All eyes on record oil prices as OPEC prepares to meet

LONDON (AFP) – OPEC, whose member countries together pump 40 percent of the world’s oil, was expected to maintain its official output ceiling on Wednesday as crude prices trade at record highs above 100 dollars. OPEC President Chakib Khelil said the 13-member Organisation of Petroleum Exporting Countries would decide to either cut or hold its […]

How Many Windmills Does It Take to Power the World?

Power densities are a measure of the land required for both energy sources and energy users. The current infrastructure matches the small footprint of energy sources against the large footprint of energy users. With the drive toward renewable energy sources, this relationship is about to be reversed with consequences few people understand. Though nowadays people […]

Skeptics on Human Climate Impact Seize on Cold Spell

The world has seen some extraordinary winter conditions in both hemispheres over the past year: snow in Johannesburg last June and in Baghdad in January, Arctic sea ice returning with a vengeance after a record retreat last summer, paralyzing blizzards in China, and a sharp drop in the globe

Rove: Iraq Pullout Will Send Oil Prices To $200 A Barrel

This morning on Fox News Sunday, former White House adviser Karl Rove claimed that redeployment from Iraq would cause oil prices to shoot to $200 a barrel: If we were to give up Iraq with the third largest oil reserves in the world to the control of an Al Qaida regime or to the control […]

Lovelock: ‘Enjoy life while you can’

Climate science maverick James Lovelock believes catastrophe is inevitable, carbon offsetting is a joke and ethical living a scam. So what would he do? In 1965 executives at Shell wanted to know what the world would look like in the year 2000. They consulted a range of experts, who speculated about fusion-powered hovercrafts and “all […]

Independent truckers see end of the road

Trucker Robert Griffith is on the road three weeks out of four, pulling oversize loads like crane booms, railroad ties and air conditioning ducts. One of his biggest worries: How he’ll find the money to buy his daughter a prom dress. As the cost of diesel doubled over the last four years, his take-home pay […]

Sacramento-based Sunoptics enjoys skylight success with Wal-Mart

Thirty years ago, Jerry Blomberg bet his career on the idea that he could sell sunlight. Business was slow for almost two decades until he caught the eye of a very big customer: Wal-Mart. Starting in the mid-1990s, the world’s largest retailer began to “daylight” its new stores across the country, installing skylights

Oil minister says prices will remain high, Saudi not running out of oil

“We are not going to run out of oil in the next five to ten years as peak oil theorists say” SAUDI ARABIA. Saudi Arabia’s oil minister Ali Al Nuaimi believes that his country would have production capacity of 12.5 million barrels per day (bpd) at the end of 2009, from 11.0 million bpd currently, […]

Will peak oil trigger Mad Max society?

According to a study by the Energy Watch Group (EWG), all of you Mad Max fans out there might get the chance to live the movie if oil production continues to decline. The oil industry believes Earth’s oil reserves can last about another 42 years at current pumping rates. Energy Watch, basing its conclusions on […]

The average British family is spending While mortgage costs have shot up as a result of last year’s Bank of England rate rises and the impact of the credit crunch, it is the rising cost of other essential bills which is really putting the squeeze on finances. Steep increases in the price of gas and […]

Rising prices threaten millions with starvation, despite bumper crops

There has never been anything remotely like the food crisis that is now increasingly gripping the world, threatening millions with starvation. For it is happening at a time of bumper crops. All the familiar signs of impending disaster are here, and in spades. Across the developing world already hungry people are now having to eat […]

Experts to consider coal-burning stoves for Mongolia

Korean energy and environmental protection experts plan to conduct a fact-finding mission to determine the feasibility of providing Mongolia with coal-fired stoves, a publicly run non-profit organization said Sunday (Mar. 2). The Korea Mine Reclamation Corp. (MIRECO) said the mission will determine if providing 40,000 coal stoves would help reduce air pollution in the land-locked […]

Biofuel Blending Is Often Inaccurate, Study Shows

While sampling blended biodiesel fuels purchased from small-scale retailers, researchers at the Woods Hole Oceanographic Institution found that many of the blends do not contain the advertised amount of biofuel. Marine chemist Chris Reddy and colleagues sampled pure biodiesel and blends from more than a dozen distributors across the United States. When testing fuels listed […]

Flight of biofuel fancy?

Going forward, Virgin Atlantic and Boeing will test biofuel made from algae that is farmed on non-productive land in ponds of seawater. Actual yields of algae are unclear. Assuming 10,000 gallons of algae can be grown per acre every year, Boeing says the world’s fleet could be powered by algae grown in an area the […]

Birol: We can’t cling to crude

By Fatih Birol, chief economist at the International Energy AgencyWe are on the brink of a new energy order. Over the next few decades, our reserves of oil will start to run out and it is imperative that governments in both producing and consuming nations prepare now for that time. We should not cling to […]

The world has to get used to high oil prices

The international hydrocarbons expert, Nicolas Sarkis said the world has to get used to high oil prices in the future, as the depletion of oil and the drop of reserves in several countries are a fact not fiction. He further said some OPEC member countries, like Indonesia transformed into non-exporter countries, while the US reserves […]

UK: Gas and electricity bosses told ‘give back profits’

The heads of the biggest gas and electricity companies are being ordered by the Government to hand over part of their multi-billion pound profits – or face a new windfall tax. The Sunday Telegraph has learnt the chief executives of the utility giants have been summoned to Downing Street and given a dressing-down over the […]

Oil prices to stay above 60-70 dollars: Saudi Arabia

PARIS (AFP) – Saudi Arabia’s oil minister believes oil prices are set to stay above a minimum price of 60-70 dollars per barrel, signalling a new era for world energy markets, he said in an interview released Sunday. Ali al-Nuaimi, one of the most influential people in the business as oil minister for the world’s […]

Rising gasoline prices are a national emergency

Call me crazy, but somehow, I am a lot less concerned about whether Roger Clemens perjured himself than I am about rising oil and gasoline prices. The national media continues to focus on all the wrong things. With the economy going down the toilet; Exxon-Mobil posting record-breaking quarterly profits and the housing market – not […]

Canada’s privileged position

Being Prime Minister of Canada is a cakewalk. That is because there is nothing so propitious politically as $100 a barrel oil — and an acrimonious and engaging presidential race in the United States — to skate onside the fractured population of Upper North America. …The $100-a-barrel-oil climate, and commodity super-cycle that began in 2003, […]

Sri Lanka: Govt grants massive relief for 2.7 m consumers

Around 2.7 million electricity consumers islandwide whose monthly consumption is less than 90 units will be granted a massive relief by the Ceylon Electricity Board (CEB) on the directive of President Mahinda Rajapaksa. The new electricity tariff increase report, which was prepared by a special CEB panel after consultation with several public organisations will be […]

Bangladesh’s gas crisis may persist for a decade

DHAKA, March 1 (Xinhua) — Bangladesh’s gas crisis may persist for next one decade as there is no immediate option for addressing the problem — neither through augmenting domestic production nor through import of the fuel, private news agency UNB reported Saturday. The report cited experts in the hydrocarbon industry as saying that the demand-supply […]

China

The Pearl River Delta, a center of During 16 of the first 17 days of 2008, Guangdong implemented peak load shifting. After the Chinese lunar new year, as factories resumed production, the Economy and Trade Committee of Guangdong province estimated this year

Pipeline deal strengthens Russian grip on Europe

Russia notched up major success in its quest to establish a strategic stranglehold on gas supplies to western Europe last week. Hungarian prime minister Ferenc Gyurcsany met outgoing Russian President Vladimir Putin at the Kremlin last Thursday, inking a deal to allow Russia The Serbian agreement was part of a package where Gazprom gets a […]

Exxon Mobil Needs a Hug

AS I was sitting at my majestic TV in a majestic suite at the Mandarin Oriental Hotel in Miami a couple of weeks ago, going over notes for a speech the next morning and waiting for Crockett and Tubbs to speed by, chasing drug kingpins in their Then he talked about the country

EPA: Warming Not Unique to Calif.

(WASHINGTON) In a 48-page document describing the reasoning behind its December decision, the EPA argues that California doesn’t have the “compelling and extraordinary conditions” required for a waiver under the Clean Air Act, because the rest of the nation also suffers the effects of global warming. “In my judgment, the impacts of global climate change […]

Oil to drop as OPEC turns up the taps

Crude oil prices at US$100 per barrel are at odds with recent weakness in the U.S. economy, rises in U.S. petroleum and gasoline stocks, and expectations for higher OPEC oil supply in 2008. The oil market appears to be trading more off hope than fundamentals, which are more in line with US$70 per barrel oil […]

Gulf states should reveal oil reserves

There are few more controversial figures in the oil industry than Matthew Simmons. Since the Houston-based banker argued the case for the peak or declining oil scenario in his 2005 book ‘Twilight in the Desert’ he has been at the centre of a storm that has had a real impact on the rising oil price. […]

Alaska lawmakers consider oil surplus to offset heating bills

JUNEAU, Alaska (AP) – Oil rich Alaska is suffering from an energy crisis because of the high cost of fuel. The problem is especially acute in rural villages where fuel bills are often two or three times the national average. Some lawmakers believe the state should use part of its oil wealth that’s feeding a […]

Pennsylvania: Lawmaker introduces gas prices resolution

Citing fuel prices that have doubled since 2000, state Sen. James J. Rhoades, R-Mahanoy City, introduced on Tuesday a resolution asking President Bush and the U.S. Congress State Sen. Raphael Musto, D-Pittston Township, is minority chairman of the committee and heavily supports the effort. Rhoades is a member of the committee. Musto said the issue […]

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