade wanes. Most importantly, Hubbert’s Peak must […]

Refinery outage in Venezuela

Gasoline futures were last at $1.708 a gallon, up 2.7%, or 4.49 cents, after trading as high as $1.713 a gallon. The Associated Press reported that the processing units at the giant Amuay oil refinery were shut down after a power failure. Petroleos de Venezuela S.A., or PDVSA, said it shouldn’t take more than a […]

Running on Empty

Sydney Morning Herald describes peak oil. The issue is Peak Oil, the theory that the world will face a sudden, cataclysmic decline in supplies after global production peaks in the next 20 years. “The challenges we face after Peak Oil will require localised food production and industry in a way not seen for 100 years,” […]

Get your foot off the gas

Frank message in a very mainstream paper. Read it and weep. What will cost $3 a litre, require car-pooling, the permanent military occupation of Iraq and oil drilling on the Great Barrier Reef? Petrol, according to experts who have been contemplating its future in an oil-poor Australia. In Sydney, it might mean a real estate […]

UK Nuclear Decommissioning starts

The decommissioning process, which is being funded by the government, is expected to cost the taxpayer £48bn. Decommissioning of the Sellafield nuclear plant has begun – a process which will eventually result in the loss of thousands of jobs. The Nuclear Decommissioning Authority (NDA) officially assumed responsibility for the clean-up of the nuclear reprocessing complex […]

Oil shale sparking interest, caution

Rising oil prices and the United States’ need for a secure and reliable fuel supply for military needs are reigniting interest in oil shale. It’s a prospect that officials are greeting with interest — and warnings. Government interest is driving much of the interest in oil shale, said Jim Evans, executive director of the Northwest […]

Japan threatens China for drilling gas, oil in E. China Sea

“We are prepared to give test-drilling rights to exploration companies after a government survey released Friday found a layer that contains natural gas and oil in the Japanese seabed just south of two gas fields developed by China,” Nakagawa said at a news conference. “We have repeatedly asked China to stop natural resources development and […]

Sputtering – Stephen Roach

Stubborn to the end, I remain in the “old school” that insists savings, deficits, and debt matter. So far, the US has yet to flinch as pressures mount on all of these fronts. But as Fed tightening enters a new phase and real interest rates finally tip to the upside, those days may be numbered. […]

Turning up the gas : Imports will keep UK’s power plants running

The Guardian Turning up the gas Imports will keep UK’s power plants running Terry Macalister, Mark Milner and Gwladys Fouche in Oslo Friday April 1, 2005 The Guardian National Grid Transco (NGT) yesterday took steps to strengthen Britain’s fragile energy supply situation by unveiling plans to spend £355m in tripling the capacity of the country’s […]

Indisputable Evidence of Abiotic Oil

US Department Of Energy US Department of Energy Information–April 1, 2005–Australian-Canadian Oil Royalties Ltd. is pleased to announce that because of several exciting events such as; the giant oil discoveries adjoining PEL 112 to the North and East with no dry holes in between, the price of crude oil above $US50.00 per barrel and the […]

Cheap gas in radio stunt causes both grins and grimaces

Cleveland Plain Not an April Fool’s joke, but this article in the Cleveland Plain Dealer does provide a glimpse of what people’s reactions might be to shortages in the near future. Cheap gas in radio stunt causes both grins and grimaces in Avon Friday, April 01, 2005 Carl Matzelle Plain Dealer Reporter Avon — Anita […]

Competition Bureau says there’s no collusion behind high gasoline prices

Macleans March 31, 2005 – 18:58 JAMES STEVENSON CALGARY (CP) – Record high gasoline prices across Canada last year were caused by low inventories and the soaring cost of oil – not from collusion by the big energy companies, the federal Competition Bureau said Thursday. “We found no evidence to suggest a national conspiracy by […]

LNG terminal defeated in Maine, but the larger problem remains

Press Herald So apparently the vote by Perry residents to keep such tankers out of Passamaquoddy Bay was a wise thing to do. But it only dodges the real issue, one that, as far as I know, has never been addressed by this newspaper: the depletion of fossil fuels in North America and, indeed, the […]

Crystal Balls and Gasoline Prices

This Week In Petroleum Forecasting, as anyone engaged in such efforts will say, is either an art or a very inexact science. While predicting the weather, or the winner of the NCAA basketball tournament, may be even more difficult than forecasting energy prices, the process is similar: you look at historical patterns, tendencies, and relationships, […]

R.I.P: The hydrocarbon economy

The Smirking Chimp By Randolph T. Holhut Quite simply, the lavish and abundant American lifestyle cannot be sustained much longer. Are Americans prepared to re-scale their lives? Are they prepared to live a life that involves less mobility? A life without central air conditioning and Super Wal-Marts? A life without fruits and vegetables flown in […]

IEA to Call for an Emergency Oil Plan

Oil importing countries should implement emergency oil saving policies if supplies fall by as little as 1m-2m barrels a day, the International Energy Agency will warn next month. Financial TimesOil importing countries should implement emergency oil saving policies if supplies fall by as little as 1m-2m barrels a day, the International Energy Agency will warn […]

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