Seminar to address declining oil production

The University of Alaska Fairbanks Cooperative Extension Service will hold a free public seminar Saturday afternoon on the effect declining oil production will have on the local economy. Rich Seifert, an energy specialist with the extension service, is among some who believe that petroleum production around the world is reaching its peak and is expected […]

Are we there yet? The prospects for $100 oil

SAN FRANCISCO (AFX) — When it comes to the prospect of $100 oil prices, it’s still a question of when, not if. Earlier this year, speculation over a spike past $100 a barrel was fed by terrorist activities, severe weather and political and economic uncertainties. In April, Goldman Sachs even warned of a “super-spike” period […]

Higher oil output to push down petrol price

The price of oil is likely to fall to about $US35 a barrel over the next few years and push petrol back down to about $1 a litre, an independent expert predicts. An energy economist, Associate Professor Anthony Owen at the University of NSW, says the world has plenty of oil and it is only […]

Time to control illegal immigration

…Given the environmental destruction caused by current population levels and the fact that we may have reached peak oil, upon which agriculture and most of our economy depends, we arguably have an unsustainable population. The larger the population, the more difficult it will be to reach a sustainable level without considerable suffering. Richard Heinberg expounds […]

The shock of the new

Rich, secretive and proud to be different, Saudi Arabia has always aroused a mix of curiosity and unease, as five new books on the kingdom show THE past few years have uncapped an unprecedented gush of anxious, often hostile writing about Saudi Arabia. Two statistics explain why. First, three-quarters of the September 11th hijackers were […]

Big Oil

They feign outrage in front of their outraged constituents, but AmericaPay no attention to the man behind the curtain, or his wallet, they told the senators; gas prices are falling now because

Firms face closure after tax break is ended for fuel made from waste cooking oil

Businesses which make a diesel-type fuel from waste vegetable oil face closure after the rules governing biofuels were tightened, ending a tax break for some manufacturers. One operation in Devon, Plymouth Bio-Fuels, said that as well as being told it was no longer eligible for the tax break, it had been ordered to pay Bio-power, […]

Renewable energy may bring economic boom

A most unlikely partnership between tribes and cities may be in the offing, and the connection could go a long way toward saving the environment by providing clean and renewable energy. A Native Renewable Energy Summit was held in Denver Nov. 15 – 17 to brainstorm for ways in which the cities and tribes can […]

Warm glow of Irish peat takes edge off oil woes

KNOCKVICAR (Reuters) – As an autumn gale assails his hilltop cottage, Pepijn Martius sits beside a peat-fired stove, savouring the earthy smell and glowing warmth that has cost him little more than a sore back. “For my pocket it’s much better,” said the 27-year-old Dutchman. “If I would heat with oil or gas I would […]

Syriana: A world where only oil matters

Stephen Gaghan’s movie Syriana is complex, grim, intense, but unfortunately, ultimately empty. Using similar sharp plotting techniques as in his script for Traffic, there is detachment and coldness in his cinematography illustrated in a bluish tint to Americans in many scenes, and a hazy sepia or golden tone in scenes with Islamic characters which, while […]

China’s Hypocritical Energy Stance

An undeniable international energy race is now underway involving many of the world’s most powerful countries such as China, Germany, India, Japan and the United States. In particular, China’s need for oil has become extremely acute, forcing Beijing to act more deliberately by adopting a dual energy strategy. The first part of this strategy calls […]

Dutch Propose Tighter CO2 Limits

The Dutch government wants to tighten carbon dioxide pollution limits for industry to meet its commitments under the Kyoto Protocol on climate change, the environment ministry said on Wednesday. France this week announced plans to boost the use of solar power and to hit motorists with higher taxes on the worst polluting cars as it […]

Climate change threatens fish stocks: report

A new report commissioned by the Worldwide Fund for Nature says fish are increasingly threatened by climate change. The report claims rising temperatures in rivers, lakes and oceans means less food, and less oxygen for marine and freshwater fish populations. ABC News

Putin to inaugurate Turkey pipeline project

Russian President Vladimir Putin was to inaugurate a multi-billion dollar pipeline project in Turkey on Thursday, a symbol of the growing economic clout that has made Moscow Turkey’s second largest trading partner. Putin will meet with Turkish Prime Minister Recep Tayyip Erdogan on Thursday near the Black Sea port of Samsun to inaugurate the $3,2-billion […]

Cold snap prompts surge in gas price

Wholesale gas prices have almost doubled in the past week, with the cold snap stoking fears about Britain’s gas supply this winter. Gas for delivery the next day touched 80p a therm yesterday – up from about 43p a week ago – before dropping back slightly. It was the highest price in eight months. Financial […]

