Saudis Face Hurdle In New Oil Drilling

Big, Complex Field Seems to Mark End Of Easy Pickings Next year, if all goes well, Saudi Arabia will turn the spigots on the largest oil field to come online anywhere in the world since the late 1970s. The Khurais complex, sprawling across a swath of red dunes and rocky plains half the size of […]

Major report links smog to deaths

Findings contradict White House’s downplaying of pollution risks Short-term exposure to smog, or ozone, is clearly linked to premature deaths that should be taken into account when measuring the health benefits of reducing air pollution, a National Academy of Sciences review concludes. The findings contradict arguments made by some White House officials that the connection […]

Home Prices Drop Most in Areas with Long Commute

Economists say home prices are nowhere near hitting bottom. But even in regions that have taken a beating, some neighborhoods remain practically unscathed. And a pattern is emerging as to which neighborhoods those are. The ones with short commutes are faring better than places with long drives into the city. Some analysts see a pause […]

Disaster in progress: North America’s home heating transition

With natural gas prices creeping higher on a daily basis, some homeowners dependent on natural gas for heat are starting to look for cheaper alternatives. In my area the outdoor wood burning furnace which is designed to supplement existing home heating has become a major source of friction among suburban residents. The main complaint is […]

Ineos refinery strike could shut-in 700,000 bpd of North Sea crude oil – BP

LONDON, Apr. 22, 2008 (Thomson Financial delivered by Newstex) — The looming strike at the Ineos Grangemouth refinery in Scotland could reduce North Sea crude output by as much as 700,000 barrels per day (bpd), a British Petroleum spokesman said on Tuesday. Ineos has started a staged shut-down of the refinery, ahead of a planned […]

Changing the current

State environmental laws drive power producers to renewable resources WASHINGTON – The Imperial Valley of California is ideal country for solar and wind power. It rains less than three inches a year. Temperatures hit 110 degrees in the summer. The wind blows pretty steadily, too. And it’s just east of San Diego. Now, because of […]

Gas prices rise further above $3.50, while oil nears $120

NEW YORK – Gas and oil prices moved further into record high territory Tuesday, with retail gas reaching a national average of $3.51 for the first time and crude nearing $120 as the dollar fell to a new low against the euro. At the pump, the national average price of a gallon of regular gas […]

The U.S. Role in Haiti’s Food Riots

Riots in Haiti over explosive rises in food costs have claimed the lives of six people. There have also been food riots world-wide in Burkina Faso, Cameroon, Cote d’Ivorie, Egypt, Guinea, Mauritania, Mexico, Morocco, Senegal, Uzbekistan and Yemen. … The New York Times lectured Haiti on April 18 that “Haiti, its agriculture industry in shambles, […]

The petrol picture in Scotland

The proposed shut down of the Grangemouth oil refinery is already affecting petrol buying around Scotland. Queues at the pumps have been reported in some areas of the country, while others are still waiting for the effects to bite. Below is a round up of the situation in your area. Petrol stations across the North […]

The cost of food: facts and figures

Explore the facts and figures behind the rising price of food across the globe. BBC

The Energy Return of Nuclear Power (EROI on the Web-Part IV)

…The concept of an energy theory of value has been around since (at least) the 1930s and net energy actually became part of law after Mark Hatfield petitioned Congress in 1970 regarding the importance of EROI. His efforts resulted in the passing of (now defunct) Public Law 93.577 which stipulated that all prospective energy supply […]

Japan’s hunger becomes a dire warning for other nations

MARIKO Watanabe admits she could have chosen a better time to take up baking. This week, when the Tokyo housewife visited her local Ito-Yokado supermarket to buy butter to make a cake, she found the shelves bare. “I went to another supermarket, and then another, and there was no butter at those either. Everywhere I […]

Airbus raises prices of aircraft

Airbus has announced a rise in prices across its range of aircraft, blaming rising metals prices and the weakness of the US dollar. The list prices of single-aisle planes will rise $2m ( …Also on Tuesday, Airbus was among the signatories to a pledge to address the aviation industry’s impact on climate change. It was […]

Panic buying at pumps

A The Shell Discovery station in East Marketgait has been bombarded by customers and, before introducing a

How Many Earth Days Do We Have Left?

