Petrol to hit

Petrol prices were on course last night to break the pound-a-litre barrier after the cost of crude oil on global markets rose to its highest level this year. With the US navy putting on a show of strength off the Iranian coast and oil workers in Nigeria launching an indefinite strike, a barrel of Brent […]

Running Cars on Hydrogen Made from Starch

A new way to make hydrogen from corn or potatoes could make fuel-cell vehicles more practical.Using a stew of enzymes culled from several organisms, researchers have developed a way to convert starch, available from numerous sources including corn and potatoes, into hydrogen gas at low temperatures and pressures. The method produces three times more hydrogen […]

EU Crafting Biofuel Rules With Eye on Environment

The European Commission plans new measures to ensure increased use of biofuels reduces greenhouse gas emissions, an EU official said on Thursday.Paul Hodson, a Commission official involved in turning those targets into law, said the EU executive would set up a mechanism to ensure biofuels contribute to the 27-nation bloc’s goal to reduce greenhouse gas […]

Experts: New Energy Sources Needed

International car manufacturers and energy experts urged to find new sources of renewable energy for vehicles – including advanced biofuels – in a move to reduce the speed of global warming. “We’re facing a global problem, not a local problem,” said Jurgen Leohold, a researcher at one of Europe’s largest carmakers, Volkswagen AG. “With the […]

Europe’s energy giants call for business as usual with Russia

Europe’s three largest gas companies called Wednesday for greater political support for increased business ties with the Russian energy giant Gazprom, saying growing tensions between Moscow and the European Union should not be allowed to jeopardize energy security. As EU and Russian leaders continue to disagree, the bloc’s big energy companies are making their own […]

Austrian deal will extend Gazprom grip on European energy market

Gazprom is poised to strengthen its grip over the European energy market with the purchase of a stake in a strategic Austrian gas hub that would give it a powerful lever over an EU project to bring in non-Russian supplies of fuel from Central Asia and the Middle East. The Russian giant has agreed to […]

Ending India’s energy drought

In most Indian cities, being middle class means owning your own power company. As summer temperatures approach 40 degrees Celsius (104 Fahrenheit), energy demand from electric fans and air conditioners is putting stretched utilities under stress. Against a peak demand of 104,000 megawatts last month, supply was 90,000 megawatts. That is a shortfall of 14 […]

More buying by China, India may take palm oil to 9-year high

Asia’s vegetable oil guzzlers, China and India, are likely to step up purchases in the coming months and boost palm oil prices, which has already hit near nine-year highs on a squeeze in supplies. The onset of summer and firm yuan currency against the dollar will result in larger quantities of palm oil flowing into […]

Don’t just blame Big Oil — there’s more to it

“The bottom line is that we are growing population, both in the U.S. and the world, our demand for a limited resource is increasing beyond our supply, and price is going up,” said Yiorgo Aretos, founder of TheTMPGroup. U.S. demand for gas is at its highest level in history, oil companies are having difficulty keeping […]

Iran’s decision to raise gas prices exposes economic vulnerability

Iran’s decision to hike gasoline prices has thrown new light on what could be its most-entrenched problem — a vulnerable, highly subsidized economy, and the political dangers that poses for its populist and hardline president as he faces international pressure over the country’s nuclear program.Conservatives in Iran’s parliament, especially those aligned with the country’s national […]

APEC Energy Ministers to Discuss Carbon Emissions

Asia-Pacific Economic Cooperation energy ministers will next week discuss carbon emissions as they seek to improve energy security while reducing environmental effects, an Australian minister said. The talks by energy ministers from 21 APEC nations, including the U.S. and China, will feed into the leaders meeting in Sydney in September, Australian Industry Minister Ian Macfarlane […]

Energy Efficiency Investments and Renewable Energy Purchases

Aggressive investments in energy efficiency in the short run and growing purchases of renewable energy over the long run are a powerful one-two solution for businesses, local governments, and states aspiring to reduce their greenhouse gas emissions now, according to a new report by a pair of clean energy advocacy groups. renewableenergyaccess

Barroso says G8 ‘must take direction’ on energy security issues

European Commission president Jose Manuel Barroso said the G8 members ‘must take direction’ on energy security issues when they meet at the summit in Heiligendamm, Germany on June 6-8. forbes

China`s energy use worries many

China`s expanding economy and its rising energy use call into question not only the intensifying race for finite resources, but also the environmental pitfalls associated with such growth. The findings come just as a high-level Chinese delegation ended two days of meetings in Washington on Wednesday on a host of issues, including trade and energy. […]

Nuclear Industry Leaders Identify Challenges on Road to U.S. Nuclear Energy Rena

Financial, regulatory and communications challenges are among those that still must be met to bring the emerging “nuclear energy renaissance” to fruition, Nuclear Energy Institute leaders told hundreds of industry executives assembled at NEI’s three-day annual conference here. earthtimes

Senior International Energy Officials Issue Joint Statement

U.S. Secretary of Energy Samuel W. Bodman today announced that the U.S. Department of Energy (DOE) and senior energy officials from some of the world’s leading economies issued a joint statement in support of the Global Nuclear Energy Partnership (GNEP) and nuclear energy cooperation. The People’s Republic of China, France, Japan, Russia and the United […]

Gas Prices: Breaking Records and Bucking Trends

Having reached the lofty height of $3.19 per gallon, the national average price for gasoline has finally broken the record high hit in 1981, when a gallon of gas sold for $1.35 ($3.15 in today’s dollars). The public is upset, and politicians are scrambling to find ways to reduce the pain of high prices or, […]

U.S., China Should Join Abe’s Climate Plan, Aso Says

The U.S., China and India should agree to Japanese Prime Minister Shinzo Abe’s proposal to cut greenhouse gas emissions by half by 2050, Japan’s Foreign Minister Taro Aso said. Abe made the proposal yesterday as a new framework to replace the Kyoto Protocol that expires in 2012 and will discuss it at the Group of […]

Diesel May Outpace Gasoline Hybrids in US

Although hybrid gasoline technology currently appears to be the preferred route to increased fuel efficiency in the US, new investment research published by UBS and Ricardo predicts that sales of diesels will outpace those of hybrids by 2012. greencarcongress

Renewable Energy and Biofuels: Indices of Country Attractiveness

Ernst & Young recently released its Q1 2007 Renewable Energy Country Attractiveness Indices, a series of indices that rank countries on their attractiveness with regards to alternative energy growth and development. These indices provide good yardsticks for investors who want to know which markets offer the best near and long term alt. energy growth prospects. […]

Florida, N.C. Counties Among Top 20 At Risk For Storms And Hurricanes

Much of the nation’s Atlantic and Gulf of Mexico coastlines face substantially higher-than-normal risks for hurricanes in 2007, according to an analysis by a University of Central Florida researcher and his Georgia colleague. Nationally, Carteret County on the North Carolina coastline has the highest probability of hurricane-force winds in 2007 at 22.4 percent, according to […]

G8 climate pact: the missing text

Here, according to Reuters, are the paragraphs that the US wants removed. I’ve added a few thoughts on each section. Please contribute yours in the comments below… Energy Security and Climate Change: “Climate change is speeding up and will seriously damage our common natural environment and severely weaken global economy with implications for international security. […]

Gas prices likely to stay high for driving season

Refiners say supplies are below normal; lawmakers feel the heat With the summer driving season just getting under way, gasoline stockpiles are running well below normal for this time of year and prices are setting new records weekly. And until supplies catch up with demand, it’s looking like a long, hot summer of high gas […]

Tipping Point for Gas Prices (Demand Destruction)

Confounding the Experts, A Poll Finds Prices Must Go Way Higher to Alter Driving The average price that drivers said would compel them to significantly cut back on their driving was $4.38 a gallon. In the western United States, where gasoline prices are typically higher than in the rest of the country, the average respondent […]

Julian Darley speaks on Economics, the Money System and Capitalism

Els Cooperrider: I’m very happy to be able to tell you that we have Julian Darley back with us. Of course, he was one of the guests interviewed on the documentary The End of Suburbia and we had such a good discussion last week. Money systems, financial systems, economical issues are something that a lot […]

Australian bet on clean coal risks climate change

The Australian Labor Party (ALP) is counting on clean coal technology (CCT) to achieve long term energy security by exploiting Australia A major theme of Labor leader Kevin Rudd

Will An Oil Mogul See Green?

Burlingame, Calif. – Even old-school oilmen are cashing in on the frenzy for all things green. Former wildcatter T. Boone Pickens hopes to hit a gusher of money when his alternative fuels company, Clean Energy Fuels, begins trading on the Nasdaq stock exchange this week under the ticker symbol CLNE. The Seal Beach, Calif.-based company […]

The Oil Drum: Saudi Arabia and Gas Prices

Following on from recent discussions on Saudi Arabian production declines, and the somewhat uncertain degree to which we might attribute them to declines in North Ghawar, I’d now like to take up the question of what have been the consequences of these declines for global oil supply, and for US gasoline prices in particular. We […]

Ethanol boom affects other industries, could raise food prices

The next two years will be tough for the pork, chicken and dairy industries as the corn they use for feed is increasingly diverted to ethanol production, U.S. Secretary of Agriculture Mike Johanns said April 9. “I think the next couple of years will have its challenges,” Johanns said in an interview with The Associated […]

Gas prices not expected to curtail holiday weekend travel

With gas prices inching toward $4 a gallon, one would think that the holiday weekend is doomed. But according to the AAA Ohio Auto Club, high gas prices aren’t going to stop people from traveling. “People are definitely still going to travel this weekend despite high gas prices,” said auto club spokeswoman Joanna Herncane. SanduskyRegister

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