Northwest, Delta Set to File FOr Bankruptcy Protection

NEW YORK (AFP) – Northwest Airlines and Delta Air Lines, two of the major US carriers, are both preparing to seek bankruptcy protection as soon as Wednesday. If the petitions are filed, that would leave four of the six so-called “legacy” airlines operating under bankruptcy protection. Yahoo! News

Fuel shortage hits Sudan aid ops

Efforts to feed 1.3m people in southern Sudan have been badly hit by a shortage of jet fuel, the UN food agency says. The World Food Programme (WFP) said it had delivered only 10,600 tonnes of the planned 20,700 tonnes during August. The disruption of oil supplies was caused by the closure for maintenance of […]

Toyota: U.S. drivers feeling gas pains

But they aren’t rushing to buy more fuel-efficient cars, says chief of the world’s No. 2 automaker. FRANKFURT (Reuters) – Higher fuel prices are starting to pique U.S. motorists’ interest in fuel-efficient cars but have not triggered a stampede into humbler vehicles, the head of Japan’s Toyota Motor Corp. said Tuesday. Fresh from a trip […]

Fuel giants struggle with demand

Fuel suppliers say they are struggling to cope with demand for petrol after filling stations saw a week’s worth of demand in a single day. Representatives of petrol giants said the issue was one of getting the tankers to the filling stations rather than one of supply. BBC

Bush officials fret about natural gas shortages

Gulf of Mexico production may not fully recover for months BATON ROUGE, La. – Senior Bush administration officials touring the Gulf Coast area devastated by Hurricane Katrina expressed concern Tuesday about possible shortages of natural gas, saying that the regionInterior Secretary Gail Norton, who accompanied Bodman, said that 90 percent of the Gulf oil platforms

OPEC Had Some 20% More Active Drilling Rigs in 2004 vs. 03

The Organization of Petroleum Exporting Countries had almost 20% more active drilling rigs in operation in 2004 than the previous year – an indication of higher oil output, the group’s statistical bulletin said Tuesday. According to the bulletin posted on the group’s Web site, OPEC had 272 active rigs in 2004 – an increase of […]

Heating prices loom as problem this winter

WASHINGTON “It’s astronomical compared to what people were paying for the previous 20 years,” Novak says. George Coling, executive director of the National Fuel Funds Network, says Katrina will be a “disaster” for less-affluent households. USA Today

UK Government backs rail cuts

The transport secretary Alistair Darling has for the first time publicly backed cuts in local train services that interfere with the running of high-speed trains. And, in an exclusive interview with Transport Times, he supported plans prepared by his department Transport Times

Petrol panic begins to spread as oil prices rise

EMERGENCY powers to reserve fuel for essential users will be reviewed by ministers and oil companies today amid panic buying at petrol stations across the country. Dozens of filling stations ran dry yesterday after bogus reports of weekend panic proved self-fulfilling when motorists rushed to join queues at the pumps. Hundreds more forecourts are expected […]

Airline Fuel Bill Over USD$97 Billion

Airlines globally will pay more than USD$97 billion for fuel in 2005 but carriers in Europe could break even while those in Asia are expected to make money, IATA said on Monday. The International Air Transport Association (IATA) announced a revised industry loss forecast of USD$7.4 billion for 2005 with oil prices at sustained record […]

Toyota to go all gas

Toyota Motor, the world’s second-largest automaker, said all its vehicles may eventually be run by hybrid gasoline-electric motors, as record fuel prices curb demand for conventional automobiles. ExpressIndia

Biofuel switch now vital

Farmers are calling for a government minister dedicated to co-ordinating climate change and renewable energy policy. As environment and agriculture ministers from the EU met in London at the weekend to discuss how to put sustainable principles into practice, the National Farmers’ Union called on the Government to give a higher priority to renewable energy […]

Gazprom to begin geological survey of the Sakhalin shelf

Russian natural gas giant Gazprom will begin a geological survey of the Sakhalin shelf (Russia’s Far East) in the near future, a company spokesman said Tuesday. Nikitin also said that Gazprom’s drilling plan was 520,000 meters by 2030.RIANovtosti

Katrina Spurs New Debate on Energy Policy

Hurricane Katrina has reopened a national debate on energy policy, generating new congressional support for more stringent automobile fuel economy requirements and a fresh push by the oil industry for drilling in areas now off-limits. YahooNews

Most Gulf Production To Resume Soon

U.S. officials expect 90 percent of the Gulf oil and gas production facilities damaged in Katrina’s fury to come back on line in less than a month, but it is not fast enough to alleviate immediate prices at the pump. TerraDaily

End of oil era in sight, Rifkin warns

Controversial US thinker Jeremy Rifkin told the EU on Monday (12 September) that the world will witness the end of the oil era in the present generation’s lifetime, as MEPs launched a new initiative to promote hydrogen fuel. The chief of the Washington-based NGO Foundation on Economic Trends indicated that the world will have used […]

