Fuel Costs Push Airlines to Raise Charges on Drinks, Checked Bags

Think paying for in-flight snacks was a pain? Now a bottle of water can cost you, too. Starting Aug. 1, US Airways will add nonalcoholic beverages to the growing list of amenities not included in a flight’s base fare, thanks largely to increasing fuel costs. Water, soda and juices will set passengers back $2. The […]

BP vents its frustration on Russian partners

BP has launched its fiercest attack yet on the Kremlin and its joint venture partners at TNK-BP, accusing them of acting like “corporate raiders” who risk destabilising Russia and closing the country to foreign investment. BP chairman Peter Sutherland warned that unless President Dmitry Medvedev backed up his promises to restore “the rule of law”, […]

Empty shelves in Spain…and now Britain faces the same

Shoppers face the threat of empty supermarket shelves as petrol tanker drivers begin a four-day strike today. The walkout by 640 Shell drivers, who last night turned down a 7.3 per cent pay offer, will also cut supplies to one in 10 British forecourts. As panic-buying began last night, these scenes from Spain give a […]

Brussels urged to take on US over biodiesel

Europe’s biodiesel producers will today urge the European commission to levy punitive duties on US rivals after Brussels launched formal anti-subsidy and anti-dumping investigations into imports from America. In a move likely to escalate a trade war between the EU and US, the commission said it had enough evidence of subsidies and dumping of biodiesel […]

Gordon Brown to ‘crusade’ against fuel cost with oil producers

Gordon Brown is to embark on a personal crusade to help to bring down the soaring price of oil after announcing plans to travel to the Middle East to co-host an emergency meeting of leading oil producers. The Prime Minister said that the only way to crack the problem, with the price hovering yesterday at […]

UK: Oil prices force Treasury inflation re-think

The Treasury is privately putting a knife to its widely-derided economic growth forecasts and conservative inflation projections, as it warns that oil prices are set to remain high and volatile for many more years to come. Senior officials have indicated that the Treasury is informally mulling sharp changes to its inflation forecast for this year, […]

Marks & Spencer boss says oil price is hitting out-of-town retail

Sir Stuart Rose, the executive chairman of Marks & Spencer, has said that high petrol prices are deterring customers from driving to out-of-town retail parks, in the latest example of how the consumer economy is being affected by rising commodity prices. Sir Stuart said that M&S has noticed changes in shopping habits over recent months. […]

Oil pushes world towards recession

It has long seemed to me that the only thing likely to bring the oil price back to earth is a global recession, and that is exactly what very high oil prices seem destined to bring about. High oil prices are one of the main causes of today’s elevated rates of inflation. Central bankers feel […]

Rising oil prices are on a slippery slope to disaster

When hauliers blocked the streets of London, Gordon Brown flew to Aberdeen to talk to Britain’s oil bosses. Less than a month later, tanker drivers are threatening further chaos and the Prime Minister wants to fly to Saudi Arabia to talk to Opec. The pow-wow in Jedda on Sunday between oil-producing and consuming nations will […]

Refinery premiums cast doubt on speculators

Refiners are paying record premiums for the high-quality crude oil they use to produce diesel and petrol, a sign of strong demand in the physical oil market that calls into question claims that soaring oil prices are being driven by speculators. Refiners are paying up to $5-$6 a barrel on top of current record prices […]

Curb cars and sprawl under next US leader, experts urge

The next US president must improve America’s car-dominated cities by levying London-style congestion charges and cracking down on sprawl, British researchers said yesterday. Barack Obama or John McCain must end eight years of “laissez faire” urban policy under the Bush administration and take on America’s car-loving public, employing vehicle charging in places such as New […]

1,238 Billion Barrels.

That’s 1.238 trillion barrels of known oil reserves, or 1,238,00,000,000 barrels. And reserves have actually been growing, by 107.8 billion barrels since 2001, and 168.5 billion barrels, or 14%, over the last decade. Global reserves have risen by 36% since 1987 (map/chart above shows how the 1.23 trillion barrels of oil reserves are distributed globally). […]

ABC News: Earth 2100

Are we living in the last century of our civilization? Is it possible that all of our technology, knowledge and wealth cannot save us from ourselves? Could our society actually be heading towards collapse? According to many of the world’s top scientists, the answer is yes, unless we take action now. This September, in Earth […]

Brown says world needs 1,000 extra nuclear power stations

Gordon Brown has signalled he wants Britain to play a major role in the race to build an extra 1,000 nuclear power stations across the world as part of his vision for ending the global “addiction to oil”. The Prime Minister, who will be flying to Saudia Arabia for an emergency oil summit next week, […]

World Energy Leaders Launch Energy-efficiency Initiative

On Monday, U.S. Secretary of Energy Samuel W. Bodman concluded his weekend visit to Aomori, Japan where the energy ministers from the Group of Eight industrialized countries (G8) and from China, India and South Korea met to discuss ways to enhance global energy security while simultaneously combating global climate change. The G8 includes Canada, Russia, […]

World Oil: Tapped Out

By Paul Roberts for National Geographic In 2000 a Saudi oil geologist named Sadad I. Al Husseini made a startling discovery. Husseini, then head of exploration and production for the state-owned oil company, Saudi Aramco, had long been skeptical of the oil industry’s upbeat forecasts for future production. Since the mid-1990s he had been studying […]

Energy concerns echo oil crisis of Nixon days, Kissinger says

Q Oil is once again a major global issue. We’ve seen predictions this week that oil will hit US$200 a barrel. You lived through the first oil crisis during the Nixon administration. How should the world react to the high oil prices? Are there any measures that can be taken? How do you see this […]

India: Growing number of cars to have cascading effect on economy

NEW DELHI: With the growing number of vehicles in India and China set to heighten oil consumption in the region, the eventual fuel shortage would cause a cascading effect on the economy of the two countries, noted environmentalist Lester R Brown claimed here on Thursday. “Oil production is declining and snowballing the rise in prices […]

Poland reiterates opposition to planned Nord Stream gas pipeline project

The Polish government continues to oppose the planned Nord Stream gas pipeline, also saying that it is against any attempts to co-finance the project using funds from the European Investment Bank, of which Poland is a shareholder, Deputy Economy Minister Marcin Korolec told the Sejm, the lower house of Parliament, on Thursday. “The government of […]

Head of Russian Gas Major Slams European Energy Security Ideas

Gazprom is concerned by European initiatives to create an “energy NATO”, whose countries would cooperate if fuel supplies were to stop, Aleksey Miller, the head of the Russian gas holding company, said in Leipzig. “We are convinced that cooperation and international integration, and not protectionist barriers, will give the most reliable protection to national and […]

Our focus is on oil, but Old King Coal is very much alive and kicking

BP chose a good time to publish its annual Statistical Review of World Energy yesterday – for it came just after the spike in oil prices to a record $139 a barrel last week, and a warning from the chief executive of Russia’s Gazprom that oil might go to $250 a barrel next year. BP’s […]

China exports less coal at higher value in first five months

China sold less coal abroad in the first five months largely due to efforts to ensure domestic supply, the General Administration of Customs said here on Thursday. Between January and May, China exported 18.5 million tons of coal, a decline of 4.1 percent from the same period last year. But the export value rose 48.3 […]

India blames coal firms for shortage

India’s Coal Ministry has blamed state-run thermal power companies for a coal shortage as they are unable to off take coal. The ministry said the thermal power utilities are to be blamed for their coal shortage, as they are unable to off take coal kept by coal companies to meet their production needs. It has […]

E.Europe biofuel producers face big challenges

Consumption of biofuels in eastern Europe is rising but local producers face growing external competition and also suffer a lack of government support, industry officials said on Thursday. “I see rising consumption (of biofuels in eastern Europe). I think also the eastern European biofuel sector will have to cope with imports from… Brazil, Argentina, the […]

Asian steel stokes coal boom

Like oil, coal, too, is enjoying the nickname “black gold,” thanks to soaring prices. Shares of coal producers have continued to climb on rising demand for their commodity from Asian steel makers and supply hiccups from countries such as Australia, China and South Africa.The Stowe Global Coal Index, which tracks companies that make more than […]

New Negev research center to test solar technology

The newly built Negev-based Solar Energy Development Center is on track to move forward the initiative of a US-Israeli company to build the world’s largest solar plant in California’s Mojave desert. The Californian company BrightSource Energy, formed in 2006, and its Israel-based subsidiary Luz II are dedicating the center Thursday. The facility took a year […]

Wind farms will blight Spain’s nature tourism hotspot

One of Spain’s last untouched landscapes, the Sierra de Gata in north-western Extremadura, may shortly be inundated with up to 91 wind farms. Ecologists are increasingly concerned about the impact these “parques eolicos” may have on the varied wildlife of the region – and, not least, on its pristine landscapes. Currently, Extremadura is popular with […]

The Peak Oil Crisis: The Summer Ahead

The situation is not good. Our average gasoline price just climbed past $4 a gallon and all indications are that it will continue to rise. After Goldman-Sachs made headlines by telling us that oil is going to $150 or maybe $200 a barrel in six months or maybe two years, Morgan Stanley announced that oil […]

UK: Ministers plot UK nuclear future

The government is inviting communities in the UK to volunteer to host radioactive waste from the country’s half-century of nuclear power. Local authorities are urged to consult widely before coming forward, and may win financial support.Ministers hope to have the site open for business within about 20 years. Meanwhile, Business Secretary John Hutton told energy […]

Runoff from Greenland Ice Sheet to more than double by the end of the century

The Greenland Ice Sheet is melting faster than previously calculated according to a scientific paper by University of Alaska Fairbanks researcher Sebastian H. Mernild published recently in the journal Mernild

« 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