Gas Prices May Increase Cost for Food

Not only are gas prices affecting what you pay at the pump, but it could affect what you pay at the grocery store. Higher product shipment costs could add more money to food costs. Store Manager Dee Esch knows what it’s like to brave the tides of high rising gas prices. Dee Esch: “So far […]

Darfur: Forget genocide, there’s oil

To paraphrase the famous quip during the 1992 US presidential debates, when an unknown William Jefferson Clinton told then-president George Herbert Walker Bush, “It’s the economy, stupid,” the present concern of the current Washington administration over Darfur in southern Sudan is not, if we look closely, genuine concern over genocide against the peoples in that […]

Is Sky Falling on America?

After the collapse of the Soviet Empire in 1991, America proclaimed itself at the “end of history” — meaning that the spread of our style of democratic capitalism was now inevitable. Now a mere 16 years later, some are just as sure we approach our own end. But our rivals are weaker and America is […]

Iran, Iraq sign a pipeline deal

Iran and Iraq have signed a new agreement to construct a crude oil pipeline stretching from the southern Iraq to the Iranian region of Abadan. Iraq agreed to increase oil exports directly to Iran via a new pipeline in the south, though export capacity in the north remains stuck, Iranian Student News Agency (ISNA) quoted […]

Venezuela Willing to Supply Low Cost Oil to Fiji

The government of Venezuela has expressed its willingness to engage with Fiji on the possibility of establishing an oil refinery and supply low cost oil in the country. Interim Minister for Public Enterprise Poseci Bune has revealed that he met with officials from Venezuela while in New York recently and they discussed the idea. Bune […]

Nigeria: Strike – Oil Workers Vow to Cripple Economy

Oil workers under the under the umbrellas of the National Union of Petroleum and Natural Gas (NUPENG) and Petroleum and Natural Gas Senior Staff Association (PENGASSAN yesterday vowed to cripple the economy by embarking on indefinite strike to protest the sale last week of the Port Harcourt Refinery, and Stallion House early this year by […]

Asian consumers accelerate energy-saving policy changes.

The tripling of oil prices over the last three to four years has prompted Asian consumer countries to accelerate their domestic oil and gas exploration efforts and promote energy-saving policy changes, energy ministers from those countries said at a meeting with oil producers here this month. With Asia the destination for some 70 percent of […]

US House OKs Anti-OPEC Bill

The US House of Representatives has voted to allow the government to sue OPEC over oil production quotas. Russia denounced the measure, saying it broke international law. “This decision is a violation of the norms of international law,” Russia’s foreign ministry said in a statement. Meanwhile, the White House objected to the House move, saying […]

Oil Industry Says Biofuel Push May Hurt at Pump

Gas prices are spiking again — to an average of $3.22 a gallon, and close to $4 a gallon in many areas. And some oil executives are now warning that the current shortages of fuel could become a long-term problem, leading to stubbornly higher prices at the pump. They point to a surprising culprit: uncertainty […]

China Oil & Commodity Demand Opens a New “Silk Road”

Rapidly growing Asian economies have, at least in part, driven demand for oil. Higher oil prices in recent years mean overflowing coffers in the GCC. They need to put that treasure to work. More and more, it is winding up in Asia. McKinsey reports: “Recent interviews with more than a dozen Gulf investors who collectively […]

Offshore oil and hurricanes: Deeper may mean riskier

As oil companies working in the Gulf of Mexico prepare for an active hurricane season, experts say more drilling in deeper waters farther out to sea has made the United States more vulnerable to energy disruptions. Forecasters have predicted that as many as 17 named storms, five of which could be major hurricanes, will form […]

East Africa attracts hunters for oil and gas

Oil companies, both western and Asian, are hunting in earnest for oil and gas in East Africa, a still largely under-explored region, as energy nationalism in Russia, Venezuela and the Middle East closes off opportunities in more proven areas. “East Africa, for a frontier area, is experiencing one of the highest levels of investment in […]

Argentina Unlikely to Get as Much Gas as Bolivia Has Promised

Bolivia may be unable to deliver on its commitment to quadruple gas supplies to Argentina by 2010, increasing the likelihood of shortages in Argentina and neighboring Chile.Argentina’s proven reserves of natural gas have slumped 40 percent to 456 billion cubic meters, equivalent of less than 10 years of local demand, according to Gabriel Vendrell, vice […]

Solar Power Heads Mainstream as Costs Drop – Report

Solar power should become a mainstream energy choice in three or four years as companies raise output of a key ingredient used in solar panels and as China emerges as a producer of them, according to a report by an environmental research group. “We are now seeing two major trends that will accelerate the growth […]

Ahmadinejad faces backlash over plans for petrol rationing

Iran is to introduce petrol rationing in two weeks in a move that belies its status as the world’s fourth-largest oil exporter and threatens to trigger a popular backlash against its president, Mahmoud Ahmadinejad.The country’s motorists – used to some of the cheapest fuel in the world – will be restricted to three litres a […]

Britain’s next leader faces crucial energy challenges

Britain’s North Sea oil reserves are dwindling fast, its nuclear plants are aging and it is setting itself ambitious carbon-cutting targets that no one is quite sure how to meet. Energy may be the issue that Gordon Brown can not ignore when he succeeds Tony Blair as prime minister next month, as he seems bound […]

New Lighting Technology Can Save US$134 Billion In Energy

Royal Philips Electronics believes that new lighting technology available today can help save of up to US$143 billion on energy costs and reduce carbon dioxide output by 592 million tones annually. This is equivalent to 1,560 million barrels of oil yearly, said Theo van Deursen, CEO of Philips Lighting, in a statement announcing the company’s […]

Q&A: energy white paper

The latest energy white paper, overseen by Trade and Industry Minister Malcolm Wicks, consults on a number of energy-related issues, including reducing the UK’s CO2 emissions by 60 per cent by 2050 and ensuring homes are heated affordably. channel4

Frost & Sullivan Reports Dramatic Green Energy Growth

In a release issued today, global analyst firm Frost & Sullivan reports that the worldwide green energy sector is growing at breathtaking speed, driven by the unprecedented challenges such as climate change. industryweek

Rumblings of breaking up Big Oil

Lawmakers at a Joint Economic Committee hearing Wednesday talked about breaking up the oil companies. Pointing to the example set by trustbuster Teddy Roosevelt a century ago, a group of lawmakers led by Sen. Charles Schumer, D-N.Y., are questioning whether they should step in to roll back the mergers that have created the so-called “supermajors” […]

PV Costs to Decrease 40% by 2010

The solar industry is poised for a rapid decline in costs that will make it a mainstream power option in the next few years, according to a new assessment by the Worldwatch Institute in Washington, D.C., and the Prometheus Institute in Cambridge, Massachusetts. Global production of solar photovoltaic (PV) cells has risen sixfold since 2000 […]

House passes gasoline gouging bill

The House today voted, 284-141, to pass a bill that would make gasoline price gouging a federal offense. In the Senate, Democratic leaders were scrambling to introduce a new energy bill, the first since they took control of Congress. A committee also held a hearing on whether oil industry mergers had contributed to higher fuel […]

Peak Energy Liberation

As if oil depletion wasn’t scary enough, now comes news of Peak Coal. According to the Association for the Study of Peak Oil and Gas, a peaking of all oil and natural gas will come as soon as 2010. Now we have a detailed report that US, Chinese and global coal production could all maximize […]

The Peak Oil Crisis: The Minimum Operating Level

There has been much discussion about gasoline inventories in the US lately and rightly so. Every Wednesday morning the Department of Energy releases a snapshot of US oil and product inventories at the end of the preceding week. As US gasoline inventories fell dramatically during the past few months, it is this report, as interpreted […]

Britain Maps Out Clean, Secure Energy Future

Britain on Wednesday set out plans to secure energy supplies and fight global warming, calling for new nuclear power plants, more renewable energy and greater efficiency. planetark

Tipping-Point Shock

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 said the price would have to hit $5.12 a gallon. washingtonpost

11 incontrovertible truths of oil production and peak oil arguments

At NASA, we frequently have to step back and retreat to the last recognizable common ground on technical issues. If we hope to expand the dialogue about Peak Oil, we must do the same. Below are what I consider uncontroversial, solid facts related to energy and oil production. While several of these statements may appear […]

Proposal: Encourage biomass ethanol in farm bill

Paying for new programs could prove difficult as congressional committees begin work on the legislation. The next farm bill could provide subsidies and loan guarantees to start production of fuel ethanol from corn-field residue and other sources of biomass. Congressional pay-as-they-go rules are limiting the size of the programs, and lawmakers still must find a […]

USDA loans $10 million for biodiesel plant

Maple River Energy LLC, a proposed biodiesel plant in Galva, [Iowa], has received a $10 million loan from the U.S. Department of Agriculture’s Rural Development agency. Delayne Johnson, Maple River’s general manager, said the plant will use 3 million bushels of soybeans a year to produce 5 million gallons of biodiesel fuel and 75,000 tons […]

U.S. hurricane forecasters urge safety on oil stockpiles

ORLANDO, Florida (Reuters) – Forecasters urged the oil industry this summer to stockpile supplies away from the U.S. Gulf Coast, which they predict will be hit by hurricane-force winds, potentially sending sky-high gas prices even higher, according to hazard models released on Wednesday. “It is almost certain there is going to be significant production disruption […]

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