The green tax revolt: Britons will not foot bill to save planet, poll shows

More than seven in 10 voters insist that they would not be willing to pay higher taxes in order to fund projects to combat climate change, according to a new poll released to coincide with the local elections. The survey also reveals that most Britons believe “green” taxes on 4×4s, plastic bags and other consumer […]

Emir of Qatar Tours New Orleans to See Fruit of His $100 Million Donation

NEW ORLEANS It was through that filter that the genial, burly emir, Sheik Hamad bin Khalifa al-Thani, saw the unhealed landscape of the Lower Ninth Ward, touring the scarred lots in a police-guided caravan of luxury vans and cars as the few people out in the spring sunshine stared blankly back at the opaque windows. […]

Company seeks to install turbines in Mississippi River to generate electricity

ST. LOUIS The company, Free Flow Power Corp., is pursuing a $3 billion plan to install thousands of small electric turbines in the river bed, reaching from St. Louis to the Gulf of Mexico, that would collectively generate 1,600 megawatts of electricity

Bikes – for – employees test at Children’s Hospital

The list of companies offering employees bicycles as a cleaner, cheaper way to get to work is about to grow. Children’s Hospital and Regional Medical Center said Wednesday it plans to test such a program in mid-July. In exchange for a commitment to bike to work at least two days a week, employees will get […]

Refinery protest over fuel prices

A group of farmers and hauliers are staging a demonstration outside the Stanlow Oil Refinery at Ellesmere Port in Cheshire over rising fuel prices. Up to 20 lorries are said to be backed up outside the plant and are being prevented from entering. Police confirmed they were notified of the incident just after 2030 BST. […]

Gas prices have race fans rethinking trip to the track

Auto racing is the ultimate in gas-guzzling entertainment. But the prospect of paying $4 a gallon to get to the track has some fans reluctant to start their engines. Ticket sales have slipped just as May, the biggest month in motorsports, approaches. So track promoters are shifting into high gear to keep the grandstands full, […]

Strange Behavior

With oil hitting $120, there are some things about the energy markets that don’t make much sense. Or maybe they do We’ve all heard the reasons why the price of oil is soaring. Pipeline attacks in Nigeria, mischief in Iran, the plunging value of the dollar, those pesky hedge funds. The real reason, if there […]

Union ends strike that slashed Nigeria’s oil production

ABUJA, Nigeria – A workers’ strike that slashed Nigeria’s oil output ended Thursday and regular production will resume, the union behind the strike said. The head of the workers’ bloc at an Exxon Mobil Corp. unit in Nigeria said members would return to their stations after negotiators reached a broad accord with management. Oil production […]

Transition towns

LONDON, England (CNN) — Imagine a life where you cycle each morning to work, and come home at night to tend your allotment and eat a dinner of locally produced food. Maybe after your meal you take a walk down the car-free streets to the nearest bar where you buy a round of drinks with […]

Farmers blamed for rising cost of food

Congressmen form both sides of the aisle point the finger at farmers for skyrocketing grocery prices, but oil prices are ‘main culprit’ says leader of National Farmers Union. NEW YORK (CNNMoney.com) — Lawmakers heaped blame on farmers – and the subsidies they receive – for pushing up food costs at a Congressional hearing on Thursday […]

Gold isn’t buying as much oil as it used to

A talking head on television this weekend was discussing the worldwide price of rice, and noted that its relationship to gold had changed little. Over the past several months, she said, the amount of rice that an ounce of gold would buy had not changed significantly. This, of course, led The Barrel to check what […]

Could the global food crisis impact America?

…Officials at the commodity trading house, Bower Trading say the USDA report sets the stage for a wild ride in the marketplace for the rest of 2008. Other things that could threaten the U.S. food supply include a highly concentrated meat processing industry that generated millions of pounds of recalled meat and the outbreaks of […]

Could oil mania be coming to an end?

Speculation has driven up prices – but things could be about to change, some analysts say What Gordon Brown has described as the most serious financial crisis since the 1930s, appears to be over as suddenly as it began. While the slowdown in Britain and Europe has only just started, the US economy now seems […]

Ford

High gasoline costs accelerating a move away from trucks, SUVs DETROIT – Ford Motor Co. says its U.S. sales dropped 12 percent in April as high gas prices accelerated the trend away from trucks and sport utility vehicles. It was a pattern expected throughout the industry as gas prices rose to record highs. Other automakers […]

Arctic Getting ‘Wetter’ Due to Human-Driven Warming

In addition to heating up faster than almost anywhere else on the planet, the Arctic has gotten wetter and snowier because of global warming, according to a new study. The extra precipitation could freshen ocean water in the Arctic and North Atlantic, researchers say, which might disrupt the so-called ocean conveyor belt, a current that […]

