Iran president wants to budget for lower oil price

Iranian President Mahmoud Ahmadinejad on Sunday proposed cutting the oil price on which the next budget is based to protect Iran from “enemies” trying to hurt the economy by lowering international crude prices. In a televised address to parliament, Ahmadinejad suggested basing the budget on an oil price of $33.70 per barrel for the year […]

Deffeyes: Update, End of 2006

Happy New Year! It’s time for an oil update. The groups that report 2006 oil production numbers explain that their estimates are subject to later revision. However, we need to know the implications right now. With that warning, away we go. From April 2005 onward, crude oil prices have been above $50 per barrel. For […]

Vast Pipelines in Amazon Face Challenges Over Protecting Rights and Rivers

URUCU, Brazil

Europe’s first climate sink inaugurated in Monaco

MONACO (AFP) – Prince Albert of Monaco inaugurated Europe’s first so-called “climate sink,” in a bid to help fight global warming. The concept of carbon sinks is based on the natural ability of trees, other plants and the soil to soak up carbon dioxide and temporarily store the carbon in wood, roots, leaves and the […]

Beyond the green corporation

Moving away from platitudes to strategies that help world and bottom line Under conventional notions of how to run a conglomerate like Unilever, CEO Patrick Cescau should wake up each morning with a laserlike focus: how to sell more soap and shampoo than Procter & Gamble Co. But ask Cescau about the $52 billion Dutch-British […]

Filipino Workers Held Hostage in Nigeria

LAGOS, Nigeria (AP) — Kidnappers grabbed six Filipino workers off a merchant ship Saturday in the latest hostage-taking in Nigeria’s restive southern oil-producing region, officials said. The vessel was heading to the oil port of Warri with a crew of 14 when unidentified gunmen boarded and took away the six non-Nigerians, Delta state spokesman Ozoene […]

New Orleans of Future May Stay Half Its Old Size

NEW ORLEANS But some economists and demographers are beginning to wonder whether New Orleans will top out at about half its prestorm population of about 444,000, already in a steep decline from its peak of 627,525 in the 1960 Census. At the moment, the population is well below half, and future gains are likely to […]

Green concerns prompt Prince Charles to skip ski holiday

LONDON (AFP) – Prince Charles is skipping his annual ski holiday in Switzerland to avoid the plane flights that contribute to global warming, a source close to the prince said. The prince, who has for more than 25 years usually spent part of the winter at the Klosters ski resort, “has not planned a ski […]

Sacrifices necessary with new energy plan

President Bush must have the courage to ask the public to make some sacrifices as part of a “bold” energy plan he has promised to present in his State of the Union address this week, a Carter-era adviser said Saturday. Participants in Saturday morning’s Carter Conference panel on energy, conservation and environment at the University […]

Big Game? An Enron Survivor Hunts for Riches

THE South Pacific islands of Papua New Guinea, where canned mackerel occasionally serves as currency and cannibalism was once on the menu, are a long way from the corporate jungles where Enron was born. Yet amid the wreckage of Enron, the energy giant that went bankrupt in 2001, is a leftover sliver of the company […]

Cost of Corn Soars, Forcing Mexico to Set Price Limits

Economists blame ethanol plants in the United States Facing public outrage over the soaring price of tortillas, President Felipe Calderon abandoned his free-trade principles on Thursday and forced producers to sign an agreement fixing prices for corn products. Skyrocketing prices for corn on the world market have pushed up the price of the humble tortilla, […]

‘Gas Opec’ premature

Two of top European gas suppliers, Russia and Algeria, sought to calm fears among their consumers yesterday that they plan to set up an Opec-like group for the gas industry. Last year Russian gas monopoly Gazprom, holder of the world’s largest gas reserves, upset the European Union by agreeing a cooperation deal with Algeria’s Sonatrach, […]

Is this why Blair is staying on?

Don’t hold your breath, but the embattled Tony Blair may yet leave office with the world’s plaudits ringing in his ears. And it is looking increasingly as if he is defying the pundits and staying until June – as he announced last week – precisely because by then there may have been a breakthrough on […]

UK utility poised to take giant step in green power generation

The UK utility Scottish and Southern Energy (SSE) will develop a plan to build a 90sq.km wind farm on the Shetland Islands. The 200-turbine wind farm will generate about 600MW of power – enough to meet the needs of one fourth of Scottish homes.The project will mean laying a sea-bed cable linking mainland Scotland with […]

Islands appear off Greenland as polar ice melts away

All over Greenland and the Arctic, rising temperatures are not simply melting ice; they are changing the very geography of coastlines. Nunataks — “lonely mountains” in Inuit — that were encased in the margins of Greenland’s ice sheet are being freed of their age-old bonds, exposing a new chain of islands, and a new opportunity […]

Global warming: the final verdict

Global warming is destined to have a far more destructive and earlier impact than previously estimated, the most authoritative report yet produced on climate change will warn next week. A draft copy of the Fourth Assessment Report of the Intergovernmental Panel on Climate Change, obtained by The Observer, shows the frequency of devastating storms – […]

MENA region to invest $57b in power generation by 2013

British energy expert Neil Walker has said that the power and water infrastructure projects in the GCC countries have witnessed a boom, as these countries have demonstrated sufficient level of stability that developers are now willing to risk capital. MENA region will invest $57 billion over the next six years to install new generation capacity.He […]

JV with Russia may be the answer to India’s energy crisis

Collaboration with Russia in exploration of oil and gas might be an answer to India’s energy crisis than importing the fossil fuel from that country, a CII report said. India has proposed many joint ventures between the two countries to strengthen the energy ties, as it plans to double its annual import of crude oil […]

Behold the Rise of Energy-Based Fascism (Part II)

Not “Islamo-fascism” but “Energo-fascism” — the heavily militarized global struggle over diminishing supplies of energy — will dominate world affairs (and darken the lives of ordinary citizens) in the decades to come. This is so because top government officials globally are increasingly unwilling to rely on market forces to satisfy national energy needs and are […]

A Substitute for Oil?

In an interview with the HPR, Bob Goldberg, professor of molecular, cell, and developmental biology at the University of California, Los Angeles, said that processing this cellular waste could squarespace

EU seeks drastic cut in emissions

The European Union on Wednesday announced a plan to tackle the EU’s growing dependence on oil and gas imports and the rise in global temperatures. The European Commission also said Wednesday that the EU must reduce greenhouse gas emissions by at least 20 percent below 1990 levels by 2020 to limit global warming and prevent […]

Bush Readies State of the Union Speech

President Bush’s State of the Union address on Tuesday gives him a second chance to defend his new Iraq strategy to a nation soured on the war and a Congress poised to vote against the plan. “President Bush will discuss his determination to defeat the terrorists who are part of a broader extremist movement that […]

Where Dreams Are Catalysts for Change

In the Edge configuration, the HySeries system would be powered by a 336-volt lithium-ion battery pack charged by plugging into a standard 110- to 120-volt house current. When fully charged, the Edge HySeries would be able to run 25 miles at 85 miles per hour on battery power alone. Once battery power falls to a […]

Shell issues first Technology Report

The Shell Technology Report provides clear descriptions of some of the company’s most innovative and promising technologies such as Smart Fields ameinfo

Draft Law Keeps Central Control Over Oil in Iraq

After months of tense bargaining, a cabinet-level committee has produced a draft law governing Iraq nytimes

What Happened to the Oil Boom?

Oil is slipping down to $50 a barrel. Will it keep declining? What goes up must come down It is amazing how short our memories can be. Just last summer, crude oil was trading at $77 a barrel. In five short months, the price has fallen more than 30%, and it now sits near two-year […]

GAO: U.S. energy R&D, policy are inadequate

…It is unlikely that DOE’s current level of R&D funding or the nation’s current energy policies will be sufficient to deploy alternative energy sources in the next 25 years that will reverse our growing dependence on imported oil or the adverse environmental effects of using conventional fossil energy. The United States has generally relied on […]

Energy crisis forces power cuts in Albania

The public is frustrated and businesses are losing money due to the problems Albania has had in keeping up with electricity demands. Since 1990 Albania has suffered regular electricity shortages. Dried-up hydropower plants, lack of domestic production, and difficulties with energy imports have again put residents in the dark this winter. The Albanian power corporation […]

Energy Crisis Threatens Investment

Investors in Iraqi Kurdistan say escalating fuel costs are trying their patience. Since the fall of the Saddam, foreign investors have flocked to Kurdistan and Iraq But the problems don

The Great Thirst

Looking ahead to a post-global warming life in California, 60 years hence The following extrapolation presents a worst-case scenario of California’s water situation in the coming decades, but not necessarily an unlikely one. It is based on a variety of sources, including interviews and conversations over the past several years with scientists and government agency […]

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