Chad: Rebel chief threatens oil region attack

A CHADIAN rebel leader overnight threatened to attack Chad’s southern oil-producing Doba region unless France and the US put pressure on President Idriss Deby to start a dialogue with his foes. Timane Erdimi, head of the Rally of Forces for Change (RFC) which attacked Chad’s capital, N’Djamena, early in February along with other rebels groups, […]

Change in gasoline consumption habits bigger story than oil prices

In today’s environment, where headlines scream “Oil at historic highs” or “OPEC to leave production unchanged,” we continue to believe that rising gasoline inventories should actually be the big story of the day. Over the past six weeks the nation’s gasoline consumption has decreased an average of 1.1 percent from last year’s levels. The Wall […]

Deffeyes: Seven Deadly Sins

I really miss the late-evening television performances of Johnny Carson and Ed McMahon. When Johnny departed this Earth, he left his Malibu beach house behind but he must have taken a BlackBerry with him. I found this in my in box: Johnny: The Vatican enlarged the list of deadly sins. The ancient seven were lust, […]

State Inc.

The most important new forces in global business are aggressive, wealthy, and entrepreneurial. But they aren’t corporations: they’re authoritarian governments. …In the past five years, governments around the world have been transforming themselves into deal makers and business players on a scale never seen in the modern era. In China, state-owned oil giant PetroChina has […]

Record oil divorced from fundamentals – OPEC delegate

DUBAI (Reuters) – The weak dollar and the flow of investment money into commodities have pushed oil prices to a fresh record so more pumping from OPEC would have done little to stop the surge, a senior OPEC delegate said on Sunday. The Organization of the Petroleum Exporting Countries (OPEC) left its output steady at […]

Shell to write off half of last year’s reserves

Shell is to slash reserve figures from last year by more than half, taking about 1.3 billion barrels of oil off its books, equivalent to about a year’s production. Chief executive Jeroen van der Veer is also expected to say that production growth will be zero or near zero until 2010 when he gives the […]

Going after the oil companies still targets average taxpayers

As the Oscar-nominated film “There Will be Blood” chronicles well, the discovery of oil in Kern County in the late 19th century triggered a rush of greed, chicanery and, sometimes, violence in the region. Oil made the world go ’round, and the people chasing after it were not always the most savory of characters. A […]

Oil dependency fuels crisis

Things are likely to get worse before they get better Imagine the most hopeful scenario for increasing global oil supplies to keep pace with anticipated demand over the next few decades, and you’ll likely still fall short of projected consumption. The world oil price hit a new high of $110 (U.S.) a barrel last week, […]

Obama and Clinton plan to cool it

The gravest threat to the American way of life is posed by unrestricted greenhouse gas (GHG) emissions. Global warming threatens to put the Southwest into a permanent drought, raise sea levels by 6 or more inches a decade, generate hundreds of millions of environmental refugees at home and abroad, wipe out half the planet’s species, […]

Property plan’s ‘low carbon’ goal

Improving the environmental performance of buildings in North America can cut the region’s carbon emissions more than any other measure, a study suggests. The rapid take-up of current and new technologies could save the equivalent of the amount of carbon dioxide emitted by transport in the US, it concluded.However, it added that developers and homeowners […]

Namibia: Petrol Shocker!

While people are still reeling from the effects of last month’s petrol price hike, another shocker is on the way – petrol is going up again on Monday. Users of diesel will be hardest hit, as the commodity is going up by a whopping 50 cents, while petrol will increase by 31 cents a litre. […]

Climate change confuses migrating birds

The swallows’ return to British shores each year symbolises the passing of winter and the approach of summer. But in a sign of the blurring of the seasons brought on by climate change, one of the birds has this year shunned migration to Africa and instead spent all winter in Britain.In what experts say is […]

Shortages of energy, food worry Pakistanis

With consumer prices for basic goods hitting new highs in Pakistan, anxieties about the country’s economy are also on the rise. After seeing five years of strong gains under the government of President Pervez Musharraf, officials are scaling back expectations for growth in the face of wrenching food and energy shortages. The crisis has taken […]

Biodiesel may help the planet, but the price won’t help you

Anyone thinking that the rising price of gasoline might make this a good time to convert to a “green” fuel such as biodiesel might want to think again. The price of biodiesel has been rising along with the price of petroleum fuel.Biodiesel prices are rising everywhere. According to industry experts, a complex mix of factors […]

Glaciers melt ‘at fastest rate in past 5,000 years’

