Record oil prices deepen rich-poor divide, say analysts

Record high oil prices, while having little effect on the world’s industrialised nations and benefiting oil-producing emerging economies, are taking a toll on poor countries that rely on imports, analysts say.Industrialised countries are today much less dependant on oil than they were 30 years ago, said Manouchehr Takin from the Centre for Global Energy Studies. […]

U.S. House shifts $16 bln toward renewable energy

The U.S. House of Representatives on Saturday passed a Democratic rewrite of U.S. energy policy that strips $16 billion in tax incentives away from Big Oil and puts it toward renewable energy sources like wind and solar power. The 786-page bill, passed in a rare Saturday vote, was a top priority for House Speaker Nancy […]

Demand Destruction – Market Failure

Stern and others have pointed out that markets for coal, then oil and gas never quantified or priced their greenhouse gas emissions. As the potential serious consequences of climate change are now being understood, this externality can now be considered the biggest market failure ever. More importantly, this historic inability of markets to value something […]

The E.U. and Russia: An Uneasy Oil and Gas Bond

There is no shortage of paranoia in the West these days over Russia’s revitalized, energy-driven, superpower status. Much of it was fueled by the German-Russian Nord Stream gas pipeline mega-deal in 2005. Not only did it confirm Germany’s status as Russia’s preferred strategic European partner, but for many it also confirmed Europe’s dangerous over reliance […]

As gas prices decline, so does interest in buying hybrid cars

What is the surest sign that gas prices are dropping? Interest in hybrids is waning. …The latest Cars.com Consumer Search Index is showing a significant decline in searches for hybrids and other fuel-efficient cars, all of which saw dramatic increases during the last several months when gas prices were at all-time highs. Hybrid vehicles such […]

Book Review: Twilight in the Desert

One of the greatest questions of the modern world concerns whether our recoverable oil supplies will decrease faster than we can replace them with economical new energy sources. If we can keep up, then civilization can continue relatively unchanged and make the leap to the next stage of development. If not, then our modern civilization […]

Be Fearful, Be Brave

…Byron King, editor of Outstanding Investments, examined investment opportunities among oil and gas stocks. Because the world is no longer awash in oil, King declared, the energy sector He was talking, of course, about our petroleum-based economy… in the face of Peak Oil. Once mocked, denied and ridiculed, the realities of Hubbert’s theory are now […]

Use of Renewable Energy in Contingency Operations

In July 2006, MG Richard Zilmer, Chief of Multi-National Forces West, identified a crucial need for … In July 2006, Venezuelan President Hugo Chavez stated that if the United States were to invade Iran, the United States would pay [Venezuela] $200 per barrel of oil. President Chavez also stated

We must cope with climate change, Kempthorne says

The ex-Idaho governor, now Interior secretary, puts together a 90-person task force to figure out what to do. Federal managers of land, water and wildlife must learn to adapt to climate change, Interior Secretary Dirk Kempthorne said Friday. Huge fires burning across the West, droughts in states like Florida and Georgia, and growing water shortages […]

Russia warns it will reject any extra gas demand from Turkey

Turkey’s largest natural gas provider, Russia, has warned state-owned Turkish Pipeline Company (BOTAS) to refrain from demanding more gas than the amount specified in a supply contract between the two countries, according to Energy Ministry officials, leaving Turkey with the threat of yet another natural gas crisis looming on the horizon. Turkey has been relying […]

U.S. fuel thirst deepens despite more mass transit

NEW YORK — Lofty gasoline prices have helped push U.S. public transit ridership to the highest level since the country spawned its highway system in the 1950s — but the growth is not enough to drive down demand for motor fuel any time soon. U.S. public transportation use rose to 10.1 billion rides last year, […]

Renewable energy proposal addresses some vital concerns

Americans overwhelmingly support increasing the generation of electricity from renewable sources. And why shouldn’t they? Renewable energy sources such as wind, solar, biomass and geothermal can help us fight climate change, save American consumers big-time dollars, help rural economies and create thousands of manufacturing jobs. Moving quickly to take full advantage of readily available clean […]

Plans for natural gas wells along wild White River are protested

Plans for natural gas wells along the White River in eastern Utah have drawn objections from more than 50,000 people. Conservation groups rallied members and others across the nation to register the complaints as part of an environmental analysis being completed by the Bureau of Land Management. Only a few hundred people supported development. The […]

BP plans to close gas plant, lay off 45

Forty-five Wyoming workers — mostly in-state residents — will lose their jobs when BP America Production Co. closes the Whitney Canyon natural gas processing plant near Evanston by year’s end, according to the company. BP announced the decision to close the plant Wednesday, noting that production in the field has declined from 365 million cubic […]

Energy lobby marshals forces

Oil, gas drillers preparing to fight for rights on Roan As Congress debates a bill today that would block energy development on Garfield County’s Roan Plateau, the Denver oil and gas lobby is preparing to roll out a counter-blitzkrieg. Colorado Democratic Reps. John Salazar and Mark Udall say a provision in the Energy Independence Act […]

