The upside to peak fertilizer

Synthetic fertilizer prices are spiking upwards all over the world, inflicting economic pain on farmers everywhere. Another sign of the peak oil apocalypse? The industrial production of nitrogen — a key synthetic fertilizer ingredient — is extraordinarily energy intensive. So when energy prices rise, so do fertilizer prices. And if you buy the thesis that […]

The Peak Oil Crisis: The Future of Our Cars

Last week This leaves us with natural gas and electricity as the only realistic options to power our cars and trucks for the immediate future. It is important to remember that gasoline and diesel will not disappear all at once, but gradually become less and less available over the coming decades and will be accompanied […]

Study: Ethanol may add to global warming

WASHINGTON – The widespread use of ethanol from corn could result in nearly twice the greenhouse gas emissions as the gasoline it would replace because of expected land-use changes, researchers concluded Thursday. The study challenges the rush to biofuels as a response to global warming. The researchers said that past studies showing the benefits of […]

Coal outperforms energy rivals, earning title of other black gold

SAN FRANCISCO (MarketWatch) — Coal, whose price surge has already outrun those of crude oil and natural gas, is generating an even louder buzz as a rash of bad weather has reduced its production globally. Citigroup earlier this week raised its forecast for thermal coal, saying it now expects prices for the benchmark product to […]

Oil firms ordered to Niger Delta

Nigeria’s government has ordered all oil firms that fled the Niger Delta in the wake of militant attacks to return to the area or cease operations. Minister for Special Duties Godsday Orubebe said it was now safe for them to resume production. But oil executives are sceptical about moving back and say the government cannot […]

Alton Mfg F-650 XUV

We’ve seen some outrageous F-650-based vehicles like this before (the DeBerti for one), but for some reason, the Alton F-650 XUV jumped out at us at the Chicago Auto Show. Gallery: http://www.autoblog.com/photos/alton-mfg-f-650-xuv/628747/…..your nearly $200,000 expenditure for this XUV will get you hardwood floors, custom captains chairs, a 42-speaker sound system, two drop-down 16-inch TVs plus […]

Less driving means less demand for gas, lower prices

WASHINGTON That was the second-consecutive week of year-over-year drops. During the last 10 years, weekly gasoline demand has risen 1.6% on average. “It’s prices and the economy,” EIA senior oil market analyst Douglas MacIntyre says. “We’ve had several months of $3 or so gasoline. People are probably thinking it’s more lasting than a price spike. […]

Back up the rabbit hole

…A glance back three decades or so offers a necessary perspective. In the last years of the 1970s, conventional wisdom had it that the energy crises of that decade were the first waves of an The results of this disastrous collective choice have not, I think, been adequately measured even by most thinkers in the […]

Green laws and regulation risk energy crisis, say Europe’s power companies

Europe is facing an energy crisis because of green-influenced legislation and regulation, and difficulty in obtaining planning approval for key projects, energy companies warned yesterday. Europe needs to spend Johannes Teyssen, chief operating officer at E.ON, Germany’s biggest energy group, blamed the European commission’s plans to make companies pay for all their pollution permits from […]

Peak-Oilers Put Money Where Mouths Are

The peak-oil debate no longer is a matter just of the planet If CERA proves correct in its prediction that global oil production will rise by 20 million barrels per day by 2017, then the challengers, the Association for the Study of Peak Oil & Gas, will hand CERA a check for $100,000 nine years […]

Shell Nigeria force majeure to last through March

ABUJA, Feb 7 (Reuters) – Shell Nigeria’s force majeure on crude exports from the Bonny terminal will last for the rest of February and March, a spokeswoman said on Thursday. Shipments were due to stop on Thursday because of leaks on the Nembe Creek pipeline, a trunk line that feeds crude to the Bonny terminal. […]

Energy Dept. to monitor refinery outages

BISMARCK, N.D. – The federal Energy Department has agreed to monitor oil refinery outages, a move Sen. Byron Dorgan believes could help prevent simultaneous plant shutdowns leading to high fuel prices and tight supplies. Dorgan, D-N.D, and energy officials said that last year as many as eight nationwide refinery outages — most of which were […]

Jail politicians who ignore climate science: Suzuki

David Suzuki has called for political leaders to be thrown in jail for ignoring the science behind climate change. At a Montreal conference last Thursday, the prominent scientist, broadcaster and Order of Canada recipient exhorted a packed house of 600 to hold politicians legally accountable for what he called an intergenerational crime. Though a spokesman […]

Nuclear ships could make a comeback

…Today, the Navy’s nuclear fleet consists of only aircraft carriers and submarines. But the equation could change soon. Prompted by higher fuel prices, the Pentagon may greenlight a comeback for nuclear cruisers and perhaps other surface ships. Defense analysts said some of those vessels would surely wind up in San Diego because the Navy is […]

