Subsidised fuel weighs on India’s budget

Thakoo Bai Arwar is one of millions of poor Indians who waits for this time of the month, every single month. It is when she can head to the government ration shop and buy her monthly supply of subsidised kerosene. She and her family depend on the low price of kerosene – a fuel that […]

Honduras seeks to resume oil imports from Venezuela

TEGUCIGALPA, Nov 24 (Reuters) – Honduras is seeking to resume oil imports from Venezuela after 15 years in a move that would further strengthen President Hugo Chavez’s influence in Central America. The administration of President Manuel Zelaya, burdened by the surge of international oil prices, will start talks with Caracas next week and the idea […]

Nigerian military reports clash with militants near Shell gas plant

PORT HARCOURT, Nigeria: Nigerian troops clashed early on Sunday with armed militants in the Niger Delta oil region near a natural gas facility run by Royal Dutch Shell PLC, a military official said. The latest encounter between troops and militants in rising violence in the troubled region occurred in Soku, in the southern swamps of […]

Oil prices to keep rising as demand grows

With world oil prices nearly touching $100 a barrel in the past week, we are living through the third great energy shock of the post-war era. But this time, demand from India and China means that prices are unlikely ever to go down again. Since 2004, oil prices have risen on a scale similar to […]

Road to the White House: Energy rises as primary issue

Democrats focus on global warming, Republicans zero in on independence Oil prices flirting with $100 a barrel, warnings of climate change and holiday road trips fueled by gas topping $3 a gallon are combining to give energy issues unprecedented prominence in the presidential campaign. “The bottom line for us, we’re happy everybody is talking about […]

Top US engineer in piss-off-everybody car fuel solution

Farmers, oil barons, terrorists, Honda: All bastards An American aerospace engineer and tech author has written a book suggesting that America – and with it the rich West – should free itself from dependence on oil, as oil money is the primary driver behind jihadi extremism. Robert Zubrin has an impressive panoply of technical credentials. […]

Higher diesel fuel costs have area truckers hurting

Costs can’t be passed along to customers fast enough BELLEVUE Rising diesel prices

Ethanol industry see future in pipeline

LARIMORE, N. D. Not everyone thinks one is needed. The ethanol industry is still new enough that it

Climate change science hard to ignore

…Beyond global warming from atmospheric CO2, climate scientists are very concerned about climate tipping points. These tipping points occur when the Earth warms enough to jump start natural processes that cause increasing, runaway warming. Glaciers, especially in Greenland and Antarctica, represent a stabilizing influence on the climate, much like ice cubes keep a drink cold. […]

Iraqi Kurds Brush Off Baghdad Government Nullifying Oil Deals

AMMAN -(Dow Jones)- The Kurdistan Regional Government Sunday brushed off a statement by Iraqi Oil Minister Hussein al-Shahristani in which he declared all oil contracts signed by the Kurdish regional authorities with foreign companies null and void. “By stating that, al-Shahristani has gone beyond his powers and size,” KRG spokesman Jamal Abdullah said in statement […]

The needle and the damage done

The hastening end of the Petroleum Age, a scenario that always has been confidently rejected by the global oil industry, is becoming harder to ignore. This has little if anything to do with a world crude oil price poised to cross the $100 (U.S.) per barrel threshold. Oil, which closed last week at $98.18, is […]

Don’t be fuelled..

They’ve just kept finding more of the stuff. Not for much longer though. What’s left is increasingly difficult – and gobsmackingly expensive – to pump out of the ground, usually deep beneath the ocean floor. Which is one of the reasons the price has just hit $ 100 a barrel – or probably will have […]

Reaching our peak oil supply

The IEA forecasts world oil supply at 116 million barrels a day by 2030, up from 85 million barrels a day now – enough to meet expected demand. Some top oil company CEOs disagree. Christophe de Margerie, chief of the French oil giant Total, said in late October that a supply level of even 100 […]

Environmentalism and the future of coal, part two

So if coal is going to be a major part of our energy system for the foreseeable future, what should we do about it? First, some of coal’s problems may be solved in unexpected ways through sharp regulation and smarter R&D. Several boiler manufacturers are attempting to design C02 scrubbing retrofits for power plants. Greenfuel […]

Oil platform catches fire north of UK

LONDON – An oil platform north of Britain caught fire on Sunday, and helicopters were fighting strong winds to rescue the 159 workers aboard it, the Royal Air Force said. At least 44 of the workers were quickly removed from the Thistle Alpha platform in the North Sea, and seven rescue helicopters were trying to […]

Mortgage Failures Could Create Nightmare

When Domenico Colombo saw that his monthly mortgage payment was about to balloon by 30 percent, he had a clear picture of how bad it could get. His payment was scheduled to surge by an extra $1,500 in December. With his daughter headed to college next fall and tuition to be paid, he feared ending […]

What will happen when the cheaper oil runs out?

With oil now flirting with the $100-a-barrel mark, the question arises: Will there always be more oil? As it turns out, most experts in the field now believe that the world is a long way from running out of oil in the ground. But the ability to extract that oil may be nearing its limit. […]

Northerners eyeing new riches

Oil, gas, gold, uranium. Immense wealth is there for the taking “I know it sounds strange because melting sea ice could drive the polar bears away from here,” Mike Spence, the longtime mayor of Churchill, told me when we had dinner later that evening. “But a lot of people also think that’s going to happen […]

The Technodevelopmental Quartet

I am fascinated by a few broad concurrent The first of these trends is what I call Resource Descent, which encompasses

China orders curbs on government departments’ car use

BEIJING, Nov. 24 (Xinhua) — China’s State Council, or cabinet, has ordered all central government bodies to use “economic, energy-saving, environmentally friendly and domestically manufactured” automobiles and ban the private use of official cars. “All units should tighten the regulation of cars and cut down the size of the fleet to a controlled scale. The […]

Iraqi forces detain dozens in major offensive in oil-rich city of Kirkuk

BAGHDAD: Authorities imposed a daylong curfew in the northern city of Kirkuk and surrounding areas on Saturday as Iraqi security forces captured dozens of suspected militants during a major offensive amid fears of violence in the oil-rich area. Acting on intelligence, more than 1,000 Iraqi police and army soldiers poured into the streets of the […]

The Falling Dollar and Prestige

With soaring oil prices and a weakening dollar, the prestige of the American currency seems to be fading. At a recent OPEC summit, Iranian and Venezuelan leaders suggested pegging the price of oil to the Euro instead of the U.S. dollar. Daniel Yergin of Cambridge Energy Research Associates discusses high oil prices and a weak […]

Debating the Merits of Energy From Air

Supporters see modern wind turbines not as Don Quixote’s ferocious giants but as elegant symbols of a clean-energy future. But as the industry expands amid global pressure to cut carbon emissions and fight climate change, an increasingly mobilized anti-wind farm lobby in Europe, North America and elsewhere is decrying the turbines as ugly, noisy and […]

Far From Beijing’s Reach, Officials Bend Energy Rules

When the central government in Beijing announced an ambitious nationwide campaign to reduce energy consumption two years ago, officials in this western regional capital got right to work: not to comply, but to engineer creative schemes to evade the requirements. The energy campaign required local officials to raise electricity prices as a way of discouraging […]

Biofuel revolution reaches aviation

Airplanes have a useful lifespan of 30 to 40 years. And their manufacturers want to ensure they have fuel until the end, chemical engineer Expedito Parente explains to Tierramerica. Three decades ago, he invented biodiesel and biokerosene, both refined from oleaginous crops. Before today’s fuel-hungry airplanes are ready to be scrapped decades from now, petroleum-based […]

Saudi Arabia’s 4th Strategic Oil Storage Facility Set

Saudi Arabia’s fourth strategic petroleum storage facility is now ready in Madinah. Prince Abdul Aziz ibn Majed, governor of the region, will open the facility tomorrow on behalf of Crown Prince Sultan, chairman of the Saudi Strategic Storage Program (SSSP). The Madinah storage site was formally handed over to Saudi Aramco in February this year. […]

Brunei: Oil Boom No Excuse To Waste Energy, Experts Warn Companies

With oil prices creeping towards US$100 per barrel, it appears that Brunei Darussalam stands to benefit from the boom. However, we must not neglect efforts to save energy too as many businesses that rely on it as their primary source of power will not be able to sustain themselves in the long run. Kazuhiko Yoshida […]

Spiralling oil prices will hit growth worldwide

There are three major outcomes of an oil price increase. First, with the increase in the expenditure on oil people have less money to spend on consumption of other products. That pulls down growth. Second, the increase in the price of petroleum products, particularly petrol and diesel, kicks up inflation and consequently interest rates. Third, […]

If you really love the planet, hate the oil

The latest report of the U.N. Intergovernmental Panel on Climate Change (IPCC) is explicit: If temperatures rise in the range of 1.5 to 2.5 degrees Celsius above what they were in 1999, up to nearly a third of all species on Earth will likely face an increased risk of extinction. Think of it. One-third of […]

Early climate change victim: Andes water

EL ALTO, Bolivia – Twice a day, Elena Quispe draws water from a spigot on the dusty fringe of this city, fills three grimy plastic containers and pushes them in a rickety wheelbarrow to the adobe home she shares with her husband and eight children. But the water supply is in peril. El Alto and […]

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