10,000-car backup as ice shuts Chinese road

Trains returning to normal, but millions without power as cold continues BEIJING – Railway service inched back to normal Sunday in southern China, a day after one person died in a stampede by frustrated train passengers who were stranded for days because of snow ahead of an important holiday. More than 10,000 vehicles were backed […]

Baghdad says it protested Iranian abuses of Iraqi oilfields

BAGHDAD, Feb 3 (KUNA) — The Iraqi Foreign Ministry said on Sunday it had sent a note of protest to the Iranian side on the background of the Iranian abuses of Iraqi oilfields. Iraqi Foreign Ministry Undersecretary Mohammed Al-Haj Hmoud told KUNA that the Iraqi Oil Ministry called on the Foreign Ministry to protest to […]

Gunmen battle Nigeria troops in oil-rich south, leaving three soldiers dead

YENAGOA, Nigeria: Gunmen battled troops near a petroleum-pumping station in Nigeria’s lawless southern oil region, leaving three soldiers and an unknown number of assailants dead, authorities said Sunday. Oil production was not affected during the incident, said Royal Dutch Shell PLC, near whose oil-pipeline intersection point the fighting took place. Three troops died during the […]

Oil producers limit the options of multinationals

The share of the world’s oil reserves controlled by the big Western oil companies, such as BP, Shell and ExxonMobil, has fallen to less than 10 per cent, compared with 70 per cent in 1978. The world’s reserves are dominated increasingly by government-controlled national oil companies in big producer countries such as Saudi Arabia, Russia, […]

Peak oil: Will we see it coming?

President Bush recently came back from his meeting with the leader of Saudi Arabia, King Abdullah, where he made a personal plea for the Saudis to put more oil on the market. The Saudis refused, claiming that the market is adequately supplied with oil. In a later interview with ABC news, Bush cast doubt on […]

GM Unveils Hybrid Pickups

DETROIT – General Motors Corp. will introduce a new hybrid full-size pickup and a concept hybrid truck this week at the Chicago Auto Show, betting that pickup drivers have been itching to jump on the hybrid bandwagon. GM says the 2009 GMC Sierra hybrid gets a 25 percent improvement in fuel economy without compromising performance, […]

A Frail Economy Raises Pressure on Iran

TEHRAN From fundamentalists to reformists, people here are talking more loudly about the need for a more pragmatic approach, one that tones down the anti-Western rhetoric, at least a bit, and focuses more on improving management of the country and restoring Iran

Bio-fuel bubble: India

BANGALORE: The bio-fuel bubble built over the jatropha rage may not last long as the jatropha cultivation and production of bio-fuel from it is facing major hurdles now in India. In-depth research into the field has shown that if the present trend continues, India According to a Rabobank report, quoted widely by the media in […]

Not guzzling but still thirsty

A new federal fuel-efficiency law gives a break to makers of SUVs — and the customers who, despite the rising cost of gas, can’t live without them With gas prices headed for record highs, Roy Berkeridge thought about swapping his pickup for a more fuel-efficient car. But instead, the 52-year-old Halethorpe resident recently decided to […]

‘Lifestyle’ Outlet Malls: Today’s Bell-Bottoms

…Wrentham Village reflects the current fashion among retailers I also noticed, while strolling along its covered walks, the number of stores that had their doors propped open, no doubt to draw in potential customers, but paying the price by air conditioning the great outdoors on that sweltering hot day. Add to that the competitive pressures […]

Former Morgan Stanley chief strategist advises buying remote land, food, guns

Barton Biggs has some offbeat advice for the rich: Insure yourself against war and disaster by buying a remote farm or ranch and stocking it with “seed, fertilizer, canned food, wine, medicine, clothes, etc.” The “etc.” must mean guns. “A few rounds over the approaching brigands’ heads would probably be a compelling persuader that there […]

Food-deficit countries hit by high oil prices

NEW DELHI: Many low-income food deficit countries around the world have to shoulder a heavy financial burden in order to meet the cost of food imports amid tightened supplies and oil price increases, according to Jacques Diouf, Director-General of the UN Food and Agriculture Organisation (FAO). For most cereals, supplies were much tighter than in […]

Air Force pitches coal-to-liquids plant

Air Force officials have laid out an ambitious plan to develop a privately financed coal-to-diesel plant at Malmstrom air base within the next four years at a cost of $1 billion to $4 billion. The plant, which would be among the first of its kind in the nation, would use a technology perfected in Nazi […]

CAROLYN BAKER REVIEWS

…For at least the past two years I have been writing and speaking about the collapse of empire/ civilization, along with a chorus of other voices such as Matt Savinar, Mike Ruppert, Dmitry Orlov, Catherine Austin Fitts, Richard Heinberg, James Howard Kunstler, and Tim Bennett and Sally Erickson. I name only a few of us, […]

Iran says French base in Gulf ”not conducive” to peace

TEHRAN (Reuters) – Iran declared on Sunday that a French military base in the Gulf would not help security and peace in the oil-rich region. Paris signed a deal with the United Arab Emirates in January to build France’s first permanent military installation in the Gulf, just across the water from Iran. The base will […]

