An Open Letter to Greg Palast

by Richard Heinberg Dear Greg, Congratulations on your new book, Armed Madhouse. As with your previous work, I admire your dedication in exposing the machinations of government and corporate miscreants. However, this time around you First let me make clear where I

Global Tensions Threaten to Drive Oil Price Beyond $US80

Sydney Morning Herald – MOUNTING tensions over Iran’s nuclear program, North Korea’s missile testing and the onset of the hurricane season in the Gulf of Mexico may propel oil prices to an unprecedented $US90 a barrel before the end of the year. Crude oil for August delivery soared to a record $US75.40 on the New […]

Florida in cross hairs of US hunt for oil

FORT LAUDERDALE, FLA. – Less than 50 miles from Key West, below the waters of the North Cuban Basin, are potentially billions of barrels of oil and trillions of cubic feet of natural gas. It’s an opportunity Cuba can’t pass up. So late last year, Fidel Castro’s government started contracting out 59 lots in Cuban […]

What’s more likely – stagflation or depression?

Is this a re-run of the The downfall of communism is an interesting item. We pressured Russia and China and other places to “do as we do” and support the freedom of capitalism. How odd is it that we are fighting more with China than ever before since they have embarked on free market policies? […]

Saudi Crude Production Falling

Apparently the story coming from the technical experts in the oil fields is very different than the story coming out of the political types in the royal family and the oil ministry. The ministry says it can boost capacity by 25% in two or three years, when there has been no ability to increase it […]

Hit with rising gas prices, boaters are scaling back on trips

With gas at $4 a gallon, some yacht operators head for shore From the deck of his yacht at a marina near Stillwater, Ernie Reimann looked across the rippling St. Croix River to the green bluffs of Wisconsin. With gas prices for boats averaging $4 a gallon, he’s driving his yacht less and admiring the […]

Drying up of oil could mean sticky problems

The world is at its “peak oil” production, some say, and it’s time to think of running an economy on what’s left. In the category of worrisome developments — probably sometime between avian flu and an asteroid striking the planet — will be the energy turning point futurists are calling “peak oil.” That is when […]

Non Peak Oil

The concept of Peak Oil indicates we are running out of this precious resource and that the future may be grave if dramatic action is not forthcoming by the powers that be. If you doubt me ask Al Gore or read any of his eco-gibberish. The President has invaded a sovereign country, Iraq, in order […]

Oil will soar to well over $100, stay high: Rogers

LONDON (Reuters) – Oil prices will soar to well over $100 a barrel and stay high as part of a sustained commodities bull run that has another 15 years to run, U.S. celebrity investor Jim Rogers told Reuters in an interview. One factor that could bring down the price would be a bird flu epidemic, […]

Fort Worth’s New Noisy Neighbors: Gas Derricks

Sitting atop a massive natural gas supply, the city is issuing permits for wells in residential areas. Some folks know the drill all too well. FORT WORTH Fort Worth sits atop a massive, gas-dense layer of black rock called the Barnett Shale, and the rush to tap into it is on

Gunmen kidnap guard at Nigerian oil rig

LAGOS, Nigeria – Gunmen raided an offshore rig in Nigeria’s southern oil region and seized a security guard, the Nigerian navy said Thursday. The armed men arrived in several speed boats and forced their way onto a rig drilling for Nigerian company Consolidated Oil on Wednesday afternoon, navy spokesman Captain Obiora Medani said. They seized […]

Pinched small businesses resort to higher prices

…Pet shop owner Ruth Hanessian has grown accustomed to paying fuel surcharges tacked on to invoices by suppliers of pet food and pet-care books. She responded by boosting prices on a few items at her Animal Exchange store in Rockville, Md. But now Hanessian is planning an across-the-board price increase of about 10% And her […]

Kenya: Biofuel Offers New Hope For Cane Farmers

Changing trends in global sugar production and energy supply have created an urgent need for the industry in Kenya to diversify. “The sugar industry suffers heavy indebtedness, gross under-capitalisation, inefficiencies in both the field and factory processes and high production costs,” said Peter Kegode, a sugar industry and ethanol specialist and chairman of Sugar Campaign […]

Cracks in nuclear reactor cores put UK energy at risk

Nuclear inspectors have raised questions about the safety of Britain’s ageing atomic power stations, some of which have developed big cracks in their reactor cores, documents have revealed. Safety assessments by government inspectors obtained under freedom-of-information legislation show Britain’s Nuclear Safety Directorate has issued warnings over the deterioration of reactor cores at Hinkley Point B […]

Increase in palm oil production may lead to price reduction

Thailand’s food makers could enjoy lower palm oil prices this year, with domestic production expected to increase by around a third. The country’s production had been significantly depressed during 2004-2005 owing to drought but with an extra 100,000 -200,000 hectares to be planted with oil palms this year and next year, and better weather boosting […]

Israel Presses for Oil From Shale

With oil prices hovering around $70 a barrel, Israel is looking for ways to reduce its near-total dependence on energy imports. It’s pondering the use of the nation’s huge reserves of oil shale—a dark, crumbly rock loaded with hydrocarbons—located in the central and southern parts of the country. Thanks to a technical breakthrough, it should […]

Russia seen eager for energy security accord at G-8 summit

An agreement on the key topic of energy security at this year’’s Group of Eight summit in St. Petersburg, Russia, has been seen as doomed by the diverging attitudes of member states. But Russia, apparently intent on ensuring a successful summit in its unfamiliar role as chair of the high-profile event, is now showing signs […]

Exxon, BP, Shell Gaze At Indian Gas Fields Stake

Thirteen oil companies, including Exxon Mobil, Royal Dutch Shell, BP Plc., BG Group and Total tendered a preliminary offer to buy a stake in one of the India’s biggest gas field. It is understood expressions of interests have been received from companies who have the expertise in deepwater drilling, according to media reports. tradingmarkets

Exxon beats Shell, Total in race for Mideast oil

ExxonMobil Corp, the world gulf-times

Francis Boyle: Oil, Dollar Hegemony and Islam

It’s a very serious situation. And this could even get further out of control. Remember that before Bush invaded Iraq, President Putin of Russia said that if he invades Iraq he could set off World War Three. Well, I interpreted that as an implicit threat. Even the famous American news broadcaster Walter Cronkite said that […]

The China card

The most significant of the condemnations came from Beijing. China said that it was timesonline

Nation ‘addicted’ to oil struggles to change

The White House has promised aggressive initiatives in alternative fuels, more efficient technologies and fresh exploration for conventional energy. But it has shied away from any measures that might significantly reduce energy consumption in the short term. “The Bush administration very much reflects the free market ideology on fuel, which is that the government does […]

China, Russia benefit from energy co-operation

Chino-Russian energy co-operation entered a new phase during Russian President Vladimir Putin’s visit to China in March. During his trip, a package of agreements and protocols on energy co-operation were signed. In addition, the China-Russia joint communiqu defined the two countries’ energy co-operation as a vital aspect of their strategic co-operative partnership. There are a […]

Saudi Aramco sees rig fleet at 121 by year end

Saudi Arabia has nearly doubled its drilling rig fleet to 100 and aims to have 121 rigs by the end of the year as the world’s top oil exporter moves to boost its crude and gas output capacity, Aramco said yesterday. It plans to complete by June 2007 its Khursaniyah project to add 500,000 bpd […]

Rising Levels of Carbon Dioxide Threat to Marine Organisms

A new report finds that worldwide emissions of carbon dioxide from the combustion of fossil fuels are dramatically altering ocean chemistry and threatening marine organisms greencarcongress

Ballard to Develop Fuel-Cell Vehicles for China

Ballard Power Systems has signed a Memorandum of Understanding (MOU) and fuel cell supply agreement with Shanghai Fuel Cell Vehicle Powertrain Co., Ltd. (Powertrain) to cooperate on the development of fuel cell vehicles for demonstration and field trial programs planned in China in 2006 and 2007. greencarcongress

Peak Oil and Politics

In conclusion, Peak Oil cannot be solved without true democracy, since only the majority of the citizens have an interest in changing the status-quo; in fact, the majority of people have no special interest at all, aside from taking what they themselves have built. The problem is that Democracy, like sustainability, is impossible under the […]

Are You a Global Warming Skeptic? Part IV

When climatologists run the fingerprinting analysis for different historical epochs, they find that temperature fluctuations prior to the Industrial Revolution were driven primarily by solar and volcanic forcings. In the early 20th century, natural and anthropogenic forcings seem to contribute equally. From midcentury onwards, greenhouse gases rule. sciam

Kim’s missiles send fuel prices rocketing

Sydney should brace itself for near-record petrol prices next week, with an oil industry executive warning unleaded fuel could hit 149 cents a litre. Tensions over North Korea’s missile tests would drive up the price of petrol, general manager of oil industry consultants FUELtrac Geoff Trotter said. Today’s highest unleaded petrol price in Sydney was […]

Grain Production Dropping; Fuel Thefts Rising

The Rock River Times – …And, while farmers battle water shortages and global warming, those are not the only problems they face. It has not been widely reported, but globally farms are being affected by weakening The Rock River Times

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