Oil-price rises ‘may force small firms to shed jobs’

The Irish Small and Medium Enterprises Association (ISME) has warned of hundreds of potential job losses due to the rising international price of oil. The association said today that Irish companies could go out of business if the costs of petrol, gas and electricity continue to spiral upwards.Irish Examiner

Americans commute longer, farther than ever

Dave Givens drives 370 miles to work and back every day and considers his seven-hour commute the best answer to balancing his work with his personal life. The winner of a nationwide contest to find the commuter with the longest trek, Givens is one of millions of people who are commuting longer and farther than […]

Trucking Industry Seeks Fuel Efficiency, Imposes Surcharges (Canada)

Record high crude oil prices are being reflected at more than just the gas pumps. Diesel fuel used by truckers has increased in price by 21% over the past ten weeks and is up 27% year-over-year. Today’s prices are 26.5 cents per litre, or 64% higher than they were two years ago at about the […]

OPEC Exports -390,000 B/D In 4 Weeks To May 6 – Consultant

Seaborne crude oil shipments by the Organization of Petroleum Exporting Countries are expected to fall by 390,000 barrels a day in the four weeks to May 6 compared with the average of the previous four weeks, a leading tanker tracker said Thursday. U.K.-based Oil Movements forecasts OPEC’s shipments will fall to 24.32 million b/d compared […]

Road repair on warrant

The Town Meeting warrant includes two articles that Jim Clyde is hoping will jump-start the road repair activities this summer. Articles 8 and 9 ask voters to approve approximately $170,000 for road repair and reconstruction. …He said 90 percent of the materials used in road repair are made from oil, not to mention the diesel […]

Don’t like gas prices? Try this car

Cato man builds his own battery-powered car Kieth LaTray’s kids groaned the day he cut through the back of his 1992 Ford Festiva with an electric saw. Not that their father’s act was out of character. LaTray had already removed the engine, the exhaust system and the fuel tank, and replaced them with an electric […]

Three Mile Island shows US nuclear risks, rewards

MIDDLETOWN, Pennsylvania – Four giant cooling towers loom over the Three Mile Island nuclear plant, reminders of the fears and hopes surrounding an industry that may help cut U.S. dependence on foreign oil. Two towers stand quiet, idle since a partial meltdown in a reactor almost 30 years ago in the nation’s worst nuclear accident. […]

Higher energy prices may stunt corn crop

Expect to see fewer corn fields this year as rising energy prices ripple through the farm economy. It is too early to tell if price increases for fertilizer and fuel will cause produce prices to increase, said Tom Sachs of the Ohio Fruit and Vegetable Growers Association. Ohio farmers who raise field corn will plant […]

Nigerian oil delta militants kill 2

PORT HARCOURT, Nigeria – Nigerian militants killed two civilians in a car bomb attack on an army barracks in the southern city of Port Harcourt, extending a four-month onslaught against the world The use of the car bomb was unusual, and the militants threatened to stage more such attacks on the military, oil installations and […]

Restaurants can help trim foreign oil reliance

Biodiesel can offer long-term benefits to industry, contribute to fuel supply VANCOUVER, Wash. – Its first nickname was

What the mainstream media are not telling you about the run up in oil prices

Why Are Oil Prices up? Oil prices are up substantially since mid-February. Most of the Mainstream Media (MSM) attribute this run up in oil prices to geopolitical tensions. However, a careful examination of recent supply data provided by the US Energy Information Agency (EIA) suggest a different reason–oil importers are bidding against each other for […]

Plenty of repairs still to go

Six weeks before this year’s hurricane season begins in the Gulf of Mexico, the oil and gas industry is far from finished repairing the damage done by last year’s storms. Divers have yet to inspect half of the platforms hit by Hurricanes Katrina, Rita and Dennis. Some crews that are usually available to fix platforms […]

Why so high? Oil markets riding new currents.

A barrel of oil tops $70 – but some analysts say prices may be near a peak. NEW YORK But before investors pour the family fortune into the black goo, analysts are urging caution. Oil is a commodity whose price ultimately depends on supply and demand, they warn. Viewed from that perspective, oil prices already […]

Drivers curb use as gas goes up

Americans have cut back gasoline use in apparent response to increasing prices, separate surveys by the government and a petroleum trade organization showed Wednesday. Gas use last month was 0.6% less than a year ago, the American Petroleum Institute reported, because “high fuel prices have led to decreased demand for gasoline and other refined oil […]

Fuel costs may force fare hikes

NEW ZEALAND – Rising fuel prices have hit tourism operators hard, with many saying they will not be able to continue wearing the hikes for long. Crude oil prices in New York hit a record high of $US71.60 on Tuesday While some operators had already set fares for the season, others were in the midst […]

$4.50 dollars per Gallon!

With pump prices rising fast, a gas station under the Brooklyn Bridge took a quantum leap into outrageousness – charging a jaw-dropping $4.50 a gallon! That’s what the Gulf Station on Old Fulton St. in Brooklyn Heights was charging credit card customers for a gallon of premium yesterday. A gallon of regular gas was no […]

Oil scales fresh peak in London

Crude oil traded in London has hit a record high of $74.16 a barrel, the seventh consecutive day in which it has set a new price peak. Concerns that increased demand for petrol will squeeze already stretched supplies have kept prices high, as data showed a fall in US gasoline stocks. US-Iran tensions and Nigerian […]

What is driving oil prices so high?

Crude oil prices have surged to record levels of over $72 a barrel – a rise of more than 18% in 2006, and a threefold gain over the past three years. BBC News looks at the factors that are driving oil prices higher. BBC

Envoys Remain Split On Plan Against Iran

Senior diplomats from the U.N. Security Council’s five permanent members ended two days of talks about Iran’s nuclear program Wednesday with consensus for action against the Islamic state, but they continued to be divided as to what form it should take, U.S. Undersecretary of State R. Nicholas Burns said. “Nearly every country is considering some […]

The Unavoidable Topic Awaiting Hu in the U.S.: Oil

When President Hu Jintao arrives at the White House on Thursday morning for his first official visit as China’s leader, he will be confronted with a host of American worries about oil. Washington fears that China’s soaring demand is helping drive prices to more than $70 a barrel, and that Hu is presiding over a […]

Further rises in petrol prices expected after oil reaches new peak above $72 a b

Motorists are facing the prospect of paying guardian

Geopolitics and the Energy of Transportation Collide at PGRE&F

At last week’s all-renewables trade show and conference, Power-Gen Renewable Energy & Fuels (PGRE&F), some gradual shifts in the renewable energy industry came into sharper focus for attendees and exhibitors. Some key takeaways included the rising use of biofuels, the escalating security implications of the nation’s energy use — especially the vulnerable transportation sector — […]

Iran’s enemy lies within

Internal political divisions and economic weaknesses may present a bigger threat to the longevity of the Iranian government of Mahmoud Ahmadinejad than the US and Israeli air forces combined, a report published yesterday suggests. The study, entitled Understanding Iran and produced by the Foreign Policy Centre, warns that military action against Iran’s suspect nuclear facilities […]

Could Sweden become the OPEC-equivalent for bioenergy?

Some regions in the world have the potential to fully cover their prospective energy demand through energy crop production at a cost below 4 US$/GJ (1.4 c/kWh). Canada, the former USSR and Oceania even have the possilibity to grow more than needed for their domestic energy demand. A global trade in bioenergy is likely to […]

Sasol to Launch Qatar Diesel From Gas Plant in June

South African fuels group Sasol Ltd will launch the world’s first commercial-scale gas-to-liquids (GTL) plant in Qatar on June 6, pumping 34,000 barrels per day of diesel, it said on Wednesday. The GTL project, named Oryx, will produce liquid fuels from natural gas and will be run in partnership with Qatar Petroleum, while oil major […]

Tiny Biodiesel Reactors

A professor of chemical engineering at Oregon State University developed a small reactor to directly convert vegetable oil to biodiesel. Goran Jovanovic reports his invention is approximately the size of a credit card. It pumps vegetable oil and alcohol through parallel channels to convert the oil into biodiesel almost instantly. Current mainstream methods to produce […]

Viking Attack

Two weeks ago, upstart Norwegian oil drilling company SeaDrill embarrassed its far bigger U.S. rival Noble by grabbing control of Smedvig ASA, Norway’s leading oil services company in a $2.5 billion takeover. With Smedvig, SeaDrill gets an umbrella company with proven managers to oversee the portfolio of assets it has snapped up in the last […]

Blackouts a Fluke Now, But in 2010?

Texans this week got a small glimpse of what life might be like in 2010 if power companies don’t build more generation plants. Demand for electricity peaked Monday as record-high temperatures prompted folks to turn on air conditioners. Electric companies weren’t ready, causing a rolling electricity blackout across the state.Dallas Morning News

The Peak Oil Crisis: Politics After the Peak

There is little doubt the effects of peak oil will someday soon radically change the political landscape in AmericaFalls Church News-Press

San Francisco Board of Supervisors Pass Peak Oil Resolution

On April 11, 2006, the San Francisco Board of Supervisors unanimously passed a resolution that will pave the way toward the city addressing the challenges of peak oil (petroleum depletion) on the City and County of San Francisco, making it the first city in the country to formally address this issue. The resolution was envisioned, […]

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