Iran to provide emergency gas to Georgia

Freezing weather worsens Georgia energy crisis TBILISI, Georgia (AP) — Georgia President Mikhail Saakashvili said Friday that Iran had agreed to start providing emergency gas supplies to his country as early as Sunday, signaling an end to a double-pronged energy crisis that has cut gas and electricity supplies while the country suffers an extreme cold […]

US growth suffers sharp slowdown

US economic growth slowed to its weakest rate of growth in three years in the last quarter of 2005. The economy grew at an annual rate of 1.1% from October to December, compared with 4.1% in the previous three months. The drop was caused by reduced consumer spending amid soaring fuel prices, while the government […]

Rain gardens ‘cut city pollution’

“Rain gardens” can dramatically cut the amount of pollution in urban storm water, according to a study by US researchers. Most of the rain that falls on cities lands on impervious surfaces, such as roads, where it absorbs pollutants before it finally drains away. The team says a shallow depression in a garden containing bark […]

Sea level rise ‘is accelerating’

Global sea levels could rise by about 30cm during this century if current trends continue, a study warns. Australian researchers found that sea levels rose by 19.5cm between 1870 and 2004, with accelerated rates in the final 50 years of that period. The research, published in the journal Geophysical Research Letters, used data from tide […]

Losses spiral at United Airlines

United Airlines’ parent company made a $21bn ( Controversially, it was also granted permission to terminate its defined benefit pension schemes, saving $645m a year. “We have made fundamental, sustainable changes to United’s business and established a solid financial platform,” said chief executive Glenn Tilton. BBC

Chevron’s 4Q Profit Soars to Record High

Chevron Corp.’s fourth-quarter profit climbed 20 percent to $4.14 billion, a company record that continued the most prosperous stretch in the oil company’s 126-year history as it capitalizes on high fuel prices that are squeezing consumers and ruffling politicians.

Breibart

The Oil Drum: The gas supply situation is not getting much clearer

The situation in regard to who has enough gas to supply whom, is getting just a little hard to follow in the area around Georgia. The other day I had noted that Iran was supplying gas to Georgia to make up for the losses due to the pipeline explosion. Now I read that Iran is […]

Russia plans to put a mine on the Moon to help boost energy supply

Russia has staked out plans to recapture its Soviet-era space-race glory and start mining the Moon for a promising energy resource that scientists say could meet the Earth’s power needs for more than a thousand years. Nikolai Sevastyanov, head of Russia’s giant Energia Space Corporation, has unveiled plans to build a permanent base on the […]

Car firms ‘blocking green fuel’

Car makers are not doing enough to develop green alternatives to petrol, an influential government adviser says.

Japanese companies had a better record than European or American ones, Professor Stephen Blythe said.

But the industry had still not grasped the urgency of the problem – despite promoting its green credentials.

BBC

Europe Heeds Its Gazprom ‘Wake-Up Call’

World leaders increased calls for reducing Europe’s dependency on gas supplies from Russia on Thursday as freezing temperatures forced cutbacks from Gazprom for the eighth day running and Russia continued to snipe at Ukraine, a vital transit country. As political and business leaders gathered in Davos for the World Economic Forum, Poland’s prime minister and […]

Europe short of gas as Russia, Ukraine wrangle

MOSCOW, Jan 27 – Much of Europe and parts of the former Soviet Union battled energy shortages on Friday as Russia failed to pump enough gas to meet demand that was boosted by unusually cold winter weather. Russia supplies a quarter of the region’s gas needs and, until this year, had been a dependable supplier. […]

Gazprom Wants Bulgarian Gas Contract Changed

Russian gas monopolist Gazprom has sent a new letter calling for changes in the contract signed with Bulgaria. Bulgaria’s Economy and Energy Minister Rumen Ovcharov explained that the in its letter to Bulgargaz of January 26, Russia’s Gazprom does not bind negotiations on revising Russian gas deliveries and transit to a decrease in deliveries.Talking in […]

Why natural gas is expensive

Kentuckians who heat their homes and businesses with natural gas already are aware that it is costing more to stay warm this winter. Now many are asking why and how natural gas became so expensive, and what role the Kentucky Public Service Commission (PSC) plays in regulating gas costs. While the effects of hurricanes Katrina […]

As fuel costs rise, so do sales of space heaters

Homeowners trying to save money during a time of high-priced natural gas and heating oil are opting for space heaters to get through the winter. Nationally, the sale of space heaters has soared. Ace Hardware reports that sales of space heaters at the company’s 4,700 stores rose 34 percent from October to December, compared to […]

No Gas to Residential Areas if Iran Fails to Deliver

Should the deadlock over natural gas flow from Iran to Turkey continue, the gas flow to Ankara, among many other cities, will suffer serious cuts, reporters said. Iran, where gas is bought from, and the Ukraine, where gas passes through, are reducing the amount of gas flow to Turkey to fulfill their own needs first […]

