Virgin Boss Warns Of Airline Casualties

There could be more casualties in the airline industry because of spiralling costs, Sir Richard Branson has warned. The Virgin Atlantic boss said fuel rises would mean some smaller companies would either be forced to merge or go under. He also predicted the cost of oil, now at $125 a barrel, would go up to […]

Oil, Food, and Agrotherapy

Petroleum supplies slowly dwindle as demand rapidly soars. So the prices of gasoline and oil that supply modern societies with their industrial production of food will go up, up, and away. A radically different future than the oil-energized twentieth century is dawning. Let’s face it: our world has become increasingly maddening. Bad news mounts each […]

Australia: Drivers face fuel ration shock

FUEL rationing may be one in a series of shocks facing drivers and commuters in Queensland. Looming oil shortages would produce the biggest change in society since the industrial revolution, Sustainability Minister Andrew McNamara warned yesterday. A report by Mr McNamara for state Cabinet on the impact of the fuel crisis is expected to include […]

New Zealand: Saving for survival

As the cost of living stretches household budgets to breaking point and beyond, many people are reassessing their spending habits and lifestyles in order to make ends meet. ‘Sides to middle.” It’s a phrase evoking vivid memories for a generation of New Zealanders …It seems extreme in today’s disposable culture. It’s hard to imagine young […]

Ireland: Diesel ‘mystery’ deepens as fuel prices surge ahead unevenly

CONSUMERS have been hit with another surge in fuel prices, with both petrol and diesel costing more at the pumps this month. The Automobile Association said it had “never seen prices rise so fast or reach so high”, with diesel now costing 8c more per litre than petrol. One filling station on Dublin’s Usher Quay […]

Technology moves us forward and should be recognized

Back at the beginning of January I changed cars, and now drive a Camry Hybrid. It came with the usual displays for mpg, where the power was flowing and such, and for a month I played with looking at the different displays and then, as with most new toys, started to ignore them. However, pulling […]

Australia: Solar industry starts to cut jobs

The solar industry has started sacking some of its workers in the wake of the Federal Government’s decision to strip back rebates for home solar panels. Solar businesses, in a national phone hook-up on Friday, reported that at least five people had already lost their jobs and more were expected to go this week as […]

Review: Jeffrey Sachs’s call to arms to avert global disaster

Economics for a Crowded Planet By Jeffrey D. Sachs 386 pages. $27.95. The Penguin Press. Even congenital optimists have good reason to suspect that this time the prophets of economic doom may be on point, with the advent of seemingly unstoppable developments like climate change and the explosive growth of China and India. Which is […]

West takes credit for China’s emissions

It is difficult to assess accurately just how much foreign investment and expertise is finding its way into reducing Chinese emissions. However, three observations suggest it is expanding at a rapid pace. First, there are early signs that foreign direct investment (FDI) in China is undergoing a structural transformation away from energy-intensive and polluting industries. […]

South Africa: Cabinet Dashes Eskom’s Hope of Extra 53 % Hike

On the eve of a top-level summit today called to deal with SA’s electricity crisis, power utility Eskom appears to have lost support even from the government in its plea for an immediate and drastic 53% hike in electricity tariffs. Instead, the government has shifted towards supporting a cash injection for the utility to permit […]

Saudi oil output boost doesn’t solve problem-Bush

“As the (Saudi oil) minister said yesterday, Saudi Arabia has increased the number of barrels of oil by 300,000 a day and they’re increasing refining capacity which is not enough. “It’s something but it doesn’t solve our problem,” Bush told reporters. “Our problem in America gets solved if we expand our refining capacity, promote nuclear […]

Iran says OPEC will not boost output

Iran’s oil minister rejected on Saturday any idea of OPEC raising production, saying it would fail to ease record prices as the market was already “saturated” with oil. Gholamhossein Nozari also dismissed as a “political move” Saudi Arabia’s announcement on Friday of a modest hike in output after an appeal from visiting U.S. President George […]

European energy imports cost 37 % more compared to a year ago

Euro-zone nations spent over a third more on energy imports in the first two months of 2008 from a year ago, the EU statistical agency Eurostat said Friday. EU officials have argued that the strength of the euro against the dollar, while hurting exports to the United States, has benefited European customers by cushioning them […]

Rwanda: Mininfra – Sun Shine – How Can We Use It At Night?

In Rwanda, solar energy has been exploited in recent decades by local and international organizations for the electrification of churches, schools and households in rural areas. However the relatively high cost of solar systems has been a barrier to widespread dissemination until now. With the Government new outlook in regard to investments in the energy […]

Rust In Peace: G.M.

