Children and Peak Oil

If we fail to adequately prepare for peak oil, it is likely to have disastrous consequences for children The conception of children in western societies as

The Economy: Why It

For months, economic Pollyannas have looked beyond the dismal headlines and promised a quick recovery in the second half. They’re dead wrong. …This downturn is likely to last longer than the eight-month-long recession of 2001. While the U.S. financial system processes popped stock bubbles quickly, it has always taken longer to hack through the overhang […]

Canadian navy drowning in sky-high fuel prices

MONTREAL — Ballooning fuel prices and recruitment problems kept Canadian navy vessels docked for much of last year, Sun Media has learned. The 34 vessels deployed on Canada’s east and west coasts, on average, spent only 81 days at sea in 2007, according to documents obtained by Sun Media through the Access to Information Act. […]

Cheney Enrages Iraqis with Demands for New Laws

Dick Cheney wants the Iraqi government installed by the U.S. occupation to sign a “security pact” with Washington by the end of July. (The pact, including a status-of-forces agreement, would be signed by the U.S. president but not constitute a treaty requiring Congressional approval.) Few Americans are familiar with the proposed treaty. If they were, […]

Is Global Warming Causing More Severe Weather?

… There had been 1,258 tornadoes reported through May, a tally that nearly matches the 10-year average for an entire calendar year, according to Storm Prediction Center data. While the figure is inflated because some storms are reported twice, storm watchers say this is an extraordinary, if not unprecedented, tornado season. The latest storms have […]

Oil, Israel, Iran, America and the High Cost of a Single War-Like Remark

One remark by a minor Israeli cabinet officer hinting at a possible US or Israeli attack on Iran has sent oil prices up by a record $11/barrel to a record $139 per barrel Friday. That should tell us what would happen if the Bush administration were crazy enough to attack Iran, or to let its […]

Can China Keep the Lights On?

For three days in an average week, factories in Foshan’s Shunde district have to work to keep their own lights on. As power cuts take effect in this small part of Guangdong province, home to Chinese home appliance manufacturers like Midea, Galanz and Kelon, diesel-powered generators hum to life to keep production going. “It’s impossible […]

No easy way out of Gulf food inflation

Thanks to a number of elements that are causing food prices to rise across the globe, Gulf economies, which import most of their provisions, are expected to continue to experience high levels of food price inflation. The high food prices are a result of the worldwide shortages of grain in the face of increasing demand. […]

China, Africa, and Oil

As global demand for energy continues to rise, major players like the United States, European Union (EU), and Japan are facing a new competitor in the race to secure long-term energy supplies: China. As its economy booms, China is intent on getting the resources needed to sustain its rapid growth, and is taking its quest […]

Saudi Arabia calls for emergency summit as oil prices soar

Saudi Arabia today called for a summit of oil producing countries and consumers to discuss how to prevent oil prices from soaring further, following last week’s surge to a record high of $139 a barrel. The country’s Information and Culture Minister, Iyad Madani, said that the kingdom would work with OPEC to “guarantee the availability […]

French oil port strikers call for more action

PARIS (Reuters) – Striking workers at France’s largest oil port of Fos-Lavera in southern France on Monday entered their third day of action, stepping up pressure on the government over its plan to privatise state-run ports. The three-day strike at the Fos-Lavera oil port in the southern port of Marseille blocked 29 oil tankers at […]

Australia: WA gas blast rocks miners

MINERS are taking desperate measures to secure supplies of gas and diesel fuel in the face of at least two months of interruption to 30% of gas supplies in Western Australia following the explosion at Apache Energy’s facility on Varanus Island. A Citi analyst, Clarke Wilkins, told clients that he had heard reports of spot […]

Wealth Evaporates as Gas Prices Clobber McMansions, SUV Makers

(Bloomberg) — Sky-high gasoline prices aren’t just raising the cost of Eugene Marino’s 120-mile round-trip to his job in the Washington area. They’re reducing his wealth, too. House prices in his rural subdivision beyond the Blue Ridge Mountains in Charles Town, West Virginia, have plunged as commuting expenses have soared. A four-bedroom home down the […]

Fuel worries prompt a 1970s flashback

There are differences between the energy crisis then and now, including government’s response WASHINGTON The following winter, a sweater-clad Carter had the heat down to a brisk 65 degrees. Thirty years later, with energy prices soaring again, American consumers are getting a reminder of what life was like during the 1970s. For the first time, […]

Connecticut: Do Gas Prices Mean Business Bets Are Off?