Libya oil chief doubts OPEC will lower output

VIENNA (AFP) – Libya’s oil chief Shukri Ghanem downplayed fears on Saturday that oil cartel OPEC could decide to lower production at its March 5 meeting in Vienna. “I don’t think much will happen (at the meeting). I think prices will stay between 85 and 90 dollars,” Ghanem told AFP after an extraordinary meeting of […]

Nightmare in Africa: the crisis in Darfur has spread to Chad

Sudan-backed rebels invade Chadian capital N …A further complication is the recent discovery and exploitation of oil in Chad, which gives the country great strategic importance. The West will be deeply worried if it falls under the control of a Khartoum client government. The first crude oil began flowing from Chad in 2003 along a

PEAK OIL: Is It Real? When Might It Occur?

Matt Simmons has posted a new presentation at his web site.. Most Oil Pundits Scoff At Peak Oil Issue ● Energy optimists loudly deny that Peak Oil is a serious risk. ● CERA proclaims it is decades away and followed by lengthy Simmons Int’l

Uranium reserves in Mali ‘highly encouraging’: Australian company

Australian mining company Oklo Uranium Limited said Saturday the result of prospecting for uranium in Mali was “highly encouraging”, with widespread elevated uranium levels in the northeastern Kidal region. A report Friday by the Dakar-based OuestafNews website was confirmed by the company in a statement obtained by AFP on Saturday.Oklo has identified a large uranium […]

US nuclear power plants to get more Russia uranium

U.S. nuclear power reactors will be able to obtain more supplies of Russian enriched uranium for fuel, under a trade deal signed by the two countries late on Friday. The agreement will provide U.S. utilities with a reliable supply of nuclear fuel by allowing Russia to boost exports export to the United States while minimizing […]

China disputes claim of coal shortage link to power plant closings

China’s State Administration of Work Safety (SAWS) on Sunday disputed claims that coal shortages being experienced around the nation were related to a campaign to close small coal-fired power stations. SAWS said that in 2007, the country eliminated 553 small thermal power generators with a total capacity of 14.38 million kilowatts, 44 percent above target. […]

Gas-to-liquid fuel used in Airbus flight

Airbus tested gas-to-liquid fuels Friday on a superjumbo A380 in the first flight of a commercial aircraft using the potential alternative to regular jet fuel. Airbus conducted the trial flight with Rolls-Royce Group PLC, whose Trent 900 engines power the double-decker A380 used for the trip, the Toulouse, France-based manufacturer said at a briefing in […]

Tesla to make gas-electric car

Tesla Motors, the people who put the all-electric car on the map, are going to work with gas too. The San Carlos, Calif.-based company will produce two basic types of its Whitestar sedan, due toward the end of 2009. One will run completely on batteries. The other will be a range-extended vehicle, or REV, CEO […]

Iraq Cancels Oil Deal With Austria OMV

Iraq has halted oil exports to Austria’s OMV, the leading oil and gas group in central Europe, to protest a deal with the self-ruled Kurdish region, a government official said Saturday. The company joins South Korea’s SK Energy in being cut off because of deals with the Kurds that are not sanctioned by the government […]

Column: Getting ready for the end of oil

Where will you be when all the oil is gone? How will you get your food, heat your home and get to work? We may not be around when the last drop burns away, but a 37-year-old Wayland Middle School teacher has taken on the task of convincing us to prepare for that day.The answer […]

Report Compares Global Standards Specifications for Bioethanol, Biodiesel

The governments of the United States, Brazil and the European Union (EU)—the world’s major producers of biofuels—released an analysis of current biofuel specifications with the goal of facilitating expanded trade of these renewable energy sources. One potential obstacle to achieving greater efficiency in the global biofuels market is confusion over differing—and sometimes conflicting—standards for characterizing […]

Not So Big Oil

How should you be trading crude oil and the refiners? Find out from one of the biggest energy investment bankers in the business. Matthew Simmons, Chairman of Simmons & Company International, joins the panel for this conversation. Since 1974, Simmons has closed over $100 billion in energy-related mergers and acquisitions. Following is a summary of […]

Surviving the end of the oil age

Like many individuals, James Howard Kunstler becomes frustrated every time he sees prices rise at the gas station. The Institute for Sustainable Energy, Environment and Economy kicked off their third Distinguished Speaker Series with a speech by James Howard Kunstler about his new book, The Long Emergency: Surviving the End of the Oil Age, Climate […]

Canada learns from the US, muzzles climate scientists

…It’s no secret that the Bush White House hasn’t been much of a friend to science during its seven-year stretch: The Republican War on Science, a book detailing various political assaults on research, is a best seller. But those of you thinking that this phenomenon is specific to the United States need to think again. […]

Venezuela seeks up-front cash for $1 bln fuel oil

CARACAS, Feb 2 (Reuters) – Venezuela’s state-run oil company PDVSA is seeking a $1 billion up-front payment for several large shipments of fuel oil, El Universal newspaper reported on Saturday, in what may be a new sign of cash flow problems. Under the deal, Venezuela is selling the fuel relatively cheaply but wants payment next […]

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