Q&A | Investor Pickens’ future: oil shortages and hard choices

He recently landed in Beverly Hills to talk about oil prices at a conference sponsored by the Milken Institute. In an interview, Pickens elaborated on his views about oil and other matters. Q: When you look at folks who don’t believe that worldwide oil production has peaked, do you think they’re wrong or the data […]

Bob Hertzberg: Who needs the sun?

Selling solar power in rain-drenched Wales might seem an uphill struggle. But for Bob Hertzberg, the fast-talking co-founder of venture capital outfit Renewable Capital, that’s the whole point. He is bankrolling a company in Cardiff making solar cells that do not need direct sunlight to generate electricity. G24i expects to start taking orders next year […]

Governments, schools face cuts as price of gas soars

Consumers aren’t the only ones hit in their wallets as gas prices rise. So are governments and school districts Pima County

Canada: Pump Shock in pictures

NDP MPP Gilles Bisson today invited motorists to fight back against gas-price gouging by taking part in “Pump Shock in pictures” – an NDP campaign that lets everyday Ontarians blow the whistle on Ontario’s worst gas-price rip-off artists. Bisson is inviting motorists to put big oil and gas companies on the hot seat by e-mailing […]

Environmental warning on biofuels

U.K. – The drive to switch over to biofuels could lead to rising food prices and deforestation, a report has warned. The government and EU have said by the year 2020 they want 10% of all fuel in cars to come from biofuels. But a study by the Co-op Insurance Society suggests achieving this could […]

Venezuelan Oil Losing Share of Key U.S. Market

CARACAS, Venezuela — When the state oil company recently took over the last privately run oil fields in Venezuela, President Hugo Chavez declared it a victory against Washington and a giant leap toward a new energy policy that would diversify the market for Venezuelan crude to include rising powers like China. “Down with the American […]

On the road?

As gas prices rise, many rethink vacation plans As summer approaches, many families will be making plans to pack their bags and drive to their favorite destinations. Some of these trips will be forfeited, however, because of high gas prices. Vacationers may choose to fly instead of drive because gas prices nationwide are expected to […]

True Costs Of Fossil Fuels

…Cheney revealed the goal of the war in a speech while still the CEO of Halliburton in 1999. To his own question of “Where is the oil going to come from to slake the world When Bush handed the keys of American Foreign Policy to Cheney and his neocons, The Prize had long been darling […]

Energy in the 21st century

An auspicious wind is blowing across Colorado and the West as rural communities begin seizing the opportunities of emerging 21st century economies and technologies. Much of the land that produces the food that feeds America is ideally situated to help meet the nation’s appetite for electricity. Colorado’s eastern plains are ripe with potential for wind […]

Bowser thefts linked to stolen plates

AUSTRALIA – The huge surge in “drive-off” fuel theft, triggered by skyrocketing petrol prices, is being linked to the underground trade in stolen registration plates in Sydney, which has risen at the same rate as bowser larcenies. NSW Bureau of Crime Statistics and Research figures show petrol thefts, or service station fraud, has increased by […]

Australia: Families’ weekly bill up $175

SOARING costs in groceries, housing, fuel, power and childcare have put a staggering strain on household budgets. Already battling sky-rocketing mortgages or rent, ordinary Queenslanders will be hit by huge hikes in food prices, big increases in electricity charges and rises in the cost of petrol over the next few months. While Tuesday’s federal Budget […]

Pakistan: Shopkeepers protest, burn power company vehicle

KARACHI: Angry shopkeepers in Saddar set fire to a KESC vehicle, after yet another long power outage in the area, Thursday. According to the shopkeepers on Abdullah Haroon road, many of the markets had been without electricity all morning, following which at about 2 p.m. most of them decided to close their shops and take […]

India: Power cut in Bijoygarh for 14 hrs, locals protest

Kolkata: MORE than 450 people came out on the streets and blocked Bijoygarh Road for over four hours today to protest the daily power crisis in the area. Fed up with the daily outage and low voltage, residents of ward 95 today resorted to a road block from 7.30 am to 12 pm. More than […]

Junk In–Power Out

The cow is a model power generator: Each day it expels enough methane to run your home furnace for 24 hours. At Purdue University, a team of nearly two dozen researchers has built a portable device that mimics this natural metabolic process to create electricity. The “biorefinery,” which is three years and $850,000 in the […]

Biomass powered

Now wouldn’t it be great if you could solve all these problems by creating one single device? Imagine an affordable three-in-one technology that consists of an efficient, low-cost refrigerator, combined with a safe and clean cooking stove, and an electric generator added to it. To make things better, imagine the device being powered by the […]

Iowa’s Maize Craze

YOU might think that the opening of a new ethanol facility in Nevada, IowaCalifornia has helped to lead the way. When the state banned the use of methyl tertiary butyl ether (MTBE) as a fuel additive after 2003, everyone had to use ethanol instead to meet clean-air standards; and local refineries for the product began […]

Monetary Reform and How a National Monetary System Should Work

Since the 1980s, every U.S. economic expansion has been nothing more than a Federal Reserve-created asset inflation. The latest has been the now collapsing housing bubble, the largest bubble in history. The financiers are trying to bring about an orderly declineMaybe the party is finally over. Maybe at the end of their 300-year reign, starting […]

When the Gas is Gone, We’ll be Rich!

Last week was just full of unpleasant surprises for natural gas supply. I First, the International Energy Agency (IEA) issued a warning that it

America Has Oil on the Brain

Americans buy ten thousand gallons of gasoline a second, without giving it much of a thought. Where does it come from? How far does it travel? Why does it cost so much? Who’s making money along the way? Lisa Margonelli traveled thousands of miles from her local gas station to oil fields half a world […]

Ethanol seen chomping into corn crops

Corn stockpiles are expected to run low into the next crop year as ethanol demand rises. WASHINGTON (Reuters) — The surging fuel ethanol industry will gobble up 27 percent of this year’s U.S. corn crop, challenging U.S. farmers’ ability to satisfy food, feed and fuel demand, the U.S. government said Friday. Even with its projection […]

Contingencies for nuclear terrorist attack

As concerns grow that terrorists might attack a major American city with a nuclear bomb, a high-level group of government and military officials has been quietly preparing an emergency survival program that would include the building of bomb shelters, steps to prevent panicked evacuations and the possible suspension of some civil liberties. Many experts say […]

High octane price vapors

Head for the hills. Gas prices are over $3 — just make sure you carpool. That’s the message network Chicken Littles are telling viewers as they hype so-called “record prices” and warn of an economic cataclysm tied to $4-, $5- or $6-a-gallon gasoline. Diane Sawyer even linked the prospect of pain at the pump to […]

Chevron Pulling Out Hundreds of Nigeria Oil Workers

U.S. oil major Chevron Corp. will immediately begin withdrawing hundreds of workers and contractors from Nigeria’s offshore waters due to recent militant violence against foreign companies in Africa’s biggest oil producing country, a company official said Friday. “These actions are beginning as we speak,” the Chevron official told Dow Jones Newswires, declining to be named. […]

Dealer prices gas over $4 in protest

He says tactics used by Shell are unfair to operators It has become almost a regular stop for San Francisco tourists. Once they’ve seen the Golden Gate Bridge and the Transamerica Pyramid, they can drive down Harrison Street to see the most amazing sight of all. Regular gas for $4 a gallon. Actually, it is […]

The Oil Drum: Cabinda: Prospects for an Oil Insurgency in the Angolan Exclave

Angola is one of the few bright spots in global oil production Is there anything standing in the way of this

Saudis: Foiled plot mirrored 9/11 attack

RIYADH, Saudi Arabia – Al-Qaida-linked plotters hoped to reproduce the Sept. 11, 2001, attacks, planning to send suicide pilots to military bases and attack the oil refineries that drive the economy of Osama bin Laden “The last group (we) rounded up are carriers of al-Qaida ideology, working on achieving al-Qaida goals, which is to take […]

Climate: Time Is Short, Part Two

Two days ago, the Intergovernmental Panel on Climate Change (IPCC) released the third of four reports this year on the current state of global heating. This one, as distinct from the other two, also included an overview of the solutions to this civilizational crisis. It was good that, once again, the work of the IPCC […]

DOE-Funded Research Opens Way to 218 Billion Barrels of By-Passed Domestic Oil

A joint venture in technology development between researchers at Texas A&M University and the Department of Energy has produced a new computer tool that will increase recovery of up to 218 billion barrels of by-passed oil remaining in mature domestic fields. The nation’s current proven reserve is 21 billion barrels. More than two-thirds of all […]

Study Sheds Light on Earth’s CO2 Cycles, Possible Impacts of Climate Change

The new study showed carbon that had built up in the ocean over millennia was released in two big pulses at about 18,000 years ago and 13,000 years ago, says Dr. Thomas Marchitto of the University of Colorado at Boulder, who jointly led the study with colleague Dr. Scott Lehman. While scientists had long known […]

Oil-mageddon

Thierry Desmarest, chairman of Total, the world’s fourth-largest oil company, says global production will peak “in around 2020″. Sir David King, the British Government’s chief scientific adviser, says that the peak will come “in ten years or less”. So, the scenario goes, at some time in the 2020s or possibly sooner, oil production will begin […]

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