Bush intervenes to settle dispute over smog rule

EPA agrees to weaken important part of new pollution regulations WASHINGTON – The U.S. Environmental Protection Agency agreed to weaken an important part of its new smog requirements after being told at the last minute that President Bush preferred a less stringent approach, according to government documents. They show tense exchanges between the EPA and […]

Gas, diesel rocket to new records

NEW YORK – The rally in energy prices gained momentum Friday, with retail gas prices rising further into record territory and diesel and heating oil futures setting records of their own amid concerns about strong global demand and tight supplies. Crude oil prices fell modestly as a downturn in the stock market and worries about […]

Alaska senators make another push for oil drilling in ANWR

WASHINGTON “This has got to come from the ground up,” Murkowski said. “From the constituents, from the American consumer saying ‘Enough, Congress.’ This is the No. 1 issue domestically in the country right now, what is happening with the price of energy.” Efforts to open up the refuge for drilling have had a long and […]

Why OPEC Won’t Boost Oil Supplies

Pity Dick Cheney, when Air Force Two lifts off on Sunday for the Middle East. Reviving the Israeli-Palestinian peace talks looks to be the simpler part of his mission, compared with the task that awaits him in the Saudi capital of Riyadh President Bush last week urged Saudi Arabia

Norway frets over StatoilHydro environmental impact

OSLO (Reuters) – Norway’s Environment Minister Erik Solheim expressed concern on Friday about the environmental impact of investments by oil group StatoilHydro in countries including Canada and the United States. Solheim told Reuters that StatoilHydro, which is 62.5 percent state owned, should follow the same environmental standards abroad as it does on Norwegian oil and […]

OPEC Says Refiners May Cut Operating Rates on `Poor’ Margins

(Bloomberg) — Refiners around the world may cut operating rates in the coming months, reducing crude oil demand, because of “poor” margins, the Organization of Petroleum Exporting Countries said. “The recent strong builds in gasoline stocks in the U.S. and elsewhere should cause the poor performance of refinery economics and encourage refiners to trim crude […]

Venezuela wants euros for some fuel exports: source

CARACAS, March 13 (Reuters) – Venezuela is requiring payment in euros for some fuel exports, an industry source told Reuters on Thursday, a sign the OPEC nation may be easing away from the plummeting dollar. A trader on Thursday told Reuters he had purchased an oil products cargo under a contract issued recently. “Everyone who […]

A National Dialogue on Energy Security: The Shell Final Report

Nearly two years ago, Shell began a journey across America. We crisscrossed the country, traveling to 50 cities over 18 months and meeting face-to-face with thousands of people who are concerned about our energy future. The dialogue was a transforming experience. We had hoped to build some bridges of understanding between the public and our […]

Where Is The Economy’s Breaking Point?

When oil was climbing past $50, $60, $70 and even $80 a barrel, the big question was: Where is the breaking point for the economy? Now with the economy staring down a recession (or in a recession, depending on your view), oil is at $110 per barrel. And some economists are saying the price is […]

Gas prices sustain record run

Motorist group survey shows average fuel prices at another all-time high; West coast drivers pay the most. NEW YORK (CNNMoney.com) — The nationwide average price of gasoline set another record Friday, according to the closely watched survey conducted for the motorist group AAA. The average price of regular rose overnight to $3.28 a gallon, according […]

Squeezing safety into small cars

With competition for small cars heating up, engineers are finding new ways to make them safer. There’s no denying physics. All things being equal, a larger, heavier vehicle will protect its occupants better in a crash than a smaller, lighter one. For this reason, front crash tests can only be compared between cars of similar […]

Soaring oil spells real trauma

Eighteen months ago when the guys at Goldman Sachs were forecasting that the price of oil would go to $100, it was widely dismissed as nothing more than the bank talking its book. Today, with oil hitting $110, the markets have changed their tune. Now the idea of oil at $150 or even $200 is […]

OPEC says output higher than demand for its oil

LONDON, March 14 (Reuters) – OPEC is pumping more than enough oil to keep consumers satisfied and a potential U.S. recession could mean lower demand for its crude, the group said on Friday. OPEC, in its monthly oil market report, said there was little risk of a rise in oil demand growth forecasts given the […]

Economist Strikes Gold In Climate-Change Fight

LONDON — The planet is getting warmer. Richard Sandor, a 66-year-old economist, is getting wealthier. His company, London-based Climate Exchange PLC, has carved out a key role in Europe’s booming trade in “carbon permits” — essentially, buying and selling the right to pollute. Since 2005, the European Union has required major polluters to either cut […]

Powering the Future

A new book hints at the alternative-energy sources we may soon be tapping into. Chances are you’ve heard of hybrids and biofuels, but what about oil-producing yeast and turbinelike buoys that transform ocean waves into electricity? Those are just a couple of the alternative-energy sources that may power the future according to Fred Krupp, president […]

