CO2: This time it’s personal

So you’ve filled your tank with petrol, wiped the bugs off your windscreen, and you’re standing in the queue holding two pieces of plastic which will finalise the purchase.One card carries the logo of your bank; the other, a picture of a burning planet. Link

Pemex Exclusive: Engineer says `we are in middle of Hubbert Curve`: Oilcast #28

This bumper 28 minute Oilcast breaks an exclusive interview with a senior engineer from Mexican state oil company Pemex, who says “the days of the Mexican super giants are over.”
He claims Pemex is in the “doorway of depletion” and “in the middle of the Hubbert curve.” Hear this interview online now…
We also talk to Bruce Evers of Investec and Frederic Lasserre of Societe Generale on the current mini bear market, record short positions, warm weather in the USA and American `demand destruction`. What is it that is driving prices back down into the mid fifty dollar range?
http://www.oilcast.com/

Bernanke’s Looming Emergencies

…Bernanke’s assumption here is that high energy prices will come down for two reasons. First, when a thing gets more expensive, people use less of it, because they can’t afford it. The high price leads to falling demand. Second, the high price attracts additional competitors, who bring new supply on the market, thus bringing the […]

Peak Oil Is Happening Now

Right now the global community is facing one of the greatest threats ever- worldwide oil depletion. Have you ever looked back on some culturally significant, devastating era in history-the Great Depression, lets say-and wondered what you yourself would have done had you lived through such a time? What if you lived through it with knowledge […]

Global warming ‘will bring cooler climate for UK’

Average temperatures in Britain are expected to fall significantly within a decade because the warm Atlantic current that maintains Europe’s mild climate has slowed down by 30 per cent. The discovery has alarmed scientists because ancient climate records show that northern air temperatures can drop by up to 10C within decades of the circulation slowing, […]

ENERGY: New imports threaten home-grown fuels

For U.S. agriculture, the energy gold rush is on, and Minnesota’s pioneering biodiesel and ethanol producers are in the thick of it. But suddenly, they have foreign competition. A ship loaded with South American biodiesel pulled into a Florida port this month, and immediately qualified for a new U.S. biodiesel tax break. For the home-grown […]

Greenpeace says rich countries export climate change

Environmental group Greenpeace accused industrialised countries of exporting climate change to developing countries, and urged governments to spend more on renewable fuel sources. In a report on the Asian power sector, Greenpeace accused countries including Australia and the United States of ignoring their own emissions problems by selling coal to developing countries.  Yahoo

Top hospitals face being cut off in gas crisis

More than 100 of Britain’s biggest hospitals could have their gas cut off at four hours’ notice if shortages hit the country this winter. Details were revealed by the Conservatives yesterday as they put pressure on the Government over Britain’s energy crisis. dailymail

Iran: Bush and Blair Practicing Atomic Hypocrisy

Britain has played a leading role in the negotiations with Iran about its nuclear program and the risk that it might lead to the development of an atomic bomb, and may well seek to take the matter to the UN Security Council. Given that the prime minister himself is determined to upgrade Trident and appears […]

Saudi Plans Refinery Expansions to Meet Fuel Demand

Saudi Aramco, the world’s biggest oil company by output, plans to expand refineries in the U.S., South Korea and the Philippines to meet rising demand for fuel. The company’s Port Arthur, Texas, refinery, a venture with Royal Dutch Shell Plc, may add 320,000 barrels a day of capacity, Khalid al-Buainain, vice president for refining said […]

Electricity chief warns for blackouts

The Russian capital could face rolling blackouts during periods of extreme cold this winter, the head of the electricity monopoly has said, dramatizing the need for fresh investment in the country’s crumbling electrical grid. Anatoly Chubais, the head of Unified Energy System, who has been working on the privatization of the country’s electrical system for […]

Nigeria Ready for Nuclear Energy – Minister

The Minister of Science and Technology, Professor Turner T. Isoun, has expressed government’s commitment to begin utilizing nuclear as a source of energy in the country. Professor Isoun who spoke at the inauguration of boards of parastatals and the 2005 ministerial press briefing of the ministry, said against the backdrop that black man will not […]

The False Promises of Solar Energy

Someone once said that “Anything is possible if you don’t know what you are talking about”. Discussions of energy in general and several types of “alternative energy” in particular are filled with the lack of the basics of energy. Throw in concepts of energy density and “dispatchability” and its get more complicated. The Laws of […]

Feds settle lawsuit over alternative fuels

Four federal agencies settled a lawsuit with environmental groups Wednesday and agreed to buy thousands of vehicles that run on natural gas, electricity, ethanol, propane and other alternative fuels. Signed by President Bush’s father in 1992, the Energy Policy Act requires that 75 percent of the new cars and light trucks bought by federal agencies […]

The foundations for an Asian oil and gas grid

Stung by the rising international price of oil and domestic shortages coupled with high requirements of a growing economy, India has revived a plan for an oil and gas grid for the Asian continent. The grid is part of a two-fold strategy by the two top Asian oil guzzlers, China and India, to ensure reliable […]

U.S., China Must Cooperate or Risk Oil Conflict, Lieberman Says

The U.S. and China, the world’s top two oil consuming nations, must work together to avoid a competition for foreign supplies that might lead to military conflict, U.S. Senator Joseph Lieberman said. ..While the U.S. and China both depend on oil, neither can produce enough to meet demand, Lieberman said. The two nations must talk […]

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