Peak Oil? Industry Numbers Disagree

The supply of oil, one of the most crucial elements for all energy choices Mr. Yergin

Why your food is costing more money

Wheat, corn, and soybean prices are surging; is ethanol to blame? WASHINGTON – If you Well, it’s not just the price of gasoline that’s going up. That beer, turkey and chicken are also costing more too. As President Bush noted in his comments on the economy Friday,

The Next Ocean

Biologists are discussing what the chemistry change will do to marine creatures: It looks like bad news for calcium users and a new dawn for slimy rocks. It could begin an age of simplification for ocean ecosystems. Either way, there’s a rising consensus that, by changing the oceans’ chemistry and biology, burning fossil fuels is […]

Forests vanishing fast: WWF official

An increasing percentage of greenhouse gas emissions is a result of deforestation and forest degradation, said Fitrian Ardiansyah, climate and energy program director for the World Wildlife Fund (WWF). “The current split of greenhouse gas contribution is 80/20, between energy sources and deforestation. However, that percentage may alter if we don’t stop chopping down trees,” […]

Who will win this clash of dolphins versus our oil on troubled waters?

It is a classic conservation-versus-development dispute. Desire to find more oil and gas reserves off Scotland’s coast is clashing with concern for a colony of renowned bottlenose dolphins which is also a valuable asset – in tourism terms. Yesterday the Scottish Government came out fighting for the dolphins and said they should not be affected […]

China – World’s Largest Miner – Is Short of Coal

While China, an importer of enormous amounts of iron ore, is doing its utmost to avoid a crippling price rise for that particular commodity, it is also the world’s largest coal miner and many here would be quite happy to see its price shoot for the moon. But price hike or no price hike, China’s […]

Lawsuit Seeks to Block Uranium Mining at Grand Canyon

One of the great natural wonders of the world – the Grand Canyon of the Colorado River – is threatened by uranium exploration.Three conservation groups filed a lawsuit Wednesday challenging the approval of up to 39 new uranium drilling sites within a few miles of Grand Canyon National Park. In December, the Kaibab National Forest […]

Virgin’s biofuel is a PR stunt says BA boss

Richard Branson’s promotion of biofuels is a PR stunt and green taxes on aviation are pure opportunism according to the chief executive of British Airways. As the Queen unveiled Heathrow’s “I recognise that we are a polluter. I recognise equally that we don’t have an alternative to kerosene and carbon-based fuels at this point,” he […]

U.S. Population Grows Due to Immigration as Infrastructure Weakens

Let’s think about energy. The United States is already the world’s largest oil-using nation (21 million barrels per day) and the largest oil importer (13 million barrels), so again… how much more oil will these new immigrants consume? While we are at it, the electricity system is strained to its limits in several regions. Each […]

Burning Forests to Feed Cars

If you thought burning food for fuel — agrofuels — has been an unmitigated disaster, just wait until we start chopping up our last natural forest habitats for cellulosic ethanol biofuel. Much heralded second generation biofuels, to be based largely upon woody biomass, will be a resounding ecological disaster, and must be stopped now. It […]

Bush says U.S. energy policy has not been very wise

“You talk about the price of oil, yeah it’s high. It’s high because demand is greater than supply,” Bush said. “It’s a difficult period for our folks at the pump and there’s no quick fix,” he said Guardian

Solar tower of power coming to Spain, Abu Dhabi

Spanish renewable energy firm Sener and Abu Dhabi’s clean-energy initiative, Masdar, announced a joint venture on Wednesday to build several power plants fueled by the sun’s heat. The newly created firm, Torresol Energy, said it plans to build at least two large concentrating solar power plants a year with a goal of generating 320 megawatts […]

Supply, demand testing metals

Here’s the bottom line. We are in danger of, if not running out of metals, at least never again having enough to meet the world’s needs. Indium, for example, is vital to the manufacture of solar cells, liquid crystal displays and other electronics. Yet there are predictions out of Germany that, within 10 years, we […]

EU’s biofuels target could be amended amid concerns

The European Union’s ambitious target on using biofuels in cars could be amended in the face of concerns over rising food prices, the EU’s Slovenian presidency said Thursday. “There will be more analysis but we don’t have any clear answers,” Slovenian Prime Minister Janez Jansa told a press conference after the first day of an […]

Fertilizer Runoff Overwhelms Streams and Rivers–Creating Vast ”Dead Zones”

The water in brooks, streams and creeks from Michigan to Puerto Rico carries a heavy load of pollutants, particularly nitrates from fertilizers. These nitrogen and oxygen molecules that crops need to grow eventually make their way into rivers, lakes and oceans, fertilizing blooms of algae that deplete oxygen and leave vast “dead zones” in their […]

Gas bills ate your rebate

Rising pump prices means a big chunk of your check could end up stimulating an economy far from America’s. NEW YORK (CNNMoney.com) — OK, so maybe not all your tax rebate, but a big chunk of it. Rising gasoline prices means that up to a third of your stimulus rebate check – designed to boost […]

Global

…The price of crude oil was trading near $70 a barrel as recently as last August, when the Fed suddenly jolted the markets, by lowering its discount rate to 5.75% on Aug 17th, timed to squeeze short sellers in the stock market, on options expiration day. The Fed On Feb 15th, Fed chief Ben Bernanke […]

Should Oil Be Trading at $60 or $150?

Can the price of oil be blamed on commodities investors and futures traders artificially driving up values? While the price of crude oil was surging past $100 a barrel last week, Philip K. Verleger, Jr. was busily penning his latest letter, “Notes at the Margin,” to the clients of PKVerleger LLC. Clarence Cazalot Jr., CEO […]

Thailand – Urgent talks as diesel tops $127

The Energy Ministry is seeking an urgent meeting with the National Energy Policy Council to address the sharp spike in diesel prices, after refined diesel hit US$127.08 a barrel yesterday. Energy Minister Poonpirom Liptapanlop said the 90-satang-per-litre subsidy, approved on Wednesday, would provide temporary relief but the domestic retail price would follow the global trend. […]

Ontario’s Bruce Power talks of nuke plant for northern Alberta

Nuclear power could cut oil sands emissions Bruce Power, a private nuclear utility that generates about a fifth of Ontario’s electricity, said Thursday it has taken a step that could lead to construction of Western Canada’s first nuclear plant. Bruce said it filed an application with the Canadian Nuclear Safety Commission for clearance to prepare […]

With futures hitting $1,000 per ounce, more investors seeking out gold

…Two elements will continue to contribute to a rising gold price for the foreseeable future, he said. The first one is a rising oil price. “Production is in decline. We hit peak oil production apparently in February 2006 … (Meanwhile) demand is rising” in North America, China, India, Russia and Brazil. “That situation isn’t going […]

New Zealand – Govt to oil explorers: You pay

Government subsidies to boost exploration in the oil and gas sector are off the table in the face of record oil prices of US$111 ($135) and the vast profits reaped by the major oil companies in recent years, Energy Minister David Parker says. Similarly, the Government will not be making any major priority for the […]

$200 Oil Is a Very Real Possibility

A decade or so ago, sustainable energy was thought more in terms of availability relative to the rate of use. In today Currently, the subject of resource sustainability ranks the highest on the world agenda and remains directed at a very critical question. How will the developing countries, including the emerging markets of India and […]

Food, Fuel, and Fascism: Their Election or Your Life?

After two years of managing the Truth To Power website and subsequent to many more years of researching domestic and geopolitical events and trends, it is chilling to witness so much of what “prophets” like Mike Ruppert, Matt Savinar, Catherine Austin Fitts, Richard Heinberg, Matt Simmons, Dmitry Orlov, myself, and many others have been forecasting […]

Peak Oil Passnotes: Owned (by China)

President George W Bush was speaking to a group of senior economic figures at the Economic club of New York Friday, quipping merrily, as he usually does. He was trying to reassure his elite audience, saying the U.S. should allow access to its markets just as others should allow the U.S. to access theirs. Of […]

Oil for China, Guns for Darfur

A new report by a nongovernmental organization links Beijing’s access to Sudan’s oil with China’s sale of small arms used in the Darfur conflict China’s thirst for oil is causing bloodshed. So says New York-based nongovernmental organization Human Rights First, which on Mar. 13 released a report linking China’s rising imports of Sudanese oil with […]

Drought Could Turn Bad Situation Even Worse

With the world As farmers rush to plant corn, it has squeezed wheat and soybean supplies, which has pushed grain prices up 20 percent to 25 percent or more. A drought would undoubtedly cause economic reverberations throughout the economy. Analysts warn that a drought-caused corn shortage could lead to $5 per gallon gas. Pork Magazine

Somalia: An Oily Cliche

Today, it is a reflexive cliche to claim the United States (U.S.) is off on another oil-acquisition conquest anytime they invade an Arabic nation. In the case of Somalia, the cliche may neverless true. While undoubtedly, the U.S. and its Ethiopian proxy conqured Somalia and liberated it from the clutches of Al-Qaeda primarily for geostrategic […]

Organizational Framework Could Improve DOD’s Management of Energy Reduction

Several issues, such as rising fuel costs, worldwide energy demand, and the high fuel burden during operations, underscore the importance of energy to DOD. Fuel costs for DOD are substantial and the volatility of world oil prices will likely continue to affect the department The Army is addressing fuel consumption at forward-deployed locations by developing […]

Selling science to the masses

What comes to mind when you hear the word “science”? Nerds in lab coats? Chalkboards crowded with indecipherable equations? How about multi-billion dollar particle accelerators that you can’t quite remember the name of? It’s fun to play around with stereotypes, but bloggers Chris Mooney, a freelance writer, and Matthew Nisbet, a professor at the American […]

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