Incentives for saving the planet starting to fade

WORTHINESS aside, the incentives for motorists to Times Online

Flying a sin says Bishop

Flying abroad for a foreign holiday is “a sin” against the planet, one of the country’s leading bishops has declared. Like murder, adultery and stealing, choosing to travel on jet planes has moral consequences, according to the Bishop of London because flights are doing too much damage to the environment. In a highly controversial statement, […]

Jay Hanson and Dieoff.org

There are many layers of the Peak Oil onion. One man who has peeled away most of them, largely out of the public eye, is Jay Hanson. Jay is the quintessential Peak Oil  autodidact. After a successful career in engineering, his ongoing quest for knowledge about energy, evolution and the environment culminated in a massive […]

How U.S. Homes Are Hurt by Rising Energy Prices

(Bloomberg) — Soaring energy prices have literally hit home. Although it wasn’t always true in the past, crude-oil and gasoline prices, along with higher financing costs and decreased affordability, may have pushed the U.S. housing market into a palpable decline. With crude-oil prices leaping past $77 a barrel, a conflict escalating in Lebanon, supply concerns […]

Earth dropped from NASA mission statement

WASHINGTON, July 24 (UPI) — NASA has reportedly eliminated the promise “to understand and protect our home planet” from its mission statement That statement was repeatedly cited last winter by NASA climate scientist James Hansen, who said he was being threatened by political appointees for speaking about the dangers posed by greenhouse gas emissions. But […]

Viewpoint: ‘Slow Motion’ Oil Shock

International Herald Tribune – The surge in oil prices seems to have the Middle East written all over it. Israel’s confrontation with Hezbollah in Lebanon is unnerving markets already jittery over Iraq and Iran. Africa also is thought to have a role. Declining production in Nigeria is helping to keep crude oil above $73 a […]

Oil Prices to Remain Strong in Q3 – CGES

RTE Business – Oil prices, fresh from striking records above $78 a per barrel, will remain firm in the third quarter of 2006, the Centre for Global Energy Studies said in a monthly report published today. ‘The CGES expects oil prices to remain firm or even strengthen this quarter,’ the influential research body said. With […]

OPEC July Output Seen Dn 200,000 B/D

Schlumberger – OPEC’s output is expected to fall by 200,000 barrels a day in July because of lower production from Saudi Arabia and Venezuela, a leading tanker tracker said Monday. The Organization of Petroleum Exporting Countries is expected to pump 29.9 million b/d in July, down from 30.1 million b/d in June, Geneva-based Petrologistics forecasts. […]

Lights-out looming in California

Heat wave drives usage up to record numbers, Independent System Operator may be forced to institute blackout. NEW YORK (Reuters) — If Californians do not conserve considerably on Monday, rotating outages are possible with demand forecast to reach record levels again due to the heat wave, the California Independent System Operator (ISO) said in a […]

Can vegetable-oil cars save the world?

Used restaurant cooking oil is free, clean burning and can power your vehicle. So why aren’t more people using it? NEW YORK (CNNMoney.com) — Gas is expensive. Old vegetable cooking oil from restaurants is free. A car can actually run on either. So why aren’t more people ditching petroleum and running on peanut power? “[Making […]

Will Mexico Soon Be Tapped Out?

A rapid demise of Cantarell, the country’s chief oil field, could pose a serious economic threat. Output at Mexico’s most important oil field has fallen steeply this year, raising fears that wells there that generate 60% of the country’s petroleum are in the throes of a major decline. Production at Cantarell, the world’s second-largest oil […]

Iraq ready to restart northern oil pipeline

Flow from Kirkuk has been blocked due to sabotage LONDON – Iraq has completed repairs to one of two sabotaged oil pipelines that export crude from its northern fields to Turkey and aims to restart the flow this week, Iraq Shahristani is trying to restore Iraq

U.S. gas prices hit all-time high

CAMARILLO, Calif. (AP) The price exceed the previous high of $3.0117 set in September last year, analyst Trilby Lundberg said. A gallon of mid-grade gasoline averaged around $3.12, and premium at nearly $3.22. AP

Researchers drop fuel cell bomb shell

One of the UK’s biggest funders of economic research has backed a report which claims development of fuel cells is being stifled because car manufacturers and power generators are scared of the long-term implications. According to a study funded by the Economic and Social Research Council (ESRC) research into the value of hydrogen fuel cells […]

Heatwaves and biofuel demand in Europe and US to fuel bread, pasta, beer prices

The combination of heatwaves in Europe and the US, low global grain stocks and an increase in production of biofuels has seen wheat prices rise to 10-year highs and may lead to big increases in the cost of bread and pasta. Corn and barley prices are also likely to rise, which may push up the […]

