Mandatory U.S. Greenhouse Gas Cap Wins New Corporate Supporters

The group of large corporations calling on the federal government to immediately enact mandatory national legislation to cap and trade greenhouse gas emissions today doubled its membership. Major greenhouse gas emitters such as automotive, oil and chemical companies are among the new members of the U.S. Climate Change Partnership. The new members include American International […]

Carbon Call

The Stone Age did not end because we ran out of stones. The Global Economy lives by fossil fuels, Peak Oil guaranteeing that the Oil Age will taper off through increasing scarcity, but it won countercurrents

Here Comes The Sun: Investors Moving Into Rapidly Expanding Solar Power Industry

Demand for photovoltaic solar power, which directly converts the sun’s radiation into electricity, is expected to grow by 40 per cent per year by 2011, offering opportunities for investors who can ride out near-term bumps, according to a new report from RBC Capital Markets, “Investing in Solar Now.” yahoo

Electricity rationed in Zimbabwe

Households in Zimbabwe are to be limited to four hours power supply a day in the latest setback to hit the country’s struggling economy. The measure, meaning electricity will only be available in homes between 1700 and 2100 local time, is likely to come into force immediately. The move is designed to support the country’s […]

Shop until the planet drops

A specter is haunting the world, but it is not a well-defined ideology, like capitalism or communism. And yet, since World War II, it has been responsible for more destruction than these ideologies, creating a civilization that is copied the world over, one that specializes in using up as much oil and coal, forests and […]

Peatlands store 100 years of CO2 emissions

The UN Convention on Climate Change is putting global climate at risk by ignoring carbon dioxide emissions from the destruction of carbon-rich peatlands in Indonesia, charged Wetlands International, a Dutch environmental group that has highlighted the climate impact of land-use change in southeast Asia. “As much as 2000 million tonnes of carbon dioxide are released […]

Oil markets

WASHINGTON: World crude-oil markets are

India misses import target for gas by 67%

India was able to import only a third of the gas it wanted to ship into the country in 2006-07, owing to uncertainties in the global gas trade and inadequate infrastructure in the country to handle gas imports, resulting in a shortage of the fuel that affected several companies, including power utilities and fertilizer manufacturers. […]

U.S.

Massive projects under way despite environmental, safety concerns …Energy companies have proposed 35 new U.S. terminals in 10 states and five offshore areas near the coast. Eighteen terminals have been approved by the Federal Energy Regulatory Commission. The majority of the projects are proposed for the Northeast, which has seen huge price increases for heating […]

Cheap power to Northeast US: a mixed blessing

At least eight transmission lines are planned to connect the region with Midwestern coal plants. A major move to boost grid capacity is under way to bring more cheap coal-fired electricity to the high-cost Northeast. New transmission lines could lower utility bills for millions of consumers and avert blackouts that sometimes hobble the region. At […]

Clarium Capital bets on rates to rise more

Clarium Capital, the $2bn San Francisco hedge fund run by Peter Thiel, the Paypal co-founder, is betting that central banks will raise interest rates far more than most people expect after concluding that the global wave of liquidity is being generated by petrodollars. Mr Thiel’s thesis is simple, if unconventional. Oil-rich Arab states and gas-rich […]

Texas: House OKs suspending gas tax

AUSTIN – Relief from soaring gas prices may soon be on the way. The Texas House tentatively adopted a measure Tuesday that would suspend the state’s 20-cent gas tax through the summer. That would mean an immediate 20-cent drop in the price per gallon. “The more cars you have, the more relief you get,” said […]

U.S. uranium sales down as price soars

WASHINGTON, May 8 (UPI) — As the price of uranium surged another $7 over the past week, the U.S. Energy Department may scale back its inventory sale and open a strategic reserve. Uranium prices hit $120 per pound Monday, the weekly pricing date, on the heels of expected growing demand and a new futures trading […]

AP Moller Maersk believes oil production in North Sea has reached its peak

Management at AP Moller Maersk’s Maersk Oil & Gas division believe oil production in the North Sea has reached its peak, daily Boersen reported. ‘Production is, under all circumstances, expected to decline during coming years, but our task is to counteract this as far as possible,’ Maersk Oil & Gas deputy director Anders Wurtzen said […]

Europe prioritizes cooperation with Iran on energy: oil minister

Norwegian Oil Minister Odd Roger Enoksen said on Tuesday that European countries give priority to cooperation with Iran in the energy sector. According to the Foreign Ministry Press Department, Enoksen made the remarks in a meeting with visiting Iranian Foreign Minister Manouchehr Mottaki in Oslo, capital of Norway, adding that the Islamic Republic of Iran […]

Oil discovery enough for 50 years extraction

China has been abuzzed with last week’s announcement of a new oil field discovered by China National Petroleum Corporation. The field in Bohai Bay is said to be the largest discovery in decades. Now, the company says the reserve is sufficient for 50 years of oil extraction. The Nanpu block, located in Hebei Province and […]

Demand for ethanol helps fuel farmers income

Fueled by AmericaJG-TC

Why Not Build More Oil Refineries?

