Fuel price protests hit Brussels

Belgian farmers, truckers and taxi drivers staged protests against soaring fuel prices on Wednesday, the latest in a series of demonstrations across Europe and Asia as oil has hit record highs on world markets. Hundreds of tractors clogged traffic as they converged on Brussels, while truckers and taxi drivers staged a go-slow on the city’s […]

2010 fuel shortage warning (South Africa)

South Africa faces possible fuel shortages during the 2010 Soccer World Cup, an online news website quoted a government official as saying today. “In the third quarter of 2009 we are expecting that South Africa wonTheTimes

Metro Encourages Riders To Dump Pump, Take Public Transportation

Metro is encouraging area residents to “Dump the Pump” and take public transportation on Thursday, but some wonder if Metro can handle the extra capacity. The American Public Transportation Association is sponsoring the third annual National Dump the Pump Day, a day for people across the country to join together and ride public transportation to […]

Fuel prices hurt charter fishing

It’s 50 miles from the docks of this Eastern Shore fishing village to the deep-ocean canyons where the big fish swim, and Capt. Frank Large’s charter boat guzzles gas all the way. Plowing through the ocean, the Nita Dream gets less than 1 mile to a gallon of diesel fuel. The boat’s twin diesel engines […]

Oil price spike puts farmers in grim situation

Most anyone who has paid a visit to the grocery store or gas pump lately can attest that prices are high and getting higher. ThereSouthWestFarmPress

Northwest Announces More Cuts

As the airline industry faces sky-high fuel prices, Northwest Airlines announced tonight that it will make even steeper cuts than initially planned. The carrier announced an 8.5 percent to 9.5 percent reduction in capacity for its mainline network for the fourth quarter of 2008, as compared to the fourth quarter of 2007. Northwest said it […]

Fuel costs gobble 73 cents on every airline dollar

Fuel costs eat up as much as 73 cents of every airline dollar, the head of the Air Transport Association said Monday. ATA CEO James May said fuel costs amount to $139 of the current U.S. average air fare of $191. That leaves airlines $52 to cover the rest of their costs. May made his […]

May oil demand down 0.1 pct from year ago: API

Demand for crude oil and petroleum products in May fell a slight 0.1 percent from a year earlier, and U.S. gasoline use for the January-May period dropped for the first time since 1991, as record-high pump prices dented demand, the American Petroleum Institute said on Wednesday. Total petroleum product deliveries, excluding exports, averaged 20.614 million […]

Oil – paying the political price

Consumers are worried about how they will afford the growing costs of petrol. Economists are worried about the effect of the high oil price on the national and global economy. Well here is another oil-related issue to worry about: the effect of the high price on international politics. Oil may have fallen somewhat from this […]

Cheap airlines face fare hike choices

Discount carriers are being forced to find ways to fit in fare hikes without scaring away customers as oil nears $140 a barrel. NEW YORK (CNNMoney.com) — As the price of jet fuel approaches $4 a gallon, even traditionally low-cost carriers are being forced to raise fares. Southwest Airlines had “hoped to get through 2008 […]

Are we all North Koreans now?

Gas prices in the United States are above US$4 a gallon; global food prices surged 39% last year; and an environmental disaster looms as carbon emissions continue to spiral upward. The global economy appears on the verge of a technical knockout, a triple whammy from energy, agriculture and climate-change trends. Right now you may be […]

Global Sanitation: Latrines Trounce Toilets

While Americans may consider flush-and-forget-it indoor plumbing to be the pinnacle of sanitary science, the lowly latrine could be a far better solution for many parts of the developing world, say researchers at Michigan Technological University. In fact, installing water-guzzling appliances such as toilets can actually promote unsanitary conditions when the effluent is discharged untreated […]

Boone

Congress spends a lot of time talking about how to deal with the energy crisis. Today, it got down to the nitty-gritty: how to make alternative energy actually work. The Senate Committee on Energy and Natural Resources tackled the transmission problem While a parade of experts from the DOE to wind-energy lobbyists testified, the choicest […]

Australia urged to protect its honey worker bees

CANBERRA (Reuters) – Australia’s honey bees, crucial to worldwide food production, need more protection from foreign invaders that could potentially wipe out their population, a parliamentary report said on Tuesday Australia is a major supplier of queen and hive bees to North America, Japan and the Middle East, cashing in on its standing as the […]

Bosch, Samsung SDI to form hybrid car battery JointVenture

SEOUL (Reuters) – Robert Bosch and Samsung SDI have signed a contract to form a hybrid electric vehicle battery joint venture to boost their presence in the next-generation energy business, Samsung said on Monday. The 50:50 joint venture in South Korea is named SB LiMotive and will be launched in September. It will start production […]

