Kunstler: Black Swans Everywhere

It’s too bad the current presidential candidates have been unable to address the unfolding economic nightmare. Their collective silence on the matter suggests that they don’t have a clue what to say about it. As the nightmare plays out and black swans flock in to blot out the sun, and the hedge funds come a’tumbling […]

Why Exxon Won’t Produce More

Even with prices at the pump near all-time highs, ExxonMobil isn’t projecting increased oil production. Here’s why Oil fell nearly $5, to $104 per barrel, Mar. 19, on news of a government report showing slackening demand. Not long ago, a $5 drop would have been an astonishing plunge that shook the trading establishment. These days? […]

The Maginot Pipeline

Intended as a defense against Russian dominance of EU natural gas supplies, the $7.4 billion Nabucco pipeline is beginning to look like a modern-day Maginot Line. It’s not just that Russia is outflanking the 3,300-kilometer pipeline to the north and the south with rival projects. After all, Nabucco is intended to carry only up to […]

Lofty Pledge to Cut Emissions Comes With Caveat in Norway

Last year, as United Nations scientists were warning of the perils of man-made climate change, this small country of fjords and factories reacted with an extraordinary pledge: by 2050 Norway would be “carbon neutral,” generating no net greenhouse gases into the air. Then, in January, the Norwegian government went a step further: Norway would be […]

Gambia: Flights Delayed in Country, Due to Lack of Gas

Major economic collapse is threatening the lives of Gambian and non Gambian commuters. The country is currently witnessing a major gas shortage, which left many flights delayed for hours. The Banjul International Airport, has been hard hit by the gas shortage. Commuters also walked for miles in order to reach their scheduled destinations, as car […]

Air Force Prod Aids Coal-To-Fuel Plans

On a wind-swept air base near the Missouri River, the Air Force has launched an ambitious plan to wean itself from foreign oil by turning to a new and unlikely source: coal. The Air Force wants to build at its Malmstrom base in central Montana the first piece of what it hopes will be a […]

LESSONS FROM GERMANY’S ENERGY RENAISSANCE

Germany has become the world leader in renewable energy technology, manufacturing, sales and employment. The German map is dotted with hundreds of renewable energy companies. They make PV cells, wind turbines, solar thermal panels, biofuels and technology for biomass plants and geothermal energy.Germany has created 240,000 jobs in the renewable energy industry, 140,000 of them […]

Researchers hope algae might help solve oil crisis

Some species of algae – yes, the green slimy stuff that accumulates on ponds – hold rich stores of oil, rendering them a source of alternative fuel. The growth on the surface, however, shades the algae beneath, thereby impeding biomass growth and thwarting algae’s potential usefulness. With USTAR funding, Utah State University has hired researchers […]

Iraq invites companies to bid on seismic surveys for two key fields

Iraq’s Oil Ministry has invited local and international oil companies to bid for contracts providing technical support for two major oil fields in southern and northern Iraq. Companies interested in providing 3D seismic surveys for the Kirkuk field in the north and Rumaila oil field in the south must meet the ministry’s deadline of April […]

Siberian oil probe piles pressure on TNK-BP

A vast oilfield operated by a BP affiliate in Siberia will be investigated by Russia’s state environmental agency, adding further pressure to TNK-BP, which was raided this week by the Russian state security service.The inquiry follows a raid on BP and TNK-BP offices in Moscow this week by the Federal Security Service (FSB) and the […]

Cheney and Saudis: No short-term fix for oil prices

A senior administration official said no breakthroughs on short-term relief for tight energy markets had come out of Cheney’s meetings with King Abdullah. “There was a lot of commonality in their assessment about the structural problems confronted by the global energy market now, and some discussion of probably the way forward, how we work together […]

Gold fever strikes investors as precious metal soars

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. Nick Barisheff, portfolio manager of the Millennium Bullion Fund at Bullion Management Group Inc., says “Production is in decline. We hit peak oil production apparently in February 2006 … (meanwhile) […]

End of oil: End of another human era

The oil era seems to end in several decades from today, whilst the world markets are experiencing an upward trend in the energy price index. Moreover the consumption of fossil fuel is accelerating due to the growth of the Asian economies and in Eurasia the Russian corporations are eager in controlling most of the energy […]

AOAG Expert Confirms Enormous Reserve Potential

Arctic Oil & Gas, Corp. (AOAG), a petroleum exploration company, confirmed potentially vast “Arctic Commons” oil and gas deposits from geoscientific evidence. Prevalent deposits of what is known as the “Azolla Interval” have corresponded to Arctic finds in northern Alaska, East Barents Sea, and the South Karal/Yamal basins. According to data from the Integrated Ocean […]

UK: Soaring demand pushes price of diesel to record level

The cost of diesel fuel in forecourts has risen to a new high, the AA said, and the price is rising faster than that for petrol. The average price of diesel in the UK is now 114.25p ($2.26 litre or $8.54 US gallon) a litre – a near-5p rise on the average price a month […]

