Global oil demand to fall for first time since ‘93: analyst

Global oil demand is likely to contract 0.6% in 2008 for the first time in 15 years, said J.P. Morgan Chase late Friday. Analysts led by Joseph Lupton forecast global oil demand will fall another 0.2% in 2009 as demand dampens in emerging markets, whose appetite offset declines in developed markets’ oil consumption in 2006 […]

Chrysler commits to more hybrids

Chrysler LLC finally has a hybrid coming to market and executives promise it’s just the beginning. The Auburn Hills automaker, which debuted its new hybrid Dodge Durango and Chrysler Aspen here recently, says it could quickly and easily expand its environmentally friendly offerings. “These are our first hybrids, but they are not going to be […]

Saudi output hike fuels skeptics on eve of oil summit

It’s the multibillion-dollar question creating headaches among all oil-consuming nations: Do producing countries have any more crude to give? In Jeddah, Saudi Arabia, representatives from countries and companies around the world will look for answers this weekend during an almost-unprecedented summit. The high-level meeting, called by Saudi Arabia – the world’s largest oil producer – […]

Former Saudi oil minister says world reaching third oil crisis

Speculation is contributing to higher world oil prices, not imbalances between supply and demand, according to Saudi Arabia’s former minister of oil, Sheik Ahmed Zaki Yamani, in a published interview. Asked if current conditions are approaching a third oil crisis, Yamani said, “Yes, I think so. This is a new oil crisis. Oil prices are […]

Where offshore drilling goes, beaches suffer

Stephen Leatherman has seen every kind of beach in America, and he really likes the ones in Florida. The man known as Dr. Beach usually ranks them among the prettiest in America. This year he picked Pinellas County’s own Caladesi Island as No. 1. If oil companies start drilling in the eastern Gulf of Mexico, […]

Revealed: UK’s blueprint for a green revolution

One in four British homes could be fitted with solar heating equipment and 3,500 wind turbines could be erected across Britain within 12 years as part of a green energy revolution to be proposed by the government next week. The long-awaited renewable energy strategy, a copy of which has been seen by the Guardian, will […]

Saudi Arabia’s Khurais Oilfield to Start Next Year

Saudi Arabia expects work to expand the Khurais oil field to be completed by mid-2009, boosting the country’s production capacity by 1.2 million barrels a day, the state-run Saudi Press Agency reported. Oil consumers and producers are due to meet June 22 in Jeddah, Saudi Arabia, to discuss how to stabilize soaring crude prices. The […]

Saudi ’s Oil Fields on Viagra?

…Rather than a petroleum stud with enough hydrocarbon juice to carry the world gradually into some kind of greener, post-petroleum energy era, Saudi Arabia may be far closer to running dry than we realize, because of years of overexploitation. The Saudi Even when they only produce half or a third of their peak levels Saudi […]

It

The scuttlebut is that Saudi Arabia may be set to announce an increase in oil production at this Sunday The Saudis are clearly the big-dogs on the oil-block. It

Greenland Ice Core Analysis Shows Drastic Climate Change at End Of Last Ice Age

Information gleaned from a Greenland ice core by an international science team shows that two huge Northern Hemisphere temperature spikes prior to the close of the last ice age some 11,500 years ago were tied to fundamental shifts in atmospheric circulation. The ice core showed the Northern Hemisphere briefly emerged from the last ice age […]

Peak Oil for Policymakers

Post Carbon Institute’s Julian Darley and Richard Heinberg present the facts and relevance of peak oil for policymakers at all levels. What is peak oil? What’s the evidence? Why don’t we just drill for more? How does this relate to climate change? And what can policymakers do in the face of these daunting challenges? Global […]

Nigeria ’shock’ after oil attack

Oil production at an oil installation off the Nigerian coast remains halted because staff are suffering from shock after a militant attack, officials say. The attack on the Royal Dutch Shell facility stopped about 10% of Nigeria’s oil production. Shell also said the militants had damaged equipment. BBC

Iraq oil fields set to replenish world supply

The surging price of oil may soon start to turn around, thanks to the Iraqi Government. Some of the world’s largest oil companies are set to return to Iraq, 36 years after Saddam Hussein nationalised the industry and expelled them. Now Exxon Mobil, Shell, Total, BP and Chevron are negotiating with Iraq’s oil ministry for […]

Russian oil export falls 4.2% in Jan.-April, to 81.4 mln tons

Russian crude oil exports fell by 4.2% in the first four months of 2008, year-on-year, to 81.4 million metric tons, the Federal Statistics Agency said on Friday. Oil production in the reporting period fell 0.3%, to 160.7 million tons, while refining and sales on the domestic market rose 4.5%, to 77.6 million tons. The share […]

Fuel costs threatening West Coast fishing future (New Zealand)

Escalating fuel costs could wipe out the multi-million dollar West Coast fishing industry, a fishing company boss has warned. Westfleet Fisheries principal Craig Boote said the gravity of the situation could not be overestimated. Unlike motorists who could reduce costs by car pooling, taking public transport or dusting off the bike, fishermen had no option […]

Food and fuel shortages loom over haulier threat (Ireland)

FOOD and fuel shortages could become a grim reality from next week if the Government fails to meet the demands of Irish truckers frustrated with ever increasing running costs. The Government has been given until the close of business on Tuesday next to IrishExaminer

Nepal students attack government vehicles to protest fuel price rise

Students attacked several government vehicles and blocked traffic in Nepal’s capital Friday to protest sharp rises in fuel prices, bringing transportation in the city to a standstill. The students also demanded a 50-percent discount on public transportation fares. It was the second day of violent protests pressing the government to immediately withdraw fuel price increases […]

Draconian Cuts In Air Service Could Hurt Business Travel

The U.S. airline industry, under siege from soaring fuel costs, has made a commitment to shrink business by about 10% this fall, mostly eliminating domestic service where major airlines can’t make money. But many carriers haven’t said exactly where cuts will be made when the busy summer travel season is over, leaving some in the […]

The Illusion of Miles Per Gallon

Quiz time: Which of the following would save more fuel? a) Replacing a compact car that gets 34 miles a gallon with a hybrid that gets 54 m.p.g. b) Replacing from an S.U.V. that gets 18 m.p.g. with a sedan that gets 28 m.p.g. c) Both changes save the same amount of fuel NYTimes

Will Drilling Offshore Oil Make an Immediate Impact?

PoliticianHoweStreet

China fuel price hike may not sap demand

Chinese motorists, long accustomed to cheap gas, seemed to take in stride a government decision to boost fuel prices Friday by as much as 18 percent. “Maybe I might drive a bit less. But if it’s for business, then if I have to drive, I will,” said He Ping, a trading company employee who was […]

Do High Petroleum Prices Mean We’ve Reached ‘Peak Oil’?

With the cost of crude oil surging to record highs, a heated battle of blame is in full swing, with a lineup of suspects that includes the oil industry, Congress, commodity speculators, environmentalists and developing countries in Asia. Meanwhile, predictions that we’ve reached a peak in oil production or will very soon The problem is, […]

Solar dish may revolutionize energy production

Inventors: Dish is ‘user-friendly, user-friendly, so anybody can build it’ A new type of solar energy collector concentrates the sun into a beam that could melt steel. Researchers say the device could revolutionize global energy production. The prototype is a 12-foot-wide mirrored dish was made from a lightweight frame of thin, inexpensive aluminum tubing and […]

EPA issues permit for Arctic offshore drilling

Shell still waiting for other permits, as well as court ruling ANCHORAGE, Alaska – A permit issued by the Environmental Protection Agency puts Shell Oil Co. one step closer to drilling in the Arctic this year, agency officials said Thursday. The decision came a day after President Bush urged Congress to lift its long-standing ban […]

How high tech could deal with global warming

The high-tech industry over the next dozen years could be a big contributor to global warming, according to a report released today – or, it could play a major role in cutting emissions. Depending on how they manage their businesses and what types of products they produce, communications and information technology companies could reduce global […]

Have we passed

The car does more than get you between home and work. It represents freedom, sex, power, fun, status, and if need be a way to fly away from your troubles, at least temporarily. What then, does the following graphic (updated through April) from the U.S. Department of Transportation portend for Much more after the jump […]

Forest invades tundra

…and the new tenants could aggravate global warming People frequently say Temperatures in the high Arctic already are climbing

Business leaders call for global warming action

TOKYO (AP) Nothing less than a rapid and fundamental strategy to reach a low-carbon world economy is needed,” said the proposal, which was backed by 99 CEOs of global companies. While the world’s richest countries should take the lead, emerging economies such as China and India will also have to be part of the reduction […]

Driven To The Brink

A video about suburban sprawl and gas prices.

CEOs for Cities (BlipTV)

Big Oil’s Hydrogen Future

How’s this for irony: The clean fuel of the future could end up being developed by the oil titans of today. While the headlines are filled with talk of solar, wind and ethanol, the oil and gas industry is quietly gambling billions of dollars that natural gas and its controversial liquefied counterpart will replace oil […]

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