Parliament wants 60-80% less greenhouse gas emissions by 2050

Ambitious future greenhouse gas emissions targets, a European ecotax by 2009 and mandatory targets for the road and aviation sectors are the main elements of a climate change report adopted by the European Parliament. Main recommendations put forward by the MEPs:– emission reductions of 30% by 2020 and between 60-80% by 2050; a global partnership […]

India oils its Saudi Arabia ties

It has taken a half century for a Saudi monarch to visit India but the main guest for the country’s Republic Day celebrations on January 26 will be King Abdullah bin Abdul Aziz. ..One important aspect is energy security. India’s engagement with Riyadh is the result of a well thought out process at a time […]

Oxycombustion Projects, to Enable CO2 Capture, Announced

DOE announced today that they had selected two projects to demonstrate “oxycombustion”. In an oxycombustion-based power plant, oxygen rather than air is used to combust a fuel resulting in a highly pure carbon dioxide (CO2) exhaust that can be captured at relatively low-cost and sequestered. No commercial oxygen combustion power plants are operating today, due […]

Energy Breakthrough?

A team of researchers at the universityOGB

Mayor Backs Funds for Geothermal Plan

Mayor Antonio Villaraigosa proposed Wednesday that the city spend $240 million to help construct a transmission line that will allow Los Angeles to tap electricity from geothermal fields in the Salton Sea area.Dubbed the “Green Path” project, the five-year construction effort will help Villaraigosa meet his goal of having renewable energy sources make up 20% […]

5-10 Million Fuel Cell Vehicles Globally by 2020

Given the right support, there could be 5-10 million fuel cell vehicles globally by 2020… The time horizon for the Hydrogen Economy is long – it is at least 20 years away for developed countries. But long term change requires short term change… China, India and Brazil have already developed active programmes of research on […]

The Peak Oil Crisis: Synthesizing the Power Points

Last week ASPO-USA, a not yet fully formed organization, had its first meeting in Denver . Some 450 people showed up to hear an array of knowledgeable speakers on nearly every aspect of when world oil production will peak and what we can or should do about it…. The most disturbing number presented at the […]

The Oil Drum: Exxon, and the Implications of 8%

Most of us thinking about peak oil have been aware for some time that the central uncertainty is the decline rate on fields in production (FIP). This dramatically affects when one believes peak will be, and seems to be the main difference between more pessimistic projections such as Chris Skrebowski’s , and CERA’s. It’s also […]

GM’s perfect storm

Among the problems dogging the No. 1 automaker: Delphi, gas, falling market share. There’s more. NEW YORK (CNN/Money) – For General Motors, the hits keep coming. Unfortunately for the troubled automaker, they’re not the kind of hits that bring buyers into showrooms or keep cars rolling out of them. Instead, the world’s biggest automaker is […]

Oil crunch to have wide impact

CROMWELL More than 235 people attended the conference, which included panel discussions on the state’s energy market, how to save money and exhibits by companies that specialize in cutting energy consumption. Connecticut Post

Report: Global Warming May Harm N.J. Coast

PRINCETON, N.J. – Rising seas caused by global warming and other factors will have dire consequences for New Jersey, submerging sections of the state’s highly developed coastline by the end of the century, according to a report released Wednesday by Princeton University. The Atlantic Ocean, swollen by melting ice caps, could rise by up to […]

Sharp run-up in plastic raising tab for groceries

A sharp run-up in plastic costs is starting to have an impact on supermarket shelves, pushing up the price of products packaged in plastic and forcing some beverage companies to consider shifting to cardboard. Citing the aftereffects of the Gulf Coast hurricanes, many milk producers have started passing along surcharges for raw materials and fuel […]

Fossil fuels

FARMINGTON — The high price of fuel following back-to-back natural disasters in the oil-rich Gulf Coast this summer was but a small taste of what life will be like when fossil fuel production in the world is depleted in the next 30 years. Opinions on the effect of reaching “peak oil” range from faith that […]

Oil alternatives badly needed

The United States is guzzling oil faster than Tara Reid downs martinis. Now is the time to do something – not later. In TuesdayMany supporters of the peak oil theory think the United States and oil production overall is on the down curve. The theory is not without opposition. Michael Lynch, president of Global Petroleum […]

Peak oil debate rouses Prophet!

Prophet, an FMNN regular commentator and amateur Austrian economist takes a whirl below at summarizing a free-market response to the Peak Oil myth. Here he addresses one of the mythDear Richard Walling – it is all a matter of financial literacy! Your statement as follows, “This is a highly technical discussion of reservoir depletion and […]

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