After the state legislature recently approved … But if

Rural U.S. Takes Worst Hit as Gas Tops $4 Average

TCHULA, Miss. Here in the Mississippi Delta, some farm workers are borrowing money from their bosses so they can fill their tanks and get to work. Some are switching jobs for shorter commutes. People are giving up meat so they can buy fuel. Gasoline theft is rising. And drivers are running out of gas more […]

Russia and Norway tackle Arctic sea border issue

OSLO (Reuters) – Russia and Norway meet on Monday and Tuesday in the hope of making progress in a decades-old dispute over their maritime border in the Barents Sea — a part of the Arctic that could hold large oil and gas reserves. Officials have said the Barents Sea could become an important new source […]

Surging oil alarms Wall Street

NEW YORK On Friday, the biggest one-day price jump ever for a barrel of crude oil was largely responsible for wiping out about $500 billion in stock market value, according to Dow Jones Indexes. Glum news on the job front

Cold-fusion demonstration ”a success”

There is a reasonable chance that the naysayers are (to some extent) right and that cold fusion experiments in their current form will not amount to anything. But it’s too easy to be drawn in by the crowd and overlook a genuine breakthrough, which is why I’d like to let you know that one of […]

Oil seen hitting $150 this summer: Goldman analyst

KUALA LUMPUR (Reuters) – Oil prices are likely to hit $150 a barrel this summer season, the global head of commodities research at Goldman Sachs said on Monday, as tighter supplies outweigh weakening demand. “I would suggest that the likelihood of that happening sooner has increased tremendously … sometime in summer,” Jeffrey Currie told an […]

UK: Producer price growth at record

UK producer prices rose at a record pace in May, official figures show. The Office for National Statistics said that output prices for sales of manufactured products rose at a rate of 8.9% in the year to April. Input prices also shot higher, up 27.6% over the year. The rate of growth in input and […]

Oil shortage a myth, says industry insider

There is more than twice as much oil in the ground as major producers say, according to a former industry adviser who claims there is widespread misunderstanding of the way proven reserves are calculated. Although it is widely assumed that the world has reached a point where oil production has peaked and proven reserves have […]

German solar sector starting to attract investors

Germany’s solar energy industry can breathe a sigh of relief: Subsidies are set for smaller cuts than expected, and the sector is set for consolidation many say is the crucial next step in its development. The global electronics group Bosch was first off the mark, announcing the purchase last week of German solar energy equipment […]

German solar energy competitive by 2014- Q-Cells

The chief executive of Germany’s Q-Cells, the world’s largest solar cell maker, said on Sunday he believed that solar energy could be competitive without subsidies in Germany by 2014. “My assessment is that we can talk about 2014,” said Anton Milner in an interview with Sunday paper Frankfurter Allgemeine Sonntagszeitung (FAS).He also said that the […]

Biofuel Standards Sought to Weather Critics Storm

Once hailed for providing an alternative to fossil fuels, makers of crop-based biofuels must now fight criticism for pushing up food prices and rainforest depletion by proving they are still a sustainable energy source. Industry players say biofuels’ effect on rocketing food prices has been blown out of proportion and that the original arguments for […]

Malaysia’s Petronas urges end to energy subsidies

Malaysian state energy firm Petronas said on Monday that subsidies which cause excessive consumption and distort markets must be removed. Amid the fallout from a 41 percent fuel price hike in Malaysia last week, Petronas president and CEO Hassan Marican said that while the industry was trying to step up production, Asia must become more […]

China: Power companies struggle with shrinking profits

The relentless rise in energy prices, particularly coal, is pushing domestic power companies to a corner with no obvious way out other than an increase in electricity charges, which are controlled by the government. Although some economists have predicted a power tariff rise will have a marginal impact on inflation, nobody expects any changes before […]

VietNam digging itself into a hole with coal exports

Local experts have warned that the country’s coal reserves could be exhausted by 2015, creating a dependency on expensive imported coal. As the country is currently selling coal at a cheaper export price than import, Vietnam may end up buying back some of its coal at a higher price if national reserves are exhausted.At the […]

China takes refuge in coal-fed process to secure oil

With oil prices at historic highs, China is moving full steam ahead with a controversial process to turn its vast coal reserves into barrels of oil. Known as coal-to-liquid (CTL), the process is reviled by environmentalists who say it causes excessive greenhouse gases. Yet the possibility of obtaining oil from coal and being fuel self-sufficient […]

India: ‘Uranium shortfall will continue for some years’

The mismatch between uranium demand and supply in the country would continue for some years despite the efforts to secure additional supply of the commodity, said Atomic Energy Commission (AEC) Chairman and Department of Atomic Energy (DAE) Secretary Anil Kakodkar. India’s nuclear power plants have been working at about half their capacity of 4,000 mw […]

« 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