Chavez and Ahmadinejad exchange promises of mutual support

The presidents of Venezuela and Iran visited several joint ventures in Caracas Monday, during which Mahmoud Ahmadinejad denied allegations that an Iranian bicycle factory in Venezuela is a front for uranium enrichment.Venezuela is the world’s fifth largest crude oil exporter, and Iran ranks fourth. Chavez claimed that Venezuela’s oil reserves could last two centuries, but […]

China, India vulnerable to oil spikes: S&P

The economies of China and India are vulnerable to a potential oil price shock although the respective strengths and weaknesses of the countries means the impact of such a shock would vary in degree and focus. Japan, on the other hand, would fare better than most developed countries given a potential oil price shock. Three […]

Is high-flying economy heading for turbulence?

The International Herald Tribune asked the views of 30 experts around the Pacific Rim – economists, financial professionals, academics, former government officials and public health experts. What emerged was a picture of five key risks haunting the global economy in the year ahead. Volatile Oil Prices – Rising oil prices have widened the gap between […]

Fiddling While the Planet Burns

Another summer of record-breaking temperatures brought power failures, heat waves, droughts and tropical storms throughout the U.S., Europe and Asia. Only one place seemed to remain cool: the air-conditioned offices of the editorial board of the Wall Street Journal. As New York City wilted beneath them, they sat insouciant and comfortable, hurling editorials of stunning […]

Critics Call World Bank Energy Scheme Misguided

A World Bank scheme to bring electricity to the world’s poor is short-sighted and won’t curb climate change or help the people it’s aimed at, environmental groups said on Sunday. The Bank released a progress report on Sunday looking at ways to fund cleaner energy projects in some of the world’s poorest regions and drive […]

IMF warns global growth may be peaking

Global economic growth is at risk of peaking because of high oil prices and rising protectionist sentiment, warned Rodrigo de Rato, the International Monetary Fund’s managing director, on Tuesday. “The global growth cycle may be close to its peak,” Mr de Rato said in his opening statement at the joint IMF and World Bank plenary […]

Farmer planning diesel tree biofuel

They say that money doesn’t grow on trees, but a Queensland farmer believes fuel does. Mike Jubow, a nursery wholesaler from Mackay, has begun importing seed from Brazil to plant diesel trees.Sydney Morning Herald

Japan warns Russia: hiccup in Sakhalin energy project could harm relations

Japan has warned Russia that its cancellation of an important permit for the Sakhalin-2 energy fields, in the Russian Far East, could damage their relations, and called for the development of the fields to proceed smoothly. Russia has revoked an environmental permit for a Royal Dutch Shell-led consortium to develop the fields, halting all work […]

Physicist Takes Energy Efficiency From Theory to Practice

Eighty-year-old particle physicist Arthur Rosenfeld began his career slamming atomic nuclei together at the University of California at Berkeley. Then he moved to a new job: working with refrigerators and light bulbs. That second job, he says, has really paid off to the tune of $800 billion in energy savings from inventions and innovations in […]

Gore Calls for Immediate Freeze on Heat-Trapping Gas Emissions

Former Vice President Al Gore called yesterday for a popular movement in the United States to seek an nytimes

Why We Continue to Expect Exorbitant Oil Prices

There is no doubt that businesses have tried to become more efficient in the last 20 years, and not carrying excess inventory is a part of that. Ask Ford if high days of inventories is a good thing. We agree that days inventory have not been a predictor of prices over the last 20 years. […]

Moonbeam the 100mpg DIY car costing US$2500

In a world where the price of oil is trending towards infinity, large companies are quickly seeking alternative energy sources for transportation. Jory Squibb decided he gizmag

Russian firm rolls out U.S. gas stations

Like many New Jersey motorists, Kevin Teeter had never heard of Lukoil until his local gas pump began sporting the name last month. Now, he couldn’t escape the Russian oil company’s presence if he tried. Almost overnight, gas outlets and signs boasting its name in a splash of red and white have begun multiplying across […]

Bush, Iran president to face off

President Bush and Iranian President Mahmoud Ahmadinejad will face off at a distance over Middle East democracy and nuclear weapons when both address the United Nations on Tuesday. Bush faces growing international skepticism over his policies for Iran and Iraq, with U.N. Secretary-General Kofi Annan warning that Iraq was in grave danger of descending into […]

Strategy Based on Fuel Economy Provides Best Outcome for Domestic Automakers

A study by the University of Michigan greencarcongress

Bush in Climate Change U-Turn

Are we are about to witness one of the biggest political U-turns in recent years? Rumours are rife in Washington that Bush is about to undertake an astonishing U-turn on global warming. Apparently after years of trying to sabotage agreements to tackle climate change, the Toxic Texan is drawing up plans to control emissions of […]