Lithuania’s Mazeikiu refinery shut down after power cut

VILNIUS (AFP) – Lithuania’s trouble-prone Mazeikiu Nafta oil complex, the only refinery in the Baltic states, was shut down in an emergency on Monday after electricity supply problems developed, its operating company said. “The voltage in the electric power supply system dropped, for as yet unidentified reasons,” Mazeikiu Nafta, which belongs to the Polish group […]

Gazans make own fuel amid Israel restrictions

GAZA CITY, Gaza Strip – Taxi driver Saif Khadour swears by his recipe to keep his cherry-red Mercedes Benz on the road: four parts cooking oil to one part turpentine. Other motorists have experimented with different concoctions added to cooking oil, including shots of diesel, motor oil, kerosene, pesticides and even air freshener, as ways […]

China rushes to fix dams, 9,000 square miles flooded

FENGKOU, China (Reuters) – China has posted hundreds of police and rescue officials to shore up dams threatening to burst under torrential rain that has already flooded 9,000 square miles of crops and homes. The rain and floods, concentrated in the southern industrial hub of Guangdong, have killed at least 171 people and left 52 […]

Jellyfish outbreaks a sign of nature out of sync

PARIS (AFP) – The dramatic proliferation of jellyfish in oceans around the world, driven by overfishing and climate change, is a sure sign of ecosystems out of kilter, warn experts. “Jellyfish are an excellent bellwether for the environment,” explains Jacqueline Goy, of the Oceanographic Institute of Paris. “The more jellyfish, the stronger the signal that […]

Can A Shadow OPEC Set Global Oil Prices?

The run-up in oil prices over the last four years is usually framed, likely correctly, as a combination of torrential demand from developing countries (China and India), speculation, and peak supply. Other analysis indicates that production is also being damaged due to NOC mismanagement, political instability, and rapid increases in domestic consumption within oil exporting […]

China

The May 12th earthquake in western China This infrastructure will take months or years to repair, but in the meantime Chinese media report that

New Presentations by Matthew Simmons

● Quo Vadis Energy? (Will Dawn Follow Darkness As Twilight Of Energy Fades?) ● The Unknowns In 2008: Simmons International

R.I.P. to the S.U.V.

It Playing the urban warrior in a Hummer was a fairly inexpensive thrill when a gallon of gas cost just over $1. But at $4 a gallon, driving a full-powered Hummer H3 or a big Ford F-150 would cost a typical driver, who drives 15,000 miles a year, almost $4,300 in gas. This is more […]

Bush to urge lifting of ban on offshore drilling

WASHINGTON (Reuters) – President George W. Bush on Wednesday will call on Congress to pass legislation lifting a ban on offshore oil drilling as he seeks remedies to record-high energy prices, the White House said. “With gasoline now over $4 a gallon, tomorrow he will explicitly call on Congress to also pass legislation lifting the […]

Rebels could hit Chinese oil interests in Sudan: US activist

UNITED NATIONS (AFP) – A US human rights activist on Tuesday warned China that it risked rebel attacks against its oil interests in Sudan unless it put pressure on its ally Khartoum to end the violence in Darfur and south Sudan. John Prendergast told reporters that Beijing, a veto-wielding council member which has close energy […]

Speeders to pay extra for police fuel

HOLLY SPRINGS, Ga. The City Council passed the fee hike, effective July 1, to offset fuel prices that have eaten up nearly 60% of the police department’s 2008 fuel budget, Police Chief Ken Ball says. He expects the fee increase, which applies to all moving violations and can be rescinded if gas prices fall below […]

Oil shortage to have widespread impact

Expert warns health services will feel pain Depleted oil reserves may not only be tough on your gas tank, it may also be hazardous for your health. Peak oil is a term that will become more and more familiar as the world’s oil stocks become depleted and harder to reach, said Dr. Donald Spady, an […]

As price rations consumption, ‘it’s not all a bad thing’ for oil

After 38 years in the energy business, Tom Petrie has a unique view, but he was hardly alone in predicting sub-$100 oil earlier this year. The co-founder of advisory firm Petrie Parkman & Co., now a vice chairman with Merrill Lynch following its 2006 acquisition of his firm, says the oil market has confounded many […]

IEA Seeks Increase in Oil Output at Saudi Meeting

(Bloomberg) — The International Energy Agency is seeking an immediate increase in oil output at this weekend’s producer-consumer summit in Saudi Arabia to “calm markets” in the wake of record crude prices. “The main message that will be very good is if we see an increase in production now,” Fatih Birol, chief economist at the […]

Suspicious of oil prices, commodities cop takes action

The push to improve the integrity of the white-hot oil futures market is gaining momentum. With suspicions of oil speculation on the rise, the USA’s top commodities cop announced steps Tuesday to close some regulatory loopholes that hindered its ability to detect market abuse. The moves are designed to make it easier for U.S.-based regulators […]

« Previous Page — Next Page »

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy