Don’t condemn BP’s oil gusher. Polluter or not, this is a company to be proud of

New accounting rules are apparently playing havoc with the way oil companies report their profits, yet however damaging they might be to the bottom line, they are as nothing compared to what would happen if the New Economics Foundation got its way. By adjusting the Back in the real world, BP is in fact throwing […]

Taxing oil majors hurts Britain’s savings

LORD BROWNE of Madingley had a clear message for Government, as well as for more vociferous but less powerful critics, as he delivered BPA senior trade union leader has again called for BP

Polluting households face green taxes

Households that recycle waste and save energy and water would be taxed less under a major fiscal shakeup put forward by an environmental thinktank today. The proposals, published in a report commissioned by the Green Alliance, were aimed at discouraging people from leading environmentally damaging lifestyles. They included inefficiency charges on polluting or wasteful products […]

Car-free flat proposals set for go-ahead

A NEW Town housing development that attempts to reduce the need for residents to use their cars is set to get the go-ahead. Twelve flats are to built in a three-storey development at Broughton Street Lane. The developer has also agreed to pay money towards providing parking space for City Car Club members. Edinburgh Evening […]

Of Death and Taxes and Substitutes

All of us who have studied economics in the most rudimentary way know that as prices pass the peak of demand volume of sales begin to show a diminution of return. As prices go up, sales fall. We also know that price affects opportunity. That is that consumers have limited amount of funds to spend […]

Cloning Enron: Propagating Economic Collapse

It is now painfully obvious that the preponderance of U.S. corporations, the federal government and state and local governments have adopted the Enron template for destroying the prosperity of the nation and its citizens. For what purpose? Mike Ruppert answered the question superbly in his 2003 article

GM fuels ethanol debate

General Motors Corp. dragged its feet in offering hybrid vehicles, but it doesn’t plan to be left behind on another alternative to gasoline power. GM will announce Wednesday that it is increasing its commitment to E85, a fuel that is a blend of 85 percent ethanol and 15 percent gasoline. E85 consumes less gas, runs […]

Energy cost, drought compound Bush cuts

Ag budget squeeze Kansas Farm Bureau president Steve Baccus has just two words for President Bush’s 2007 budget proposal. “It stinks,” Baccus said. Baccus is not alone in his opinion. Across Kansas and the U.S., farm groups are already organizing to take their case to Congress. “We have to get the message across that this […]

Fuel Prices: Where Are the Palliative Measures?

NIGERIA – President Olusegun Obasanjo promised that in the year 2006 Nigerians will enjoy a stable price regime for petroleum products, not higher than the current prices. This is to say that there will be no upward price adjustments this year. This is a very welcome development and Nigerians fervently hope this promise will remain […]

Stronger Rise in Oil Demand Seen

The Energy Department increases its estimate of consumption, which could affect whether OPEC cuts crude output. U.S. and world oil demand growth in the second quarter is expected to be stronger than previously forecast, the Energy Information Administration said Tuesday, which could affect OPEC’s decision on whether to cut oil output during the period. In […]

How U.S. policy undermines hybrid cars

NEW YORK – Some of my favorite people drive a Prius. They bought the car, obviously, because they were worried about the planet. But the fringe benefits are pretty nice, too. In the United States, Prius drivers can use a carpool lane in some places even when no one else is in the car. No […]

Oil companies want SEC to loosen reserves rules

Thanks to record profits, oil companies are finding it easy to fatten up their bank accounts. But they’re having a tougher time convincing skeptics how much oil and natural gas they have in the ground, which is the measure that Wall Street uses to gauge the companies’ future profitability. Big Oil’s proposed solution to this […]

The Next Conservative Energy Policy

By Roscoe G. Bartlett President George W. Bush was half right and half wrong about oil in his State of the Union speech. “America is addicted to oil, which is often imported from unstable parts of the world,” he said. However, we can’t “break this addiction through technology” alone. Two words conservatives should champion were […]

Former WH official admits SOTU comments were about Peak Oil

I was watching Hardball on Thursday night and Chris Matthews had on Former Commerce Secretary Don Evans. Secretary Evans is a good personal friend to President Bush and a former member of his administration. Amazingly enough during the interview, there is this exchange: …MATTHEWS: James A. Baker from Texas, the former secretary of state, said […]

Upheaval leaves supplies vulnerable, warns BP

Lord Browne of Madingley, chief executive of BP, yesterday warned of “significant supply disruption” to world oil supplies as the company announced the biggest proposed cash return to shareholders in British corporate history. Speaking as the oil giant announced a 25pc jump in annual replacement cost profits to $19.3 billion ( The Opec cartel of […]

