One law is causing prices to go through the roof

“ThereFiddling While We Burn There it is in plain sight for everyone to see, exactly what I

Oil Crisis: Blame Failure of U.S. Leadership, Not Big Oil

With oil pushing past $130 per barrel, Congress is swinging into action with a series of boneheaded measures designed to generate crowd-pleasing sound bytes vs. actually addressing the issue. In typical fashion, Washington’s approach to the problem is to take symbolic measures like last week’s vote to stop filling to SPR, or this week’s House […]

Connecticut businessmen take a bite out of home heating oil costs

Their fuel co-op saved neighbors an average of $200 last year. Prospect, Conn. – Three local businessmen are taking a bit of the chill out of winter for themselves and more than 100 of their neighbors. While they can’t take away the snow and ice, they do promise to save their neighbors money on home […]

Stranded in Suburbia

I have seen the future, and it works. O.K., I know that these days youBut we

Coal shortage at China plants

Less than three days of coal supplies at some Chinese power plants, government says; adding to devastation from earthquake. BEIJING (AP) — Chinese power plants are running out of coal, with less than a three-day supply in some areas, the government said Tuesday, adding to China’s logistical headaches following a devastating earthquake. It is the […]

An Oracle of Oil Predicts $200-a-Barrel Crude

Arjun N. Murti remembers the pain of the oil shocks of the 1970s. But he is bracing for something far worse now: He foresees a An analyst at Goldman Sachs, Mr. Murti has become the talk of the oil market by issuing one sensational forecast after another. A few years ago, rivals scoffed when he […]

Don’t blame us for prices – oil execs

A Senate Judiciary Committee seeks answers from Big Oil execs for rising oil prices on day that crude crossed $130 a barrel. NEW YORK (CNNMoney.com) — Amid increasing public outcry over record-shattering oil and gas prices, senators on Wednesday hauled industry executives in to testify about the recent runup. The Senate Judiciary Committee called the […]

Forget Saudi Peak Oil

To oil world watchers and worriers, the words Twilight in the Desert are instantly recognizable. That’s the name of the book by energy investment banker Matthew Simmons, who used hundreds of internal documents to bolster his case that oil production has peaked or soon will be peaking in Saudi Arabia Grain production in Saudi Arabia […]

Electric Car Hits The Road In Fuel-Starved Gaza

GAZA – A Palestinian-designed electric car drew admiring stares on Tuesday from Gazans forced to use cooking oil to power their cars because of a fuel shortage. “At first people laughed, saying it would not work, now people are begging us to convert their cars,” said Fayez Amman.Working with fellow electrical engineer Wasim al-Khuzundar, Amman […]

Brazil Environment Agency Seizes Amazon Soy, Corn

Brazil’s environmental agency Ibama said on Tuesday it seized some 4,740 tonnes of soy, corn and rice grown on illegally deforested land in the Amazon as the country struggles with its environmental image abroad. Brazil’s farming, biofuels and ranching sectors, Latin America’s largest, have come under fire, especially in Europe, for unregulated expansion at the […]

Australia: Stuck in the coal age, when the solar century has already begun

Renewable energy has the potential to power our whole country with zero emissions within the near future, something coal cannot dream of. However, in terms of fast, cheap emissions reductions, nothing can beat energy efficiency. The Greens’ proposal for a systemic infrastructure upgrade across Australia, to increase efficiency by 30 per cent or more across […]

Nigeria: The Great Power Crisis

For the past three weeks, the average power supply to all parts of the country has dropped to less than five hours a day. Power supply from the Egbin Thermal Station with the capacity for 1,350 megawatts is reported to have dropped to less than 800 MW due to a combination of inadequate gas supply […]

Oil palm genome sequencing may aid sustainability

A US-Malaysian partnership has completed the first phase of annotating the oil palm genome in a process it hopes will enable increased oil yields and sustainability. California-based Synthetic Genomics (SGI) and the Asiatic Centre for Genome Technology Sdn Bhd (ACGT) announced the joint venture last year, with the aim of developing more high-yielding and disease-resistant […]

Peru’s agriculture minister seeks restrictions on biofuel production

Peru’s government plans to restrict biofuel production to secure its food supply, the country’s agricultural minister said Tuesday. “The idea is that the production of biofuels will take place in degraded lands to avoid competition with food production,” Agriculture Minister Ismael Benavides told the Andina state news agency.Benavides and Peru’s Environmental Minister Antonio Brack agreed […]

French fishermen urged to end protests

A French fishermen’s leader on Wednesday called an end to protests that crippled cross-Channel traffic after the government agreed to unlock promised aid.Fishermen held meetings to discuss the negotiations, but it remained unclear whether the call would be heeded by fishermen who launched the protests on May 10 to press for compensation for soaring fuel […]

Indonesia considering mandatory use of biofuel

Indonesia, the world’s biggest palm oil producer, is considering bringing in a mandatory policy for the use of palm-based biodiesel in the domestic market this year, government officials said on Wednesday. The resource-rich tropical nation has been pushing for the use of biofuels de from palm oil to cut the use of costly petroleum products […]

Benin Project Finds Solar Energy May Ease Hunger During Dry Seasons

A year-old project in Benin has shown that harnessing the power of sunlight could provide long-term solutions to hunger in underdeveloped nations. A six-month dry season in the Kalale District of Benin used to wreak havoc on farming villages. Now, with solar technology, according to those working on the project, it brings flourishing crops.A centerpiece […]

The Queen goes green with world’s largest wind turbine

The Queen is going green by investing in the largest wind turbine in the world, her property company the Crown Estate said on Wednesday. The Estate, which owns most of the seabed off Britain’s shores, regularly leases out its land to wind farm projects but has never invested in the turbines.With a capacity of 7.5 […]

‘Peak oil scenario’ approaching faster than expected

ABERDEEN, Scotland (Xinhua) — After successfully forecasting current oil prices at the first All Energy conference in 2001, John Westwood, an energy expert, said here on Wednesday that “more pain is to come” for world energy. Speaking at the opening session of the All Energy’08, the 8th in the annual series, John Westwood, Chairman of […]

‘Peak oil’ sentiment pumping up long-term futures

Oil prices are heading to almost $140 a barrel in the next eight years, according to futures contracts on the New York Mercantile Exchange, on concern that growth in supply may fail to keep pace with rising demand. Oil for delivery in December 2016 surged $17.08, or 14 percent, in the three trading days since […]

Oil execs ask Congress to allow more U.S. drilling

WASHINGTON – Oil executives today challenged lawmakers to open more areas to drilling and send a signal to the world about the United States’ resolve to deal with its own energy problems. “If the nation set a goal of increasing domestic production by 2 (million) to 3 million barrels a day by opening up new […]

Clean-up slows down at Britain’s obsolete reactors

The debate over new plants is obscuring a bigger problem: there isn’t enough money being spent on decommissioning old ones. At an intimate House of Commons reception last week on a balmy evening, the Minister for Energy, Malcolm Wicks, addressed some of the UK’s biggest players in the nuclear world. He was speaking passionately about […]

Soaring gas prices sinking consumer spending, sentiment

The average price for gasoline soared 6.9 cents over the last week to a record of $3.79 a gallon. That means the national price for regular, self-service gasoline is now up 57 cents from a year ago, according to data relased by the federal Energy Information Administration on Monday. With personal income stagnating, consumers are […]

Russian oil firms may cut exports during repairs

MOSCOW (Reuters) – Russia’s top oil firms have pledged to cut exports of refined products or build up stocks during refinery repairs if there is a risk of a domestic market shortage, the anti-monopoly service said on Wednesday. “We wanted some clarifications as to what firms will do during repairs. They pledged to meet domestic […]

OPEC head concerned about oil market volatility

VIENNA: OPEC head Abdalla Salem El-Badri said Wednesday he was worried about volatility in the oil market as prices soared through the historic 130 dollars level for the first time. “The Secretary General expressed concern about the volatility that has characterised the market in recent times,” the Vienna-based cartel said in a statement from Caracas, […]

Nigerian militants reject goverment proposal that the secure oil infrastructure

LAGOS, Nigeria: The defense minister has proposed hiring militants known for attacking Nigeria’s oil infrastructure to protect the pipelines instead, local media reported on Wednesday. But the most potent armed group in the country’s oil region dismissed the idea as “laughable.” Newspapers quoted Minister of Defense Yayale Ahmed as telling lawmakers Tuesday that, if the […]

American to charge $15 for first checked bag

No. 1 carrier also plans to cut routes, lay off workers amid high fuel prices FORT WORTH, Texas – American Airlines will start charging $15 for the first checked bag, cut domestic flights and lay off workers as it grapples with record-high fuel prices. But rival Delta doesn American, the nation

Gasping for a virtual drink

… Most crops take extraordinary amounts of water to grow: a thousand tonnes for a tonne of wheat, for instance. In fact, two-thirds of all the water abstracted from the world’s rivers and underground reserves goes for crop irrigation. Unsurprisingly, dry countries, like most of the Middle East, don’t have enough water to feed their […]

Russia’s economic progress to fuel cooperation with China

Russia’s policy of optimizing its economic structure will help to further economic and trade ties with China, a leading Russian expert said on Wednesday. “Russia is determined to transfer its economic drive force from natural resources to innovation, which will increase its exports of high-tech products to China and tap cooperation potential in joint research […]

Experts fear global oil slump

THE world is on the verge of an oil-driven economic crisis to rival those of the 1970s and ’80s, experts say. Rapidly rising unemployment, mass bankruptcies, business collapses, out of control inflation and sky-high interest rates are just some of the consequences for Australia – and the rest of the world – if oil hits […]

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