Oil: More Demand, Higher Prices

An expert says the market for oil is growing, while the power of the dollar will shrink. After the price of a barrel of oil hit a new high last week (almost $105), President Bush asked the Organization of the Petroleum Exporting Countries (OPEC) to increase production to drive prices down. Instead OPEC officials said […]

UK: Milford Haven Oil Terminals Close on Severe Weather

(Bloomberg) — Oil terminals at refineries operated by Chevron Corp. and Murphy Oil Corp. in Wales were shut because of severe weather that brought winds of up to 80 miles an hour and heavy rain to southern Britain. All terminals along the Milford Haven waterway in southwestern Wales have “suspended operations” due to poor weather, […]

Browne joins green business

John Browne, the former chief executive of BP, has underlined the growing commercial value of tropical forests at a time of global warming by joining a business that claims to mix “ethical” conservation with selling carbon credits. Browne’s appointment at Sustainable Forestry Management came as oil giants Shell and ExxonMobil announced they might sell their […]

Vatican lists ‘new sins,’ including pollution

VATICAN CITY (Reuters) – Thou shall not pollute the Earth. Thou shall beware genetic manipulation. Modern times bring with them modern sins. So the Vatican has told the faithful that they should be aware of “new” sins such as causing environmental blight. The guidance came at the weekend when Archbishop Gianfranco Girotti, the Vatican’s number […]

Cheney to discuss oil price on Saudi visit -White House

WASHINGTON (Reuters) – U.S. Vice President Dick Cheney is expected to discuss high energy prices with Saudi King Abdullah during Cheney’s Middle East trip later this month, the White House said Monday. White House spokeswoman Dana Perino said U.S. President George W. Bush’s message to Saudi Arabia and other OPEC countries remained unchanged. “Obviously we […]

Food to 2050

This post continues an exercise I began a month or so ago of trying to figure out how civilization could be moved to a mostly sustainable footing by 2050, while still being recognizable as civilization, and in particular allowing some continued level of economic growth between now and then, especially in the developing countries. …In […]

Oil hits record $107, U.S. dollar in focus

LONDON (Reuters) – Oil hit a record high of $107 a barrel on Monday, reversing earlier losses as investors sought oil as a hedge against a depressed dollar and inflation. A rush by financial funds into commodities and political tensions are the prime drivers of a rally that has lifted oil’s average to above $95 […]

Oil spike to last through 2008: OPEC president

ALGIERS (Reuters) – Oil prices will stay at current high levels for the rest of this year due to speculation and geopolitical tensions, Algerian state media on Monday reported OPEC President Chakib Khelil as saying. Prices could retreat in 2009 with a recovery of the U.S. dollar in foreign exchange markets following the election of […]

Before the flood

The countries of Europe must devise urgent strategies to deal with the consequences of climate change, as our report clearly shows The risks posed by climate change are real and its impacts are already taking place. This year the vast majority of emergency appeals for humanitarian aid were climate-related. But the risks go far beyond […]

La Nina threatens copper mining in Chile

Chile faces an energy crisis that threatens copper mining – its economic mainstay – as hydroelectric dams gasp over the worst drought in 100 years and natural gas supplies are cut off in the mineral-rich north. Drought conditions in central Chile brought on by La Nina – a cooling of the eastern equatorial waters of […]

California Needs More Urban Density

…As any of us who have lived in the area realize, rents are nearly unaffordable in the urban center of LA – the place where it’s easiest to live without a car. Lazarus opens his column with the story of a single mother who makes $38K as an admin assistant and who can only afford […]

UK business secretary to offer guidance to Ofgem on fuel poverty

LONDON (Thomson Financial) – The UK plans to give fresh guidance to the energy regulator on how to combat fuel poverty in the UK, the UK business secretary said. In a speech to the Future of Utilities conference at the Adam Smith Institute, business secretary John Hutton said he plans to renew the current guidance […]

Southern Baptists fight climate change

NEW YORK – In a major shift, a group of Southern Baptist leaders said their denomination has been “too timid” on environmental issues and has a biblical duty to stop global warming. The declaration, signed by the president of the Southern Baptist Convention among others and released Monday, shows a growing urgency about climate change […]

The Great Divergence

Think of gold as a proxy for commodities Gas-Oil: If you are an energy investor, this chart

Oil is Canada’s ace in any revisiting of NAFTA

Both Hillary Clinton and Barack Obama are threatening to opt out of NAFTA if elected, which means re-negotiate, a position that is quite tenable particularly with a protectionist Congress. This really is about more than politics …NAFTA’s energy section broadly unfetters energy trade between the U.S. and Canada. But it adds a virtual guarantee of […]