Poison ice

As the sea ice melts, a toxic stew of mercury and synthetic chemicals is seeping into the Arctic food web, harming the area’s people. We may be next. … As the Amundsen cuts through ice across the top of the globe, Carrie and his fellow researchers are uncovering evidence of a disturbing fallout of climate […]

Permanent wars for oil and permanent terrorism

“[We cannot leave Iraq because] extremists [may] be in a position to use oil as a tool to blackmail the West . . . and they will do so unless we abandon Israel ” –George W. Bush, November 1, 2006 “When there is a regime change in Iraq, you could add 3 million to 5 […]

Toronto Wants to Pay Citizens for Green Concepts

The April 26 edition of the Toronto Star in an article by its environmental reporter Moira Welsh reveals, Toronto Mayor David Miller has said that the

China now No. 1 CO2 offender

WASHINGTON All three studies examine emissions of carbon dioxide from the burning of fossil fuels such as coal. Energy usage is the most significant man-made source of carbon dioxide, which accumulates in the atmosphere and traps heat. Unless China sharply cuts its emissions, “the situation is pretty bleak,” says Richard Carson of the University of […]

Why oil prices are at a record high

REUTERS, London- US crude oil hit an all-time high of $119.93 a barrel on Monday. Robust demand for crude and a weak dollar have fuelled the rally from a dip below $50 at the start of 2007. Adjusted for inflation, oil is now above the $101.70 peak hit in April 1980, according to the International […]

U.S. gas: So cheap it hurts

Relatively low taxes have kept pump prices far below most other developed nations, which some say is precisely why the current runup is so painful. NEW YORK (CNNMoney.com) — Despite daily headlines bemoaning record gas prices, the U.S. is actually one of the cheaper places to fill up in the world. Out of 155 countries […]

Book Review: World Made by Hand

When I read James Howard Kunstler’s (JHK) book The Long Emergency, it had a profound impact on me. I had been aware for many years that “running out of oil” was a serious matter. After all, I took on the challenge of peak oil in my graduate thesis in 1995. But my focus was more […]

Companies cut corners to save on fuel as gas prices rise

This time last year, Pat Moffett looked at the world differently. As vice president of global logistics for electronics seller Audiovox, he moved goods from Asia by sea to West Coast ports, then by truck to East Coast distribution centers. Now, given record fuel prices, those goods will move by sea all the way, via […]

Australia: Transport crisis turns west into wasteland

IT MAY be home to a booming population, but lack of public transport means Sydney’s west is in danger of becoming a Mad Max-style urban wasteland. Its dependence on cars could prove its death knell, with rising petrol prices forcing many families to abandon their vehicles and become locked in their local communities. Curtin University […]

Nigerian oil strike against Exxon to press onward

A Nigerian oil workers’ strike that has halted production at Exxon Mobil Corp.’s local unit entered its eighth day with talks between union leaders and management scheduled to resume at noon local time, a union official said. The industrial action has cut crude output by 860,000 barrels a day, according to the Petroleum & Natural […]

Sleepwalking toward the oil precipice

The time has come to discuss what we can expect from OPEC as it relates to our prosperity in the coming decade. After 2010, crude produced outside the cartel will plateau and gradually decline, so any growth in the conventional oil supply must come from OPEC. OECD policy-makers and consumers must now understand that OPEC’s […]

For Exxon Mobil, $10.9 Billion Profit Disappoints

Exxon Mobil, the world Revenue rose to $116.8 billion from $87.2 billion a year earlier. Earnings from exploration and production increased 45 percent to $8.79 billion, while its refining profits fell 39 percent to $1.17 billion from the quarter a year ago. Spending on capital and exploration projects rose 30 percent, to $5.5 billion. NY […]

Tempus: Oil pressure

The statement from British Airways last night that it is “exploring opportunities” with American Airlines and Continental is confirmation of just how worried these carriers are by rising oil prices. AA and Continental announced huge first-quarter losses recently and BA is widely expected to reveal its second profit warning of the year next month as […]

Rising costs reshaping air travel across the USA

Record-high oil prices are threatening to ground millions of travelers who have grown accustomed to flying for fun and business during the past 30 years. Air travel in the USA has grown at a rate five times faster than the population since 1978, when deregulation first allowed airlines to compete by setting their own prices […]

Crude logic

There is a puzzle over oil prices – and it is not what is driving them up. That particular question can be answered quickly enough: demand for oil has increased, especially in booming China, and that lift to prices has been intensified by that old culprit, market speculation. So far, so simple. The real mystery, […]

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