Canada: Renters wary of meters

Critics fear landlords will use `smart meter’ system to off-load power costs onto poor Etobicoke apartment dweller John Kim and his family want to help Ontario conserve energy. But he’s worried renters with modest and low incomes may end up paying dearly because provincial conservation policies Although the smart-meter policy is not yet mandatory, Kim’s […]

Market full of oil, price trend ”fake”: Ahmadinejad

ISFAHAN, Iran (Reuters) – The market is full of oil and the rising price trend is “fake and imposed,” Iran’s president said on Tuesday, partly blaming a weak U.S. dollar which he said was being pushed lower on purpose. “At a time when the growth of consumption is lower than the growth of production and […]

Australia: Rudd in the hot seat

Kevin Rudd, if we can start with oil. You and Brendan Nelson are both arguing over very small savings at the bowser, although his small savings are bigger than your small savings, that’s if you have savings in the end. But isn’t it time to look Australians in the eye and tell them the news […]

Ex-British Army Chief in Iraq Confirms Peak Oil as Motive for War

Brigadier-General James Ellery CBE, the Foreign Office’s Senior Adviser to the Coalition Provisional Authority in Baghdad since 2003, confirmed the critical role of Iraqi oil reserves in potentially alleviating a “world shortage” of conventional oil. The Iraq War has helped to head off what Brigadier Ellery described as “the tide of Easternisation” Last month geological […]

U.S., China to tackle energy, currency at Annapolis meeting

ANNAPOLIS, Md. (AP) …The two days of talks are expected to focus on the challenges both countries face with rising energy and food costs. The two nations are the world’s largest importers of oil and China is the world’s biggest consumer and producer of coal. Pollution from its coal-fired industries is believed to be a […]

Is America’s suburban dream collapsing into a nightmare?

Suburban neighborhoods are becoming refuges for those outpriced in gentrifying inner-cities. “It is going to be heartbreak,” Yandell told CNN. “But we are hanging on.” Yandell’s marriage isn’t falling apart: his neighborhood is. Devastated by the subprime mortgage crisis, hundreds of homes have been foreclosed and thousands of residents have been forced to move, leaving […]

Qatar Airways to try GTL-Kerosene mix fuel from next year

KOZHIKODE: Qatar Airways will use Gas-to-Liquid (GTL) and kerosene mix as fuel for its aircraft from next year to facilitate lesser carbon emission, a top airline official said today. `Carbon emission is a serious problem confronting the airlines and the carbon tax being charged by various governments is a subject of debate in several European […]

Wholesale prices bolt higher in May

WASHINGTON – Wholesale prices bolted ahead in May at the fastest pace in six months as energy and food prices marched higher. The Labor Department reported Tuesday that its Producer Price Index, which measures the costs of goods before they reach store shelves, shot up 1.4 percent in May. That was up from a modest […]

IBM, Partner Aim To Cut Solar-Cell Production Costs

IBM is collaborating with Tokyo Ohka Kogyo to develop thin-film techniques that promise to make the next generation of photovoltaic devices more affordable as well as easier to install. The companies plan to jointly develop the processes, materials and equipment needed to make highly efficient solar-cell modules based on an exotic compound known as Copper-Indium-Gallium-Selenide […]

Angola: Oil Production – Country Beats Nigeria Again

For the second consecutive month, Angola has beaten Nigeria to emerge Africa’s highest oil producing nation, a development which underscores Nigeria’s dwindling fortunes in the sector and Angola’s steady rise as an oil producer of note on the continent. May, 2008 production figures released by the Organisation of Petroleum Exporting Countries (OPEC) showed that Nigeria […]

Nigeria: Russian, Chinese Oil Firms Jostle for Ogoni

Russian oil giant, Gazprom, is among several foreign companies jostling to replace Royal Dutch Shell in Ogoniland following Federal Government’s decision to award the oil fields to another company. THISDAY was also informed that many Chinese companies have indicated interest in the oil fields, which hold proven reserves of over 10 trillion cubic metres of […]

Uganda: Country Will Not Export Crude Oil – Museveni

Uganda will not export crude oil but have it refined to maximise returns from exploration. This was announced by President Yoweri Museveni at the Organisation of Islamic Countries (OIC) first business forum in Kampala yesterday. “I have held a meeting with companies producing oil,” he told the over 500 delegates from 57 Muslim countries. “They […]

Food Supply Fears Mirror Oil Worries at Saudi Summit

Saudi Arabia’s emergency energy meeting next week brings together Western consumer countries threatened by soaring oil prices with Arab producers worried about scarce food supplies. Record oil prices and their impact on the industrialised world will no doubt dominate the agenda, but food security could also feature as arid Middle East states worry about affordably […]

US Coal Production Unlikely to Sate World Demand

US coal production has room to grow, but expansion is unlikely to meet surging world demand because miners fear a boom-bust cycle, key reserves are declining, and regulation has tightened. Despite soaring prices, the US Energy Information Administration has cut projections of US output rather than raised them, and now foresees a total of 1.166 […]

Manila Offers Loans to Convert Bus and Taxi Engines

The Philippine government said on Monday it would lend up to 1 billion pesos (US$22 million) to owners of taxis and buses to convert their diesel engines and cut their reliance on costly imported fuel. Concerned about the political fallout from soaring inflation, President Gloria Macapagal Arroyo is trying to alleviate the impact on poor […]

As lights dim, Australia warns gas plant blast will hurt growth

Australia’s fourth largest city Perth began turning off the lights Tuesday to save energy after a huge gas plant blast which the government warned would hurt stellar economic growth. Office buildings and shops turned off all but essential lighting, dimmed electric signs and mothballed some lifts following the explosion two weeks ago at the off-shore […]

Gloves come off in BP’s Russian row

A dispute between BP and its Russian partners over the future of their TNK-BP joint venture has escalated into open warfare, with the UK oil giant threatened with a legal showdown and the company’s chairman, Peter Sutherland, accused of using Nazi propaganda tactics. In an extraordinary series of attacks on BP yesterday, Mikhail Fridman, billionaire […]

Earthquake Repercussions Spur Rethinking of China’s Dam Building Strategy

One of the tragic ironies of the recent earthquake in China is that it has created numerous new, extremely dangerous dams in a country that already is the most dam-populated country on earth. At more than 85,000 dams and counting, Chinese leaders already boast of having the tallest dams, the largest by reservoir capacity, the […]

Irish airlines downgraded by bank

Aer Lingus and Ryanair have been downgraded from ‘Buy’ to ‘Sell’ in a report from investment bank Goldman Sachs. The report comes on a day when the price of crude oil hit a new record high of $139.89 a barrel in New York trade, surpassing the previous high of $139.12 dollars set on June 6th. […]

UK: Green policies vital even when economy slows

David Cameron will today promise that he will not abandon his commitment to green policies in the light of the global economic downturn. In a speech to environmentalists, the Tory leader will argue that those who believe that green policies such as high emissions targets are unaffordable in current economic conditions have “got it exactly […]

Our diet of destruction

History shows that empires rise and fall, however, and that the fall when it comes tends to be fast. Food empires are likely to be no different. We are now entering a period of rapid transition. The postwar food system, dependent on prodigious quantities of crude oil for its production, has not only pushed us […]

Brown voices concern over record oil prices

The oil price spiralled to an all-time high today of almost $140 a barrel, leading Gordon Brown to declare it was “the most worrying situation in the world”. The spiral upwards continued on the back of a weaker dollar and a fire on a North Sea oil platform with traders, dismissing as too little, too […]

McCain calls to lift U.S. oil drilling ban

WASHINGTON McCain’s plan represents a shift for the presumptive Republican nominee, who supported the offshore drilling ban during his 2000 presidential campaign. Tucker Bounds, a spokesman for the Arizona senator, said McCain understands that voters want action to meet new problems. McCain previewed a speech he’ll give Tuesday in Houston. He told reporters at a […]

Human cost of Brazil’s biofuels boom

The country is a key producer of ethanol. Many of those cutting the sugar cane used to make the fuel are said to endure primitive conditions. BOCAINA, BRAZIL — For as far as the eye can see, stalks of sugar cane march across the hillsides here like giant praying mantises. This is ground zero for […]

Florida Farmers Look to Tropical Fruit as Newest Source of Biofuel

This is part of the America’s Future series that will air on FOX News over the next several weeks that looks at the country’s energy challenges. LA BELLE, Fla. — Facing decimating blights and rising fuel prices, farmers in Florida are looking to a tropical plant rarely grown in America as their newest cash crop: […]

Peak Oil In Europe: A Preview

As the price of oil continues to climb, we are beginning to get a glimpse of what the post peak-oil world may look like, and it Truck drivers in Spain and France have blockaded major roadways and paralysed traffic on major city arteries. Meanwhile in the UK, similar protests by truck drivers – who claim […]

Nuclear’s changing fortunes

Public’s concerns dwindle as energy crisis grows A long-promised, never-quite-delivered revival of nuclear energy may finally be underway in Canada and one of the key reasons is, at first glance, counterintuitive — the environment. Unlike coal, nuclear power plants produce negligible greenhouse gases, meaning the once-unpopular energy option is gaining currency in a post-Kyoto world. […]

ECOSPECTIVE: Peak oil

Conservation of resources is preservation of the species. For example, peak oil. Most of us understand the results of peak oil. It isn’t when we run out of oil, it’s when demand is higher then production. It’s called Hubbert peak theory and has been around since Mr. Hubbert used it to accurately predict America’s oil […]

Gas stations with old-time pumps are being forced to upgrade

GREEN BAY, Wis. – Motorists haven’t been the only ones to watch with concern as gas prices top $4 per gallon. Mom-and-pop service stations are also running into a vexing problem: Thousands of old-fashioned pumps can’t register more than $3.99 on their spinning mechanical dials. The pumps, throwbacks to a bygone era on the American […]

Peak Oil Review — June 16th, 2008

1. Production and Prices 2. The King’s Meeting 3. Protests Spread 4. Energy Briefs 1. Production and Prices The week started with oil prices falling by $7 a barrel from the previous weeks all-time high of $139.12 on the general perception that prices were too high, the US dollar would go up, and demand will […]

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