Chocolate Could Contribute to New Source of Renewable Energy

Research from the University of Birmingham in the UK suggests that by indulging in chocolate, we could be contributing to a new source of renewable energy. Hydrogen is one of the cleanest fuels available and when used to power a fuel cell, the only by-product is water. Scientists at the University’s School of Biosciences have […]

Spain leads way in renewable energy

Even as Britain, following a detailed review, mulls the need for increased nuclear capacity, Spain has the bit between its teeth as it champions renewable energy. Spain is in the EU renewables vanguard as the EU targets a 20 percent share of overall energy production by 2010, compared with a projected 3 percent for Japan. […]

Soaring oil takes us for a ride

Higher oil prices have led to a transformation in the structure of the Indian consumption basket. There are clear signs that transportation has become a more expensive item for consumers. If that’s not all, there is strong evidence that the consumer spends on transportation could be reducing the share of consumption on other goods as […]

Iran says LNG supply agreement with India in trouble

India’s $20 billion (Dh73.56 billion) deal to buy liquefied natural gas, or LNG, from Iran over 25 years has run into trouble, Iran’s foreign minister was quoted as saying yesterday. Separately, negotiations have reached a deadlock on another ambitious deal to build an India-Iran gas pipeline through Pakistan. The two projects were billed as crucial […]

Discontent clouds Angola’s oil boom

An oil-driven economic boom has made Angola the toast of the town in boardrooms from Houston to Beijing. But on the outskirts of the African nation’s bustling capital of Luanda, the talk is not of a more prosperous future but rather of a stolen one.Led by a collection of reformed Marxists and Western-leaning technocrats, Angola’s […]

Oil-Price Shock May Strike World Economy at Vulnerable Moment

Oil prices that more than doubled over the last three years have left a surprisingly small imprint on the U.S. and world economies. That may be about to change. The latest jump in prices, triggered by the Israel-Hezbollah conflict in Lebanon, comes at an inopportune time for the global economy. U.S. growth is slowing and […]

Bush Told to Plan for Chavez Oil Shock

MSNBC.com – Richard Lugar, chairman of the US Senate foreign relations committee, has urged the Bush administration to adopt specific “contingency plans” for a potential disruption to oil supplies from Venezuela. In a letter sent to Condoleezza Rice, secretary of state, last Friday, a copy of which has been obtained by the Financial Times, Mr […]

Grain Drain: Get Ready for Peak Grain

Infoshop News – Brace yourself for crises at the cash register. Major price hikes for food are coming, as Peak Grains join the lineup of life-changing events such as Peak Oil and Peak Water. Unless this year’s harvest is unexpectedly different from six out of the last seven, the world’s ever-decreasing number of farmers will […]

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The Observer – The Observer

Saudi Chief: High Oil Prices Unwanted

(Reuters) — Top world oil exporter Saudi Arabia said on Sunday that OPEC producers want to avoid high oil prices that may harm global economic growth. “OPEC-member states want stability in world oil markets and seek to avoid fluctuations in oil prices or a rise in prices to levels that would affect the global economy, […]

“Peak Oil” and should gas prices be higher?

The days of “Peak Oil” draw nigh As Caltech Vice Provost and Professor of Physics David Goodstein points out in the video interview below, the day is not far off when global oil production will peak, signaling the “end of the age of oil” and intensifying any number of dire consequences, some of which might […]

Refineries: The Achilles’ heel of US oil industry

NEW YORK (AFP) – Despite record profits, US oil majors have built no new refineries on American soil for 30 years, raising the country’s dependence on foreign supplies and making it vulnerable to even small accidents and bad weather. Standing in Garyville, Louisiana, the Marathon Oil refinery is the most recently built refinery in the […]

The war against the car will never succeed

The other day, as I drove to my exercise class (yes, yes, I know there’s a contradiction there), people on the radio were telling me to take the TTC. There was a smog alert, and I was contributing to the problem. But it’s next to impossible to get to my class by bus, so I […]

Oil wealth causes angst for Norway

The Saudi Arabia of the north is struggling to work out what to do with the $1billion it earns each week. Should new reserves be left untapped or its citizens made even richer? The US Geological Survey estimates that a quarter of the world’s undiscovered oil reserves lie below the Barents Sea, around the Lofoten […]

Should developing nations embrace nuclear energy?

Underlying the whole nuclear debate, even in the civilian domain, is a concern that those promoting nuclear energy for the developing world are doing so primarily for their own economic and political reasons, rather than a genuine commitment to meet the needs of developing country as those countries perceive them. As long as nuclear power […]

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