Canada: Native chief seeks help of Venezuela’s Chavez

He’ll ask President to help stop profitable U.S.-bound oil pipelines WINNIPEG The letter asks Mr. Chavez to turn the international spotlight to human-rights violations against indigenous people in Canada and to champion their cause. It says Mr. Nelson and other native leaders plan to expose the damage done to Canada’s indigenous people in the runup […]

Stern review author paints bleaker picture on climate change

LONDON (AFP) – Nicholas Stern, the author of a key climate change report, said in an interview published Thursday that he and his team “underestimated” the risks of global warming. Speaking to the Financial Times, former World Bank chief economist Stern also defended the conclusions in his 2006 report, which has been criticised by some […]

Oil price hits record high 115.54 dollars

LONDON (AFP) – The price of New York oil hit a record high 115.54 dollars per barrel on Thursday, boosted by falling US energy reserves and a weak dollar which attracts investors into commodities, analysts said. New York’s main oil futures contract, light sweet crude for delivery in May, later stood at 115.23 dollars, up […]

Delta/Northwest May Spark More Airline Mergers

The proposed merger of Delta Air Lines and Northwest Airlines is likely to spur other carriers to go after the cost savings and brand recognition required to survive amid high fuel prices and a weak US economy. If the long-awaited consolidation wave were to happen, the airlines most likely to follow suit would be United […]

Brazil Lula Defends Biofuels From Growing Criticism

President Luiz Inacio Lula da Silva defended Brazil’s production of biofuels on Wednesday, rejecting criticism that they are furthering a surge in global food prices and harming the environment. “Don’t tell me, for the love of God, that food is expensive because of biodiesel. Food is expensive because the world wasn’t prepared to see millions […]

Oceans Absorbing Less CO2 May Have 1,500 Year Impact

Global oceans are soaking up less carbon dioxide, a development that could speed up the greenhouse effect and have an impact for the next 1,500 years, scientists said on Wednesday. Research from a five-year project funded by the European Union showed the North Atlantic, which along with the Antarctic is of the world’s two vital […]

France to complete biofuel plan despite criticism

France will finish off its ambitious biofuels program despite growing criticism over their negative impact on the environment and food prices, the country’s transport minister said on Wednesday. “The government has decided to finish off its program currently under way and the factories under construction will naturally be built,” Dominique Bussereau told parliamentarians.French farm minister […]

What future awaits Russia and the world after oil

Andrey Parshev, author of the scandalous bestsellers “Why Russia Isn’t America” and “Why is America Advancing,” is known for his boisterous remarks that initially seem absurd, but have the habit of coming true. Ten years ago, Russian politicians laughed at Parshev’s comment about the U.S. attacking Iraq. Similarly, economists were quick to joke when Parshev […]

Iran Thumbs Nose At West Over Oil Demands

Iranian Oil Minister Gholam Hossein Nozari taunted America and Britain after the two countries appealed for OPEC to increase supply. “Why should OPEC try to lower prices? … Let America and Britain continue demanding,” the controversial minister said to journalists outside a conference in Tehran on Wednesday.His hard-line stance is echoed by Iranian President Mahmoud […]

Two factors mean the end of air travel as we know it

The world is starting to be affected by the twin challenges of climate change and peak oil, but many involved in transportation planning are looking the other way. In fact, it’s easy to believe air travel will keep on expanding, given all the jam-packed airplanes, delayed flights and crowded airports. But cracks are appearing.In the […]

Oil surges as investors hunt an ‘anti-dollar’

Output is falling in the non-Opec trio of Britain, Norway and Mexico. Russia’s production slipped 1pc in the first quarter. The cost of developing oil fields worldwide has doubled in three years. The cost of operating an oil rig per day has risen from $200,000 to $600,000 since 2003. “The system is operating flat out,” […]

Oil hits record high as crude stocks fall

Many industries are already groaning under the weight of the record oil price, not least the airline industry, which saw four US airlines collapse last week. Collins Stewart, the UK broker, slashed forecasts for airlines after taking into account a sustained period of oil at more than $110 a barrel. There are concerns that British […]

Gas Prices Demystified

The price of crude oil accounts for up to 70 percent of what drivers ultimately pay for gas at the pump, according to the U.S. Energy Information Administration. So with crude prices recently cresting at over $110 per barrel, you don’t have to be an economist to calculate why gas prices have also hit record […]

Preparing for the age of peak oil

Russia In Russia, the problem is not so much a lack of oil but an investment drought. This has been caused by high taxes and hostile treatment of foreign and some domestic companies by a government reasserting control over its energy sector. Russia will have to act quickly if it is to avoid a long-term […]

John Michael Greer: The specialization trap

Few ideas are quite as unpopular nowadays as the suggestion that the fate of past civilizations has something to teach us about the likely destiny of our own. This lack of enthusiasm for the lessons of history pervades contemporary culture; what makes this interesting is that it is also among the most fruitful sources of […]