Tough new green plan targets oil sands

Regulations, which also apply to coal-fired power plants, would force future projects to store greenhouse-gas emissions underground OTTAWA

View from the peak

Cheap oil is gone, and cities heavily dependent on fossil fuels must start preparing for change Oil has fuelled the expansion of industrialised societies for 100 years, and it is an excellent source of energy for production, transport, mass tourism and trade. Rising standards of living in many countries over the past 50 years have […]

Cost of gas rises to record, and could go higher

NEW YORK – U.S. average retail gasoline prices have reached a new high of almost $3.20 per gallon and will likely jump another 20 to 30 cents in the next month, worsening the pain of consumers struggling to make ends meet in an economic downturn. Gasoline prices are rising sharply as refiners, who have kept […]

The age of triple-digit oil is here to stay

I don “Global distillate markets look like raging bull markets, given the extent to which the incremental global demand barrel is dominated by distillates. OECD demand looks weak (as it has been for three years), but non-OECD demand looks robust and Chinese demand is improving,” it said. Oil demand over the past 10 years grew […]

African NGOs for moratorium on biofuels

Uproar is slowly spreading among African civil society organisations and scientists, fearing that the biofuel revolution will bring more food insecurity, higher food prices and hunger to the continent. A petition calling for a “moratorium on new agrofuel developments in Africa” has so far been signed by over 30 NGOs all over the continent. Biofuels […]

Biofuel crop may not justify hopes

While one can hope that jatropha’s apparently miraculous ability to grow without water or fertiliser on degraded land will help to alleviate the oil import burdens of the world’s poorest countries, reason suggests that grave disappointment is the more likely outcome. The main proponents of its cultivation are entrepreneurs who, quite understandably, seek to maximise […]

Russia, Nigeria Cut Gas Sales, Raising Importer Costs

Russia is forcing Exxon Mobil Corp. to abandon plans to export natural gas to China. Nigeria is requiring explorers to share output with its citizens. Indonesia will cut sales to Japan. Countries holding almost half the world’s gas are curbing shipments to meet growing domestic use, hurting importers from the U.S. to Japan. Prices for […]

New Guidebook Reveals How To Avoid Peak Oil Fuel Shortages & High Prices

Post-Petroleum Transportation, an independent management consultancy, announced the publication of its new e-book research report, “Kicking The Gasoline & Petro-Diesel Habit: A Business Manager’s Blueprint for Action.” This thoroughly researched report provides the summarized information that management needs in order to: appreciate the pros and cons of using different alternative fuels, understand that practical alternative […]

Clean energy investment in 2007 even stronger than first estimates suggested

Investment in technology and projects in renewable energy and energy efficiency grew even more spectacularly last year than was revealed in initial estimates made at the end of December. This is the message of figures published in London today at the inaugural New Energy Finance Summit, a two-day event bringing together 150 top executives and […]

Can Wales lead climate change battle?

The findings of the Intergovernmental Panel on Climate Change have definitely focussed policymakers’ minds on the problem at hand, showing that climate change is happening, is measurable and is a result of human activity. It is in the hands of the public to make a change. In responding to these findings, the new plans set […]

Solar Energy Firms Leave Waste Behind in China

The first time Li Gengxuan saw the dump trucks from the nearby factory pull into his village, he couldn’t believe what happened. Stopping between the cornfields and the primary school playground, the workers dumped buckets of bubbling white liquid onto the ground. Then they turned around and drove right back through the gates of their […]

India finds cheap energy may be an easy nut to crack

India, which imports more than 70 per cent of its oil and gas, is trying to launch one of the world’s biggest jatropha biofuel projects in order to bolster energy security. The country’s Ministry of Rural Development has proposed spending $375m (Chhattisgarh, carved out of the poor neighbouring state of Madhya Pradesh in 2000, hopes […]

Deffeyes: The New York Times

Monday, March 3, apparently began with a tremendous boost. Internet reports, attributed to Jed Mouawad and the New York Times, contained this passage: “Still, today’s market climate is markedly different from the energy crises of the 1970s and 1980s. These were brought about by sudden interruptions in oil supplies, like the 1973 Arab oil embargo, […]

Oil groups suffer Gulf of Mexico setback

Disappointing oil exploration results in the Gulf of Mexico are upsetting the hopes of US oil majors for big new findings in an area free from interference by foreign, state-owned oil companies. Wood MacKenzie, the energy consultancy, said in a new report that findings in the Gulf in 2007 were the lowest of the past […]

U.S. raises bar on Energy Star label

WASHINGTON To qualify for the label program, washers must be 43 percent more energy-efficient than current minimum standards. By 2011, they must be 59 percent more energy efficient. The 2011 requirements are projected to save consumers $120 million per year in utility bills and 11.2 billion gallons of water. Houston Chronicle

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