Kuwait proposes reactivating standby oil output to calm market

DOHA – Kuwait’s Oil Minister Sheikh Ahmed Fahd al-Sabah has said he would propose reactivating standby oil output of two million barrels per day, last activated in September, in order to calm frenzied markets. “When we have our consulting meeting, at least maybe we (will be) offering all our extra capacity to go back to […]

Borneo’s palm oil politics

Increasing global demand for palm oil is big business for those countries that can provide it, such as Indonesia’s Borneo, but the introduction of plantations on a large scale could have a devastating effect on the island’s rich wildlife. BBC.

Oil consumers, producers talk but do they listen?

DOHA – The world’s oil producers and consumers agreed on Sunday record $75-a-barrel crude was a danger to everyone, but appeared further apart than ever in their quest to bring prices down. Oil raced to an all-time last week as Iran continued to defy world pressure to halt its nuclear program, a quarter of Nigeria’s […]

Pumped up: Fuel prices expected to soar even more

Analysts are warning of more shock-and-awe fuel spikes next week even after the price of crude oil hit an eye-popping record of $75.15 a barrel yesterday in New York markets. Yesterday Some are predicting gas prices as high as $3.25 a gallon.

Oil Producers, Consumers Say Prices Will Stay High

Oil prices, after surpassing $75 a barrel last week, are unlikely to decline until OPEC countries and Western nations invest enough in new fields and refineries to meet rising energy demand. Edmund Daukoru, president of the Organization of Petroleum Exporting Countries, told reporters today in Doha, Qatar, that crude oil will stay around an average […]

The Battle Over the Blame for Gas Prices

Firms Cite Supply Issues, Deny Abuse When Severin Borenstein drove by a Shell station in Orinda, Calif., yesterday morning, the price of unleaded gasoline was $2.99 a gallon. When he drove by five hours later, the price was $3.10 a gallon. Borenstein has a better grasp of why that happened than most. He’s a professor […]

Next Stop: Atlantic Station

A new infill development in Atlanta proves that many people want to live in real neighborhoods. In a city renowned for sprawling highways and long commutes from the vast low density housing of what Joel Garreau has called “edge city” due to its overwhelming suburban makeup, Atlanta seems like an unlikely home for a successful, […]

Brace for $100-a-barrel oil

Sacrifices required to put in place a national policy for energy alternatives Are Americans willing to live with $100-a-barrel oil prices, which could translate into $6-a-gallon gasoline and heating oil? They may have no choice. It could happen as soon as five years from now, according to some energy experts. The price for a barrel […]

Candidate for Governor of Maine runs on peak oil platform

KENNEBUNK In new windmill technology, for example, the blades are so big and turn slowly that they no longer kill birds, an early objection to wind power.

Computer-matched car pooling — the next ”killer app” and good energy policy

Car pooling or paid ride sharing should be computerized, at least for commuters. Here’s how a good system might work, using currently available technology. It could even be the next great application for computers, wi-fi, and the internet. Way back in the 1960’s or 70’s I read that almost any mass transit system looked good […]

Shell opens world’s first wind-powered gas field

Platform powered by renewable energy produces no carbon emissions LONDON – The world’s first offshore gas field powered entirely by renewable energy has started up in the UK North Sea, project owners Shell and ExxonMobil said on Wednesday. The Cutter project in the southern North Sea uses a platform powered by wind and solar energy […]

Green Dave takes his new eco-car for a spin

David Cameron will tomorrow pose for pictures next to his new government-issue But for Gregory Barker and Chris Grayling, that phrase might strike a discordant note – The Independent on Sunday has learned that both have been forced to sell their private gas-guzzlers. Mr Barker, Mr Cameron’s environment spokesman, waved a regretful farewell to his […]

It might be painful at the pumps, but it could force the Yanks to dump that SUV

The pain is at the pumps – but not only at the pumps. The most visible sign of rising energy prices is the But don’t expect any easing to last. If the Chinese economy continues to grow at close to 10 per cent, that will mean that each year there will be more relentless demand […]

Residents move away from car use

A scheme which encourages Darlington residents to stop using cars is showing great progress, the council says. The Town On The Move project was launched last March to increase the number of people walking, cycling and using public transport. An annual census of pupils’ travel behaviour showed a 120% increase in numbers cycling to and […]

Tories go for tram ticket

DAVID CAMERON will this week launch his next big green idea: promising to bring back the tram as a mainstay of city life. After returning from his trip aboard a husky-driven sled to a Norwegian glacier last week, the Conservative leader will head to Manchester to take a ride on the city Supporters of tramways […]

Up to Speed: Fuel prices make cars shrink

Record petrol prices are changing the way car buyers choose their vehicle, according to figures from the Society of Motor Manufacturers and Traders. Last week saw the cost of a gallon of unleaded edge towards Sales of superminis

Australia soars on uranium bonanza

Suddenly, the world desperately wants Australia’s yellowcake. China has just signed an agreement to buy thousands of tonnes, a deal said to be worth Times Online

The more oil rises, the bigger the fall

So why the spike in prices? One reason is actual supply disruptions. Action by militants in Nigeria has knocked out a fifth of the countrytimesonline

Consumers may soon buy wind energy

The Nova Scotia government hopes to bring in new rules this fall allowing wind-energy developers to sell power directly to customers, says Allan Crandlemire, the Energy Department’s director of management. Mr. Crandlemire said the department has heard from developers wanting the government to allow wind power to be sold directly to customers, instead of only […]

Former Shell boss to tap free energy

The former Shell chairman Lord Oxburgh is working with National Grid to investigate the possibility of using the North Sea gas’s natural pressure to generate “green” electricity. Oxburgh is chairman-designate of 2OC, a company trying to introduce “geo-pressure” to Britain. The technology is based on a simple idea: natural gas emerges from the ground at […]

Planning delays ‘put UK energy supplies at risk’

The future of Britain’s energy provision is at risk because the UK’s cumbersome planning system is blocking the building of vital new gas storage facilities, says the Confederation of British Industry. CBI director-general Digby Jones said 80 per cent of the UK’s new gas storage is mired in the planning process. Even if all the […]

What comes next for global energy?

BP’s Steve Koonin outlines our energy challenges. Looking ahead to the next 50 years, what are the big energy challenges for the world? Here’s the view from the chief scientist of one the world’s biggest old companies. Since 2004, Steve Koonin has served as chief scientist of BP, the world’s second largest independent oil company. […]

Chiefs of oil firms call for investment

Chief executives of the world’s top oil firms met ministers from the biggest producers and consumers yesterday as record crude prices of above $75 a barrel added urgency to consumers’ calls for more supply investment… Consumer governments are urging international oil companies to spend more on producing and refining oil and they want major exporters […]

$100 a Barrel Oil Looms in United States’ Future, Says One Commodities Expert

“Several major disruptions are driving us toward the $100 a barrel level and $5 – or more – for gasoline,” said Kevin Kerr, commodities expert and frequent contributor to The Daily Reckoning. “These skyrocketing prices could be caused by Iran, OPEC, refinery shutdowns, hurricanes, Venezuela, or possibly all of these factors combined. The longer consumers […]

Is the world economy oil price-proof?

So what if oil prices have just set yet another record? They have been soaring for years without stunting global economic growth, profits or share prices, and without stoking high inflation, the curse of past oil crises. So far so good, but for how long? As oil topped $72 a barrel on Tuesday, some economists […]

Iran deals two blows to U.S. at global oil talks

Iran struck two blows against the United States on Saturday — closing in on a gas deal with Pakistan and India that Washington opposes and promising non-U.S. oil customers to keep its exports flowing. Iranian Oil Minister Kazem Vaziri made the announcement at talks here between the world’s energy producers and consumers aimed at bringing […]

Dynoil LLC Confirms it will Build a 100,000 Barrel per Day Bio-Diesel Refinery

Dynoil announces it will build a 100,000 barrel per day Bio-Diesel Refinery in the Houston, Texas, US Gulf Coast. Total production of Bio-Diesel will be approximately 1.5 billion gallons per year. Dynoil has selected for its refinery a site near the US traditional center of petroleum refining, Houston, Texas and the US Gulf Coast. The […]

Scientists Warn of Threat to Coral Reefs

In the waters around the U.S. Virgin Islands, as much as 40 percent of coral died in some reefs last year, and the coral that survived probably isn’t healthy enough to survive another hot summer, said Caroline Rogers, a U.S. Geological Survey biologist. “It worries me. It’s looking so similar” to last year, said Rogers, […]

Best cars with great gas mileage

We’ve selected five — a luxury car, family sedan, sports car, crossover SUV and a subcompact — that are smart buys and easy on fuel. For each category, we’ve also mentioned two alternatives. None of the top cars are hybrids. That’s because, with their added cost, hybrids aren’t really a good value from a purely […]

Pine scent protects Earth from sun rays

The particles that carry the forestsMG

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