UK: Families face

Millions of householders face a The forecast comes as families are already struggling to cope with rising food costs and council tax bills and slowing wage growth. If prices do rise by

Zimbabwe: Power Cuts Deepen Economic Crisis

The Zimbabwean economy is losing trillions of dollars through power outages, which intensified this week and could reach alarming levels in the next few months, industry players and commentators said. The country plunged into a near-national blackout last week, hardly two months after two nationwide blackouts hit the country in January after systems disturbances on […]

Biofuel not the magic bullet

When someone like George W Bush jumps on board, you know biofuels aren’t about anything but oil independence. Only the most rosy-glassed ecologists would believe that the Bush administration actually cares about the environment—more likely, they’re just trying to appease “Big Corn” with subsidies and maybe avoiding a war or two over Middle-Eastern oil. It’s […]

Reinventing the wheel

In the month the Chancellor raised excise duty on the country’s gas guzzlers to almost […] Johan Willems is adamant that the car revolution is upon us. In two years, GM will launch its Volt, a plug-in hybrid which will allow 40 miles of emissions-free travel, with an efficient petrol engine for longer ranges. ‘There’s […]

Long road ahead before African biofuels take off

Africa has potential to become a major exporter of biofuels, but investors must factor in a need for costly new infrastructure and overcome red tape before the sector takes off, a biofuels expert said on Thursday. Meghan Sapp, managing director of Brussels-based HG Consulting, told a conference that southern Africa, Kenya and Nigeria were among […]

China oil giant suffers 36.2 bln yuan of refining loss in 2007

China National Petroleum Corporation (CNPC), the country’s leading oil producer, lost 36.2 billion yuan (5.4 billion U.S. dollars) in its oil refining and processing businesses last year, according to a company report released on Thursday. The company attributed the loss to the huge gaps in soaring world oil prices, the low state-set domestic price and […]

Oil demand to reach 94.3 million barrels a day by 2012 – IEA

The International Energy Agency, an adviser to 27 industrialized nations, expects worldwide demand for oil products to increase an average 1.9% annually until 2012, driven mainly by expansion in Asia and the Middle East. Mr Eduardo Lopez an analyst with the agency in a presentation to the Oil Africa 2008 conference in Cape Town said […]

The Great Biodiesel Swindle

Most Koreans are now aware that the prices of black bean-sauce noodles and instant noodles have risen because Americans are using corn ethanol to fuel their automobiles. As a consequence of feeding human foodstuff to motor vehicles, 800 million hungry people in the world grow hungrier. And studies show that using ethanol in automobiles is […]

India: High oil prices likely to upset monthly budget

The rising oil prices are building up an underlying inflationary pressure. Though petroleum products’ prices are administered in India and there is an incomplete pass-through of the burden to the final consumers. Nearly a fifth of the incremental change in inflation was accounted for by fuel price index for the week ended March 3.A strong […]

Obama eyes active role in U.S. oil markets

Democrat Barack Obama would take an active role in U.S. oil markets as president, tackling concerns about the dominance of large oil companies and eyeing the Strategic Petroleum Reserve as a potential weapon to combat high prices, his top energy adviser said. Jason Grumet, the presidential hopeful’s key energy and environmental policy aide, told Reuters […]

Shining a light on hazards of fluorescent bulbs

Energy-efficient coils booming, but disposal of mercury poses problems Compact fluorescent light bulbs, long touted by environmentalists as a more efficient and longer-lasting alternative to the incandescent bulbs that have lighted homes for more than a century, are running into resistance from waste industry officials and some environmental scientists, who warn that the bulbs’ poisonous […]

The ‘Peak Oil’ Theory: Will Oil Reserves Run Dry?

Oil’s recent slide and the slackening demand that an economic slowdown’s expected to bring have stimulated hopes that crude could soon safely stabilize below the $100 range. But beneath seesawing supply and demand lies the deeper question of just how much oil the planet has in the first place The answer to that question supports

Melting Mountain Glaciers Will Shrink Grain Harvests in China and India

The world is now facing a climate-driven shrinkage of river-based irrigation water supplies. Mountain glaciers in the Himalayas and on the Tibet-Qinghai Plateau are melting and could soon deprive the major rivers of India and China of the ice melt needed to sustain them during the dry season. In the Ganges, the Yellow, and the […]

Putting Out the Fire With Gasoline

… Amidst all this turmoil and one reckless, desperate move after another, suddenly, the bedrock commodities tumbled in value. What Benjamin Franklin said,

Agonising over the icecap or frantic about floods?

..You may be suffering from ‘eco-anxiety’ Many of us worry about the future of the planet. It’s both fashionable and cathartic. We can assuage our guilt over the fact that, say, the “carbon footprint” from our holiday to the Maldives has upped the official Dead Polar Bear Index by an additional 2.4, or that, thanks […]

« Previous Page — Next Page »

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy