Airlines may be nearing ceiling on fares

Industry faces issue of whether consumers will pay to cover fuel costs NEW YORK – Slowing growth has led analysts to question whether airlines are going to be able to continue to raise fares to offset higher oil prices. The busy summer travel season is in full swing, and several U.S. airlines said this week […]

Do high oil prices burn you up?

In the past, I have talked about the fact that whether you are happy with a situation or not depends on how you look at it. Take, for instance, low interest rates on GICs. If you lend your money to the bank, you are very unhappy with low GIC rates. On the other hand, if […]

Antarctica Under Siege

Icy Continent Faces Threats From Countries Vying For Oil And Other Minerals At the bottom of the world, more than two miles beneath the wind-blasted surface of Antarctica, sits a wonder of the last untouched continent. Locked deep in the Antarctic ice is Lake Vostok, the seventh-largest body of fresh water in the world, yet […]

Methane Burps and Heat Waves: Global Warming Made Visible

Whatever climate scientists may currently disagree about (and good scientists are always disagreeing about something) virtually all of them have long since agreed that human activity — burning fossil fuels — has been making the global temperature go up. And now they have two very sobering, visual ways to explain how. The first is in […]

Angola: Plenty of Oil, a Forgotten War And New Hope

The tiny Cabinda enclave accounts for close to 65 per cent of Angola’s oil, amounting to more than 80 per cent of the country’s revenues. But the province, which has fought for three decades to secede, remains one of the poorest in Angola. An agreement signed this week could determine its destiny Without Cabinda, Angola […]

Sleepy sultanate prepares for rude awakening after oil

The sultan with the largest palace in the world – 1788 rooms – has flagged the beginning of the end of the good times, recently asking his loyal subjects to tighten their belts a notch. Then he gave civil servants a pay rise and sat down to dinner with 4000 of his closest friends to […]

Afghan Capital Faces Energy Crunch

Afghanistan’s capital, Kabul, faces a crippling energy shortage with basic electricity only available six hours a day. Officials say demand is soaring, but international support for the city’s energy needs is being cut and widespread power outages are expected throughout the coming winter.Voice of America

Greece to use 20% alternative energy sources by 2008

At least 20 percent of Greece’s energy requirements will be covered by sources other than oil by the year 2008, Deputy Development Minister Anastasios Nerantzis stated in Hania on Friday. “By 2008, in accordance with Community commitments we have undertaken and by government choice, at least 20 percent of the energy needed by the country […]

Shell warns of increases in oil prices

Consumers should brace for more oil price increases this month as petroleum players still have a substantial under recoveries that they have to collect this month. Ed Chua, president of the Pilipinas Shell Petroleum Corp. (PSPC), disclosed that Shell alone has an underrecovery of about P1 a liter in diesel, gasoline and kerosene, meriting at […]

Japan: Ministry relaxes wind power rules

The Environment Ministry has decided to ease restrictions on wind power generation within national parks and promote clean energy supplies in an effort to combat global warming, government officials said Friday. To date, the ministry has given permission for a limited number of wind power projects inside national parks, but has applied strict regulatory criteria […]

Kenya: Economic Growth Puts Pressure On Electricity Output

Kenya’s electricity consumption has hit historical highs due to higher economic growth and an extremely cold spell.“The current demand leaves a reserve margin of barely 100 MW of installed capacity,” Kenya Electricity Generating Company (KenGen) said in a statement. Reserve margin is what is left before all the capacity is used.All Africa

Tradable Energy Quotas (TEQs)

Looking forward it is clear that the business-as-usual energy policy is “not fit for purpose”. The current system is proving itself inadequate when faced with twin challenges of fossil fuel depletion and climate change. The energy markets are likely to respond to future shortages with profiteering, grossly inequitable allocation and globally destabilising financial flows. A […]

Stunning news: OPEC is beginning to fear biofuels

Interesting, fascinating and even stunning news for those who have heard of the simple, yet elegant First Law of Petropolitics. According to Inside Fuels and Vehicles, a report from the Organization of Petroleum Exporting Countries (OPEC) shows that a ‘most likely’ long-term scenario for its future as a cartel is based on alternative fuels entirely […]

Middle East at a Crossroads – Richard Heinberg

EnergyBulletin.net – At the fifth annual conference of ASPO (the Association for the Study of Peak Oil), held in July in Pisa, Italy, there were many excellent presentations, one of which I will report on at some length below. But the timing of the conference proved ominous. During two weeks of travel in Italy I […]

Interview with Michael Armstrong, Staff of the Portland Peak Oil Task Force

Etopia Media – Michael Armstrong is the Operations Manager of the City of Portland’s Office of Sustainable Development (OSD) (Dan Saltzman, Commissioner; Susan Anderson, Director). He’s also staff to the recently-appointed and groundbreaking Portland Peak Oil Task Force. The Peak Oil/Global Warming Channel spoke this morning with Mr. Armstrong about the Portland Peak Oil Task […]

