Oil’s Rise Is Fueling the Wind Plays

Every day that oil goes up, there is a new set of technologies that had formerly been priced out of the market that comes back to life. Let’s take wind. Wind, in itself, just seems so stupid. It needs, well, wind. Much of our country doesn’t have enough wind to make this economic. There are […]

Kenya: Brace for the worst, experts warn as oil prices soar

Kenyans have been warned to brace for further increases in oil prices — and the rise in the cost of living that goes with it. Many household budgets have been stretched to breaking point by increases in fuel prices which have sparked similar rise in the cost of food, transport and other essential goods.From motorists […]

UK: Firms ‘pushed to edge’ as oil prices double

Companies are being pushed to the “absolute edge,” a business leader warned last night, as oil prices rocketed to more that double their cost 12 months ago. Chris Hannant, head of policy at the British Chambers of Commerce, called for urgent action after crude reached its latest record of $135.09 a barrel, threatening to add […]

‘Demand destruction’ (i.e., a slump) may prick oil bubble

The evidence is growing stronger that the global shortage of oil isn’t about to be relieved by anything dramatic on the supply side, which leaves an ugly alternative. In the financial world, they call it “demand destruction.” We can just use plain English and call it a widening global economic slump.The idea is this: if […]

European power firms call for clear rules on new nuclear plants

European power companies called Friday for urgent EU-wide moves to clear the way for new nuclear plants, stressing the security and climate change dangers of a failure to act. “We have a barrel of oil costing 135 dollars a barrel, it is urgent to act. Industry cannot wait for a gradual approach to lead to […]

Nigeria: Fuel – Daily Consumption May Rise to 40m Litres

Local consumption of refined petroleum products is expected to jump from the current level of 27 million litres per day to 40 million litres per day by 2010, the Minister of State for Petroleum, Mr Odein Ajumogobia, has said. According to the latest edition of the “Nigeria ’s Oil and Gas ” a monthly magazine, […]

Kenya: Growth Fuels Rise in Demand for Energy

Demand for fuel and electricity increased in tandem with the expansion in economic activities and domestic consumption. According to the 2008 Economic Survey, the total quantity of petroleum imports registered a 16.4 per cent increase to stand at 3.7 billion tonnes in 2007. The rise was driven by expansion in manufacturing and transport sectors, which […]

Oil price mocks fuel realities

The chief market strategist for one of the world’s leading oil industry banks, David Kelly, of JP Morgan Funds, recently admitted something telling to the Washington Post: “One of the things I think is very important to realize is that the growth in the world oil consumption is not that strong.” One of the stories […]

Vast cracks appear in Arctic ice

Dramatic evidence of the break-up of the Arctic ice-cap has emerged from research during an expedition by the Canadian military. Scientists travelling with the troops found major new fractures during an assessment of the state of giant ice shelves in Canada’s far north.The team found a network of cracks that stretched for more than 10 […]

Google, Chevron Build Mirrors in Desert to Beat Coal With Solar

Along a dusty two-lane highway in California’s Mojave Desert, 550,000 mirrors point skyward to make steam for electricity. Google Inc., Chevron Corp. and Goldman Sachs Group Inc. are betting this energy will become cheaper than coal. The 1,000-acre plant uses concentrated sunlight to generate power for as many as 112,500 homes in Southern California. Rising […]

$135 and rising … has cheap oil gone for ever?

Consumers feel the pinch as analysts predict crude may reach $150 a barrel Fresh from his mauling in the byelection, Gordon Brown met two leaders yesterday. One was the Dalai Lama; the other, Hamad bin Jasim bin Jabir al-Thani, prime minister of oil and gas rich Qatar, may have more influence on the prime minister’s […]

World Nears End of Oil Age

British geologist George Reynolds stood fascinated by soaring black liquid at an isolated mountain area in Persia (now Iran) on May 26, 1908. Six years and eight months had passed since he started his search for oil in the Middle East. It was the moment his effort, which never stopped even when he was ordered […]

Spain’s drought: a glimpse of our future?

Barcelona is in the grip of a climate crisis on a scale never seen before in modern-day Europe. And now this parched city is being forced to import supplies from France Barcelona is a dry city. It is dry in a way that two days of showers can do nothing to alleviate. The Catalan capital’s […]

The end of the budget airline?

The list of bankrupt airlines is growing by the week, but the biggest casualty of the oil squeeze in the airline industry could be the cheap fare and the holiday plans of a generation weaned on affordable air travel. A decade of low ticket prices has fuelled the Tallinn stag do and made Ryanair an […]

French fishermen protest as anger mounts in Spain, Portugal, Belgium

CALAIS, France (AFP) In Dunkirk, fishermen set fire to crates and set up roadblocks to prevent trucks from entering the Total oil refinery where riot police were deployed to secure the entrances, said an AFP correspondent. Fishermen ransacked fish stands at two wholesalers in Normandy and at supermarkets in the southern Narbonne region in protest […]

Back to the Future: Limits of Economic Growth in Latin America

It was back in the days of enormous computers. Massive machines that occupied several rooms calculated the surface area of the earth needed to feed the planet’s population, and the area lost due to urbanization and other uses. The computers vibrated and spit out their results: in a matter of a few years, a situation […]

Dr. Robert L. Hirsch Keynote Speech

Dr. Hirsch The Auto Channel (video)

New biofuel species likely to wreck habitat

The Global Invasive Species Program, meeting in India, has said countries should avoid planting crops for biofuels that stand a high risk of becoming invasive species. GISP has identified all the crops currently being used or considered for biofuel production and ranked them according to the risk they pose of becoming invasive species.Sarah Simons, executive […]

Saudi Arabia celebrates 75 years of oil

Conservative Saudi Arabia cut loose for one night with bright lights and loud music to celebrate 75 years of the oil era, which has turned a backward desert kingdom into a super-rich power. King Abdullah watched dancing children and listened to actors and government executives narrating how oil transformed the desert and predicted it would […]

Canadians fear oil prices will soar higher: poll

As pump prices continue their seemingly inexorable climb, more than half of Canadians are either changing their driving habits or thinking about it, a new poll suggests. About a quarter of respondents to The Canadian Press-Harris-Decima survey said the soaring price of gasoline has led them to cut down on gasoline consumption and another 28 […]

OPEC Sec-gen says not worried by aging oil fields

BLOCK 15, Ecuador (Reuters) – OPEC Secretary-General Abdullah al-Badri said on Friday he was not worried about reports of faster-than-expected depletion in the world’s biggest oil fields. Oil climbed toward $132 a barrel on Friday, driven by a weaker dollar and as nagging concerns about stagnating production in Russia and other countries outside the OPEC […]

Think oil prices hurt now? Just wait

DALLAS, Texas (Reuters) – Sky-high oil prices are causing pain at the pump, but bills for air conditioning this summer and heating next winter — combined with rising food costs — promise to squeeze U.S. consumers even more. With gas at $4.00 a gallon, households already have less to spend on a new grill at […]

The Oil Problem

The price of oil has risen to over $130 per barrel. What is the cause of this rise? In the latest forecasting survey of the Wall Street Journal, we read that a majority of economists attribute rising food and oil prices to It is interesting how little we know regarding the future price of oil, […]

Pump alternative? How about natural gas?

Fleets use cheaper, cleaner fuel, but only Honda makes consumer model OKLAHOMA CITY – As gasoline prices soar, vehicles powered by natural gas are capturing more attention, especially among those operating heavy vehicles. Compressed natural gas, or CNG, has an average-per-gallon equivalent price that’s one third that of gasoline, Richard Kolodziej, president of Natural Gas […]

High gas prices don’t mean empty roads

AAA expects 31.7 million Americans to drive this Memorial Day weekend NEW YORK – Holiday travelers hitting the road for the unofficial start of summer have some budget adjustments to make with gasoline prices at record highs. But AAA still expects the roads to be crowded. The auto club estimates 31.7 million drivers will take […]

Peak oil hits new heights and the view is not pretty

The problem is simple, there is not enough to go around China’s devastating earthquake gave the people of Sichuan an early taste of a world that is running out of fuel. Thousands of families slept in their cars outside petrol stations because the province’s oil infrastructure had been disrupted and its remaining fuel supplies diverted […]

The Waning Days of the Road Warrior

Why the current slowdown in business travel may not end when the economy recovers For years, Irv Rothman, CEO of Hewlett-Packard’s (HPQ) Financial Services division, traveled at least once a quarter Whenever there’s an economic downturn, corporations slash their travel budgets. The International Air Transport Assn. is already reporting that business and first-class travel have […]

Knowledgeable Republicans ‘less concerned’ over climate

The more Democrats think they know about global warming, the more concerned they are. But Republicans who consider themselves well informed on the topic seem no more worried than those who profess ignorance, a study suggests. When it comes to attitudes to global warming in the US, how knowledge translates into concern depends upon people’s […]

Toyota building $192M green-car battery plant

(AP) — Toyota is building a $192 million plant in Japan to produce batteries for gas-electric hybrid vehicles, as it seeks to keep its lead in an intensifying race for green cars among the world’s automakers. Toyota’s joint venture with Matsushita Electric Industrial Co., which makes Panasonic brand products, is building the plant in Shizuoka […]

Government urged: don’t cut fuel duty but spend it wisely (UK)

Campaign for Better Transport, responding to plans by the road haulage lobby for a demonstration on Tuesday, today urged the Chancellor to reject calls for a decrease in fuel duty and to use the revenue to give people real travel choices. Roads and Climate Campaigner Richard George said:

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