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News from August 2007

‘Cool farms’ mask the extent of global warming

‘Cool farms’ mask the extent of global warming thumbnail

Whereas urban development generates pockets of hot air, irrigated fields tend to cool things down, they say – and there is evidence that the effects have been felt in California for over a century. … A rollback of the cooling effect of irrigation in the face of continued global warming could mean that California will […]


The global view: Opec sees need for $2.4 trillion investment in crude capacity

The global view: Opec sees need for $2.4 trillion investment in crude capacity thumbnail

Oil producers need to pump $2.4 trillion into projects to expand crude output capacity to meet future world demand and around $680 billion will need to be invested by Opec members. Nearly $455 billion will need to channeled into refining with Asia-Pacific region having the lion The report noted that expansion of non-Opec capacity is, […]


Wolfowitz ‘tried to censor World Bank on climate change’

Wolfowitz ‘tried to censor World Bank on climate change’ thumbnail

The Bush administration has consistently thwarted efforts by the World Bank to include global warming in its calculations when considering whether to approve major investments in industry and infrastructure, according to documents made public through a watchdog yesterday. On one occasion, the White House’s pointman at the bank, the now disgraced Paul Wolfowitz, personally intervened […]


‘Cathedral Thinking’

‘Cathedral Thinking’ thumbnail

Energy’s Future: Until we solve climate change, says James E. Rogers, we need even the dirtiest fuel. Every day, Americans plug their cell phones, iPods and laptops into the wall, unaware that most of their electricity comes from coal, the dirtiest form of energy production. Duke Energy, which operates 20 coal-fired power plants, is the […]


Energy chiefs tout natural gas

Energy chiefs tout natural gas thumbnail

A panel on climate change opens the annual conference of the Colorado Oil and Gas Association. Energy-industry officials from across the Rockies kicked off a three-day conference Monday by promoting natural gas, a cleaner-burning fossil fuel, as a weapon against increasing greenhouse-gas levels. The annual conference by the Denver-based trade group Colorado Oil and Gas […]


N.D.: Execs Say Cutting CO2 Not Cheap

N.D.: Execs Say Cutting CO2 Not Cheap thumbnail

BISMARCK, N.D. Harper spoke at a U.S. Senate hearing of its subcommittee on energy and water development, of which Sen. Byron Dorgan, D-N.D., is chairman. Dorgan held the hearing Monday in a North Dakota Capitol hearing room. Dorgan said he has pushed to increase federal support for research into how to burn coal more cleanly, […]


Coal-to-liquid plants may soon become a reality in U.S.

Coal-to-liquid plants may soon become a reality in U.S. thumbnail

It’s largely escaped notice, but there are already a dozen or so coal-to-liquids plants in various stages of development around the country. While most are years away from construction, supporters of converting coal to motor fuels say at least some are a certainty — even if Congress doesn’t approve incentives sought by coal-to-liquids supporters. Yet […]


South Africa: State sees bright future in nuclear energy

South Africa: State sees bright future in nuclear energy thumbnail

NUCLEAR energy will form part of SA[…]


While the Watchdog Sleeps

While the Watchdog Sleeps thumbnail

…The News media frequently brags on its role as the public ●


Kunstler: Margin Call

Kunstler: Margin Call thumbnail

The seas were a mite choppy off Hedge Fund Island last week after all when the Federal Reserve started tossing life preservers of ready cash to the Big Fund Boyz bobbing and thrashing in the swells. Now, about that “money” …This is what happens when investment gets de-coupled from real productive activity and becomes an […]


Prices for many food staples are climbing by double-digit percentages

Prices for many food staples are climbing by double-digit percentages thumbnail

…Why are food prices rising? It The Labor Department


Think Tanks Slams Solutions to N. Korea’s Energy Crisis

Think Tanks Slams Solutions to N. Korea’s Energy Crisis thumbnail

The construction of light-water reactors or coal power plants or the direct provision of electricity will not be enough to help North Korea relieve its serious energy shortage, a state-run think tanks says. The Korea Energy Economics Institute (KEEI) said such proposals betray a lack of understanding of the reality in North Korea and are […]


Journey to the Past and/or the Future

Journey to the Past and/or the Future thumbnail

…But the lesson of southern Italy is that what goes up may come down. The disintegration of the Roman Empire resulted in the end of urban civilization in the South. Populations mysteriously disappeared, although archaeologists and historians most suspect plague and environmental collapse as the root causes. In any case, the Mediterranean economy — based […]


In Praise Of ”Sicko” But What Happens After The U.S. Healthcare System Dies?

In Praise Of ”Sicko” But What Happens After The U.S. Healthcare System Dies? thumbnail

by Carolyn Baker …It behooves every American who takes collapse seriously and is consciously preparing for it, to learn healthcare skills. An individual can enroll in or audit almost any basic emergency lifesaving or first aid course at local community colleges or hospitals around the country. Health care professionals who are preparing for collapse can […]


Cellulosic ethanol: A fuel for the future?

