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News from May 2006

Congressional Witnesses Unanimously Support Proposed Plug-in Hybrid Legislation

Congressional Witnesses Unanimously Support Proposed Plug-in Hybrid Legislation thumbnail

Witnesses at a House Science Subcommittee on Energy hearing today greencarcongress


New Los Alamos Hydrogen and Fuel Cell Research Collaboration

New Los Alamos Hydrogen and Fuel Cell Research Collaboration thumbnail

Los Alamos National Laboratory announced today the birth of a collaboration on the development of fuel cells and hydrogen technologies between Los Alamos, Japan’s New Energy and Industrial Technology Development Organization (NEDO) and National Institute of Advanced Industrial Science and Technology (AIST). Formalized recently by a Memorandum of Understanding, the partnership anticipates collaborations between the […]


Venezuela-U.S. Relations Deteriorate

Venezuela-U.S. Relations Deteriorate thumbnail

05/17 (LWN) This week has seen a substantial deterioration of already-unfriendly relations between Caracas and Washington. The U.S. government issued trade sanctions prohibiting the sale of weapons to Venezuela and added Venezuela to a list of nations of “concern” in the War on Terror. Venezuelan President Chavez responded by threatening to sell his nation’s American […]


DuPont to Raise Prices Across Most Businesses in Response to Higher Raw Material

DuPont to Raise Prices Across Most Businesses in Response to Higher Raw Material thumbnail

WILMINGTON, May 17, 2006 — In response to continued increases in raw material costs, DuPont today announced that it will raise prices across most businesses. In a report released today, DuPont economists cited limited refining capacity and the continuing impact of rising oil prices for the upward pressure on prices of commodity chemicals that serve […]


Chavez Talks Oil on Libya Visit

Chavez Talks Oil on Libya Visit thumbnail

BBC – Venezuela’s President Hugo Chavez has described oil prices as “fair” and said he would work to maintain them, during a visit to Libya. Mr Chavez said he discussed improving bilateral ties and working together on oil with Libyan leader Muammar Gaddafi. The two men are expected to sign an agreement but no details […]


Oil Production to Double by 2020: Canadian Producers

Oil Production to Double by 2020: Canadian Producers thumbnail

Canada.com – Frenzied development of northern Alberta’s oilsands is expected to push Canada’s oil production to about 4.9 million barrels per day by 2020, the Canadian Association of Petroleum Producers said Wednesday… Canada is one of the few countries in the world that is expecting large production increases in the future as conventional energy reserves […]


It’s The End Of The World As We Know It

It’s The End Of The World As We Know It thumbnail

Dissident Voice – A specter is haunting global civilization: the specter of Dissident Voice


Global Food Supply Near the Breaking Point

Global Food Supply Near the Breaking Point thumbnail

BROOKLIN, Canada, May 17 (IPS) – BROOKLIN, Canada, May 17 (IPS) – The world is now eating more food than farmers grow, pushing global grain stocks to their lowest level in 30 years. Rising population, water shortages, climate change, and the growing costs of fossil fuel-based fertilisers point to a calamitous shortfall in the world’s […]


API Posts Fall in Gasoline, Crude Supplies

API Posts Fall in Gasoline, Crude Supplies thumbnail

MarketWatch – The American Petroleum Institute said motor gasoline inventories fell 2 million barrels for the week ended May 12, contrary to the 1.3 million-barrel increase reported by the Energy Department. Crude stocks fell 4.2 million barrels, the API said.MarketWatch


OPEC Cuts 06 World Oil Demand Growth To 1.4 Mln B/D

OPEC Cuts 06 World Oil Demand Growth To 1.4 Mln B/D thumbnail

Schlumberger – OPEC’s report is more optimistic on demand growth than last week’s report from the International Energy Agency. In Friday’s report, the IEA slashed its demand growth figure for the year by 220,000 b/d to 1.24 million b/d and said the downward trend could accelerate as more fuel subsidies are removed in Asia and […]


