GM’s Hummer H1 reaches end of the road

DETROIT (Reuters) – General Motors Corp. said on Friday it will stop building the gas-guzzling Hummer H1 truck, a military-style status symbol with poor sales, and focus its resources instead on better-selling vehicles. The last H1s, which get about 10 miles per gallon, will roll out in June, the automaker said. The H1 is the […]

Ethanol demand boosts corn prices

Escalating demand for bio-fuel seen a boon for farmers WASHINGTON – Escalating demand for ethanol will push corn prices higher this year, the Agriculture Department said Friday. The amount of corn used to make ethanol should increase by 34 percent over last year’s use to 2.15 billion bushels, the department said in its monthly crop […]

Peak Oil is Not About the Oil

…There is something that is very important for people to get their heads around. Peak oil is not about the oil, not about gasoline and diesel and heating oil and jet fuel. It’s not about cars, SUVs, vans, trucks, busses, trains, planes or ships. Peak oil is about food and our progressive inability, after we […]

Electricity and energy needs of poor emerge as priority issue

The United Nations Commission on Sustainable Development today in New York concluded a two-week review of ways to help the 1.6 billion people who presently lack access to electricity, including through the development of new technologies, market incentives and cooperation among developing countries…While there was considerable concern about the price of oil, there was also […]

Energy emerges as issue for Mexican candidates

Energy reform is rarely if ever a topic of debate in Mexican presidential campaigns. But this year, rising electricity and natural gas prices, as well as warnings that the petroleum-rich nation could one day be a net oil importer without more investment, have all three major candidates talking energy.Houston Chronicle

Bolivia Dominates EU-Latin American Summit

Bolivia’s recent decision to nationalize its natural gas sector — and a burgeoning rift with Brazil over the abrupt move — overshadowed a summit Friday that drew leaders from the European Union, Latin America and the Caribbean…At the close of the summit, Morales said he would hold a “very important” meeting with Brazilian President Luiz […]

Rising oil prices raises vegetarian profile in Phichit

Rising fuel prices in Thailand have led to increased numbers of people in this northern province to change their diets, as the public switch to eating vegetarian fare, instead of more expensive meat and seafood. According to Adul Srisuthep, a committee member of the Phichit Vegetarian Foundation, the market prices of meat and seafood in […]

China’s April oil imports drop

China’s imports of crude oil slipped for the first time this year in April, official data showed on Friday, with a 1.8 percent fall from a year earlier that may dent hopes of firmer demand growth. Refinery losses and anticipation of government economic tightening were likely partly responsible for the turnaround, analysts said, but imports […]

Oil at $100?

Exactly a year after Goldman Sachs alarmed the markets with its forecast of a super spike in oil prices to above $100 per barrel, more analysts and investment banks have come out with similar forecasts. If the Goldman report was almost dismissed by independent analysts, this time around there are more takers for such alarmist […]

Chavez Claims State Control of Key Oil Projects

Venezuelan President Hugo Chavez claimed “total control” of four oil ventures run by foreign companies — a move that would threaten investments in those projects by U.S. oil giants Chevron Corp., ConocoPhillips, Exxon Mobil Corp. and others. “We have fixed it already,” Chavez told reporters Friday at a meeting of European Union and South American […]

Politicians Avoid Serious Planning For The Future

While some American politicians have paid lip-service to preparation for the future from time to time, most continue to concentrate on short-term self-interested aims despite major fiscal and energy concerns affecting the nation. Rather than enforcing serious measures to conserve energy, politicians and much of the media are busily promoting ethanol fuel, as if it […]

Petroleum powers gain in April import prices

Prices of goods imported into the U.S. rose 2.1% in April, powered by an 11.5% increase in the price of imported petroleum, the Labor Department said Friday. The spike in the price of imported petroleum was the largest since March 2005. Last month, petroleum import prices rose a revised 0.5%. Market Watch

A side door to Russia’s oil fields

With innovations from satellite Internet, Web-camera monitoring of remote fields and drill bits that can turn corners underground, Russia is gradually modernizing its energy machine. Oil field technology is a multibillion-dollar business in the country. And if Western companies have it, and the Russians need it, technology could become a key to unlock the shackles […]

Solutions to Energy Problems Loom Large When Nobel Laureates Gather

Leading scientists now believe the world instrumentationews

Novel energy options

The goal was to produce biodiesel on a large scale with least use of arable land. Michael Briggs of the University of New Hampshire, has published a study titled, goodnewsindia