Existing refineries have been expanded and are actually producing record output. They process about 17 million barrels of oil each day, but Americans consume about 22 million. The difference is imported. This tight supply is why a fire or unscheduled maintenance at one refinery spikes the price at the pump. So, with all the demand, […]

Geopolitics and oil supply disruption: Is India prepared?

What do we do when crude price touches $250 a barrel? Even with high foreign exchange reserves, India will have a very hard time to absorb such a high price. We could dismiss this as Doom’s Day scare mongering at our peril. But then a study done last year by one of the international banks […]

Iraq oil workers set to strike over law

Most of Iraq’s oil production and all of its exports are likely to stop Thursday as its oil union threatens to strike in protest of the draft oil law. “The central government must be in total ownership and complete control of production and the export of oil,” said Imad Abdul-Hussain, federation deputy chair of the […]

Venezuela, Conoco spat continues

Venezuela and ConocoPhillips have yet to come to terms over the state takeover of the Houston-based company`s operations in the oil-rich Orinoco Belt. ConocoPhillips was supposed to come to terms with Venezuela`s state-run petroleum company PDVSA by May 1. Earlier this week Energy and Petroleum Minister Rafael Ramirez said the energy giant must accept Venezuela`s […]

Saudi to boost gas reserves by 40%

Saudi Arabia is stepping up exploration to boost its natural gas reserves by around 40% in the next 10 years as it prepares to meet rising domestic demand, Oil Minister Ali al-Naimi said on Wednesday. “We are planning to add in the next 10 years 100 trillion cubic feet to our current reserves of gas,” […]

Govs want more time on oil shale

The governors of Wyoming and Colorado want federal officials to allow more than the allotted two weeks for the states to study and comment on a draft environmental review of commercial-scale oil shale development proposed in the region. Wyoming, Colorado and Utah are among 14 states, local governments and agencies discussing a draft environmental impact […]

SLB: World’s premier oil services play

“The global supply picture is extremely bullish for crude oil,” says energy expert Elliott Gue, who is playing this trend through oil services, equipment, and exploration firms including Schlumberger (NYSE: SLB), which he calls the “world’s premier oil services play.” The advisor notes that one of the longest-standing themes of his investment newsletter has been […]

World Oil Outlook: Markets Tighten, Continued Growth In Demand

World oil markets are projected to tighten this summer due to continued growth in oil demand and production restraint by members of the Organization of Petroleum Exporting Countries (OPEC). Despite the recent increases in world oil prices, global oil consumption is projected to grow by 1.4 million barrels per day (bbl/d) in 2007 and by […]

Peak oil blindness

One might be tempted to question the competence of an organization with access to some of the best data in the country that can narrow down to no less than thirty-three years the estimated time of arrival of what promises to be an event with unprecedented adverse consequences. But this is not an issue of […]

Japan to seek 50% global emissions cut at G-8 meet

Prime Minister Shinzo Abe will propose global steps aimed at halving greenhouse gas emissions by 2050 from current levels during next month’s Group of Eight summit, and has already gotten U.S. President George W. Bush’s promise to cooperate, sources said Tuesday. Given the cooperation between Japan and the U.S., the G-8 summit is likely to […]

31 U.S. states form registry to cut carbon emissions

With pressure growing on the U.S. government to regulate greenhouse gas emissions blamed for global warming, 31 U.S. states will start a registry next year to track those emissions with an eye toward reducing them. The Climate Registry will log emissions from corporations, nonprofit groups, and municipalities in states representing 70 percent of the U.S. […]

Citi Targets $50 Billion Over 10 Years to Address Global Climate Change

Citi, the financial services company, announced that it will direct $50 billion over the next 10 years to address global climate change through investments, financings and related activities to support the commercialization and growth of alternative energy and clean technology among the clients and markets it serves, as well as within its own businesses and […]

Driving Michelin’s Zero-Pollution Car

The fuel cell used in the Hy-Light prototype was developed by the Paul Scherrer Institute, a leading Swiss research center. What sets it apart from most other automotive fuel cells (such as the one in the GM (GM) Sequel) is that it uses pure oxygen from a tank. Most fuel cells suck oxygen from the […]

« Previous Page — Next Page »

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy