And finally . . . Oil spike teaches O’Leary a hard lesson in hedging

IT wasn The soaring cost of jet fuel is mostly to blame. If the price had remained static last year, Ryanair

Hawaii drivers could have saved 10 cents per gallon

In the month since the state’s wholesale gasoline price cap law was suspended, Gloria Snyder hasn’t noticed much change in the price of gas. “I think it’s still about the same — gas prices are still high,” the 61-year-old Aliamanu resident said as she recently put $52 worth of midgrade gas into her Isuzu sport […]

Damn the energy crisis; full speed ahead

You might say Rick Perry and Tom Craddick embody that Top Gun persona. They have the need House Speaker Craddick has such a thing for acceleration that as a state representative in the Republican minority in 1991, he proposed that the state reduce the fine for speeding to $5. He proposed further that the state […]

Food, energy woes can change people’s ideas of community

In her first monthly column on these pages, Jennifer Wilkins made it clear how our food system is joined at the hip with our energy crisis. As she characterized it, “Today’s food system is ‘a real Hummer,’ ” because of the large amount of fossil fuel consumed in packaging, fertilizers and transport that goes into […]

Houston at height of power

Amid soaring gas prices and demand for energy, Texas city is crowned the next boom economy HOUSTON – Not so long ago, a technology boom boosted dozens of Silicon Valley companies and sent them scrambling for employees. Now, as memories of that local bonanza fade, the northwest shore of the Gulf of Mexico is seeing […]

Has Oil Peaked?

NOT YET: We have at least 30 more years to find alternatives to petroleum, says science writer RONALD BAILEY The Princeton geologist Ken Deffeyes warns that the imminent peak of global oil production will result in “war, famine, pestilence and death.” Mr. Deffeyes, author of 2001’s Hubbert’s Peak: The Impending World Oil Shortage and 2005’s […]

Question of how much oil is left lingers in industry

Houston, a city built on cheap oil but now thriving on expensive energy, offers an interesting backdrop for the debate about whether after a century of growth global oil production is nearing a “peak” or has even begun an irreversible decline. Many prominent energy analysts reject the peak oil thesis. Current data on reserves, investment […]

Blair and Chirac seal nuclear deal

Britain and France created a body on Friday to share civil nuclear expertise, suggesting the Government is moving towards the nuclear option to solve long-term energy needs. Tony Blair said after a summit with the French President, Jacques Chirac: “I’m aware [that nuclear energy] is a very controversial issue. I think, of course, there should […]

Thai imports, consumption of oil down in first five months

Crude oil imports and local consumption of oil products dropped significantly between January and May of this year, a senior Thai official said today. Viraphol Jirapraditkul, deputy director general of Energy Policy and Planning Office, said the consumption of diesel during the first five months of 2006 declined 8.9 per cent from the corresponding period […]

Brazil working hard for “energy independence”

Brazilian President Luiz Inacio Lula da Silva inaugurated Saturday the lay out of a gas pipeline that will connect the southeast with the northeast of the country, in another step to ensure energy independence. “This gas pipeline is the answer. We do not want to be dependent either on Bolivia or United States” Lula said […]

German minister: Nukes are Pandora’s box

If the G8 countries push nuclear energy as the way to economic sustainably, they will also be giving other countries the ability to develop nuclear bombs, Sigmar Gabriel, the German federal minister for environment, nature conservation and nuclear safety, told the The Jerusalem Post in an interview over the weekend. “The problem with nuclear energy […]

Energy Policy Without the Fear Factor

Fear fosters illusion often manifested as public policy. Consider the matter of U.S. Corporate Average Fuel Economy (CAFE), implemented in 1975 to force car companies to produce more fuel-efficient cars and trucks without requiring consumers to buy them, or to do anything else in the interest of energy conservation. CAFE has not reduced one drop […]

New York Mercantile Exchange Goes Electronic on Globex

In a previous report, we had mentioned that the New York Mercantile Exchange would have full-sized, side-by-side electronic futures contracts that trade on Globex, the electronic arm of the Chicago Mercantile Exchange. The move seems timely now that Russia has created an oil bourse that trades oil in rubles, and Iran has threatened to create […]

Sustainable energy vital for Yangtze River Delta

A place that occupies less than 1 per cent of China’s land, yet contributes almost 20 per cent of its GDP, is no doubt a powerhouse driving the world’s fastest-growing major economy. The Yangtze River Delta (YRD), with the commercial hub of Shanghai at its centre, is developing at such an amazing pace that it […]

