Petrofraud and the Etha-hoax

Well, heWhile ethanol in some of its more powerful forms should probably be a part of that energy

Food, fuel costs climb, and key inflation measure drops

Federal government traditionally pays little heed to food, energy prices when considering inflation, but that might change In more than 20 years of selling pinto beans and long-grain rice, canned chiles and Mexican salsa, David Steinbarth has never had to jack up prices like this before. “We’ve had to move prices three, four, five times […]

India feels the heat as thousands riot over power cuts

Thousands of people, many wearing only underwear, rioted across northern India yesterday over power cuts that have left millions without electricity or water, highlighting the yawning gap between the country The Government has pledged to provide

Nigeria oil rebels say mulling Obama truce appeal

LAGOS (Reuters) – Rebels who have stepped up attacks on Nigeria’s oil industry in the last month said on Sunday they were considering a ceasefire appeal by U.S. presidential hopeful Barack Obama. The Movement for the Emancipation of the Niger Delta (MEND) has launched five attacks on oil facilities in the Niger Delta since it […]

Corn Ethanol Loses More Support

GOP Senators Ask EPA to Backtrack As Food Prices Rise Rising food prices are prodding lawmakers in Washington to rethink support for corn ethanol. Two dozen Republican senators on Friday — including Republican presidential candidate John McCain (R., Ariz.) — asked the Environmental Protection Agency to ease requirements mandated by Congress in 2007 to blend […]

Michael Klare: The New Geopolitics of Energy

While the day-to-day focus of US military planning remains Iraq and Afghanistan, American strategists are increasingly looking beyond these two conflicts to envision the global combat environment of the emerging period–and the world they see is one where the struggle over vital resources, rather than ideology or balance-of-power politics, dominates the martial landscape. Believing that […]

Energy Strategy for ETH Zurich: A Critical Review

40 professors of ETH Zurich, one of the most highly reputed and visible technical universities on this planet, belong to the Energy Science Center, a collaborative effort created in order to study the challenges that lie ahead in terms of resource depletion and the effects exerted by our presence on the global dynamics of our […]

Russia Will Raise Oil Export Tax by 17% to Record

Russia will increase its crude export tax by 17 percent to a record on June 1, after oil prices rose in March and April. The tax will be set at $398.10 a metric ton, the seventh consecutive increase, Alexander Sakovich, deputy head of the Finance Ministry’s customs department, said by telephone in Moscow today. The […]

Scientists to

A NUCLEAR fusion laboratory designed to recreate the temperatures and pressures inside the sun could be built in Oxfordshire under plans being drawn up by British scientists The aim is to build the world

Plateau

Non-OPEC production of crude oil seems to have stalled, promising even higher prices at the pump. The theory of peak oil holds that at some point The obstacles to increased production are many: Drilling costs have climbed. Trained workers are scarce. Production from older fields in the North Sea and Alaska is at 40 percent […]

It’s the oil crisis of the Seventies back to haunt us

And it will be far worse this time, says Eddie Hobbs, who believes that we must now start far-sighted planning for our energy needs THERE’S been a lot of bull talked about a temporary little problem with oil. That’s why the OPEC president’s prediction last week that oil prices will rise to $200 a barrel […]

UK: Brown calls for pressure on OPEC on oil price

LONDON (Reuters) – Prime Minister Gordon Brown called on Sunday for international pressure on oil producers’ group OPEC to bring oil prices down. “Clearly oil prices are very high. Clearly also there needs to be some international effort with OPEC to get the oil price down,” he said in an interview with Sky News. Brown […]

ASPO Newsletter – May 2008

…The new deepwater model has the effect of advancing the date of the overall peak of all liquids from 2010 to 2007, and is actually good news insofar as the lower and sooner the peak, the gentler the subsequent decline. The precise date is of no particular significance since it is not a high isolated […]

As Gas Costs Soar, Buyers Flock to Small Cars

DETROIT The switch to smaller, more fuel-efficient vehicles has been building in recent years, but has accelerated recently with the advent of $3.50-a-gallon gas. At the same time, sales of pickup trucks and large sport utility vehicles have dropped sharply. In another first, fuel-sipping four-cylinder engines surpassed six-cylinder models in popularity in April.

Farmers face climate challenge in quest for more food

SINGAPORE (Reuters) – If farmers think they have a tough time producing enough rice, wheat and other grain crops, global warming is going to present a whole new world of challenges in the race to produce more food, scientists say. In a warmer world beset by greater extremes of droughts and floods, farmers will have […]

Long-awaited electric sports car rolls out

LOS ANGELES, California (AP) — It’s safe to say Jeremy Snyder gets a charge out of the two-seat Tesla Roadster whenever he pulls one off the lot, and not because it’s equipped with an all-electric engine. As he pulled one of the sleek new automobiles down a side street Thursday and put the pedal to […]

Stay aboard the Stagecoach express

Anyone banking on the soaring oil price and a consumer downturn to derail shares in Britain’s bus and rail operators will have had a rude awakening in recent days. …Yesterday’s update from Stagecoach was the best of the trio, prompting a flurry of analyst upgrades, largely due to the runaway progress of its rail operations. […]

They

The rise has been sudden and dramatic. Early this year a lone trader in New York pushed the price of oil above $100 a barrel for the first time, taking the world into a new era. It did not last, sparking suggestions that the trader had ensured his place in history but very little else. […]

The truth about peak oil

Peak oil: It The reason America needs imports to meet 65% of its crude-oil demand is because its indigenous production peaked in 1970, since when it has been running

Delay

The cretinous Tom Delay explains the energy crunch: The spiraling cost of energy in the United States today is not one of those things that is nobody . . . the Democrats apparently care more about caribou, fish, and even the views from their vacation homes than energy independence. There is enough accessible oil in […]

Rebels bomb Colombian pipeline

Colombia’s Cano Limon oil pipeline was paralyzed for a third day after it was bombed by rebels on April 29, state-run Ecopetrol SA said. The pipeline, which carries 100,000 barrels of oil a day from a field shared by Ecopetrol and Occidental Petroleum Corp., was expected to resume operation over the weekend after military-escorted engineers […]

North Sea oil’s ebbing tide

According to the pessimists, the rigs off Britain’s coast could cease pumping in a decade’s time. But, as Tim Webb warns, the oil giants could depart leaving 9 billion barrels under the sea bed – because the economics of residual fields simply don’t add up The sight of a convoy of giant tankers last week […]

Grangemouth dispute was UK’s costliest ever

THE shutdown of the Grangemouth oil refinery is estimated to have been the costliest industrial dispute in British history. Economic experts have claimed the two-day strike which last week threatened to cripple the country cost about Calculated at an hourly cost to both the industry and the economy as a whole, the cost would far […]

RIYADH, 4 May 2008 Prince Turki, who was an adviser at the Royal Court in 1973 when King Faisal took the oil-embargo decision, said the king was not shaken by the US threat and stood firm. He added that the oil embargo was instrumental in encouraging the US to find a quick and just solution […]

Slowdown may end oil surge

THE economic slowdown in the US and its impact on China and India can potentially reduce energy consumption and affect oil price negatively, a leading banker has said. John R Wright said that none could say for sure the oil price would remain at the current high level for long. At the beginning of 1985, […]

Consumption reform only way to curb oil price

Amid the current climate of supply-side oil disruptions, Taqa Chief Executive Peter Barker-Homek said the price of fuel could reach $150 this year, with oil consumption showing no sign of slowing down. As demand for oil increases by more than half in 2015, the current commodity price pinch is set to continue for at least […]

Can We Survive? (Part 2)

In Part 1 (FI, February/March 2008), we argued for the rapid deployment of what we called Yet so far, climate change has been treated as just another political problem. Officials tend to choose politically acceptable remedies, which are often claimed to do more to solve a problem than they are capable of doing

California’s Energy Colonialism

“When you look at the globe, California is a little spot on that globe,” Gov. Arnold Schwarzenegger said recently at Yale University’s Climate Change Conference. “But when it comes to our power of influence, it is the equivalent of a whole continent.” Perhaps. As an exercise of this influence, Mr. Schwarzenegger has attempted to push […]

Gas engines: Here to stay

Despite its limitations, the internal combustion engine won’t be pushed aside so easily, but it can be made better. NEW YORK (CNNMoney.com) — Despite all the hype for electric cars and hydrogen fuel cells, experts say we’d better get used to pumping gas, but we can look forward to much better fuel economy down the […]

Argentina Protests Oil Exploration in Falklands

The Argentine government presented an “energetic protest” to Britain for offering concessions to explore for oil and natural gas in the waters surrounding the contested Falkland Islands, the foreign ministry said here Thursday. Argentina’s attempt to seize control of the British colony in the South Atlantic spurred a brief but bloody war in 1982. “Argentina […]

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