Oil and gas heat a smaller pot for investors

Like an athlete on steroids, the London stock market has been pumping itself up on oil and gas industry profits. Record-breaking numbers from BP and Shell in the past two weeks have highlighted the impact that a soaring oil price is having on the industry’s profitability… But for all the euphoria over these developments – […]

U.S. trains Mali to fight terrorism in oil region

U.S. Special Forces are teaching Malian soldiers how to fight terrorism in the country’s northern desert, a region potentially rich in oil but seen by U.S. military officials as a sanctuary for Islamic militants. More than 300 Malian soldiers in the Saharan towns of Timbuktu and Gao and the capital Bamako will practice parachuting into […]

Why Iran is unlikely to use oil as political weapon

As the dispute over Iran’s nuclear energy programme intensifies officials have sought to dampen suggestions that the Islamic Republic could curtail oil exports if international sanctions are threatened… Any disruption to output and investment plans could be extremely detrimental to the country’s oil sector which is estimated to need $1 billion investment a year just […]

Discoveries boost for Syrian oil hopes

The UK’s Emerald Energy and the Houston-based Gulfsands Petroleum say they may be sitting on between 560 million and 720 million barrels of oil and gas in fields near the Iraq border. This and other recent promising finds are stimulating fresh interest in Syria’s oil and gas sector whose reserves have been falling sharply in […]

Group of Eight to focus on energy markets

G8 finance chiefs kicked off two days of discussions yesterday focused squarely on mounting Western concern over the Kremlin’s swelling clout in world oil and gas markets. Beginning its first turn at the helm of the Group of Eight, Russia has set a diverse agenda for the meetings that will include talk about world trade, […]

Global warming: passing the ‘tipping point’

A crucial global warming “tipping point” for the Earth, highlighted only last week by the British Government, has already been passed, with devastating consequences. Research commissioned by The Independent reveals that the accumulation of greenhouse gases in the atmosphere has now crossed a threshold, set down by scientists from around the world at a conference […]

IEA Cuts Oil Demand Growth Rate in First 3 Quarters of 2006

Global oil demand at the end of last year fell sharply as high prices undermined consumption, with estimates for oil use in the first three quarters of this year also being revised down, the International Energy Agency said Friday. The IEA, the energy watchdog for the Organization for Economic Co-operation and Development, indicated in its […]

Seeking a cure for US oil addiction

The image of the US as a gas-guzzling, energy consuming nation is at odds with a number of green initiatives in the country at large. In the boardrooms of great corporations, among city mayors and state governors, even among evangelical Christians – the most loyal supporters of President George W Bush – climate change and […]

The Photovoltaic Power Generation Market Will Expand by 30 to 40% Every Year in

The photovoltaic (PV) cells and modules market in Japan, estimated to be 640 Megawatts (MW) in capacity or 209 billion yen in value of shipment, will rapidly grow to 2,350 MW or 665 billion yen in value in fiscal 2008 by recording an average growth of 30 to 40% every year. This information is documented […]

Methane burps disproved?

Methane escaping from the sea floor to the atmosphere has been a popular suspect for causing rapid climate changes during and at the end of the last ice age. But new data derived from a Greenland ice core have delivered a killer blow to the idea. Methane (CH4) is a much stronger greenhouse gas than […]

US 2005 Trade Deficit Jumped to $725.8 billion

According to figures released today by the US Department of Commerce, the US trade deficit greencarcongress

Chevron, U.S. Postal Service Launch Unique Alternative Power System

Chevron Corporation today announced the completion of a unique hybrid alternative power plant — combining two solar technologies and hydrogen fuel cell generation – and major energy efficiency improvements at two of the largest U.S. Postal Service (USPS) centers in California. This achievement is being celebrated today at a ceremony in San Francisco that includes […]

Local Scientist Has Alternative Fuel

As a Harvard University scientist and mathematician in the late 1970s, Ruggero Santilli was awarded five grants by the U.S. Department of Energy to research the development of a clean-burning fuel. The goal wasn’t to create a fossil fuel derivative or an additive to improve vehicle emissions or gas mileage, but to find a new […]

Volkswagen may cut up to 20,000 jobs

Volkswagen may cut up to 20,000 jobs in the next three years at its core VW brand in a sweeping restructuring program that could also lead to a reduction in production capacity, it said on Friday. “In the next three years up to 20,000 direct and indirect employees within the Volkswagen Passenger Car brand could […]

Bottled water, a natural resource taxing the world’s ecosystem

Bottled water consumption, which has more than doubled globally in the last six years, is a natural resource that is heavily taxing the world’s ecosystem, according to a new US study. “Even in areas where tap water is safe to drink, demand for bottled water is increasing, producing unnecessary garbage and consuming vast quantities of […]