The world’s glaciers are melting faster than at any time since records began, threatening catastrophe for hundreds of millions of people and their eco-systems. The details are revealed in the latest report from the World Glacier Monitoring Service and will add to growing alarm about the rise in sea levels and increased instances of flooding, […]

Iraq Insurgency Runs on Stolen Oil Profits

BAIJI, Iraq

Protesters rally at Chevron in Richmond, attempt blockade

RICHMOND — More than 300 people marched from downtown Point Richmond to the Chevron refinery today to protest the company they say is processing crude oil imported from Iraq. Vowing to blockade the facility, about 50 people formed human chains at the entrance to the refinery on Richmond Avenue as others held banners, sang and […]

‘Major emitters’ tag upsets poor nations at G20 talks

MAKUHARI, Japan (Reuters) – Developing countries urged rich states on Saturday to be clear about funds to fight global warming and said the label “major emitters” for nations like India and Brazil was unfair. Twenty of the world’s top greenhouse gas emitters were meeting in Chiba, near Tokyo, to discuss ways to reach a global […]

Oil price leap catches out the experts

A handful of Wall Street investors are being blamed for driving up the cost of crude to record highs BOONE PICKENS, the famous Texan oil investor, made a bold prediction three weeks ago. In spite of his predictions, American crude prices last week rocketed to record highs of more than $111 a barrel. Pickens

Post Carbon Montreal examines how to cut reliance on fossil fuels

With the oil price tag topping the $100 mark, more and more people are starting to think about using fossil fuels more efficiently. In January, CIBC World Markets warned Canadians to brace for $1.50-per-litre gas prices in the near future. That prospect and the threat of peak oil is getting Montrealers to think about how […]

New pipelines will even out gas prices

SALT LAKE CITY – In the Rocky Mountains, the energy crisis has mostly been a crisis for natural gas producers and a boon for consumers. Last fall, gas suppliers competing to stuff excess production into constrained pipeline systems drove spot prices to a laughably low 5 cents for 1,000 cubic feet of gas. That’s the […]

Why Silver is better than Oil as an Investment

(Silver’s cheaper, more rare, and not nearly as dirty, or heavy!) 1. There is a 40-year supply of oil in the ground. There is a 14-year supply of silver in the ground. Therefore, silver is the better investment. If “peak oil” is true, then every peak oil nutcase out there ought to be several times […]

US fuel dealers seek emergency heating oil release

NEW YORK (Reuters) – U.S. heating oil distributors are planning to ask the government to release emergency heating oil supplies as part of a package to ease a cash crunch this winter, a source said Friday. The squeeze for dealers has been caused by delayed payments from low-income customers and sky-high prices for their own […]

US approves new oil pipeline from Canada

OTTOWA (AFP) The State Department confirmed the deal, adding that when fully operational, the Keystone pipeline was expected to increase US oil imports from Canada “by an amount equivalent to as much as 4.5 percent of total US daily imports.” AFP

It’s the ’70s, but not all over again

Is stagflation lurking?; This time rising wages and currencies in emerging markets will drive inflation John Crow, a former governor of the Bank of Canada, remembers the stealth with which inflation wormed its way into the Canadian economy the last time that oil and food prices were soaring and the U.S. dollar was tumbling in […]

EU warns US, China on climate change

BRUSSELS – European Union leaders threatened the United States and China with trade sanctions Friday if the world’s two biggest polluters don’t commit to ambitious cuts in greenhouse gases by next year. The warning came as the economic downturn focused European leaders on the impact on industry of their groundbreaking agreement last year to cut […]

Is Suburbia Turning Into Slumburbia?

Every coin has its flip side. Last week, I explored how San Francisco and other centers of innovation around the globe are resisting the downward vortex of the housing market. These fabled super cities, Richard Florida contends in his new book, “Who’s Your City,” are attracting an increasingly disproportionate number of educated, creative knowledge workers […]

Truck firms fuming about high gas prices

With 12 years experience running a trucking company, Chad Bowen thought he

Running on empty?

The latest spike in oil prices doesn’t mean we’re getting down to the last drop. The fact is nobody knows how long the Earth’s reserves will last Depending on whom you listen to, global oil production has peaked, will peak soon, or may not peak for a very long time. Although the peak-oil thesis has […]

A Crude Case For War?

It’s hard to miss the point of the “Blood for Oil” Web site. It features one poster of an American flag with “Blood for oil?” in white block letters where the stars should be and two dripping red handprints across the stripes. Another shows a photo of President Bush with a thin black line on […]

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