Michelin Survey on Sustainable Mobility

Michelin created the Challenge Bibendum in 1998 greencarcongress

G-8 Ministers Warn High Energy Prices Threaten Global Economy

Group of Eight finance ministers meeting in Russia say world economic growth continues, but they warned it is threatened by soaring costs for oil and gas. The ministers met in Russia’s second city of St. Petersburg, where the G-8 summit will be held next month. The G-8 ministers called for a coordinated response to high […]

The G forces of energy insecurity

The next six to twelve months should see the maintenance of high oil prices energybulletin

Worldwatch: Biofuels poised to replace oil

Biofuels such as ethanol and biodiesel can significantly reduce global dependence on oil, according to a new report by the Worldwatch Institute, released in collaboration with the German Agencies for Technical Cooperation (GTZ) and Renewable Resources (FNR). energybulletin

Renewable energy target to be doubled

A Green Paper to be submitted to cabinet shortly by Minister for Communications, Marine and Natural Resources, Noel Dempsey, is expected to outline proposals to reduce Ireland’s dependence on fossil fuels, such as oil and gas. The current target for the amount of energy to be derived from renewable sources is 13.2 per cent. There […]

Energize America presentation

will be posting the full presentation of Energize America in the next few days, in several instalments. We will also post diaries on how we intend to move the plan forward – and how you can help. Today, the first part of the presentation, which is an overview of the energy situation. Both the plan […]

Hythane(TM) Receives Global Impact Award

The Denver-based Hythane Company, which produces a patented blend of natural gas and hydrogen, received the 2006 CSIA Apex award for Best Use of Technology for a Global Impact. The award, sponsored by Colorado’s Technology Association, is a testimonial to Hythane Company’s dedication to bridging the gap between the fossil-fueled present and the hydrogen future. […]

RAPID EXPANSION IN SOLAR CELL INDUSTRY EXPECTED IN COMING YEARS

The production capacity of the global solar cell industry has increased rapidly since 2000, and the total annual output is estimated to reach 2.82 gigawatts in 2010, with a value of US$4.23 billion, according to a report released by the Industrial Technology Research Institute (ITRI) Saturday. An official of the ITRI said that as the […]

Japan to give China, Asia coal liquefaction technology

Japan plans to provide Asian nations, particularly China, with the technology to liquefy coal as part of a broader effort to reduce global dependence on crude oil, a report said on Saturday. In coal liquefaction, petroleum fuels such as gasoline and kerosene are produced from powdered coal by applying heat and pressure. khaleejtimes

If Blair can’t save the world for us, then business will

The world’s gone upside down. First, there’s David Cameron championing the public sector ethos and suggesting there’s more to politics than economic growth; then last week 14 of the UK’s corporate great and good, including establishment firms such as Shell, Tesco, B&Q and Standard Chartered Bank, trooped along to Downing Street to lobby the government […]

DOE 2006 Hydrogen Merit Review

Last month, the DOE held its 2006 Hydrogen Program Annual Merit Review, with principal investigators presenting the status and results of the approximately 250 hydrogen and fuel cell projects funded by the DOE. Progress is being made on many fronts, all of which were represented in the various sessions of the review: production; delivery; storage; […]

$100 to fill up family car – Australia

Sydney Morning Herald – THE cost of filling the average family sedan yesterday topped $100 as motorists braced for a new charge being levied by service stations. With the average Sydney price for fuel hitting 139.1 cents a litre, the Service Station Association revealed operators in NSW had begun charging a fee as high as […]

Moscow May Face Shortage of Electricity Next Winter – Luzhkov

(Itar-Tass) — The shortage of electricity in Moscow next winter may reach 25-30 percent, Moscow Mayor Yuri Luzhkov said on Saturday. Itar-Tass

Estimates of Ontario’s Electricity Reserves ‘Miscalculated’: Sources

Canada.com – Ontario will have much less electricity available this summer than previously thought and will have to continue using its smog-contributing coal plants longer than expected because the province’s power system monitor “miscalculated” its forecasts, sources said Thursday. The errors by the Independent Electricity System Operator will likely force the government to keep at […]

“Not Your Parents’ Energy Crisis”

Thomas L. Friedman on his new movie, Big Oil, Zarqawi’s death and comparing General Motors to a crack dealer. Thomas L. Friedman is known to most as a Pulitzer Prize-winning New York Times reporter-turned-columnist and author of several best-selling books. But he

Fuel prices driving up fares, surcharges

United Airlines has increased fares $5 to $10 each way on most domestic flights in response to record fuel prices, a spokeswoman said Friday. The changes went into effect immediately, but will not affect tickets already purchased, said Robin Urbanski. United also added a $10 fuel surcharge on trans-Atlantic flights, matching a move made this […]

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