Gold prices soar to highest in 18 years

Gold moved closer to $500 an ounce level on Tuesday, the highest in almost 18 years, as investors shunted more money into the metal. Spot gold hit $495.35 in Asian trade before slipping to $492.80/493.50 an ounce by 15:26 GMT, still up from $488.50/489.25 an ounce last quoted in New York on Monday. gulf-news

Ford lobbies Congress over energy

The boss of Ford has urged the US Congress to provide tax credits to carmakers to encourage them to invest in more fuel-efficient vehicles. Bill Ford said more action was needed to stimulate the development of hybrid vehicles and those powered by ethanol.BBC v

Why $5 Gas Is Good for America

At the climax of his book Twilight in the Desert, Houston investment banker and energy guru Matthew Simmons describes a visit to the world’s most powerful oil company, Saudi Aramco, in Dhahran. Simmons listens in horror as a senior manager reveals the kingdom’s darkest secret. So what’s a price-shocked, carbon-afflicted highway jockey to do? Keep […]

Energy prices biggest risk to US outlook: Bernanke

A fresh spike in energy prices could derail the US economy, Federal Reserve chairman-designate Ben Bernanke said. President George W. Bush’s nominee to succeed Alan Greenspan said increases in energy prices “have the potential to spill over into general inflation, sap consumer spending power, and damp overall activity”. TODAYonline

Oil sector needs more qualified personnel

Estimates of oil reserves do not impact global oil prices, but they do drive share prices of listed international oil companies (IOCs) and a formidable challenge the world energy industry faces today is with regard to making flawless estimates. The root of the problem is that there are not enough trained and qualified personnel in […]

`World oil prices likely to settle at $64 up to 2010′: IEA

World oil prices are likely to settle at $64 per barrel up to 2010 fuelled by high demand and lack of supplies, an international oil expert has said. “Looking at oil projects coming on stream in West Asia and Asia and comparing this against demand prospects, we think world oil prices may still stay high […]

Russia backs India’s oil game

Russia has thrown its weight behind India’s move to checkmate the West in the Great Game for access to the vast Central Asian/Caspian and Russian Black Gold treasures. Russia is co-hosting Mani Shankar Aiyar’s round-table, scheduled for Friday, that will see petroleum ministers from key Central Asian/Caspian oil producing countries and the Big Four Asian […]

Frustrations grow in Cameroon over oil pipeline

Oil was meant to bring hope and money to this sleepy fishing town in Cameroon, but Kribi’s residents say they can barely make ends meet. The terminus for a 665-mile pipeline bringing oil from landlocked Chad to Cameroon, Kribi was full of expectations that wealth would trickle down from the $4 billion venture — one […]

Witnesses bear testimony to climate change

A week ahead of the UN climate change conference in Montreal, Commissioner Dimas has backed a WWF campaign telling the stories of how climate change affects the daily lives and businesses of some EU citizens. ..”Snow disappearing in Scotland, fewer bees in Italy, crop losses in Spain, forests on the decline in Germany and sea […]

Growing Biofuels

Biofuels produced from plant and animal feedstocks are growing by 10 percent per year. Nevertheless, if biofuels are ever to supply more than a few percent of transportation fuels, the technology will need new, more efficient production methods. The most recent sign of such investment in such new production methods is Royal Dutch Shell’s partnership […]

Plan B 2.0

Rescuing a Planet Under Stress and a Civilization in Trouble Forthcoming January 2006 2. Beyond the Oil Peak The Coming Decline of Oil The Oil Intensity of Food The Falling Wheat-Oil Exchange Rate Food and Fuel Compete for Land Cities and Suburbs after Peak Oil The World After Oil Peaks Data http://www.earth-policy.org/Books/PB2/Contents.htm

Alternatives to Fossil Fuel for British Columbia

A report by the BC Sustainable Energy Association is covered in the front of the business section of the Vancouver Sun (CanWest Global).  The report warns of waning oil and natural gas resources and the need and opportunities for alternative energy sources. News: The Vancouver Sun Report: http://www.bcsea.org/policy/taskforcereport.asp

Demand for Natural Gas Outpaces Supply

WASHINGTON – Progress is being made in restoring offshore natural gas facilities shut down by hurricanes, but gas prices will remain high as demand outpaces supply, the head of the Federal Energy Regulatory Commission said Tuesday. Even with recovery of operations along the Gulf Coast, “I don’t think they’ll go back to the level they […]

U.S. Backs Squeezing Oil From a Stone

Seeing potential in shale, Interior is opening federal lands to industry. But extraction methods are unproven, and in Colorado some see risks. MAHOGANY TEST SITE, Colo. Legislation recently signed by President Bush instructs the Interior Department to lease 35% of the federal government’s oil shale lands within the next year; provides tax breaks to the […]

Chavez Pushes Petro-Diplomacy

High Oil Profit Leads to Venezuela’s Plan to Subsidize Heating in United States The plea came in a letter from a group of U.S. senators to nine big oil companies: With huge increases in winter heating bills expected, the letter read, we want you to donate some of your record profits to help low-income people […]

How to Beat the Big Energy Chill

Gina and Ron Martin’s home in Mentor, Ohio, is just plain big. It has six bedrooms, five and a half bathrooms, a cavernous basement, a spacious patio and a pool in the backyard. But the last thing the self-employed housing contractors suspected when they bought their dream house in 2004 was just how big the […]

Green to the Core?