Seven years to save planet, says PM

Tony Blair has warned world leaders they have less than seven years to save the planet. But he ruled out a “ticket tax” on British airline passengers to combat global warming. .. Norman Baker, environment spokesman for the Liberal Democrats, said: “Emissions from aviation represent the greatest challenge in tackling climate change. For the Prime […]

Death of the Petro-Confederacy

The Southern States were addicted to slave labor. The institution of slavery was part of the fabric of everyday life. Everyone could see the slaves working in the fields and some, even in the South, questioned the morality of this economic paradigm. But the Southern Aristocracy was never going to relinquish their cheap slave energy […]

US Seeks African Solution to Ensure Safe Oil Coast

The US plans closer ties with African navies rather than increasing its presence along the west coast to protect oilfields to which the country is increasingly looking for its energy needs, a senior visiting US admiral says. “We (the US Navy) are going to be more present off the west coast of Africa, but don’t […]

Darfur bleeds in the great scramble for Sudan’s oil

For mile after mile, there are no people. The huts they once inhabited are blackened shells. The fields they once worked are empty. There will be no harvest this year, just as there has been no harvest since the outbreak of war… China’s economic boom means that the quest for overseas oil is a central […]

Are Big Oil’s tanks running dry?

The world’s big private oil companies are reporting record profits on the back of high oil prices. They should enjoy it while it lasts, for they are struggling to find new reserves to replace the stuff they are pumping. ..The big oil companies are probably less worried about riding out public opinion than they are […]

Petroecuador suspends oil exports amid protest

Ecuador’s state oil company Petroecuador suspended oil exports on Tuesday after hundreds of protesters stormed a pumping station and demanded the government quit trade talks with the United States. Citing the protests, Petroecuador declared force majeure, freeing it from its contractual obligations, with a company spokesman saying the suspension could last several hours or possibly […]

Outrage over Indonesian plans for palm oil plantation

Activists and economists are outraged at Indonesian plans to cut a swathe through one of the world’s largest remaining areas of pristine rain forest to create a massive Chinese-funded palm oil plantation. The remote stretch of land on Borneo island, home to countless species of rare birds, plants and mammals including the largest remaining wild […]

Big oil is getting pushed around

Exxon Mobil’s biggest competitor in the quest for oil reserves is not BP or Royal Dutch Shell. It is the governments of China, South Korea and India. .. National oil companies did about 15 major transactions outside of their borders last year, up from two in 2000, said Saad Rahim, an analyst at PFC Energy […]

Saudi official says soaring oil prices can’t last

Saudi Arabia’s oil minister said today that today’s soaring oil prices were not sustainable long-term, but that prices must be between $45 and $50 a barrel for petroleum producers to meet global demand, which he estimated would grow by 1.4 million barrels per day over the next year. Ali Naimi’s demand growth estimate for 2006 […]

Westport and Ford to Develop Hydrogen Engine

An advanced direct injection fuel system for vehicles powered by high-efficiency, high-performance engines operating on pure hydrogen is being developed in two phases by Westport Innovations and Ford Motor Co. The U.S. Department of Energy (DOE) will be teaming with Westport and Ford to further development of Westport’s hydrogen direct injection (H2DI) technology, according to […]

Saudi nervous that US doesn

Saudi Arabia, the world khaleejtimes

Hy-Drive Begins Selling on-Board Hydrogen Generating System

Hy-Drive Technologies, the maker of a compact, on-board, on-demand electrolyzer that produces hydrogen for mixture with gasoline, diesel or propane (earlier post), announced the commercial availability of its new G2 hydrogen generating system (HGS) and has begun shipping and installing its first G2 units to selected trucking customers in North America. The Hy-Drive HGS injects […]

Corn Power Put to the Test

There is only one catch: Turning corn into ethanol takes energy. For every gallon that an ethanol manufacturing plant produces, it uses the equivalent of almost two-fifths of a gallon of fuel (usually natural gas), and that does not count the fuel needed to make fertilizer for the corn, run the farm machinery or truck […]

Climate Doubters Following Tobacco’s Lead?

Global Warming This article on Znet argues that some of the controversy around climate change is being manufactured, by companies taking a page out of the tobacco industry’s playbook. In 1954, the Tobacco industry attempted to defray dangerous studies by setting up friendly “research” firms to publish contradictory results. thewatt

The Bull Market Report Investigates Why Solar Power is Hot

The Bull Market Report (http://www.bullmarket.com), an online investment newsletter focused on long- term growth and income-generating stocks, announced today that it has provided subscribers with an updated look at cutting-edge companies in the solar energy market, including Evergreen Solar (Nasdaq: ESLR – News), Suntech Power Holdings (NYSE: STP – News), SunPower (Nasdaq: SPWR – News), […]

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