US Government Action Needed For Renewable Energy Boost

A report released Monday by two Washington-based policy groups urges U.S. policymakers to take steps to break the country’s dependence on oil and ensure that more than just 6% of the nation’s energy is produced from renewable sources like wind. In “American Energy: The Renewable Path to Energy Security,” the Worldwatch Institute and the Center […]

New Plug-in Hybrid Electric Vehicle Debuts at Clean Energy Event

A new plug-in hybrid electric vehicle, capable of 125 mpg and receiving electricity from or sending it to the grid, will be available for viewing at “Clean Energy Partnerships.” The event, part of the statewide Colorado’s Tech Week, will be in Fort Collins on Monday, September 18. theautochannel

US to Cut Funds for Two Renewable Energy Sources

Christian Science Monitor – Out at the Wanapum Dam on the Columbia River, a new turbine is being tested that generates more electricity, but won’t kill so many fish – thanks to research dollars from Uncle Sam. Down in California’s Long Valley, on the Sierra Nevada range, federal researchers are working to boost efficiency of […]

A Wild Hair – Jim Kunstler

Which leads me to the real subject of this Monday blog, which is the question of oil prices. Cheerleaders for an obsolete reality, such as Michael Lynch and Forbes Magazine, are hailing the current drop from the mid $70-range to the low $60-range as an epochal tide-turning return to the salad days of cheap oil. […]

An Interview with Dennis Meadows – Co-Author of ‘Limits to Growth’

Transition Culture – I was very lucky at ASPO 5 to get to interview Dennis Meadows, one of the authors of what is probably the most famous environmental book in history, Transition Culture

Peak Oil as Transformative

Grist Magazine – Funny. I wrote this post last night and held onto it to post it later today — and then John went and scooped me, saying many of the very things I had to say. Oh well. Consider this an addendum to his post. Ibon at peakoil.net voices his worst fear: I have […]

Mexico May Double Nuclear Plant Output

Dallas Morning News – Mexico may become the latest oil-rich country looking seriously at nuclear power as a hedge against declining energy reserves, according to a plan outlined Monday by Energy Minister Fernando Canales Clariond. Speaking at an energy conference in Vienna, Austria, Mr. Canales Clariond said Mexico’s nuclear energy output could be doubled by […]

Namibia: Govt to Force Use of Solar Tech

The government is working on measures that will compel public institutions and parastatals to use solar water heaters. Mines and Energy Permanent Secretary Joseph Iita told New Era last week that this would be an energy saving measure, which will ensure that the country for industrial use saves energy that is being wasted at present. […]

Tanzania: Country Turns to Cassava for Energy

Millions of dollars being used now for the importation of petroleum products could be saved, thanks to an ambitious three-year pilot project on the use of cassava to produce energy sufficient enough to drive machines. “The spotlight is turning to ethanol made from fermented cassava starch, which is a promising resource.”‘Similar to other types of […]

India marks turf in secretive undersea treasure hunt

In Delhi, discussions currently on between oceanographers and diplomats, from the new Ministry of Earth Sciences and the Ministry of External Affairs, mark the last stages of an exercise that began in 2002 with secretive ocean experiments that will eventually allow India to lay claim to vast undersea reserves of oil and minerals.. India is […]

Last ”water war” was 4500 years ago

With a steady stream of bleak predictions that “water wars” will be fought over dwindling supplies in the 21st century, battles between two Sumerian city-states 4,500 years ago seem to set a worrying precedent. Down the centuries since then, international rivals sharing waters such as the Jordan River, the Nile, the Ganges or the Parana […]

World’s leading companies lack plan on climate change

Most of the world’s 500 biggest companies have no programme in place, with explicit targets, to reduce their emissions of greenhouse gases, despite mounting evidence that the earth is heading towards environmental catastrophe. The most comprehensive study of the environmental behaviour of the world’s biggest corporations, by the Carbon Disclosure Project (CDP), found that emissions […]

Paying the Freight for Polluting the Air: Europe Takes the Lead

In Europe, carbon emissions are regulated by the Greenhouse Gas Emission Trading Scheme, a mandatory cap-and-trade system that applies to major emitters. The plan is meant to meet Europe’s obligations under the Kyoto Protocol, which the United States did not sign. Compared with the emissions of a power station, those produced by corporate business travel […]

Russia tightens grip on energy

A decision by Russia to scrap environmental permits for the country’s largest foreign investment project is further evidence of Kremlin policy to extend state control over the energy sector, analysts said. “It just means that the state continues to tighten its grip on the oil sector,” said Valery Nesterov, an oil and gas analyst at […]

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