How I tried to stop worrying and love nuclear power. A rock, glittery gold and slate colored, has been placed on a table next to a chip of old Fiestaware and a Big Ben clock inside a brightly lit classroom at Southern California Edisonlaweekly

$46 billion renewable energy market by 2008

The renewable energy market worldwide will nearly double in size from its 2005 levels by 2008 according to Renewable Energy World Markets, a newly released report from the McIlvaine Company. A market of $27 billion in 2005 is forecast to reach $46 billion by 2008. The leading segment will continue to be wind energy followed […]

Meridian investigating ‘world’s biggest windfarm’

A $1.1 billion to $2 billion wind farm, possibly the biggest in the world, at Rocklands in the Otago’s Lammerlaw Range, is being investigated by Meridian Energy Ltd. The company has three monitoring wind towers on Rocklands Station and expects to know within a year if the project is feasible and to decide on whether […]

China spends billions on high-speed rail

Siemens’ contract to supply China with 60 high-speed locomotives might herald billions of dollars of orders for global engineering companies, economists have said. Siemens, Germany’s largest engineering company, will make three trains that run at top speeds of 300km an hour and help Tangshan Locomotive & Rolling Stock build the remaining 57 locomotives in a […]

Bush aide hints at US targets on greenhouse gas emissions

US President George W. Bush’s top environmental adviser hinted Tuesday that Washington could be ready to agree voluntary targets on greenhouse gas emissions. “I don’t discount targets, I don’t discount voluntary partnership measures,” James Connaughton told BBC radio during a visit to London ahead of a major UN environmental conference in Montreal that opens next […]

Seeking Clean Fuel for a Nation

If the vast, empty plain of eastern Montana is the Saudi Arabia of coal, then Gov. Brian Schweitzer, a prairie populist with a bolo tie and an advanced degree in soil science, may be its Lawrence. Rarely a day goes by that he does not lash out against the “sheiks, dictators, rats and crooks” who […]

National Alternative Fuels Conference & Expo Scheduled for May 2006

Fleets, industry, governments and anyone with an interest in the purchase and use of alternative fuels and vehicles will find one-stop-shopping at the Clean Cities Congress (CCC) and Expo 2006, in Phoenix, AZ., May 7-10. The Alternative Fuel Vehicle Institute (AFVI), on behalf of industry and in partnership with Arizona Clean Cities, will explore transportation […]

The Ethanol Effect, Part Two

Despite opposition from David Pimentel and Tad PatzekNorthernStar

Modest 2006 Oil Demand Growth to Pressure Saudi to Cut

OPEC’s biggest producer Saudi Arabia will be under pressure to cut output next year as modest oil demand growth, rising OPEC capacity and non-OPEC supply will push oil prices lower, a leading London-based oil consultancy said Monday. In its monthly oil market report, the Centre for Global Energy Studies forecast 2006 oil demand to grow […]

Sakhalin Oil May Help Asian Refiners Cut African, Saudi Imports

Russia’s Sakhalin crude oil will provide Asian refiners with an alternative to supplies of low- sulfur oil from Africa, Saudi Arabia and Abu Dhabi, said an official from one of the project’s shareholders. Sakhalin-1, led by Exxon Mobil Corp., is the first of at least five ventures on the island in Far East Russia that […]

Oil monitoring body warns demand outstripping supply

An international organisation overseeing the state of the oil industry says the world is very near the point where oil cannot be extracted fast enough to meet demand. The Association for the Study of Peak Oil and Gas based in Sweden has launched a branch in Australia.Association president Professor Kjell Aleklett says 54 out of […]

Oil prices surge overnight

TONY EASTLEY: World oil prices surged overnight prompted by forecasts that the northern hemisphere may be in for a harsh winter that would stretch oil supplies. But this may just be a sign of things to come, with some oil analysts predicting that the global supply of oil may be about to peak as early […]

Energy prices take a big bite

James Windham, 63, of Hattiesburg, Miss., is a contract trucker for Buddy Moore Trucking in Birmingham, Ala. High diesel prices “My bring-home pay is less than it was a year ago, even though we’re making a whole lot more money,” Windham says. Even as his income is being pinched, Windham and his wife, Janice, in […]

The Lithium Economy

The need to reduce carbon emissions and find a replacement for oil has people looking to hydrogen fuel cells to power factories and vehicles. But finding ways to store volatile hydrogen safely and bring down the costs of fuel-cell ingredients, which currently include the fantastically expensive element platinum, has proved difficult. While the quest for […]

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