The Impending Coastal Crisis

With populations moving closer to coasts and development proceeding at breakneck pace, is disaster in store? By mid-century, more than half of the U.S. population will live within a day Increasing coastal erosion has led to a clamor for engineering structures such as sea walls, groins and stone jetties at inlets to preserve shorelines. Seventy […]

NAS and NAE hosting energy summit March 13-14

WASHINGTON — Today, the National Academy of Sciences and National Academy of Engineering kicked off a two-day summit convened to examine the increasing importance of energy policy to the nation’s security, economic vitality, and environment. The summit, intended to stimulate discussion among experts with diverse points of view on energy issues, will inform a study […]

Tent city in suburbs is cost of home crisis

ONTARIO, California (Reuters) – Between railroad tracks and beneath the roar of departing planes sits “tent city,” a terminus for homeless people. It is not, as might be expected, in a blighted city center, but in the once-booming suburbia of Southern California. The noisy, dusty camp sprang up in July with 20 residents and now […]

From Impacts to Adaptation: Canada in a Changing Climate 2007

From Impacts to Adaptation: Canada in a Changing Climate 2007 reflects the advances made in understanding Canada’s vulnerability to climate change during the past decade. Through a primarily regional approach, this assessment discusses current and future risks and opportunities that climate change presents to Canada, with a focus on human and managed systems. It is […]

Schlesinger: No Energy Security in Sight

James Schlesinger, who was the nation’s first secretary of energy, had a grim analysis of the nation’s current energy predicament this morning at an energy summit in Washington, D.C., sponsored by the National Academy of Sciences. Schlesinger, now a senior adviser to Lehman Brothers and chairman of the nonprofit engineering organization Mitre, predicted that energy […]

Who gets rich off $3 gas – who doesn’t

The guy running the service station makes just a few cents, while crude oil producers take the biggest chunk. NEW YORK (CNNMoney.com) — Motorists may fume when forking over $3 a gallon at the local service station, but as it turns out, your local filling spot makes chump change from a gallon of gas. So […]

The Peak Oil Crisis: The Last Spiral?

Events are moving faster and faster. Equity markets and the dollar are dropping. Oil, gas, diesel and commodities are surging as the investment of last resort. Margin calls are endangering the financial system. Real estate values and markets are falling. Exotic debt obligations are turning worthless by the billions. Central bankers have started the printing […]

Speculation makes oil prices rise

World energy prices, specifically oil, have been a topic of many books, talk shows, documentaries and on down to the 10 a.m. gathering at the water cooler. It There are several reasons for the record high oil prices. Supply and demand is front and centre, with peak oil theories morphing into current estimates of time, […]

Australia: State puts brakes on petrol bikes

IN a world of rising fuel prices and climate change awareness, these petrol-powered bicycles are seen by some as the way of the future. But not, it appears, by the State Government which has outlawed them on roads. The move has outraged the bike industry and its customers, many of whom are over the age […]

Canada: Please buy our dirty oil

A new American law could limit oil-sands production in Alberta CANADIANS like to think that although they are the junior partner in their trade relations with the United States, the 174 billion barrels of proven reserves in the oil sands of Alberta provide a powerful ace up their sleeve in any dealings with their energy-hungry […]

Three Ways to Play Prediction That Oil Prices Will Reach $187 a Barrel

A plummeting greenback, inflationary fears fanned by the U.S. central bank and soaring global demand are combining to fuel a record advance in crude oil prices. But the market madness of recent days is just the start. Crude oil prices will hit $187 a barrel within 36 months, translating into gasoline prices of more than […]

Venezuela Plans New ‘Sudden Gains’ Oil Tax Soon

Venezuela plans a new tax on foreign oil companies of 20%-25% on what the government deems to be “sudden gains” from strong fluctuations in world oil prices, a lawmaker said Wednesday. “The tax will be anywhere between 20% and 25% of what we deem sudden gains,” lawmaker Iroshima Bravo told Dow Jones Newswires. “We’re studying […]

Review: Kunstler’s World Made by Hand

This stimulating book is in the fine tradition of the late 19th century radical tracts like Bellamy There are no consumer goods in 2025 and people make do with items traded by horse and cart or by boat. These goods are largely scavenged or leftovers from today

Pirate Attacks On the Rise in Nigerian Waters

Pirate attacks in the waters of Africa’s largest oil producer, Nigeria, have surged in recent weeks, linked to a decline in general security in the southern oil-producing region. A leading international worker’s union wants the waters to be declared a war zone. For VOA, Sarah Simpson has more from Lagos. The pirates attacked at night, […]

The Greening of the Baptists

The most famous conversion in Christian history is that of Paul, who the Bible says “persecuted The [Christian] Way to death,” before the “scales fell from his eyes” on the road to Damascus, and he became a Christian himself. Jonathan Merritt, a seminary student with the Southern Baptist Convention (SBC), is familiar with that paradigm. […]

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