Bike to Work Day is Every Day

Bike to Work Day is Every Day thumbnail

For Walter Sims, every day is Bike to Work Day. Fueled by concerns about the world’s dwindling oil reserves and rising temperatures, the 40-year-old computer engineer decided more than a year ago to become a two-wheeled commuter. Every day, he bikes an hour each way from his home in Redondo Beach to his job in […]


Texas could accelerate to 80 mph

Texas could accelerate to 80 mph thumbnail

The nation’s top legal driving speed soon could rise to a long-forbidden 80 mph as Texas moves toward increasing the limit on parts of two interstate highways. The proposed increase on Interstates 10 and 20 in West Texas is opposed by some national traffic safety advocates, who say speed contributes to many crashes. “That’s not […]


Energy costs spur surprising increase in consumer prices

Energy costs spur surprising increase in consumer prices thumbnail

WASHINGTON Excluding energy and food, which can swing widely from month to month, “core” prices rose 0.3% in April, matching March’s rise. The Federal Reserve and economists closely look at the core inflation reading to get a sense of how prices are acting. The second sizable increase in core prices could fan fears that rising […]


Cargill, ADM Differ in Food-Fuel Debate

Cargill, ADM Differ in Food-Fuel Debate thumbnail

MINNEAPOLIS – One agribusiness giant is enthusiastic about using farmland to produce fuel. Another says growing food should be the top priority for those fields. Archer Daniels Midland Co., by far the country’s largest ethanol producer, has taken an aggressive approach to biofuels including ethanol and biodiesel. Cargill Inc. has been more restrained, though it’s […]


Fueling angst

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Prepay pumps adding insult to injury CHICAGO – As if high gas prices weren So, finally the tenuous balance between customer convenience and preventing theft has apparently tipped against those who pay in favor of stopping those who don


Budgets tighten over high gas prices

Budgets tighten over high gas prices thumbnail

Governments adjusting daily operations SOUTH DAKOTA – High gas prices affect almost everyone’s budget, and many government departments have adjusted their daily operations to cope. City Finance Officer Karl Alberts said departments such as parks, recreation and forestry, the police and public works have analyzed budgets and are keeping an eye on prices. “We’re pretty […]


Chevron strikes oil off Nigerian coast

Chevron strikes oil off Nigerian coast thumbnail

Discovery, made with partners including Exxon Mobil, is 70 miles offshore and under nearly 17,000 feet of water. LAGOS (Reuters) – Energy major Chevron and partners including Exxon Mobil have made a first discovery of crude oil in an exploration block 70 miles off the Nigerian coast, Chevron said Wednesday. Chevron (Research) said in a […]


Farmers feel pinch of high fuel prices now, consumers may later

Farmers feel pinch of high fuel prices now, consumers may later thumbnail

FRESNO, Calif. – The high price of fuel that powers irrigation equipment, tractors and trucks hauling produce to market is taking a toll on California farmers, and it’s only a matter of time before the pain is passed on to consumers. “It’ll take a couple months to get through the system, but you’ll feel it,” […]


Has the Long Peak-Oil Emergency Begun?

Has the Long Peak-Oil Emergency Begun? thumbnail

Interview: Writer and urbanist James Kunstler talks about America’s auto-dependent culture, urban sprawl and what he sees beyond our dependence on oil. The record high price of gasoline has been all over the news in recent weeks. While Americans were smart enough not to fall for the congressional Republicans’ ham-handed effort to buy votes with […]


When two poor countries reclaimed oilfields, why did just one spark uproar?

When two poor countries reclaimed oilfields, why did just one spark uproar? thumbnail

The outcry over Bolivia’s renationalisation and the silence over Chad’s betrays the hypocrisy of the critics Civilisation has a new enemy. He is a former coca grower called Evo Morales, who is currently the president of Bolivia. Yesterday he stood before the European parliament to explain why he had sent troops to regain control of […]


Can Maintaining My Car Save Gas?

