Across Globe, Empty Bellies Bring Rising Anger

PORT-AU-PRINCE, Haiti Saint Louis Meriska

Calm urged over refinery shutdown

Motorists have been urged not to panic buy fuel amid warnings that the shutdown of Scotland’s only crude oil refinery could lead to shortages. Ineos claims it could have to close its refinery at Grangemouth for a month on safety grounds ahead of a strike by 1,200 members of the Unite union. Industry analysts told […]

Canada’s Arctic mapping key to resource claims

OTTAWA – Mapping the outer limits of Canada’s continental shelves in the Arctic is essential in order to allow the country to control oil and mineral exploration in a responsible way, Natural Resources Minister Gary Lunn said Friday. After returning from a trip to the polar cap where he visited a northern Canadian research outpost, […]

OPEC can boost output by 2 million bpd — Chairman

(KUNA) — The Organization of Petroleum Exporting Countries (OPEC) has the ability to increase its production by two million barrels a day, a senior OPEC official said. Visiting OPEC Conference President and Algeria’s Energy and Mines Minister Chakib Khelil told KUNA the increase could mainly come from Saudi Arabia, adding that other countries like Algeria, […]

UK: Energy firms to raise bills yet again

Energy companies are preparing to slap hard-pressed households with a second massive hike in utility bills this year. Bills could start rising again in the summer by as much as 25 per cent, or an average Last week senior Norwegian energy executives also warned government officials and regulator Ofgem that they do not see the […]

Exposed: the great GM crops myth

Major new study shows that modified soya produces 10 per cent less food than its conventional equivalent Genetic modification actually cuts the productivity of crops, an authoritative new study shows, undermining repeated claims that a switch to the controversial technology is needed to solve the growing world food crisis. The study Professor Barney Gordon, of […]

UK: Chaos fears over strike at refinery

SEVERE fuel shortages could hit northern England and Scotland for up to a month because workers at Grangemouth, Scotland Grangemouth

Avalanches spark massive power shortage in Alaskan capital

Several massive avalanches have damaged hydroelectric power lines near Juneau, Alaska, knocking out 85 per cent of the city’s electricity and likely causing utility prices to soar. The series of avalanches came early Wednesday, wiping out transmission lines and support towers along the 45-kilometre power line extending from the Snettisham hydroelectric dam to Juneau. The […]

Oil Bill Protest Shuts Mexican Congress

MEXICO CITY

Chevy Volt is no ‘electric Camaro’

For efficiency’s sake GM’s electric car will look a little tamer than the concept car, but still no Prius. WARREN, Mich. (CNNMoney.com) — General Motors is on track to begin production of the Chevrolet Volt in 2010, according to GM executives involved in the car’s development. But consumers should ready themselves for something a little […]

New Urbanism means making the automobile less necessary

The problem: People living in low-density areas far from a city centre rely more on their cars. The solution: The New Urbanism Movement. New Urbanism is a fancy term describing a growing interest in urban landscapes designed to make car use less necessary. The goal is to reconfigure North American cities to accommodate a more […]

Nothing stopping oil prices from rising: IEA

Record oil of $117 a barrel calls for a demand response and a supply response, but for now there is little to stop prices heading still higher, the deputy executive director of the International Energy Agency (IEA) said on Saturday. “We need both a demand response and a supply response,” said William Ramsay on arrival […]

Nigeria: Military Cannot Protect You, MEND Threatens Oil Companies

Movement for the Emancipation of the Niger Delta, (MEND) has warned oil companies working along the coastal region of Nigeria to be ready for war, just as it said the military was not in a position to protect them. MEND said the oil companies were in for a raw deal, stressing that it had decided […]

Kunstler: Farewell to suburbia

Car-dependent communities, the greatest misallocation of resources in history, have no future — but that’s just one of the shocks the global oil crisis is going to bring The fog of cluelessness that hangs over North America about the gathering global oil crisis and its ramifications seems to thicken by the hour. One reason for […]

Saudi Arabia Says Market Doesn’t Need More Oil

(Bloomberg) — Saudi Arabia, facing calls from oil- consuming nations to pump more crude, has no plans to raise output because increased supply wouldn’t damp record prices, Argus reported, citing Oil Minister Ali al-Naimi. Adding the country’s spare supplies would “destabilize” the market by flooding it with oil that isn’t needed, al-Naimi said, according to […]