EU admits having no plan for ‘peak oil’ crisis

Commission shrugs off looming oil shortage as ‘just a theory’ The EU’s energy commissioner Andris Piebalgs has admitted he has no plan to deal with rapidly rising oil and gas prices in the face of shrinking supply and booming demand. In a response to a parliamentary question put by Green Party MEP Caroline Lucas, he […]

IEA: World Oil Output Down on Weather; Not Iran, Nigeria Woes

Weather-related issues kept global oil supplies slightly tighter in January, rather than instability in Nigeria or the nuclear row involving Iran, the International Energy Agency said Friday. “Despite the headline-grabbing geopolitical issues in Iran and Nigeria, actual crude supply losses of some 450,000 barrels a day in January were largely focused elsewhere and were weather-related,” […]

No More Mr. Tough Guy

I Listen to Mr. Cheney

Sugar costs more; latest catalyst is ethanol push

BANGKOK, Thailand — Call it a different kind of sugar high. Many people think of sugar as little more than an ingredient in foods like pies and candy bars. But hedge funds and other investors are betting that more sugar will soon be needed for another reason: to produce ethanol. That is the increasingly popular […]

Rising fuel prices affect Hungarians most in Europe

BUDAPEST — About 58 percent of Hungarians said the rise in fuel prices had significantly affected their life– the highest figure among 20 European countries, according to a survey released Thursday. As a result of rocketing fuel prices, 39 percent of respondents were using their vehicles less and 30 percent were organizing their driving time […]

Gas thievery hits service stations

Gasoline thefts from local service stations have become quite a problem for gas station managers around Morgan County. Current costs could perhaps be a big reason people decide to fill up and run. Fort Morgan Police Chief Keith Kuretich said while gasoline driveoffs are sporadic, suspects are difficult to catch without some type of useful […]

BJP fears hike in fuel prices

NEW DELHI: The Bharatiya Janata Party on Thursday made a number of charges against the United Progressive Alliance government: it was getting ready to increase the prices of petroleum products once again; it was not interested in stopping the lottery business; and it was planning to cut the quota for small investors in the capital […]

The Permanent Energy Crisis

President Bush’s State of the Union comment that the United States is “addicted to oil” can be read as pure political opportunism. With ever more Americans expressing anxiety about high oil prices, freakish weather patterns, and abiding American ties to unsavory foreign oil potentates, it is hardly surprising that Bush sought to portray himself as […]

ACE Aviation Has 4th-Qtr Loss on Record Fuel Prices

ACE Aviation Holdings Inc., owner of Air Canada, the country’s largest airline, reported a loss in the fourth quarter because of surging jet-fuel costs. The net loss was C$103 million ($89.8 million), or C$1.02 a share, compared with a profit of C$15 million, or 17 cents, a year earlier, Montreal-based ACE Aviation said in a […]

Fuelling an economy in ruins

JOHANNESBURG – THE extent of Zimbabwe’s financial crisis has been illustrated by the release of a $Z50,000 note that is hardly worth the paper on which it is printed. The move is part of President Robert Mugabe’s bid to keep up with runaway inflation. But the word on the street is to spend it quickly. […]

Corn acres expected to decline

High fertilizer prices are shaping up to be a significant factor for lower U.S. corn acreage this year, according to David Asbridge, Doane Ag Services, St. Louis, Mo. Asbridge spoke at the National Alliance of Agricultural Crop Consultants in Tucson, Ariz., in January. High natural gas prices are part of the reason why fertility prices […]

Ask MAX: Does MAX like the Energy Select SPDR?

…We’re negative on XLE, the Energy Select Sector SPDR exchange traded fund (ticker: XLE), short and long term. In our MAXadvisor Powerfund Portfolios we currently have a negative outlook on natural resource funds in general. Specifically, we We recommended a global energy ETF (iShares S&P Global Energy Sector Index Fund -IXC) in the MAXadvisor Mutual […]

Iran’s euro-denominated oil bourse to open in March; US$ crash imminent!

by William R. Clark “A successful Iranian bourse will solidify the petroeuro as an alternative oil transaction currency, and thereby end the petrodollar’s hegemonic status as the monopoly oil currency. Therefore, a graduated approach is needed to avoid precipitous U.S. economic dislocations.” “This notion that the United States is getting ready to attack Iran is […]

Bush would cut coal research

U.S. Sen. Craig Thomas questioned Energy Secretary Samuel Bodman on Thursday over funding cuts to “clean” coal technologies in President Bush’s proposed 2007 budget… At a Senate Energy Committee hearing on the department’s budget, Thomas pressed Bodman about the proposed reductions in Bush’s budget for coal-to-gas conversion, clean coal technologies and research and development funds.Casper […]

Coal can be clean power solution: Alberta minister

Alberta Energy Minister Greg Melchin has a message for power-hungry Ontario: coal is the fuel of the future…Alberta is keen to develop clean coal technology, Melchin said, and is already working with Texas on a zero-emission coal-fired plant scheduled to start generating electricity in the United States by 2012. Toronto Star

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