Energy Policy

Labour is committed to a secure, affordable and sustainable energy future. New Zealanders need modern, reliable sources of energy that will ensure that our lights will stay on and our businesses keep working. We want to continue to have energy available at affordable prices. This is especially important for older New Zealanders, though all New […]

Energy Forum Looks at Alternatives to Coal

Viable energy alternatives to coal will be the subject of a two-day forum drawing energy experts from across the state and nation to Flatwoods this week. Among the presenters will be Canadian policy specialist James Small, of the Canadian Urban Institute think tank, who will discuss Ontario’s recent decision to shut down many of its […]

I’m a hopeaholic. There’s nothing George Bush can do about it

It’s hard to travel or send words out of the US now. How can any American expect to be welcomed in the rest of the world when we have imposed the narcissistic and disastrous George Bush on it? I could explain that almost none of his policies has majority support here. Guardian

Brown to Call for Action on Oil Prices as Truckers Plan Protest

U.K. Chancellor of the Exchequer Gordon Brown in a speech today will call on the world’s richest countries to take measures to stabilize oil prices, as truckers threaten protests against fuel taxes. Brown will urge finance ministers of the Group of Seven industrial nations to adopt a five-point plan aimed at cutting oil- market volatility, […]

Addressing Maine’s energy problem

Beth Nagusky, state government’s director of the Office of Energy Independence and Security, in her op-ed published in the Bangor Daily News of Aug. 30, states that Maine, in contrast to the United States, is on the right energy course. She touts state government policies promoting energy conservation, energy efficiency and renewable energy as the […]

Grant to push green houses

FIRST-home buyers may soon receive $10,000 grants to buy environmentally friendly houses, and commuters could get tax breaks for catching a bus or train to work. The landmark initiatives have been championed by Federal Parliament’s Environment Committee in its long-awaited Sustainable Cities report unveiled yesterday. Grant to push green houses

Delta stock plummets as bankruptcy looms

NEW YORK (Reuters) – Delta Air Lines’ (NYSE:DAL – news) shares fell more than 22 percent to an all-time low on Monday on widespread market speculation that the No. 3 U.S. airline was close to filing for Chapter 11 bankruptcy protection. The sharp stock decline, which pushed the company’s shares to less than $1, follows […]

SNP demands apology for secret oil revenue papers

THE SNP demanded an apology from the government yesterday after uncovering secret Whitehall papers detailing how North Sea oil would enable an independent Scotland to prosper. Expert economic advice prepared for Tory ministers in 1974 and provided to the then Labour government the following year said an independent Scotland, “transformed” by oil revenues, could become […]

Gas Prices Not Ending Love Affair With SUV Yet

Large, fuel-hungry vehicles that used to seem convenient are draining bank accounts as quickly as they empty their gas tanks. Those of us who drive smaller cars might feel like laughing and pointing now, but if folks are getting rid of their SUV’s, it’s not just because of gas prices, and the pain in the […]

Worker Error Blamed for L.A. Blackout

LOS ANGELES Sep 12, 2005 — Utility workers connected the wrong wires and caused a blackout across major portions of Los Angeles on Monday afternoon, trapping people in elevators and snarling traffic at intersections, authorities said. About 2 million people were affected by the resulting power surge and outages, which were reported from downtown west […]

Saudi Minister Says Militants Targeted Oil

RIYADH, Saudi Arabia – Militants who fought a three-day battle with Saudi security forces last week were targeting key installations, including oil facilities, Saudi Interior Minister Prince Nayef said in comments published Sunday.Five of Saudi Arabia’s 36 most-wanted militants were killed after security forces stormed a seaside villa in the eastern city of Dammam. Four […]

2007: Solving Peak Oil — Meridian International Research Publishes

2007: Solving Peak Oil — Meridian International Research Publishes Their Latest Report Presenting the Technical and Strategy Solutions to “Peak Oil” Global Oil Production is reaching a plateau and within a few years it will start to decline, while demand from five sixths of the world is still rising. A third of the world’s oil […]

Search For Oil Stepped Up As Price Rises

The world’s biggest oil producers have significantly boosted investment in oil exploration for the first time in nearly two decades. The Organisation of the Petroleum Exporting Countries, the cartel controlling 75 per cent of the world’s oil reserves, on Monday revealed its most important members had drilled 7.5 per cent more wells last year than […]

Major Power Outage Hits Los Angeles

A major power outage hit Los Angeles area on Monday, knocking out electricity to thousands of customers as officials scrambled to determine the cause and police declared a state of emergency. “The city is on a tactical alert and obviously traffic is going to be impacted,” Los Angeles Police spokesman Kevin Maiberger said.Yahoo! News

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