WHAT WERE THEY? 1978-85 General Motors full-size diesel sedans. THE POINT WAS? The second energy crisis that came with the Iranian revolution put the heat on Detroit to improve its corporate fuel economy numbers. The diesel was seen as a way of having one REALITY CHECK G.M.

Iran says mosque bombers planned oil pipeline attack

TEHRAN (Reuters) – Iran’s Intelligence Ministry said on Saturday U.S. agents had armed and trained those behind a deadly blast in a mosque last month and that pipelines in the country’s oil-rich south were also among the planned targets. President Mahmoud Ahmadinejad said on Tuesday Iran had evidence the United States, Britain and Israel were […]

A challenge for the world, an opportunity for Canada

The next disruption to the OECD’s cozy belief in the endless supply of cheap commodities came when those same vast hordes of the formerly poor began to change their diets. “We are now using energy and metals the way you did for decades, and now we’re going to eat like you. We’re no longer content […]

Saudi oil production unchanged

Saudi Arabia’s leaders made clear yesterday that they see no reason to increase oil production until customers demand it, apparently rebuffing President Bush as U.S. gasoline prices soar. It was Bush’s second personal appeal this year to King Abdullah, head of the monarchy ruling this desert kingdom that is a longtime prime ally of the […]

UK: Soaring bills leave families just

The average household with a home and car has Telegraph

Peak Oil: Everything is going to change

STATE REP. TERRY BACKER (CONNECTICUT) There is little government can do about the price of oil. That is not what people want to hear. Yet it is a fact. The U.S. government and all the states have no “Plan B.” They continue to rely on a delusional “Plan A” In an election year, members of […]

Seeing Through Big Oil

Washington, D.C. – A bill introduced this week by Rep. Barney Frank, D-Mass., would require oil, gas and mining companies to disclose to the Securities and Exchange Commission exactly how much they pay foreign governments for the extraction of natural resources. The idea behind the legislation, according to the bill, is to allow shareholders to […]

BA to raise fares and slash flights to protect profits

British Airways will raise fares, slash flights and consider cutting its order of new aeroplanes as the flag carrier prepares to follow a year of record profits with its toughest 12 months since 2001. BA staff secured a Willie Walsh, BA chief executive, reiterated his determination to guide BA through the storm as he atoned […]

Search for black gold is sweeping the country

More than 200 communities in the English countryside may be sitting on billions of pounds of undiscovered oil, according to prospectors. Scores of greenfield sites across southern and eastern England are being mapped for viability as world oil prices soar. The Government has received 60 applications from 54 companies to explore 182 plots, but is […]

Paul Roberts: Tapped Out

World oil demand is surging as supplies approach their limits. In 2000 a Saudi oil geologist named Sadad I. Al Husseini made a startling discovery. Husseini, then head of exploration and production for the state-owned oil company, Saudi Aramco, had long been skeptical of the oil industry’s upbeat forecasts for future production. Since the mid-1990s […]

Richard Heinberg: Oil and Politics

On Tuesday, Senate Democrats introduced legislation that would halt a US arms sale to Saudi Arabia worth $1.4 billion. The implication is clear: no more war toys for the Saudis unless they agree to up their oil output. The same day, the House approved a Senate plan to suspend oil deliveries to the Strategic Petroleum […]

High Steel Prices: A Preview of Peak Oil

I use the phrase A hint of Crunch Time is in this report from Brazil and a sample is also described in today

The Oil-Addiction Fallacy

Watch any talking head, and when the subject comes to energy, one can expect to hear the mantra, Americans are If I may be bold with words, it seems to me that what we are witnessing is that the future production and supply of fuel in the United States is to be left not to […]

Oil Traders Draw Congress’ Ire

When it comes to high energy prices, OPEC is quickly losing its status as Public Enemy No. 1. Alongside Big Oil, where profits are fattening as gas prices rise, a new bogeyman has emerged: the oil speculator. With the stock market in retreat so far this year and the dollar crumbling, these investors have flooded […]

Why investors worship Old King Coal

…Oil attracts the anger and the ink, but coal, mined here in the U.S., has joined the club of rudimentary resources blessed by the energy crisis. What we are paying up for is the dirtiest fossil fuel in the ground, infamous for wielding a heavy hand in the planet Coal provides about half the electricity […]

Oil could reach $200 before demand gets hit

LONDON (Reuters) – The price of oil could rise to $200 a barrel in the next two years before it starts to seriously hit demand, fund manager Tim Guinness said on Tuesday. “I am increasingly comfortable with the analysis which says the oil price is going to have to go to $200 before demand is […]

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