Changes in China could mean more North American jobs, Home Depot chief says

ATLANTA: The rising value of the Chinese yuan, higher pay for Chinese workers and $136-a-barrel oil may mean more factory jobs in North America, the Home Depot chief executive, Frank Blake, says. The world’s largest home-improvement chain is looking for factories in the United States, Mexico and Canada to build some products that are getting […]

Teetering on the brink of catastrophe

…Across the globe, many car owners have taken to the streets to air their discontent with high fuel prices. Those who have been accustomed to cheap oil are clearly ill-prepared for this. But according to “The Long Emergency: Surviving the Converging Catastrophes of the Twenty-First Century,” there has never been a lack of warning signs. […]

Hydrogen highway is a non-starter

The hydrogen highway is a dead-end street Glance northward on Highway 50 right around the 59th Street overpass, and you That

Ukraine threatens to retaliate if Russia hikes gas prices in 2009

Ukraine warned Friday it will raise its fees on Russian gas shipments through its territory and on underground storage services if Russia abruptly hikes gas prices in 2009. ‘Be confident that Ukraine will have a strong asymmetric response if there is a question of imposing European price levels and if there is a willingness to […]

Europe Worries About a 1970s-Style Oil Shock

In Europe, where the tight credit market has caused less havoc than in the United States, fears are focusing on another economic bogeyman: a 1970s-style oil shock.Fears that the spike in oil prices might start an inflationary spiral were reinforced on Friday when the European Union released figures showing that hourly labor costs jumped sharply […]

Britain is set to lose nearly half its electricity in six years

Every day we hear that Britain is facing a ‘fuel crisis’. The world oil price breaks records every week. The cost of petrol and gas soars. Foreign suppliers of gas and oil are holding Britain to ransom and charging exorbitant prices. The average family, we are told, faces fuel bills of Thanks to decades of […]

Different fuels key to future

One surefire way to cut fuel costs is to find a substitute for gasoline. President Bush signed legislation this year mandating that ethanol comprise 21 billion gallons Today, two-thirds of gasoline sold in the USA contains about 10% ethanol, saving consumers about 10 cents per gallon of gasoline, says Matt Hartwig of the Renewable Fuels […]

UK: Anybody want some plutonium?

On Thursday June 12th Hilary Benn, the environment minister, announced that, rather than try to foist Britain’s existing stockpile of intermediate and high-level waste on unwilling citizens, his government would instead invite local authorities to bid for it, in return for a generous cash infusion from Whitehall. It is a scheme that other governments around […]

When it comes to railways, the government is on the wrong track

The U-turn came last Friday. Kelly had noticed the price of oil. The events of recent weeks, she said, had “really brought home to me” how important it was “to complete the UK’s transition to a low-carbon economy”. Electrification? Yes indeed, it was time to phase out diesel engines. The case for railway electrification has […]

Is it crunch time for coal?

There are about a dozen carbon capture and storage projects under way around Australia, but no one can say for certain that it will work. Even if it is technically feasible on the huge scale required, the massive infrastructure involved could negate brown coal’s greatest advantage — its low cost. And then there is the […]

S.Africa Gives Nuclear a Nod to Help Power Crisis

South Africa’s cabinet has approved the country’s nuclear policy, enabling the controversial technology to play a greater role in alleviating a critical power shortage, a senior government spokesman said on Thursday. Utility Eskom has rationed power to the key mining sector since a near total collapse of the electricity grid in January. The power shortage […]

Arctic thaw threatens Siberian permafrost

The permafrost belt stretching across Siberia to Alaska and Canada could start melting three times faster than expected because of the speed at which Arctic Sea ice is disappearing. A study found that the effects of sea-ice loss – which reached an all-time record last summer – extend almost 1,000 miles inland to areas where […]

Europe: Oil’s Brave New World

If you want to see the future of oil, look at Europe. Since 1999, Europe has increased oil imports more than 20%–just slightly less than the amount consumed by Germany in 2007–to compensate for declining domestic production. In other words, Europe is running out of oil and scrambling to secure new supplies to fill the […]

We need to establish a floor on oil prices now

The world’s thirst for oil is growing so quickly humanity will consume more of it this decade than over the previous hundred years. Production can’t possibly keep up. And the consequences will be dire. “This surge of demand will soon begin to send shock waves through the American economy and transportation system,” wrote one expert. […]

Why is the price of oil so high?