Lester Brown, author of Plan B 3.0, shows us how we can change in enough time to save life on earth, as we know it. Of all the resources needed to build an economy that will sustain economic progress, none is more scarce than time. That is one of the key messages of PLAN-B 3.0: […]

Phil Flynn: Risky Business

Good old fashioned risk premium revisited the oil market complex and growing fears of peak oil. Friday, after reports that Nigerian rebels blew up a key Nigerian pipeline, the bulls ran prices again to a new all time high. The trial of militant leader is underway and his group is pledging further attacks. For the […]

Lack of capacity foils action on oil price – Libya

ROME (Reuters) – A lack of spare global output capacity means very little can be done to tame record high oil prices, the head of Libya’s National Oil Corporation Shokri Ghanem said on Tuesday. “Very little can be done by anyone, there is not enough spare capacity to help,” he told reporters. “At a price […]

UK: Gas, electricity prices rise by record 1-day amount as oil cost hits all-tim

Oil, gas and electricity prices hit fresh records yesterday, raising fears that the global economy is becoming “destabilised” At one stage, the price of a barrel of oil topped $117, leading to record one-day increases in the wholesale cost of gas and electricity. These increases will be passed on to consumers, piling more pressure on […]

Biofuels starving our people, leaders tell UN

The leaders of Bolivia and Peru have attacked the use of biofuels, saying they have made food too expensive for the poor. Speaking at the United Nations, the Bolivian president, Evo Morales, said the increased use of farmland for fuel crops was causing a “tremendous increase” in food prices. The Reuters news agency reported that […]

‘Food crisis’: world reaction

Readers from around the world have sent their reaction to the rise in global food prices. You can read a selection below. …We are horrified at the huge raise in prices of many basic food stuffs in South Africa over the past 12 months… on items like milk and cheese and other dairy products. Bread, […]

Oil Price Hits Another All-Time High

Oil Spikes Above $118 a Barrel as Supply Concerns Continue Oil prices rose Tuesday to an all-time high above $118 a barrel on concerns over supplies from some key producers. Light, sweet crude for May delivery rose as high as $118.05 a barrel in electronic trading on the New York Mercantile Exchange, eclipsing Monday’s all-time […]

U.S. says high oil prices risky to economy

ROME (Reuters) – Oil prices that hit a record on Tuesday are clearly too high and not beneficial for the U.S. economy, a top U.S. energy official said. The United States has been remarkably resilient in the face of expensive energy, but a rally on oil to more than $118 a barrel is an economic […]

OPEC Lays It on the Line at IEF: ‘Increase Security for Demand’

Organization of the Petroleum Exporting Countries (OPEC) Secretary General HE Abdalla Salem El-Badri addressed an audience at the 11th International Energy Forum (IEF), held in Rome April 21, where he spoke earnestly about the need for demand security in an “increasingly interdependent energy world.” The oil is there, said Badri, particularly in OPEC’s Member Countries, […]

IMF: Capacity warning for oil producers

The International Monetary Fund warned oil ministers on Monday that their expansion in capacity was failing to keep up with surging demand, leading to instability in the market. John Lipsky, the IMF’s deputy director, told a meeting in Rome: “While oil demand has remained robust, the supply side response to rising prices has been disappointing. […]

Angola Overtakes Saudi Arabia as Biggest Oil Supplier to China

Angola was the top supplier of crude oil to China in the first quarter, ahead of Saudi Arabia, Iran, Oman and Russia as the world’s second-biggest energy user boosted purchases to ease a domestic shortage. “The trade figures show strong demand from the domestic market,” said Gong Jinshuang, an oil analyst at China National Petroleum […]

Germany falls behind in wind turbine installations

Germany was replaced by the United States as the world’s No.1 market for newly installed wind turbines last year due to falling subsidies, the German wind energy federation BWE said on Tuesday. While new installation of wind turbines worldwide rose about 31 percent overall to 20,076 megawatt (MW), new installations in Germany slumped 25 percent […]

Migrating bird numbers plummet in UK

The number of birds which migrate to the UK every Spring to breed is plummeting, a new study reveals. The fall in birds completing the annual journey from Africa has been so dramatic that scientists fear it is part of a seismic environmental change.The spotted flycatcher, turtle dove and tree pipit numbers have declined by […]

Uganda: Country Turns to Nuclear Power Plants

Hamstrung by unpredictable climatic changes that have reduced the water levels in Lake Victoria and the amount of hydroelectricity generated by dams along the River Nile, the Ugandan government is turning to the more predictable nuclear power. The country’s Energy and Mineral Development Minister, Daudi Migereko, estimates that Uganda will be in a position to […]

Kenya: Plan to Light One Million Rural Homes

The Government will soon embark on an ambitious programme to supply electricity to one million homes, especially in rural areas, in the next five years. Energy minister Kiraitu Murungi has said access to electricity among Kenyans was still “extremely low” compared to consumers in other African countries.“In Kenya, for example, only 10 per cent of […]

China sees 2008 power shortfall at 10 GW

China’s power demand this year could outpace supply by up to 10 gigawatts (GW), with temporary brownouts hitting parts of the south during the summer, the deputy head of the country’s power regulator said on Tuesday. China’s power firms are building new power stations each year but coal burning generators are struggling with soaring fuel […]

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