Drivers run out of gas to save money

LOS ANGELES, California — Some California drivers are resorting to desperate measures to beat the surge in gas prices at the pump – deliberately running dry on the state’s freeways and simply waiting for rescue. “Every time fuel goes up, we start noticing it. But right now we are noticing it a lot more,” Andy […]

A new way to cut your %!@# power bill

Think of it as a kind of TiVo for electricity: A device lets you buy energy when it’s cheapest and store it for later use. NEW YORK – In an age of flextime, when workers increasingly commute outside peak traffic flows, the delivery of electricity seems a bit, well, static. When you need it most, […]

Japan: A Delicate Balance

With the price of oil skyrocketing, Tokyo may have to make friends with some of Washington’s enemies. For most of the past century or so, Japan has enjoyed remarkable popularity within the Muslim world. In stark contrast to European countries or the United States, Japan has no burdensome history of colonial-style intervention in the region’s […]

Whatever Happened to Oil Price Elasticity?

The facts are overwhelming. Oil prices described as Financial Sense

Anatomy of a gas gouge

As Bush calls for probes into price fixing, here’s how one station fleeced customers for thousands of dollars. NEW YORK – Twenty cents here, 30 cents there, and pretty soon you’re talking about real money – $10,000 to be exact. That’s roughly how much the New York Attorney General’s office figures one Getty service station […]

Creeping toward oil as a social good

Like two drivers after a fender bender, politicians are finger-pointing over eye-popping gas prices. They try to find fault first (solutions later). The president has joined this chorus by questioning oil profits. What is the real message in these cries for scalps? Government must do more. The US should subsidize more bio-fuel, some say. Or […]

Science Time With Six

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Or should perhaps this piece be really titled “Okay, idiot, one more time, this is why oil costs so damned much…..” Way back when I were a cubling mystic, some nice men from the local nuclear power plant came to our school to show and tell us all about the wonders of fissing U235 atoms […]

A US bid to ease gas prices

But the president and Congress can do little in the short term to help consumers. NEW YORK AND WASHINGTON So what can the US do? That’s the question roiling Washington right now. Congress is promising probes, hearings, and maybe new laws reining in windfall profits. Some lawmakers are talking about rebate checks for families. Others […]

Rising cost of fuel putting pinch on farmers

These days, Hinds County farmer Scott Cannada has to take a look at his financial balance sheet before taking a tractor ride across his 1,000-acre farm. Last spring, Mississippi farmers paid about $1.73 a gallon for farm diesel fuel but are facing a 20-percent increase this year. Some farmers are fearful of financial ruin this […]

Stop This ‘Addicted to Oil’ Nonsense, Mr. President

Ronald Reagan once said, What ever happened to drilling? What about the ANWR? America

High gas prices propel a new ‘moped madness’

Scooters and mopeds see a rise in sales – and cachet – thanks in part to a youth energy ethic. ATLANTA Four years later, Mr. Biek is still hooked. “Once you ride one, you have to have one,” he says. “It’s consumed my entire life, and I have no real explanation for it.” The moped […]

An Overdose of Pessimism

According to James Lovelock, father of the Gaia hypothesis that the Earth is one giant living organism, we’re doomed. In recent writings, including his book “The Revenge of Gaia”, he explains: “We are in a fool’s climate, accidentally kept cool by smoke, and before this century is over billions of us will die and the […]

Bush’s popularity hits all-time low as rise in oil prices fuels anger

As his approval ratings hit an all-time low, President George Bush moved to try to stem the rise in US oil prices, which has turned into a political headache for himself and his administration. And yet, petrol prices in the US remain low by European standards. The US national average of roughly $3 ( The […]

Paris and London consider Mideast oil trip

Britain and France are considering a joint visit to the Middle East by Gordon Brown and Thierry Breton, the countries’ finance ministers, to press oil producers for action to bring down prices. French officials told the FT that the ministers would act as representatives of the Group of Seven leading industrial nations, which last week […]

Kuwait: MPs call for cap on oil production

Five lawmakers yesterday filed a draft law calling on the government to limit oil production in line with actual proven reserves, which have been claimed to be lower than the officially stated figure of 100 billion barrels. The four-article bill stipulates that the new production figure should not exceed the percentage of actual output in […]

CERA: $70 Crude In ‘07 Would Cut Global Economic Growth

Despite the current high prices, CERA expects world oil demand to grow by 1.7 million barrels a day, or 2.1%, this year, but cautioned that similar prices next year would cut into expectations of similar demand growth rates in 2007. “The continuing decline in the oil intensity of the global economy is a key reason […]

Oil firms eye Iran energy deals despite sanction threat

As the clock ticks toward possible economic sanctions on Iran, foreign oil companies keen to gain a foothold in the country’s massive hydrocarbon industry are as eager as ever to do business with the Islamic republic. Attracting foreign investment into the Iranian oil and gas industry appears to be a priority for both the country’s […]

Govt vows ‘No oil shortage’

The government and oil firms are jointly taking prompt measures to cope with possible shortages of fuel, but while oil prices are speculated to fall later this week, so far, falling consumption is due to cost rather than supply. The public, especially motorists, are advised to not panic over predicted oil shortages in Thailand because, […]

Don’t rule out a gas cartel

WHAT ARE the prospects for a gas cartel, an organisation of gas exporting countries or Ogec? The unpleasant truth is that they look better every day and not just because Gazprom, the worldtimesonline

Fear and speculators driving oil prices too high, says BP chief

Britain’s top oil man, John Browne, warned yesterday that fear was driving the price of crude to artificially high levels, with untold consequences for the global economy. The BP chief executive said turbulence in Iran, Iraq and Nigeria was leading to continual speculation about oil shortages and there were “all sorts of things that suggest […]

Preparing the World

Wave Dragon is an offshore wave energy converter of the overtopping type. In 2003 Wave Dragon was the first wave energy developer to connect a prototype device to the public grid. Operating automatically this device has been online in the U.K. for 15,600 hours. Now, in a Joint Venture with UK renewable energy project developer, […]

OPEC chief: Surplus capacity to triple

DOHA–Members of the Organization of Petroleum Exporting Countries will triple surplus oil production capacity, the group’s chief told Japan’s trade minister Sunday in separate talks at the International Energy Forum. OPEC President Edmund Daukoru told Toshihiro Nikai that surplus capacity will be raised to 4 million barrels and later to 6 million barrels per day […]

Why Gas Prices Won’t Go Down

The steps proposed by President Bush on Tuesday to rein in soaring gasoline prices would do little to cut fuel costs for outraged motorists before the summer driving season, industry experts said. That’s because the factors driving today’s record gasoline prices are varied and complex latimes

Oil, Gasoline Tumble on Bush Energy Speech

Oil prices fell sharply Tuesday after President George W. Bush announced a series of measures to combat high energy prices, including a waiver of fuel requirements. In a short speech on energy issues, Bush said that the Environmental Protection Agency will grant waivers to regions that have asked to sell conventional gasoline instead of cleaner […]

Shiite Militias Move Into Oil-Rich Kirkuk, Even as Kurds Dig In

KIRKUK, Iraq — Hundreds of Shiite Muslim militiamen have deployed in recent weeks to this restive city — widely considered the most likely flash point for an Iraqi civil war — vowing to fight any attempt to shift control over Kirkuk to the Kurdish-governed north, according to U.S. commanders and diplomats, local police and politicians. […]

US Senate Committee Convenes Hearing on Coal-to-Liquids

The US Senate Committee on Energy and Natural Resources held a full-committee hearing on the economic and environmental issues associated with coal-to-liquids processing, and on the implementation of the provisions of the Energy Policy Act of 2005 addressing CTL. For his part, Hunt Ramsbottom, the CEO of Fischer-Tropsch company Rentech, noted that Rentech was in […]

DOE Seeks Public Comment on the “Roles of Ammonia in a Hydrogen Economy”

A paper entitled “Potential Roles of Ammonia in a Hydrogen Economy: A Study of Issues Related to the Use of Ammonia for On-Board Vehicular Hydrogen Storage” (PDF 518 KB) has been developed and is now available for public comment. The objectives of this paper are to identify, evaluate, and summarize the key issues and advantages […]

Developing nations power global growth

More than 70 per cent of the world’s economic growth is now taking place in developing countries, with almost a third of it in China, new International Monetary Fund data reveals. Dr Rajan said sub-Saharan Africa this year was set to record its fastest growth for 30 years, its output growing 5.8 per cent. Next […]

Gazprom Ups Volume in Row with EU Over Gas Supplies

Russian energy giant Gazprom launched a stinging attack on the European Commission, accusing it of backing policies that could threaten Europe’s energy supplies. The chief target was the energy charter the European Union wants Russia to sign which would guarantee supplies of Russian gas to western Europe. Rigzone

Jim Kunstler Commentary – April 24 2006

America commuted back into the unknown country of $3-plus gasoline and $75-plus oil (per barrel) last week, and President Bush revisted the Tomorrowland of hydrogen cars in the absence of any reality-based response to the global energy crunch that will change all the terms of America’s “non-negotiable way of life.” Actually, we are negotiating, or […]

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