The Journal-Constitution recently separately spoke with an expert in the workings of investments and another expert on the geology of fossil fuels… Q: Have we reached peak oil? Are we close? Fisher: The idea of peak oil The resource base around the world is pretty substantial. And how much you are converting to supply depends […]

High oil: NAFTA’s trump card

The global economy is now tripolar and growth is driven by three roughly equal major economic engines: North America, Europe and Asia. However, high commodity prices threaten to slow Asia and Europe The biggest challenges are America

Saudi Arabia Plans Increase in Oil Output

Saudi Arabia, the world Saudi Arabia is currently pumping 9.45 million barrels a day, which is an increase of about 300,000 barrels from last month. While they are reaping record profits, the Saudis are concerned that today

The Whys and Hows of Energy Taxes

The 20th-century policy aimed at developing domestic energy sources no longer makes sense. The 21st century demands a fresh approach. Current federal energy tax policy is premised in large part on a desire to achieve energy independence by promoting domestic fossil fuel production. This, we argue, is a mistake. The policy also relies heavily on […]

‘Splash and Dash’ Biofuel Scam Costs Americans Millions, Lawmakers Say

CHICAGO Here

Floods send corn, ethanol soaring

Corn futures rose to another record high and ethanol prices surged to a two-year high on Friday as storms lashing the US Midwest raised the specter of a crop that will be too small to satisfy demand for food, feed and biofuel. The seventh straight surge in corn prices further squeezed margins for US ethanol […]

OPEC reels in world use estimate on less U.S. demand

Cartel also drops supply forecast for non-OPEC countries SAN FRANCISCO (MarketWatch) — Oil cartel OPEC on Friday lowered its estimate for global demand as record-high crude and gas prices in the United States continue to slow consumption. In its latest monthly oil market report, the Organization of the Petroleum Exporting Countries dropped its estimate for […]

OPEC oil production up in May

OPEC pumped an average of 32.24 million barrels per day (bpd) of crude oil in May, an increase of 370,000 from April

Lawmaker warns EPA chief to provide data

Contempt of Congress vote possible over smog, greenhouse gases

Eroding Alaska villages get mitigation money

Permafrost, sea ice melt force action; one town is already building inland ANCHORAGE, Alaska – One of Alaska’s most eroded villages is getting more than $3 million in state aid to help it relocate to higher ground as Alaska tries to cope with the effects of global warming. Tribal leaders in the tiny coastal community […]

UK: Petrol shortage looms as strike begins

Motorists are facing an increasing threat of fuel shortages as supplies to Shell stations begin to dry up and drivers from other companies refuse to cross picket lines. Members of the Unite union walked out of fuel depots nationwide at 6am and reported that drivers working for other firms including BP were choosing not to […]

Greenpeace threatened with legal action over Spanish coastal resort pictures

Greenpeace has been threatened with legal action over doctored pictures showing a Mediterranean coastal resort submerged under a foot-and-a-half of water. Property owners and developers in La Manga, Spain, claim the images have forced house prices to fall and are demanding Euro 27 million ( It comes eight months after Greenpeace published a book called […]

HSBC warns of worse to come for UK economy

The worst is “still to come” for the UK economy as household spending winds down due to credit shortages and more jobs are shed as a result of record oil prices, a top economist warned today. Karen Ward, UK economist at HSBC, said in an analyst note that spiralling oil prices will lead to a […]

From Indonesia to the US governments stand powerless in face of markets

The slums of Jakarta, Indonesia’s giant, sprawling capital, are among the largest in Asia. In their shacks clustered around teeming alleys, millions of people endure grinding hardship of a kind that few in the rich world could imagine. At the stroke of midnight on May 23, their poverty was suddenly worsened. The rise in global […]

Pollution rules may be suspended to allow big expansion of Heathrow

More than 60,000 extra flights will pass low over London each year under a government plan to suspend air pollution limits to allow Heathrow to expand. The two existing runways will be used much more intensively, meaning that people living under flight paths will no longer have half a day’s respite from aircraft passing overhead. […]

Oil traders fear for London’s position

Oil traders on both sides of the Atlantic gave warning that American efforts to extend US regulation to include the London oil market risked simply channelling the trade offshore to Dubai and Singapore. The protests follow the emergence of a dispute between US and UK regulators over oil market oversight in the City of London, […]

« 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