High fuel prices are puzzling

The wholesale cost is down, but the retail average remains above $3. It may go up soon. The middlemen who buy and sell fuel on the wholesale market have seen Los Angeles gasoline prices plunge more than 50 cents in the last two weeks. Too bad drivers aren’t seeing the full benefit at the pump. […]

Biofuel production may worsen water, food problems in Asia: study

An international research group has warned in a recent study that continued rapid growth in biofuel production may worsen already serious water resource and food problems in Asia. The International Water Management Institute said in its report that “Ambitious plans in China and India to greatly increase domestic production of biofuels derived from crops will […]

EU Steel Industry Warns Brussels on Climate Plan

Europe’s steelmakers warned the European Commission on Tuesday that production and jobs would move abroad to less environmentally demanding locations if Brussels did not amend radical plans to fight climate change. Philippe Varin, president of the European Confederation of Iron and Steel Industries (Eurofer), said proposals to curb greenhouse gas emissions due out on Wednesday […]

India: Electric vehicles to replace petrol fleet

The ‘going-green’ concept is yet to strike a chord with the automobile industry. Although it is this sector which contributes 60% of the pollution which chokes the urban populace, the Indian automobile industry hasn’t shifted its gear into the green mode. Substituting petro-diesel vehicles with eco-friendly variants can never be easy. Government support has been […]

Energy: Centre of power is on the move

The story of energy in the 21st century has been the relative decline of the developed world as both a producer and a consumer. New forces with serious global ambitions such as China National Petroleum Corporation and Russia’s Gazprom have emerged on the world stage, and global markets for oil, gas, coal and uranium are […]

EU to Present Far-Reaching Plan Against Climate Change

The European Commission will on Wednesday, Jan. 23, unveil sweeping plans to fight global warming, under heavy fire from industry and many EU member countries over the possible costs of the scheme. Consumers too will not escape the costs, which Commission chief Jose Manuel Barroso said would amount to a total of around 60 billion […]

Japan to probe seabed for deposits of rare metals

In a move to become resource independent from China officials at the Ministry of Economy, Trade and Industry (METI) Japan advised “The Times” that they plan to tap huge, black submarine boulders for deposits of rare metals extruded from the earth’s core from two spots of seabed potentially rich with indium, gallium and germanium. If […]

UK universities in

Durham University is to lead a Thin film solar cells based on polycrystalline chalcopyrites such as CuInSe2 are 100 times better at collecting photons than silicon, allowing a 2.5

Strong demand to boost spot uranium price in 2008

Uranium spot prices are forecast to climb this year on stronger demand, but rising supplies are expected to cap the market in 2009, a Reuters survey showed. A survey of 16 analysts conducted over the last month produced an average mid-range price for spot uranium UX-U3O8-SPT of $106.90 per pound in 2008 and $91.90 in […]

Biofuel isn’t the instant cure for motor sport’s environmental ills

Last weekend in Taupo, New Zealand, motor sport went green. Actually, that’s an exaggeration. One of the sport’s hundreds of championships hitched a ride on the environmental bandwagon. But only a third of it clung on. Need me to explain? A1GP – the self-styled ‘World Cup of Motor Sport’ and one of racing’s few recent […]

The end of cheap oil: Are you ready?

Supply chain managers must take action today to prepare for the end of the Oil Age tomorrow. A few years ago, I discovered “Hubbert’s Peak,” a theory that the world’s oil production will decline in this decade as oil becomes harder to find and extract from the ground. That discovery made me realize that my […]

Why we

I wasn MIT macroeconomist Olivier Blanchard wrote a paper on why conditions today are so different from the

WWF calls for moratorium on oil exploration in Arctic

TROMSOE, Norway (AFP) – Global conservation group WWF called on Tuesday for a moratorium on all new oil exploration in the Arctic, insisting that the environmental risks to the sensitive eco system there were too great. “The WWF is formally calling for a moratorium on new oil and gas development in the Arctic,” Neil Hamilton, […]

South Africa: Tourists stranded on Table Mountain

500 trapped on major attraction as energy crisis grips southern Africa JOHANNESBURG, South Africa – The power woes being felt across southern Africa reached one of the region’s premier attractions Aging infrastructure and growing demand has lead to increasing power outages in southern Africa. This has been exacerbated in the last week as rolling blackouts […]

Airlines withdraw fuel fee increase

NEW YORK – Major U.S. airlines on Tuesday rolled back a fuel surcharge increase aimed at offsetting soaring oil prices as consumers balk at higher ticket prices and worries over the health of the economy grow. AMR Corp’s American Airlines, Delta Air Lines Inc. and US Airways Group Inc., all rolled back the increase on […]