Cellulosic ethanol: A fuel for the future? thumbnail

In the pine forests of rural Georgia, Devon Dartnell sees a path into the global fuel economy. As the biomass program manager for the Georgia Forestry Commission, Dartnell is impatiently waiting for construction to begin next month of a plant that will convert forestry wastes into ethanol, a car fuel. The facility is an important […]


The Oil Drum Europe: Oilwatch Monthly – August 2007

The Oil Drum Europe: Oilwatch Monthly – August 2007 thumbnail

The August edition of Oilwatch Monthly can be downloaded at this weblink (PDF, 1.40 MB, 19 pp). New are historical charts portraying production back to 1930, shown next to the production developments from 2002 – present. The Oil Drum Europe


The Oil Drum Canada: The Resurgence of Risk

The Oil Drum Canada: The Resurgence of Risk thumbnail

We have been living in inflationary times, for as long as most of us can remember. The money supply keeps expanding and prices increase over time as a result. Central bankers have many tools at their disposal which they can use to tweak the economy The Oil Drum: Canada


Technology is key on global warming: Bush adviser

Technology is key on global warming: Bush adviser thumbnail

BEIJING (Reuters) – The United States on Tuesday staked out its position ahead of a climate change summit next month by endorsing new technologies, paid for by rapid economic growth, as the way to reduce greenhouse gas emissions. The United States opposes mandatory economy-wide caps to cut emissions, saying this would crimp growth, but President […]


Asia demand for W.Africa oil rebounds to 1.3 mln bpd

Asia demand for W.Africa oil rebounds to 1.3 mln bpd thumbnail

Asian demand for West African crude oil rose sharply to 1.3 million barrels per day in September, rebounding from a multi-year low reached the previous month, traders said on Monday. The recent decline in ICE Brent crude futures, used as the benchmark in valuing West African grades, provided the financial incentive for Asian refiners to […]


The changing face of energy security

The changing face of energy security thumbnail

For three decades, the rich world has talked about curbing its addiction to imported oil. But, despite the anxious rhetoric, the oil-supply problem has become worse and energy security more complex. Notwithstanding politiciansDailyTimes


China and Russia Begin Teasing Washington

China and Russia Begin Teasing Washington thumbnail

Moscow and Beijing have teamed up and appear determined to send a message to the White House, singly and together, which translated could mean,


OPEC to inflict further pain as oil supplies tighten

OPEC to inflict further pain as oil supplies tighten thumbnail

Circle September 11 on your digital calendar. ThatDailyReckoning


Iran plays the Central Asia card

Iran plays the Central Asia card thumbnail

This week, Iranian President Mahmud Ahmadinejad kicks off a tour of neighboring states in South and Central Asia with a trip that begins in Kabul and ends in Bishkek, Kyrgyzstan, in time to attend the next summit of the Shanghai Cooperation Organization (SCO). With the security deterioration in Afghanistan, openly admitted to by that country’s […]


OPEC ups estimate for oil demand growth despite world economic woes

OPEC ups estimate for oil demand growth despite world economic woes thumbnail

OPEC has slightly increased its estimate for world oil demand growth in 2007 despite current economic turmoil, the powerful cartel said in a report Tuesday. “World oil demand growth in 2007 is forecast at 1.3 million barrels per day (bpd), or 1.5 percent, slightly higher than the estimate for last month, reflecting additional oil needs […]


Mexico Congress to Cut Taxes on Pemex, Senator Says

Mexico Congress to Cut Taxes on Pemex, Senator Says thumbnail

Mexican legislators agreed to reduce taxes on Petroleos Mexicanos, the state-owned oil company, by 60 billion pesos ($5.45 billion) a year to free up funds for the company to spend on increasing crude production. The measure will be included in President Felipe Calderon’s tax-reform bill, Senator Francisco Labastida, president of the Senate energy commission and […]


New tropical depression could become hurricane by Friday

New tropical depression could become hurricane by Friday thumbnail

The storm season is heating up, right on schedule. Tropical Depression 4 emerged in the eastern Atlantic on Monday and was predicted to grow into Tropical Storm Dean by today. It was expected to strengthen into the first hurricane of the year by Friday. ChicagoTribune


Iraq oil field work will increase capacity.

Iraq oil field work will increase capacity. thumbnail

Increased rehabilitation in a key Iraqi oil field has been completed, setting the stage for more production and drilling of new wells. “The rehabilitation of the Sayed Nour oil field, eastern Amara, will immensely contribute to sustaining the overall production capacity of al-Bazarkan oil complex, which already reaches 120,000 barrels per day,” a spokesman told […]


New faces but policies set to stay at OPEC

New faces but policies set to stay at OPEC thumbnail

Less than a month before OPEC meets to set oil output for peak winter demand, countries accounting for almost a third of production are either without an energy minister or getting used to a new one. OPEC’s second biggest producer Iran installed a caretaker oil minister on Sunday after President Mahmoud Ahmaninejad abruptly announced the […]


Australian cities face water shortage

Australian cities face water shortage thumbnail

Nearly every Australian city will have to find new water supplies over the next decade as climate change and population growth stretch the nation’s already limited water resources, according to a study released Tuesday. The annual report by the Water Services Association of Australia found that after a decade of punishing drought, authorities in all […]


Carbon-Free and Nuclear-Free: A Roadmap for U.S. Energy Policy

Carbon-Free and Nuclear-Free: A Roadmap for U.S. Energy Policy thumbnail

Arjun Makhijani is President of the Institute for Energy and Environmental Research www.ieer.org/, an organization dedicated to increasing public involvement in and control over environmental problems through the democratization of science. A specialist on nuclear weapons and nuclear power, waste and testing, and energy conservation, he holds a Ph.D. in engineering (specialization: nuclear fusion) from […]


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