State gets time to review Roan plan

Interior Secretary Dirk Kempthorne has agreed to give state officials more time to comment on the Bureau of Land Management’s plan to allow drilling on Colorado’s Roan Plateau, Sen. Ken Salazar announced today. The Colorado Democrat said he would lift his “hold” on BLM Director nominee James Caswell after Kempthorne agreed to his request for […]

Yesterday This Day’s Madness Did Prepare

One fact to keep in mind. Instead of taking their recent, unprecedented, and obscene profits and reinvesting them, big oil companies are returning the money to shareholders as dividends. Ergo there’s no more oil to be discovered. We know that for other reasons, but if somebody tries to argue with you about Peak Oil, just […]

Urban railway transportation to boom in China

Beijing, August 4 Now, 10 big cities in China, including Beijing, Shanghai, Tianjin, Guangzhou, Shenzhen, Dalian, Nanjing and Wuhan, are blessed with the convenience of urban railways such as subway and light rail with a total length of 621 km. Another 12 cities are building urban railways of their own. Statistics show that some 837 […]

South Africa: Petrol panic sweeps city

Panic petrol buying is sweeping Cape Town as the fuel industry strike bites and pumps run dry across the Peninsula. And there is no chance of more fuel until early next week. While the Western Cape was only beginning to feel the pinch yesterday, the impact the shortage of fuel supplies had been felt in […]

U.S. publishes initial terms for Alaska oil leases

WASHINGTON (Reuters) – The U.S. Interior Department published on Friday the initial terms for its upcoming Alaskan lease sale, which will give energy companies the chance to drill for oil in the state’s Chukchi Sea. Lease Sale 193 will involve about 6,100 tracts spread over 34 million acres off Alaska’s northwestern coast. The tracts lie […]

Where’s the bridge money?

…Insecure road funding is an unintended consequence of what is hailed as a healthy trend toward more fuel-efficient vehicles. Even though the number of cars on the road and miles traveled have grown, gasoline use – and thus gas taxes – have remained essentially flat. The result is that the gas-tax trust fund that has […]

The Philippines: Precious Oil

The Independent Philippine Petroleum Companies Association (IPCA) announced that the public will again expect (dread seems to be a more appropriate word) another round of fuel price increases averaging at P0.50 per liter in the coming weeks. This, IPCA Chairman Glen Yu said, will have to be implemented because of a $4 dollar per barrel […]

Oil exploration boat attacked in Uganda

KAMPALA, Uganda – Gunmen attacked an oil exploration boat in western Uganda early Friday, killing one worker, officials said. The motive for the attack was unclear, army spokesman Maj. Felix Kulayigye said. “We suspect that the gunmen were soldiers from the Congolese national army, though we have no idea why they would launch such an […]

Is green the new sexy?

Recycling and turning off the standby are apparently the new ways to a woman’s heart according to a poll for men’s magazine Nuts. Women quizzed for the survey on the personality traits they found most attractive in men, put caring about the environment top of their list, surprisingly ahead of a good sense of humour. […]

Lib Dems plan air tax to aid rail

The Liberal Democrats say they would put an extra The party says it would generate

India mixes arms and energy access

India’s energy needs and status as a big global arms purchaser from some and supplier to others are increasingly becoming intertwined. Having lost out to China in several direct bids for energy sources around the world, the tying up of energy needs with arms supplies or purchase contracts is emerging as a subtle, even if […]

NI tidal energy project put on hold

A plan to install the world’s biggest tidal energy turbine in Northern Ireland has been put on hold. Marine Current Turbines was going to start installing its SeaGen commercial energy system at the mouth of Strangford Lough at the end of the month.he turbine (shown left in an artist’s representation) would be the first of […]

Russia & Belarus avert energy crisis

Russia and Belarus have narrowly averted another energy crisis after reaching a last-minute agreement to cancel threatened cuts in Russian gas shipments that had rattled European nerves. Gazprom backed down from a threat to slash gas supplies by almost half to Belarus, a key energy transit state to western Europe, after Belarus began repayment of […]

Namibia: Government Lights Up on Solar Energy

Solar-powered water heaters will soon be installed in all Government and parastatal buildings to save electricity, Mines and Energy Minister Erkki Nghimtina announced yesterday. A 20-year off-grid electrification plan for remote areas with mainly solar power – to cost around N$136,7 million – will also be implemented.Opening a conference on renewable energies, Nghimtina said Cabinet […]

Europe: No. 1 in Sustainable Energy

Saving the planet may not seem like the quickest path to riches. Yet plenty of investors are betting that sustainable energy will make them lots of money. Already the sector is fast becoming a multibillion-dollar industry, giving companies the chance to boost their profit margins and help fight climate change at the same time. Taking […]

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