Iran Sets Conditions for Russian Nuclear Proposal, Says `No Going Back’

Iran set several conditions for a Russian proposal to succeed in breaking the international deadlock over the Islamic Republic’s nuclear program, Foreign Ministry spokesman Hamid Reza Asefi said. Under the Russian proposal, Russia could carry out uranium enrichment for Iran and then deliver the fuel to the Islamic republic. The proposal is designed to allay […]

Plant That Brewed Beer Shifts Attention to Ethanol

Now he is the engineering director of a project aiming to turn the ghostly, 420-acre complex into the Northeast’s first ethanol production plant, churning biofuel out of the massive vats that once brewed Miller Lite. So the owners of the Fulton plant, a fledgling local company called Northeast Biofuels, hope to start by producing corn-based […]

Bush

President Bush chose the California Fuel Cell partnership as the venue for an Earth Day address on advanced transportation, during which he emphasized hydrogen as the future solution, but referenced hybrids, plug-in hybrids and ethanol as being important transition technologies in the short-term. Before touching on the solutions for the future, the President talked about […]

Companies Partner to Advance Metal-Bath Gasification Technique for Coal-to-Liqui

Diversified Energy Corporation and Alchemix Corporation are working together to accelerate the development of Alchemixgreencarcongress

Peak Oil and Peak Gold

As someone who has kept track of the “Peak Oil” movement for a few years now, it comes as no surprise that oil prices have risen nearly six fold since they hit rock bottom in the late 1990s. Does this mean Peak Oil has already arrived? Not necessarily, but we note that a final peak […]

Coal-to-Diesel Breakthrough Could Cut Oil Imports

Professor Alan Goldman and his Rutgers team in collaboration with researchers at the University of North Carolina at Chapel Hill have developed a way to convert carbon sources, such as coal, to diesel fuel. This important advance could significantly cut AmericaRutgers Research Highlights

How High is Too High for World Oil Price?

The $70-a-barrel mark for oil, decisively breached this week, is seen by many analysts as a danger level. But some argue sustained prices of well over $60 have inflicted surprisingly little pain and done some good. Ministers from 65 countries and executives from the likes of Exxon Mobil, Royal Dutch Shell, BP and Chevron meet […]

Saturn Vue Green Line: Hybrid for Tightwads

With its first mass-market hybrid, GM emphasized cost savings. That may be just what the market needs. In creating its first gas-saving hybrid vehicle for the mass market, General Motors took the cheap way out. This time, it could prove to be a very smart move. The fact is, hybrids just aren’t selling like they […]

Bush: ‘Hydrogen is the Fuel of the Future’

President Bush had an Earth Day message for drivers worried about soaring gasoline prices: The nation must move more quickly toward widespread use of hydrogen-powered cars. Running vehicles on hydrogen fuel cells would help reduce oil consumption, as the technology does not require gasoline, and lower pollution, as water is the only emission. But the […]

Forecasters Say Oil Price Will Reach $90

OIL prices are set to rise further this year, beating last weekTimes Online

IEA Fears US Fuel Shortage, But Unlikely To Help

The International Energy Agency is concerned about a looming gasoline shortage in the United States, but would only order the release of strategic stocks if a major supply disruption occurs, a senior IEA official said. U.S. supplies are under threat as the world’s biggest energy consumer switches to a new kind of motor fuel and […]

Chinese Leader Increases Trade Ties With Saudi Arabia

As President Hu Jintao of China made his first state visit to Saudi Arabia yesterday, his arrival in Riyadh offered the latest sign of shifting winds across the oil-rich Persian Gulf region: China has grown as a major market for oil, and Arab states have begun turning to it as an alternative to the United […]

A New Age of Perpetually High Oil/Gas Prices?

The price of oil spiked to a high of $75 on Friday, April 21, amidst much speculation about just how long the upward trend in the oil price will persist. Meanwhile, talk continues in the press of the inevitable rise in gasoline prices at the pump in the warm weather vacation season in the U.S. […]

The Twilight of Capitalism

Kentucky farmer and writer Wendell Berry once made an astute observation about the profound flaw underlying both communism and capitalism as systems of human organization: both force humans to be subservient to a colossal institution Korten, however, does not advocate for the replacement of one form of suffocating and unsustainable control with another as is […]

Making Sense Of The Oil Mess

“There is nothing, in other words, to make you think that prices are going up unless somehow you believe the stuff is scarce.” American drivers in some areas are seeing pumps run dry. Others are forking over more than $3 per gallon of gasoline Amid this confusing fog of numbers and statistics, a couple of […]

The big squeeze

Consumers are feeling the petrol pinch, but high prices at the pump have a far greater impact on business costs Trying to cope with higher petrol prices by cancelling tomorrow’s drive down the coast? Spare a thought for businesses large and small that can’t make such easy choices. Petrol makes up less than 4 per […]

Rising gas prices have heavy impact on poor

Families living on fixed, modest incomes usually the first to cut back For most Americans, today

Snow sees danger in soaring oil prices

U.S. treasury secretary says high prices could hurt global economy WASHINGTON – Treasury Secretary John Snow on Saturday warned that soaring oil prices, large trade and budget deficits and protectionist policies could undermine the well-performing global economy. In remarks to an International Monetary Fund committee, Snow cited such threats to the economic outlook.

Gas Shortage Creeps Southward

Scattered gas stations from New Hampshire to Virginia are facing temporary shortages as the industry grapples with a transition to more ethanol-blended fuel. Analysts and industry officials said occasional shortages are possible for another few weeks, though they emphasized that the problem has more to do with delivery schedules than a dearth of fuel. Empty […]

Oil shock: what’s in store?

AUSTRALIA – Just as we were starting to get used to petrol around $1.15, escalating tensions over Iran’s nuclear intentions have pushed crude oil to a record $US73.67 a barrel and we are suddenly looking at petrol up to $1.45 a litre this week. Petrol is already high, averaging $1.356 a litre around Melbourne yesterday, […]

How Dare They Use Our Oil!

How’s this for nerve? The leader of a country that consumes more than 20 million barrels of oil a day is warning the leader of a country that consumes some 6.5 million barrels not to try to lock up world oil resources. When President Bush welcomes the Chinese president, Hu Jintao, to the White House […]

Gas prices hit record; motorists hit ceiling

Drivers pay $3.05 a gallon, change lifestyles Ron Pratt isn’t dining out this weekend. It’s not that the 55-year-old Fremont artist can’t find a babysitter or would rather cuddle up with a good book. His problem: record gas prices. On Friday, filling up his 2002 Chevrolet van cost him $66.54. And, like other Bay Area […]

After Gazprom’s tirade,…

security of supply as much as global warming drives us to nuclear Whatever Gazprom was referring to, its comments are plainly a quite alarming development. We’ll turn off our gas as we did with Ukraine, the Russians seem to be saying, if we don’t get our way. Energy supply, it appears, may be a more […]

Hu to woo Saudis after US, seeking energy security

Chinese President Hu Jintao has wooed the United States with a message that his nation wants to “peacefully develop”, but the next stop on his tour will highlight just how anxious China is for oil to fuel that growth. ..By flying from Washington to Riyadh, Hu is demonstrating how important the Saudi kingdom and its […]

Japan, firms aim to aid China in saving energy

The government and major companies will start helping China save energy when a bilateral ministerial forum kicks off in Tokyo next month to debate environmental technologies, according to sources. The forum may open new doors for Japan to sell China cutting-edge conservation technologies it has developed by reducing energy consumption 30 percent since the 1970s […]

Rising Crude Oil Prices Hit Japanese Consumers

Higher prices for crude oil are being passed on to Japanese consumers, and consumer confidence has dropped by two points. Japanese consumers are again paying more for gasoline, diesel oil and other petroleum products. This follows the increase of crude oil prices in Asian trading on Tuesday to more than $71 a barrel. Fires at […]

Consumer nations must act on oil price – Algeria

Consumer nations must guarantee demand if they want OPEC to pump more and must work to ease political tension to lower oil prices, Algeria’s Oil Minister Chakib Khelil said on Friday. The Organization of the Petroleum Exporting Countries has for years sought to guarantee supplies to world markets, but now it is time for consumers […]

Big oil firms take softer tack with oil nations

Record prices and rampant consumption are forcing big oil firms to be less demanding when they do business in countries that sit on the world’s reserves… Major oil companies are beginning to show a willingness to accommodate the demands of their hosts, state-owned national oil firms like Saudi Aramco and the National Iranian Oil Company.Reuters

Pump more oil to ease record prices, says India

The world’s top oil producers must pump more to ease record prices or risk dealing a body blow to fast-growing developing nations, India’s Oil Minister Murli Deora said on Friday. Booming demand in India and China has been a prime driver in oil’s four-year rally, but the onus is now on major producers to ease […]

Oil-rich Iran to ration petrol

Oil-rich Iran will ration petrol as of September this year, Iranian President Mahmoud Ahmadinejad said Friday. News agency ISNA quoted Ahmadinejad as saying that the government will stick to a parliamentary bill approved last year and obliging the government to ration petrol from September 23, 2006. Oil Minister Kazem Vaziri-Hamaneh said on state television that […]

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