The best choice for clean transportation, combine them

We are beginning to have a lot of cleaner choices for transportation. From the best of working from home, bio-fuels, public transportation to high tech lithium batteries. The best choice is to combine 2 or more of these ideas into each choice. A hybrid running on E85 more than twice as good as either one […]

190 nations seek to bridge policy gaps on climate

About 190 nations meet in Germany next week to try to bridge vast policy gaps between the United States and its main allies over how to combat climate change amid growing evidence that the world is warming. The May 15-16 “dialogue” will involve around 40 rich nations which are capping emissions of heat-trapping gases under […]

British inventor claims to have made world’s most fuel efficient car

A British inventor unveiled a car he claims is the world’s most fuel efficient — capable of doing 8,000 miles (12,875 km) to the gallon (4.5 litres). Andy Green, 45, spent just 2,000 pounds (2,925 euros or 3,732 US dollars) over two years creating the three-wheeled contraption in his spare time. The car, named “TeamGreen,” […]

Texas Grants Lease for Gulf of Mexico Wind Project

Texas is now in a position to launch the first U.S. offshore wind project with its announcement of a lease agreement for a wind farm in the Gulf of Mexico. This is the second such lease granted by Texas for an offshore project and follows a similar announcement in October 2005. The multi-million dollar agreement […]

Gold to hit $1,000 mark; Oil likely to strike $100

The gold will continue to glitter by year-end, as its prices are likely to hit $1,000 per ounce from $704 level, while prices of black gold khaleejtimes

Shell’s Sustainability Report

Shell published their 2005 sustainability report this week, proving that if nothing else, they talk the talk (for a company wanting to make profits off of energy). This is what Jeroen van der Veer (Shell’s CEO) has to say: I genuinely believe the world can meet the challenge with the right combination of technology, investment, […]

The cost of electricity generation

PB Power has published its report ‘Powering the nation’ giving an overview of the cost of various electricity generation technologies. The cost of carbon are included, but from a business perspective, i.e. the costs resulting from the obligations of generators under the emission trading scheme. This is not the full environmental cost, since electricity generators […]

Gas Prices Tumble to Near One-Year Low

WASHINGTON (AP) — Natural gas futures declined to their lowest level in almost a year on Friday amid soaring inventories of the mostly domestic fuel used to heat homes and produce electricity. Analysts said the price of natural gas could fall even further in the months ahead, given relatively weak demand and expectations of rising […]

The Russian Bear Is Back – And This Time It’s Gas-Powered

The Guardian – In the Kremlin on Thursday a little-known but powerful Russian official held court for the first time before foreign journalists with a very simple message: Russia is great and getting greater by the week. Sergei Sobyanin, a former governor of the oil-rich region of Tyumen, chief of staff to President Vladimir Putin, […]

Ethanol Boosts Corn Production by 34 Pct.

WASHINGTON – As demand for ethanol zooms higher, Kansas corn farmer Ken McCauley expects higher prices for his crop. “That’s kind of the story across the country,” said McCauley, who grows corn and soybeans in northeast Kansas. “There’s a lot more buyers out there because of these ethanol plants and other ways to use the […]

Oil Price Surge Wreaks Havoc on Transport, Farm Sectors (Thailand)

Bangkok Post News – The oil price surge continues to take its toll as thousands of truck drivers have been forced to stop transporting goods while northeastern farmers may need to return to using traditional farming methods to plough their paddy. ”Over 2,000 trucks have already stopped running because there have been no orders,” said […]

Consumer mood buckles under high gas prices

CHICAGO (Reuters) – Consumer optimism in the United States buckled in May to its lowest since Hurricane Katrina, a survey showed on Friday, hit by $3 per gallon gasoline, rising mortgage interest rates and a souring political climate. Earlier, the government offered some positive news on the economy as the U.S. trade deficit narrowed unexpectedly […]

Oil Prices Vulnerable as Hurricane Season Nears

HOUSTON, May 12 (Reuters) – Worldwide oil supplies may be even more vulnerable to disruption as the 2006 hurricane season approaches than they were before Katrina and Rita shut down nearly 25 percent of U.S. oil and gas production and 15 refineries in coastal states last year. “We’re still living in a disrupted world,” said […]

Democrats push ethanol growth

House Democrats said yesterday that the answer to the fuel crisis is growing in the fields of rural America, and they introduced bills to expand production of ethanol. “We can grow new energy here at home from American farms to American families,” said Rep. Stephanie Herseth, South Dakota Democrat. Democrats on the Rural Working Group […]

A Sure Cure for Oil Addiction

MSN Money – In President BushMSN Money

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