Don’t let rising gas prices push you into panic selling

Logically, the high cost of fuel doesn’t justify drastic lifestyle changes, says Randall Denley, so don’t be too quick to dump your SUV or your suburban home The rising price of gasoline offers all of us an interesting logic test. What’s the right thing to do in response? Should we sell our big vehicles, give […]

Bill McKibben: Civilization’s last chance

The planet is nearing a tipping point on climate change, and it gets much worse, fast. Even for Americans — who are constitutionally convinced that there will always be a second act, and a third, and a do-over after that, and, if necessary, a little public repentance and forgiveness and a Brand New Start — […]

Is oil headed for $200?

Twenty short weeks ago, the world was struggling to digest the idea of $100 US oil. Today, with oil prices breaching new records almost daily, even ordinarily circumspect soothsayers are talking about the prospect of a super price spike that could cause a run to $200 — a concept that would have been virtually unthinkable […]

Colorado’s oil shale lures Shell

Water at risk as energy company buys land rights for exploration, analysts say In its quest to remove oil from western Colorado’s shale, Royal Dutch Shell has been buying land and water rights in anticipation of what is likely to be a thirsty new industry. Some officials worry that the demands of the oil-shale industry […]

Rise in fuel siphoning from cars

Police have reported an increase in thefts from vehicles in Dorset, in particular a growth in fuel siphoning. In the last month, officers have received 10 reports of petrol being taken from vehicles at a time when fuel prices have reached record levels. BBC

Green groups urge upholding U.S. tar sands fuel ban

A who’s who of major U.S. and Canadian environmental organizations is urging the U.S. Senate to keep in place a rule banning the United States government from buying fuel from Alberta’s tar sands on the grounds that it is too environmentally tainted. Yesterday, the groups released a letter sent to all members of the U.S. […]

Be on the alert for thefts of fuel, State Police say

Indiana State Police on Saturday asked gas station owners and consumers to be alert for fuel thefts in urban areas and along interstates. Stealing fuel is a felony punishable by a maximum $10,000 fine and up to three years in jail, plus a 30-day suspension of the guilty party’s driver’s license, said Sgt. Rich Myers […]

America must learn to love dearer petrol

Ask the wrong question, and you get the wrong answer. The question being asked by Hillary Clinton and John McCain – and that covers just about the entire political spectrum – is, “How can we lower petrol prices?” Their answer: reduce the federal tax of about 18 cents per gallon. The reasons that is exactly […]

Fuel costs claim FedEx fourth-quarter profit as latest victim

MEMPHIS, Tenn. – FedEx Corp. has cut its fourth-quarter earnings expectations, blaming continuing increases in fuel costs. The Memphis-based shipping company said it expects profits of $1.45 to $1.50 per share for the three months ended May 31, down from its previous prediction of $1.60 to $1.80 per share. Analysts surveyed by Thomson Financial predicted […]

Ease back on the throttle, cash-strapped airlines tell pilots

Airlines are ordering pilots to slow down in a bid to cut fuel bills and reduce emissions. The cost of jet fuel has soared by more than 70 per cent in the past year, prompting airlines to investigate every possible way of reducing their bills. Southwest Airlines of the US says it will save $42m […]

Food crisis: Is Lanka sitting on a volcano?

It is said that without subsidies there would be no free market demand for biofuel. Ethanol contains 30% less energy than gasoline; so that new ethanol blended fuels reduce gas mileage, increase engine maintenance cost and lower engine reliability. People are starving in Africa so that American politicians can court votes in farm states. Biofuel […]

Surging food prices bite across Asia

From the rice paddies of Asia to the wheat fields of Australia, the soaring price of food is breaking the budgets of the poor and raising the specters of hunger and unrest, experts warn. A billion people in Asia are seriously affected by the surging costs of daily staples such as rice and bread, the […]

Tanzania: Many people caught up in energy use dilemma

Environmental activists may be smiling due to scarcity of charcoal, a source of energy widely used in many urban and rural areas, with producers blaming multiple taxes and other charges imposed on it as well as haulage obstacles -that together raise costs immensely. But mostly affected are the ordinary people who have been relying on […]

Attenborough: ”Wasting energy is an appalling thing.”

