What About the Poor?

Today’s front month oil contract stands at about $77/barrel. Such prices have not dampened demand in China, where demand growth is running at 11%, or in the United States, where finished motor gasoline consumption reached 9.71 million barrels per day in the week ending July 13, 2007. The volatile but rising oil price since 1999 […]

Schools demand fuel as Zimbabwe

Harare (Zimbabwe) An acute shortage of fuel in Zimbabwe is beginning to affect the country A letter from Gateway School, made available to APA Thursday, said that each parent of the more than 1,500 students at the school must contribute five litres of fuel towards the school. The request for fuel comes barely a month […]

Reviewing Linda McQuaig’s ”It’s the Crude, Dude”

…Her last book before her latest one is another important tour de force and subject of this review. It’s titled “It’s the Crude, Dude: war, big oil, and the fight for the planet.” It’s no secret America’s wars in the Middle East and Central Asia are to control what a Franklin Roosevelt State Department spokesman […]

Can ecological economists stop the mainstreamers before it’s too late?

Mainstream economists are trying to kill us. They don’t think of it that way, but they should. The standard policies promoting endless economic growth of the conventional sort are destroying the ecosystem. Converging and interacting with other threats such as population growth, peak oil, and excessive per capita consumption, such policies and the economic growth […]

Oil Hits All-Time High Amid Peaking Supplies, Soaring Demand

…Production from the North Sea continues to fall from its 2000 peak, while Nigeria, a top global exporter, is struggling to keep crude flowing in the face of a bitter insurgency targeting Western oil operations. Meanwhile, conflicts in the Middle East continue to simmer with the specter of a clash with Iran looming large over […]

Jean Laherrere interviewed by The Oil Drum: Europe

After several years calling for a thorough assessment of future Coal production, Jean Laherrere saw this last months his views confirmed by several studies and reports. TOD:E got some reactions on that and much more.“Zittel, and also Rutledge, rightly emphasize the large decreases of coal reserves in countries as Germany and the UK and they […]

Asian Brown Cloud Particulate Pollution Amplifies Global Warming

A new analysis of pollution-filled “brown clouds” over south Asia by researchers at the Scripps Institution of Oceanography in La Jolla, Calif., suggests that the region may be able to arrest some of the alarming melting of Himalayan and other tropical glaciers by reducing its air pollution. The team, led by atmospheric chemist V. Ramanathan […]

Russian Firm May Cut Gas Supply to Belarus

Gazprom, Russia’s state-controlled natural gas monopoly, said Wednesday it will cut off nearly half of its shipments to Belarus within two days, raising fears that the gas supply to many European countries could be disrupted. The Russian company said that Belarus owes it $456 million but that it will keep the gas flowing if Belarus […]

Africa: Experts Highlight Role of Bio-Fuel in Achieving MDGs

Africa must exploit its bio-fuel resources fully and effectively to defeat poverty and achieve the Millennium Development Goals (MDGs), a team of experts underscored at a regional forum on Tuesday. “Promotion of biofuels industry in developing countries has the capacity to propel such countries to achieve the MDGs through poverty reduction (especially job creation and […]

‘Siberian forest fires due to climate change’

Devastating forest fires in Siberia that send a pall of smoke worldwide are happening more frequently because of climate change and in turn accelerating the pace of global warming, scientists claim. In Central Siberia alone fires destroyed 15,000 square miles in 2003, triggering plumes which were linked with air pollution measured as far away as […]

Oil search escalates

The world’s biggest oil producers have boosted their search for oil and gas to one of the highest levels in two decades as prices yesterday neared record highs of more than $US78 a barrel. The Organisation of the Petroleum Exporting Countries, the cartel that controls three-quarters of global oil reserves, said its members operated 336 […]

A cure for oil addicts

Amory B. Lovins talks big. He proposes to wean America off oil by the 2040s, touts ultralight cars and tells some of the most powerful corporate executives in the world, like those at Wal-Mart and Texas Instruments, how to behave more efficiently. But perhaps a former Oxford don — one who built a nuclear magnetic […]

OPEC oil output climbs in July -Reuters survey

OPEC, excluding Iraq and Angola, pumped more crude oil in July than in June, led by a rebound in supply from Nigeria after a spate of outages, a Reuters survey showed on Wednesday. Ten OPEC members bound by output targets, all except Iraq and Angola, pumped 26.75 million barrels per day (bpd), up 150,000 bpd […]

Why oil prices are at a record high

Crude oil hit a record high of $78.77 a barrel on Wednesday after a larger-than-expected drop in crude inventories in the United States, the world’s top fuel consumer. Real and threatened disruptions to crude oil supplies, constraints at refineries in consuming countries, resilient global fuel demand and a flow of investor money into oil and […]

U.S. automakers market share lowest ever

The Detroit automakers’ share of the U.S. market dropped below 50 percent in July for the first time in history, according to an analyst who tracks industry numbers. Analysts attributed the overall auto market dip in July to high gasoline prices, declining home values, higher payments on adjustable rate mortgages and reluctant consumers. With high […]

Focus on carbon ‘missing the point’

The focus on reducing carbon emissions has blinded us to the real problem – unsustainable lifestyles, says Eamon O’Hara. In this week’s Green Room, he argues that bigger problems await us unless we shift our efforts. … These problems all clearly have a common origin, yet the search for solutions has invariably focused on targeted […]

Bush Administration submits evasive Climate Action Report to the UN

The Bush administrationIn a major report delivered on July 27 to the Secretariat of the U.N. Framework Convention on Climate Change, the Bush Administration says that, since 2001, it has dedicated nearly $29 billion to advance climate-related science, technology, international assistance, and incentive programs. However, that considerable investment has apparently not been enough to purchase […]

Marathon to pay $1M oil price manipulation fine

Marathon Oil Corp. agreed to pay a $1 million fine to settle charges that its Marathon Petroleum Company subsidiary attempted to manipulate crude oil prices in 2003, the Commodity Futures Trading Commission announced Wednesday. The commission said it issued an order requiring Marathon to pay the penalty for attempting to manipulate a price of spot […]

Big Oil and Big Media vs. Venezuela

On June 27, the New York Times and Wall Street Journal vied for attention with feature stories on oil giants ExxonMobil and ConocoPhillips “walking away from their multi-billion-dollar investments in Venezuela” as the Journal put it or standing “Defiant in Venezuela” as the Times headlined. Both papers can barely contain their displeasure over Hugo Chavez […]

Venezuela engages in offshore exploration in Cuba

The Venezuelan Petroleum Corporation (CVP) and Cuban CUPET will start Wednesday the first project for offshore exploration in Cuba. According to a press release Tuesday from state-run oil holding Petroleos de Venezuela (Pdvsa), subsidiary CVP and CUPET will start exploration in six blocs of approximately 10,000 square kilometers. “Ascertaining the presence of deposits of light […]

Gazprom says it hopes for major Arctic hydrocarbon discoveries

MOSCOW, August 1 (RIA Novosti) – A Gazprom spokesman said Wednesday that the Russian energy giant expected “major new discoveries” of oil and gas reserves under the Arctic Ocean, and had large-scale prospecting plans for the region. Press secretary Sergei Kupriyanov discussed the company’s plans in a radio interview, the day before a Russian exploration […]

Gas and Glory Fuel Race for the North Pole

MOSCOW Two deep-sea submersibles made a test dive in polar waters Sunday ahead of a mission to be the first to reach the seabed. It took an hour for Mir-1 and Mir-2, each carrying one pilot, to reach the seabed at a depth of 1,311 meters, 87 kilometers north of Russia

CNOOC to exploit oil with US firm despite new tax policy on oil exports

BEIJING, July 31 (Xinhua) — China National Offshore Oil Corp. (CNOOC), the country’s largest offshore oil producer, is in talks with a U.S. firm for a possible product-sharing contract on an oilfield in the South China Sea. The contract, likely to be inked in a few weeks, will make Texas-based Newfield Exploration Co. the first […]

No dealing with unions, says Iraq’s oil ministry

Iraq’s oil ministry has directed all its agencies and departments not to deal with the country’s oil unions. The unions and Iraq’s government, especially the prime minister and oil minister, have been at odds for months now over working conditions and the draft oil law. The unions went on strike in early June and are […]

Africa: Experts Highlight Role of Bio-Fuel in Achieving MDGs

Africa must exploit its bio-fuel resources fully and effectively to defeat poverty and achieve the Millennium Development Goals (MDGs), a team of experts underscored at a regional forum on Tuesday. “Promotion of biofuels industry in developing countries has the capacity to propel such countries to achieve the MDGs through poverty reduction (especially job creation and […]

Oil hits record high of $78.77 a barrel

Oil hit a new record high above $78 on Wednesday after a larger-than-expected drop in crude inventories in the United States. U.S. crude rose to an intraday high of $78.77 a barrel, surpassing the previous peak of $78.40 reached in July 2006. The September contract was trading up 31 cents at $78.52 by 1457 GMT.…Crude […]

There Are Dire Consequences To Continued ‘Growthmania’

…Earth’s finite quantity of raw materials requires fossil fuels from processing to the finished products, and for plastics, petroleum provides the raw stock. Any radical transformation of the energy system in the 21st century will require a range of new technologies on a large scale using limited natural resources. For example, thin-film solar photovoltaics (PV) […]

Argentine Government Continues To Beat Down Fuel Pump Prices

BUENOS AIRES -(Dow Jones)- Argentine fuel retailers have again pledged to drop any pump price increases following apparent government pressure in what is beginning to look like a game of price control “whack-a-mole.” This week, for the second time in as many months, Argentine Commerce Secretary Guillermo Moreno reportedly called up executives at major fuel […]

Energy crisis at Turkey’s doorstep

Officials say the spread of power cuts throughout the country is imminent given that the current energy production fails to meet overall public consumption. They warn power cuts will have catastrophic impacts on the country Power cuts particularly affected coastal tourist cities in the Aegean and the Mediterranean regions as they experience a population surge […]

The Philippines: Palace mulls crisis powers for Arroyo

The looming energy crisis brought about by the extended dry spell might push Malacanang to ask Congress to grant special powers to President Arroyo, ABS-CBN News reported Wednesday. Executive Secretary Eduardo Ermita said the President would need an emergency prerogative to procure fuel for power plants.

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