Farming report released amid food shortage riots

UNESCO calls for a ‘paradigm change’ to move away from fossil fuels in agriculture PARIS The report, known as the International Assessment of Agricultural Science and Technology for Development, takes a broad look at farming in relation to hunger, poverty, the environment and social equity. “The IAASTD encourages us to take up what can be […]

Bush revises climate strategy

WASHINGTON (AP) “To reach our 2025 goal, we will need to more rapidly slow the growth of power sector greenhouse gas emissions so that they peak within 10 to 15 years, and decline thereafter,” Bush said in excerpts of the speech released early by the White House. “By doing so, we will reduce emission levels […]

Oil futures jump to record over $115 on supply concerns

NEW YORK – Crude futures made their first foray past $115 Wednesday, propelled to a new record by concerns about how much gas will be available during the peak summer months. Inventories of gas fell by 5.5 million barrels last week, according to the Energy Department’s Energy Information Administration, a much bigger decline than forecast […]

Unsustainable World

There are places in the world where history seems to be running backwards: children are stopping going to school. The reason, so they can work in the fields because it’s the only way their family can get enough to eat. Meanwhile, in the UK we’re putting agricultural products in our petrol tanks to help fight […]

The skies less traveled

Air woes a glimpse into the future? If you think America’s skies have become a little less friendly than they once were — what with bankruptcies, inspection problems and skyrocketing fuel prices — just wait. Chances are good that the era of convenient, cheap air travel is ending. In our backyard, the discount airline with […]

Consumer prices continue to climb

Food, energy costs push up inflation at 4 percent annual rate WASHINGTON – Consumer prices pushed higher last month as increases in energy, food and airline tickets overwhelmed the biggest drop in clothing prices in nearly a decade. The Labor Department reported Wednesday that consumer prices rose 0.3 percent in March after being unchanged in […]

Green roofs popping up in big cities

Environmentally friendly industry rapidly coming into its own The Washington Nationals Particularly in cities, the rise of roof-topping grasses, succulents and other vegetation is fueling a boom for landscape architects, growers, builders and consultants in the know. As the roofs bloom in size and number, cities are weighing new incentives to developers and owners to […]

Pilots claim airliners forced to fly with low fuel

Cost-cutting measures create serious risk for fliers, flight crews complain As cash-strapped airlines pack more passengers on flights into ever-busier airports, pilots are filing internal complaints warning that airline cost-cutting on fuel supplies could be creating a major safety risk. The complaints, compiled by msnbc.com and NBC News from a database of safety incident reports […]

Brazil Field Vastly Smaller Than Claimed, Credit Suisse Says

(Bloomberg) — Brazil’s Carioca prospect may have 98 percent less crude than a figure cited by the country’s oil agency, Credit Suisse Group said, challenging claims that the field is the biggest-ever discovery outside the Middle East. Haroldo Lima, director of Brazil’s National Oil Agency, sent shares of Petroleo Brasileiro SA and other Carioca stakeholders […]

Chinese oil giants to get tax rebate amid price controls

BEIJING (AP) The government ordered the companies in November to step up imports to ease fuel shortages. CNPC and Sinopec blamed the shortages on controls that barred them from passing on record-high crude prices to consumers, leading to losses for their refining units and prompting them to cut back output. The rebate “is aimed at […]

Namibia: Electricity Tariffs Skyrocket

After weeks of speculation and uncertainty, the Electricity Control Board (ECB) yesterday finally announced the highest ever electricity consumer tariff increase of 18.06 percent for the year 2008/9. The new power tariffs take effect on July 1, putting a further strain on consumers already hard-pressed by a series of increases on consumer goods and fuel. […]

The great white hope of the oil industry

The province of Alberta in Western Canada is a forbidding place It

Oil sit-in pushes out Mexico MPs

A sit-in protest by leftist politicians over energy reform plans has forced Mexico’s Congress to relocate for the first time in almost 20 years. Lawmakers had to cram into conference rooms to press ahead with routine business on Tuesday. Leftist MPs seized the podiums of both houses last week in protest at plans to ease […]

It’s Time for Summer Gasoline

Just what is summer gasoline? Twice a year, in the fall and in the spring, you hear about the seasonal gasoline transition. However, most people probably don That’s only partially correct, and is probably the extent of most people’s understanding of this transition. But given that I am very keen that people should understand the […]

China worse polluter than previously thought, U.S. study finds

PARIS – China’s greenhouse gas emissions have been grossly underestimated, according to a new study released on the eve of a U.S.-led conference here this week involving major emitters seeking ways to deal with climate change. The University of California study, citing previously unavailable evidence, said China probably passed the U.S. to become the world’s […]

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