Oil Sector’s Problem In Replacing Oil Reserves Could Worsen

Chevron Corp.’s (CVX) dramatically low 2007 reserve replacement announced last Friday may be the first in a series of disappointing results reported by major oil companies in the coming weeks. Chevron announced Friday that it replaced just 10% to 15% of its reserves in 2007, a rate lower than the already pessimistic 50% to 60% […]

Kazakh state could seize oil fields from investors

The Kazakh state could seize oil fields and mineral deposits from private investors, Prime Minister Karim Masimov said Thursday, following a series of high-profile business disputes involving top foreign energy majors. “If contractual obligations for the development mineral resource deposits are not respected, the contracts will be cancelled and (the deposits) will be returned to […]

Oil Crisis Will Lead to 10-Year Financial & Political Crisis

A growing chorus of voices is screaming for the United States to undertake a Manhattan Project-type program to wean America off its oil dependency. But as Charles T. Maxwell, the Princeton and Oxford-educated Maxwell believes that if the Democrats are in power, their core constituencies

U.S. Pump Prices to Hit $12 to $15 a Gallon

As America enters a world of ever-increasing oil scarcity, there is going to be a Maxwell said it will take $12 to $15 a gallon to get Americans to let go of what he called the

The trouble with hybrids

Hybrid electric vehicles not as green as they are painted Hybrid electric vehicles that run on both conventional gasoline and stored electricity can be no more than a stop gap until more sustainable technology is developed, according to researchers in France. Writing in the Inderscience publication International Journal of Automotive Technology and Management, they suggest […]

More Chicago show news: Muscle cars in miserly times

CHICAGO That may be why executives from both companies now hesitate to call the cars, which carved out a niche in automotive history in the 1960s and 1970s as tire-burning, gas-guzzling speed racers, by their well-earned nickname: muscle cars. They would rather you called the coming production versions “high-performance vehicles,” thank you very much. USA […]

Mozambique says will not compensate for riot damages

MAPUTO, Feb 7 (Reuters) – Mozambique will not pay compensation for property damaged during violent protests over increased transport fares that left three people dead and 104 others injured, a senior government official said on Thursday. Thousands of people took to the streets early this week, protesting against a 50 percent rise in the cost […]

Peak oil rapidly approaching warns oil analyst

One of the hottest topics in the energy industry is the debate about peak oil, which refers to the point in time when global oil production goes into terminal decline. Estimates vary widely as to when peak oil will occur. The US and UK officially say peak oil will not happen before 2030. Others, like […]

Why the price of ‘peak oil’ is famine

Vulnerable regions of the world face the risk of famine over the next three years as rising energy costs spill over into a food crunch, according to US investment bank Goldman Sachs. “We’ve never been at a point in commodities where we are today,” said Jeff Currie, the bank’s commodity chief and closely watched oil […]

Israeli find could help plants adapt to climate change

JERUSALEM (AFP) – Israeli scientists said on Wednesday they had identified genes that help plants weather harsh conditions, a discovery that could lead to the development of crops better able to endure climate change. The study, carried out by scientists at Israel’s Ben-Gurion University of the Negev, found that mutating one of two genes in […]

Desperately seeking energy

Almost every hand shot up. Probably 30 Lincolnites had gathered that night to hear Lawrence speak about peak oil. As the show of hands revealed, most of us knew: that is the point at which the earth’s supply of oil and gas reaches (or perhaps has reached) its peak. It

Late and Lame on Warming

Even allowing for the low expectations we bring to any lame-duck president We were told that Mr. Bush

World Oil Supply: Peak or Not Peak?

The opacity of global oil supply data and just how much oil can be counted as Proven (90-95% probability of recovery), Probable (50%) or Possible Reserves (5-10%) has heightened uncertainty and added impetus to the arguments of Peak Oil theorists and proponents. Taken together with the sharp and sustained oil price rise, rapid industrial growth […]

Total Closes U.K. North Sea Elgin-Franklin Gas Fields

(Bloomberg) — Total SA, Europe’s third-largest oil company, shut its Elgin-Franklin natural-gas and condensate fields in the U.K. North Sea on Feb. 4 after output failed to meet specifications. “We’re shutting Elgin-Franklin down,” Jenny Costelloe, a spokeswoman for Total in Aberdeen, Scotland, said today by telephone. “We are trying to maintain condensate production at a […]

Airbus predicts air travel boom

European plane maker Airbus expects global passenger traffic to grow at an average of 4.9% a year, almost trebling over the next two decades. Average industry deliveries will be 1,215 aircraft a year, up from 1,130 in Airbus’ last global market forecast. It says demand will be greatest in Asia Pacific, which will account for […]

Pressure mounts to drop dollar peg

DUBAI -The relentless decline of dollar over the past few months and Federal Reserve’s interest rate cuts will force Gulf countries to revalue their currencies within months to stem spiralling inflation, currency analysts and experts said. Speculation about a Gulf-wide revaluation is rising before a meeting between Saudi Arabia’s advisory council, the Shura, and the […]

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