Can Maintaining My Car Save Gas? thumbnail

Q. With gas prices so high, is there anything I can do to my car to improve its fuel efficiency and cut my fuel costs? A. You can improve your gas mileage by making some low-cost, easy changes in maintenance. But keep in mind that the amount of gas It’s no secret that trading in […]


Gas pipeline blown up in Pakistan, three killed

Gas pipeline blown up in Pakistan, three killed thumbnail

QUETTA, Pakistan (Reuters) – Tribal militants fighting for more autonomy blew up a natural gas pipeline in Pakistan’s troubled southwest on Wednesday, killing a girl and wounding her mother and another relative, officials said. The girl died when the 16 inch diameter pipeline passing near her house in Dera Bugti town in Baluchistan province blew […]


Indonesian government likely to terminate gas exports

Indonesian government likely to terminate gas exports thumbnail

In line with the government’s plan to optimize gas utilization at home, a minister says he is considering the gradual halting of liquefied petroleum gas (LPG) exports. Energy and Mineral Resources Minister Purnomo Yusgiantoro told reporters Tuesday that the halting of exports would likely be needed to meet a surge in demand at home as […]


Mozambique Needs More Money to Import Fuel

Mozambique Needs More Money to Import Fuel thumbnail

The Mozambican government is negotiating with the International Monetary Fund (IMF) and the World Bank for an additional 50 million US dollars in its foreign reserves to strengthen its capacity to import refined fuels, reports Tuesday’s issue of the Maputo daily “Noticias”. Finance Minister Manuel Chang said that the government target of eight per cent […]


India says to tackle poverty before global warming

India says to tackle poverty before global warming thumbnail

India said on Tuesday that rich nations must lead a fight against global warming, telling a 189-nation U.N. conference that developing countries should instead give priority to ending poverty. India said that it could not be expected to limit use of fossil fuels, widely blamed for stoking climate change, when 35 percent of its population […]


Iraq’s oil: A neo-con dream gone bust

Iraq’s oil: A neo-con dream gone bust thumbnail

Crude-oil prices hit a record US$75 per barrel in late April, a level nearly three times the prices seen just prior to the US-led invasion of Iraq in March 2003. Although oil prices have slipped a few dollars since then, the bullish price environment is not something the Bush administration banked on when it launched […]


Oil & gas sector accelerate poverty in Nigeria says LCCI

Oil & gas sector accelerate poverty in Nigeria says LCCI thumbnail

The Lagos Chamber of Commerce and Industry has appealed to operators in the Oil and Gas Sector of the National economy to help in the fight against the threatening poverty situation in the country. The Chamber’s President, Dr. Herbert Ademola Ajayi, who made this call weekend in Lagos, during the Chamber’s First Quarterly Business Luncheon […]


Libyan oil sector set to boom

Libyan oil sector set to boom thumbnail

The United States’ move on Monday toward normalised relations with Opec member Libya should help the African nation in its quest to expand its crude oil production capacity, experts said. Culminating a years-long rapprochement, Washington will reopen an embassy and remove Libya from a list of state sponsors of terrorism, rewarding the longtime pariah nation […]


Asian nations drawn to Syria’s oil wealth

Asian nations drawn to Syria’s oil wealth thumbnail

Syria’s petroleum wealth, although limited by Mideast standards, is attracting the growing interest of oil-hungry Asian nations, even as some American oil majors pull out to minimize their investment risks Oil production is a vital component of the Syrian economy, generating almost 70 percent of its export revenues. But output has been in decline for […]


70% of small firms hurt by rising oil prices, METI says

70% of small firms hurt by rising oil prices, METI says thumbnail

A hastily arranged government survey has found that 71.4 percent of about 1,500 small businesses have seen their earnings hurt by soaring oil prices, up from 65.6 percent in January, the Ministry of Economy, Trade and Industry said Tuesday. The percentage of companies that see a “serious impact” on their earnings reached 24.8 percent in […]


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