Public health in a post-petroleum world

The world is near the point where half of all its readily usable petroleum has been consumed. Beyond this plateau looms a bellcurve-shaped decline into the middle decades of this century to the end of the petroleum era. Some of you may recognize this phenomenon by the idiom Public health textbooks

Things just got worse

NO, MAKE IT A LOT WORSE. Word just came out that Kuwait, long regarded as home to some of the world’s largest reserves of petroleum, may possess only half the amount of oil reserves that it officially has been stating for many years. According to a restricted report issued by the authoritative industry newsletter Petroleum […]

Saudi’s Naimi Says Tensions Will Keep Oil Prices High

Saudi Arabian Oil Minister Ali al- Naimi, who sets policy for the world’s largest exporter, said geopolitical tensions will prevent any decline in crude prices, which rose close to a record this week. “I have no control over prices,” al-Naimi told reporters in New Delhi today. “They are not going to come down because there […]

Passengers abandon northern flights for trains

A new age of the train has dawned on one of Britain’s key transport battlegrounds, according to figures showing that the recently modernised west coast mainline is causing huge damage to airlines flying between London and Manchester. BMI, British Airways, Eastern Airways and VLM have all seen their passenger numbers slump on the lucrative artery […]

Transport experts have seen the future, and it’s got pedals

THE right to travel when and where we please will be eroded over the next 50 years as the shortage of cheap oil and environmental concerns force us to lead more local lives, according to a government report.

Every journey will have to be justified and face-to-face contact with colleagues, friends and relatives will increasingly become a luxury, with most meetings taking place via three-dimensional

Russian environmentalists call for rerouting oil pipeline to cut risks to lake

Some Russia environmental experts warned on Thursday that a planned major oil pipeline that runs close to Lake Baikal could be ecologically dangerous and called for the project to be rerouted. The proposed Eastern Siberia-Pacific Ocean pipeline route does not meet ecological requirements and should be modified to take alternative routes out of the lake’s […]

Appetite for ethanol strains Brazilian cane millers

Brazilian sugar cane producers dream of the day when their cane-based ethanol will fuel cars from Stockholm to Tokyo. But for that to happen, they must prove they can produce enough of the biofuel for buyers to rely on year-round. .. the flex-fuel cars have raised fresh concerns about ethanol supplies. Increased demand has lifted […]

US shows India its iron fist

The United States and India may be allies but they have different views on the pressure Washington is exerting on New Delhi to stand on its side by voting for Iran’s referral to the United Nations Security Council at next week’s meeting of the International Atomic Energy Agency (IAEA). The Americans have warned India that […]

China to buy more fuel oil directly from producers

China, Asia’s largest fuel oil importer, will buy more of its supplies directly from producing countries rather than through traders in Singapore, to ease the impact of high oil prices, industry sources said on Thursday. ..“The Chinese are getting smarter. They will buy increasingly less volume from Singapore and more directly from producers,” a Singapore-based […]

AIADA’s Symposium Yields Constructive Dialogue on Future of Mobility

Panelists at yesterday’s symposium “Sustaining Mobility in an Energy Challenged World,” presented by the American International Automobile Dealers Association (AIADA), agreed that reducing oil dependency, and foreign oil dependency in particular, should be a fundamental goal, but acknowledged that reaching this goal will significantly challenge consumers, automakers, and federal policymakers. …The party is over,” said […]

Georgians shiver in energy crisis

Leader says the world should ‘wake up’ to Russian ‘threat’ Snow and freezing temperatures Thursday deepened the misery in Georgia, where millions were without power and a natural gas shortage forced people to chop wood for heat. With the Caucasus Mountain nation suffering its worst energy crisis in years, President Mikhail Saakashvili cut short his […]

Hardliner heads up Bolivian energy ministry

If the new president’s choice for energy minister is an indication, the multinational corporations that in recent years have made a lot of money extracting Bolivia’s natural gas are likely to be stung by the promised “nationalization” of the country’s mineral wealth. Evo Morales, the socialist sworn in Sunday as Bolivia’s first-ever Indian president, has […]

Stormy petrol: Hamas win portends more energy volatility

Besides posing another obstacle to peace in the Middle East, the startling victory in the Palestinian parliamentary elections of the Hamas party — considered by the U.S. and the European Union to be a terrorist organization — may bring further spikes in the price of petroleum, as have previous political shocks in that incendiary region.The […]

EU energy chief says Europe must cut consumption

Europe’s biggest challenge if it wants to reduce future dependency on external energy supplies is to cut oil consumption for transport, EU Energy Commissioner Andris Piebalgs told Reuters on Friday. Piebalgs is working on proposals for a common EU energy policy and said he hopes that measures to encourage manufacturers to boost vehicle efficiency will […]

Branson warns of bird flu impact on air travel

Pandemic would ground up to 70 percent of aircraft, Virgin Group boss says A human bird flu pandemic could ground up to 70 percent of aircraft, Virgin Group boss Richard Branson said on Thursday… The only positive would be a fall in fuel costs: “It will certainly bring down oil prices with a thump.”MSNBC

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