Gas prices box in an Alabama community

Cars have connected Wilcox County with the wider world, and with jobs. But now the drive doesn’t pay off. …Though drivers across the nation are smarting from the rising price of gas, it is taking a particularly harsh toll here in Wilcox County, where the median household income is $17,500. A recent report by the […]

Asia’s Optimism Misplaced as Oil Heads for $200

(Bloomberg) — There’s that word again: “contained.” It’s popping up in more and more media reports about the state of the credit crisis. Asian stocks rose for a third day yesterday after better-than-expected profits at U.S. banks boosted optimism that the worst is over. News from JPMorgan Chase & Co., the third largest U.S. bank, […]

Arctic Meltdown

The Economic and Security Implications of Global Warming Summary: Thanks to global warming, the Arctic icecap is rapidly melting, opening up access to massive natural resources and creating shipping shortcuts that could save billions of dollars a year. But there are currently no clear rules governing this economically and strategically vital region. Unless Washington leads […]

Bush’s Toothless Climate Plan

President George W. Bush stood in the White House’s Rose Garden this afternoon, and delivered his strategy for saving the world from climate change. Central was a new goal of stopping the growth of U.S. greenhouse gas emissions by 2025, through a mix of incentives for lower-carbon power and better energy efficiency, especially for utilities. […]

Obama, Clinton woo coal vote in upcoming primaries

Democrats Barack Obama and Hillary Clinton are walking a delicate line as they promise to aggressively tackle global warming while trying to assure voters that they continue to believe in the future of coal.“They keep using the term ‘clean coal.’ That’s really an oxymoron,” snaps Brent Blackwelder, president of the environmental group Friends of the […]

The World in 2058

How will the world look in the year 2058? Sixty thinkers from around the world rise to that challenge in “The Way We Will Be 50 Years From Today,” a collection of essays edited by longtime journalist Mike Wallace. The consensus view is that we’ll muddle through many of the issues that vex us today […]

Thinking out loud: ”is free money a blessing or a curse?”

Think of oil-producing countries. These are nations that have done nothing to create their main source of wealth: crude oil that is sitting underground within established borders. These nations are basically a group of people who at some point in history learned they happened to be occupying a geographical location that for some reason contains […]

The end is nigh

It’s probably true that people don’t want to hear things like “our current food system is totally unsustainable and on the point of collapse”. But it’s also true that Kevin Moore doesn’t present his message in a way that is easy to understand. He interrupts himself, he changes the subject half-way through a sentence and […]

Iran says oil price too low at 115 dollars a barrel

Even at 115 dollars a barrel, oil is priced too low, Iranian President Mahmoud Ahmadinejad said in comments published on Saturday adding that the commodity “should find its real value”. “Oil at 115 dollars a barrel in today’s market is a deceiving figure, oil is a strategic commodity and should find its real value,” the […]

India most energy efficient among emerging economies: Report

Defying the logic that a growing economy consumes more energy, India has emerged as the most energy efficient country among leading emerging nations including China, Brazil and South Africa. Latest findings from the Emerging Economy Report by research and consulting firm, Center for Knowledge Societies, show emerging economies could play pivotal roles in reducing the […]

Cheap energy in UAE is over

The UAE’s electricity demand projections are staggering. Based on future development plans, the current installed capacity of energy will need to double by 2015. The amount of energy the UAE consumes is set to treble by 2020 – a reflection of a very energy-intensive lifestyle. Even as the energy-producing Middle East sells its wares in […]

Paying the price for ignoring the real economy

Data on crude oil trade on the NYMEX are revealing. The futures net long position held by non-commercials (non-hedgers, better known as speculators) as a percentage of open interest is the key to deciphering the level of speculative interest in rising prices. For instance, as of April 1, futures net long as a percentage of […]

UK: Four days’ fuel left as refinery strike looms

FILLING stations across Scotland have only four days worth of fuel left, experts warned last night as a strike at the country’s only oil refinery looms closer. Supplies to airports, petrol stations and businesses across Scotland, northern England and Northern Ireland could be disrupted within a week as contingency plans to close operations at Grangemouth […]

France

France has launched a political campaign to restore food protectionism at the heart of Europe Mr Barnier said that the EU should not bow to pressure from the World Trade Organisation to reduce further its agricultural subsidies but instead should increase aid to farmers in developing countries. The French initiative at the EU Agriculture and […]

Oil price record triggers

Oil prices could hit $125 a barrel over the coming weeks amid fears of supply shortages and a continued fall in the value of the dollar, one leading investor said last night. The soaring price of crude, which reached another new record of $115 yesterday, has triggered a buyout scramble in the sector with oil […]

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