It’s in David Attenborough’s Nature to Explore the Environment — and Speak Up for It At 82, naturalist David Attenborough is still hard at work (up next is a TV series on evolution), and the Internet is reinvigorating his oeuvre: A clip from 1998’s “The Life of Birds,” featuring a lyrebird that can mimic cameras, […]

Interest in nuclear power fuels uranium rush

Thanks to renewed interest in nuclear power, the United States is on the verge of a uranium mining boom and nowhere is the hurry to stake claims more pronounced than in the districts flanking the Grand Canyon’s storied sandstone cliffs. On public lands within 5 miles of Grand Canyon National Park, there are more than […]

Why high oil prices are not squeezing us more

Indeed, why isn’t the rise in prices we have seen already having more of an effect? For those who were brought up on the rule of thumb that every 10% rise in oil prices led to a 1% drop in global growth, the resilience of economic activity in response to sky-high oil is surprising. Those […]

Gas Prices Send Surge of Riders to Mass Transit

DENVER

More Consumption Isn’t An Oil Strategy

It’s now been 35 years since the first Arab oil embargo provided America with a wake-up call about the dangers associated with the nation’s over-reliance on oil imports from countries that don’t really like us. Since then, Americans have been in a permanent state of denial about the dangers that our energy profligacy has created […]

Oil Lobby Reaches Out to Citizens Peeved at the Pump

Faced with a national outcry over the high price of gasoline and soaring profits for energy companies, the oil and gas industry is waging an unusually pricey campaign to burnish its image. The American Petroleum Institute, the industry’s main lobby, has embarked on a multiyear, multimedia, multimillion-dollar campaign, which includes advertising in the nation’s largest […]

Brazil eyes Opec entry

BERLIN (AP): Brazilian President Luiz Inacio Lula da Silva believes his nation wants to join Opec to help bring down oil prices, a leading German weekly quoted him as saying Friday. Silva said in the interview published in Der Spiegel news magazine that his nation plans to exploit massive deep-water oil reserves discovered near Rio […]

Sudan Rebel Leader: Troops In Khartoum; Would Expel China Oil Cos

LONDON -(Dow Jones)- Sudanese rebels have entered the capital Khartoum and would replace Chinese oil companies with Western ones if they were to overthrow the current government, a rebel leader said Saturday. The threat is bad news for China, which has become the largest buyer of crude and foreign investor in the Sudanese oil industry […]

Rising fuel prices are a driving force for change – away from autos

Some L.A. residents are relying more on bicycles, trains, buses, scooters and carpooling – or just walking. When food and gasoline prices started climbing, Thomas Franklin started putting one foot in front of the other and — the horror — often walked where he needed to go. “My friends ask me what’s wrong with me,” […]

Is ExxonMobil’s future running dry?

The petroleum giant is shying from risky exploration and spending money on buying back stock. Over the long haul, those moves could lead the company to go private or disappear. Are we witnessing the death of ExxonMobil? Strange question to ask with oil above $120 a barrel and ExxonMobil reporting $11 billion in first-quarter profits? […]

Gas thieves pumped up by high gas prices

Gas-and-dashes are something Nova Scotia gas attendant Tristan Turcott knows well. In the three years he’s worked at the Young Street Tiger Express Esso in Halifax, he’s seen motorists pull all kinds of things, just to get out of paying for gas. “Some will come to the cash, pay for a pack of gum then […]

As Gazprom Goes, So Goes Russia

ON a frigid evening in February, the hottest place to be here was the Kremlin Palace theater. The draw inside the towering hall wasn

Playing the Iraq Oil Card

If anyone had any doubt that Iraq was a lot about oil, they shouldn’t after the recent Capitol Hill appearance by our ambassador to Baghdad, Ryan Crocker. In a closed House hearing, Crocker put the fear of god in Congress. His message: If we leave Iraq, Iraq will destabilize the Gulf, and a destabilized Gulf […]

Shell pulls out of Iran gas deal

LONDON (Reuters) – Oil major Royal Dutch Shell has pulled out of a planned gas project in Iran, after coming under pressure not to participate from U.S. lawmakers who were concerned about Iran’s nuclear programme. A spokeswoman said on Saturday that the world’s second-largest non government-controlled oil company by market capitalisation was pulling out of […]

Al Qaeda targeting Nigeria, police chief warns

LAGOS (Reuters) – Al Qaeda Islamist militants have renewed their threat to bomb targets in Nigeria, Africa’s top oil producer, a newspaper reported on Saturday quoting the national police chief. The United States embassy in Nigeria said last September the country was at risk of “terrorist attack” and Osama bin Laden once named the world’s […]

Shell losing 30,000 barrels per day after Nigeria oil attacks

PORT HARCOURT, Nigeria (AFP) – Oil major Royal Dutch Shell said Saturday it was losing the equivalent of 30,000 barrels of crude oil per day because of recent attacks against its installations in Nigeria. The unrest in Nigeria, Africa’s biggest oil producer, helped drive oil prices to a record high above 126 dollars on Friday, […]

Democratic senator calls for GOP to alter energy policy

WASHINGTON – The public must pressure Republicans in the White House and Congress to change directions in the country’s energy policies, which have pushed oil and gas prices to record highs, a Democratic lawmaker said Saturday. Sen. Debbie Stabenow said the rising price of oil, fostered by President Bush and Vice President Dick Cheney’s close […]

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