Total Says Oil Sands Project Revised, Not Delayed

(Reuters) – French oil major Total SA has revised plans for its $9 billion Canadian oil sands project, but a senior executive stressed on Friday that did not constitute a big delay due to an overheated construction environment. Total, operator of the Joslyn oil sands project in Alberta, expects its mining portion to start producing […]

Price of Gasoline Here Vaults to Record $3.19 (Madison, WI)

The Capital Times (Madison, WI) – Madison’s Morey Burnard admits the 15-cent jump in gasoline pump prices to a record $3.19 a gallon here caught him by surprise. “How come it always happens when I need gas?” Burnard said this morning after putting $25 worth of fuel – about 7 gallons – in his older […]

Simplicity and resourcefulness pick up the slack in our lower energy future

How will we manage on much less energy when it soon becomes too expensive? Our correspondent, Dan Crawford, joins a work group abroad to get some hands-on experience The Republic

SI Journalism unveiled at influential open source conference

The issue of Peak Oil is one such example where the web has been instrumental in sweeping a relatively obscure topic out from under the carpet and into the pages of newspapers, the open airwaves of broadcast media, and even the stoic floors of political institutions. read more at The Republic

Portland Peak Oil Task Force staffer talks about its plans

The Peak Oil/Global Warming Channel interviewed Portland Peak Oil Task Force staffer and Portland Office of Sustainable Development Operations Manager Michael Armstrong this morning. He talked about the origins, operations, and plans of the group.You can access the Peak Oil/Global Warming Channel Brightcove Player containing this interview at:  http://etopiamedia.net/empnn/pages/cpt-emnn/cpt-emnn617-5551212.html  You can syndicate this interview and […]

Peak Oil Passnotes: A Peak Oil Critique

Resource Investor – We all believe in peak oil. Everyone believes in peak oil. Yes, apart from the whacko brigade that say oil reservoirs fill up again due to abiosis. Sensible people can stop giggling now please. Abiotic oil is sheer lunacy. So, everyone believes in peak oil. Yes, even Daniel Yergin and his band […]

Weldon and Others Meet to Discuss Alternative Forms of Energy

The Evening Bulletin – Congressmen and international officials met Thursday to discuss alternatives forms of energy to help curb the United States and the world’s reliance on oil as a main form of energy. Congressmen Curt Weldon and Roscoe Bartlett along with Brazil’s minister of the environment, Carlos Alfredo Lazary Teixeira and others spoke on […]

Lebanon Oil Spill Threatens Eastern Mediterranean Coasts

(Bloomberg) — An oil spill seeping from a Lebanese power station that was bombed by Israeli jets threatens to pollute countries in the eastern Mediterranean such as Cyprus and Turkey, Lebanon’s environment minister said in Beirut. “As soon as we had the outburst of the first spill, we thought of the potential danger that this […]

OPEC Exports +90,000 B/D in 4Wks to Aug 19 – Oil Movements

Schlumberger – Seaborne oil exports from the Organization of Petroleum Exporting Countries are expected to rise in the four weeks to Aug. 19, from the previous four weeks as demand continues to improve during the seasonally stronger third quarter, a leading tanker tracker said Thursday. The U.K.-based consultancy Oil Movements said OPEC’s shipments will rise […]

The Oil Drum: A Net Energy Parable: Why is ERoEI Important?

Besides water, energy is the most important substance for life on the planet. For most organisms energy is embodied in the food they eat, be it bugs, nuts or gazelles. The excess of energy consumed to energy expended (net energy) has been integral in the evolution of the structure and form of present day organisms. […]

Painting Is Getting Pricier

Petroleum Spikes Hit These Gallons, Too Decorators are fond of saying that the cheapest way to jazz up a room is to repaint it. But that interior design trick has been getting a bit more expensive of late. In the past couple of years, the price of paint across the board, from the least costly […]

New aircraft will temper, not tame, jet fuel demand

Jet fuel will take a growing share of global oil demand in the coming years as air traffic surges, despite the best efforts of airlines to burn less by flying bigger planes on longer routes carrying less garbage. A new breed of jumbo jet will cut per-passenger fuel demand by 15 percent, and also travel […]

Half of Sweden’s nuclear reactors shut down due to safety fears

Stockholm – The price of electricity on the joint Nordic electricity bourse rose Thursday on the news that five of Sweden’s 10 nuclear reactors were offline. Low water levels in the country’s hydroelectric dams were also a factor, analysts said, after a 2.4-percent increase on Wednesday’s average spot price on the Nord Pool that trades […]

A new way to use the sun’s energy

We hear more and more about the small – nanotechnology – that’s enabling solar power to become effective. It does so by allowing solar cells to be sprayed on like paint, inexpensively. Also, unlike conventional solar cells, the nano-solar cells will capture invisible infrared rays, enabling efficiencies in converting sunlight to electricity of up to […]

Gas Costs Eat Into Restaurant Sales

Consumers are dining out less as pump prices climb. Cheesecake Factory and Chili’s are among the chains reporting declines. Angela Pierce and husband Nicolas used to enjoy a dinner date once a week. Now the Culver City couple patronize restaurants just twice a month, thanks to gasoline prices that are more than 70 cents a […]

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