Total faces ‘huge cost issues’ in Iranian gas project

The French oil company said it is reviewing the liquified natural gas terminal after construction costs rose. ABU DHABI: The French oil company Total said Tuesday that it was facing budget problems on a major liquefied natural gas project in Iran and that it was reviewing plans with the Iranian government. “We are reviewing the […]

Sweden to study belching cows

STOCKHOLM, Sweden – A Swedish university has received $590,000 in research funds to measure the greenhouse gases released when cows belch. About 20 cows will participate in the project run by the Swedish University for Agricultural Sciences in Uppsala, about 40 miles north of Stockholm, officials said Monday. Cattle release methane, a greenhouse gas believed […]

SHELL GAME, A Review By Carolyn Baker

Like any good story, Shell Game is not linear but rather unfolds in a spiral of intrigue that culminates in a second 9/11-this time a nuclear one occurring in Los Angeles. But first and second 9/11’s are not the principal focus of Alten’s captivating novel. He has painstakingly clarified the corruption, greed, and power-driven madness […]

US censors Arctic scientists’ findings as it prepares for oil and gas auction

The United States has blocked the release of a landmark assessment of oil and gas activity in the Arctic as it prepares to sell off exploration licences for the frozen Chukchi Sea off Alaska, one of the last intact habitats of the polar bear. Scientists at the release of the censored report in Norway said […]

Is peak oil good news or bad for hydro and seismic operators?

Evidence suggests the world is rapidly approaching Output is already shrinking in 60 of the world

A Bush visits a Saud, but much has changed

RIYADH: The Saudi monarchy once depended on the United States to protect its reign and its oil from foes like Saddam Hussein. These days, President George W. Bush needs the world’s biggest exporter of crude more than it needs him. With oil at about $90 a barrel, the U.S. economy at risk of sliding into […]

Nepal students burn tyres to protest fuel hike

KATHMANDU (Reuters) – Hundreds of students burned tyres and brought traffic to a halt on the roads of Nepal’s capital on Tuesday in protest against a steep hike in the price of cooking gas and diesel. The Nepal Oil Corporation, the state-owned monopoly, raised prices of diesel, kerosene and cooking gas on Monday by up […]

Fuel hikes won’t spur public transit

People’s time is too precious to give up cars With world crude oil prices hovering near $100 per barrel and cost at the gas pump exceeding $3 per gallon, all the ingredients would seem to be in place for dramatic changes in our daily commuting patterns, with millions of Americans shifting from private cars to […]

High gas prices: Recession-proof

Americans may see falling stock markets and employment rates, but worldwide demand and OPEC should keep the heat on oil and gas prices. NEW YORK (CNNMoney.com) — Contrary to popular belief, Americans facing a looming recession should expect little relief in the form of lower gas prices, experts say. Despite recently falling oil and gasoline […]

Do we know what we’re doing?

…Take for example, the proposed Department of Energy salt dome project near Richton slated for storing 160 million barrels of oil. Sounds simple doesn’t it? Just dig a hole in the ground, create jobs, and bring money into the state. No big deal, right? The DOE plans to place roughly 250 miles of pipe lines, […]

More cities get on board with hybrid buses

Mass-transit systems across the USA are accelerating orders for diesel-electric hybrid buses, despite an extra cost of more than $100,000 per bus. Four U.S. cities recently ordered more than 1,700 hybrid buses, General Motors, one of two major manufacturers of hybrid bus systems, plans to announce today. The orders include 950 for Washington, D.C., 480 […]

News blackout for giant new Nigerian oil ship

LAGOS, Jan 18 (Reuters) – A giant new oil production vessel has arrived at the Agbami field off the coast of Nigeria, but U.S. company Chevron has imposed a news blackout due to security fears, industry sources said on Tuesday. The California-based company is afraid that armed groups in the Niger Delta might try to […]

Red Cross refocuses aid budget on threat of climate change

GENEVA (AFP) – The international Red Cross said on Monday it will refocus its budget and aid appeals for the coming year to better meet the growing threat of climate change and associated natural disasters. The International Federation of Red Cross and Red Crescent Societies (IFRC) launched an appeal for 326 million Swiss francs (292 […]

Oil sinks to 6-week low on U.S. recession fears

LONDON (Reuters) – Oil fell to a six-week low on Tuesday, dragged lower by a stock market plunge and fears a slowdown in the United States could have a much wider impact than previously thought. Speculative funds have begun to sell positions in oil markets and other commodities as they readjust portfolios, analysts said. U.S. […]

FAO sees record world food prices staying

The demand for bio-fuels in Europe and the United States will also continue to pressure prices of maize and soya. The United States, which exports around two thirds of the world’s traded maize, already last year increased the area under maize cultivation by 18 percent, at least in part to meet the demand for bio-ethanol, […]

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