Oil price rise: Bracing for a global meltdown

Skowhegan (Maine): If there’s anything in the United States of America that’s taking more news space than the presidential race, it’s global oil prices. With oil prices soaring, there’s a group of people in the US who are bracing for a global meltdown. Iver Lofving is convinced the world is running out of oil. He’s […]

Airlines pay price for creating ‘flying is cheap’ image

The aviation industry is guilty of creating the impression that “flying is cheap” and will pay the price as rocketing oil prices in the coming months force no-frills carriers out of business, the joint head of the world’s biggest airline has said. Peter Hartman, the chief executive of the Dutch company KLM, one half of […]

Oil supply adequate, no calls for OPEC meet

LONDON (Reuters) – Global oil supplies are adequate and there are no moves within OPEC to hold an emergency meeting to discuss record oil prices, Libya’s top oil official said on Sunday. “I think there is enough oil in the market, I did not hear anybody calling for a meeting,” Shokri Ghanem, head of Libya’s […]

US Senate Republicans block climate change plan

A landmark plan to fight climate change was defeated today in the US Senate, likely postponing action on carbon emissions limits until after this autumn’s presidential election. Neither Democrat Barack Obama nor Republican John McCain cast votes on the climate bill but indicated that they would have supported moving forward on it. McCain had indicated […]

Spanish hauliers on fuel strike

Tens of thousands of Spanish lorry drivers have begun an indefinite strike against the soaring price of diesel, which has risen by 20% this year. Some 90,000 hauliers stopped work at midnight on Sunday (2200 GMT) and are expected to stage blockades and demonstrations in coming days. Their strike follows action by hauliers in France […]

World must work to avert crisis as oil soars

Record surges in crude prices have propelled the world into an era in which oil may never be cheap again and energy security will become the foremost concern of governments everywhere, the G8 heard yesterday. With oil hovering just below $140 a barrel, an unprecedented gathering of the world As the meeting came to close, […]

Marine life is destroyed by acid environment

Traditional marine communities containing creatures such as sea urchins and snails are being destroyed as CO2 emissions make their environment more acidic. Algae which is vital for the well-being of coral reefs is also retreating as acidity increases and is being replaced by invasive species which don’t offer coral the same protection. The changes have […]

UK: Rising price of oil could send our energy bills soaring even higher

Millions of householders can expect even higher fuel bills over the next 12 months, industry analysts have warned. They say gas prices will rise by up to 43 per cent and electricity by 21 per cent. At the same time, annual dual fuel bills are likely to jump by

UK: Revealed: airlines’

The Government has been urged to abolish a The proposal will be strongly opposed by airlines, which have already warned that passengers face surcharges of

Biofuel backlash: High prices, pollution worries hit consumers

When King County Metro Transit signed a one-year contract last June to buy 2 million gallons of biodiesel made by Seattle-based Imperium Renewables, the agency didn’t mind paying a few extra cents a gallon for the privilege of being green. By running all its buses on a blend with 20 percent biodiesel, Metro Transit would […]

THE SWITCH HAS BEEN FLIPPED: IT’S TOO LATE FOR SOLUTIONS

I would be the first to admit the possibility that nuclear war may erase all potential for human survival as collapse more fully unfolds. However, I would also adamantly insist that it may not be inevitable and that local communities and families who have consciously prepared for collapse can not only navigate it but create mini-societies where an entirely new paradigm prevails. In the latter scenario unimaginable opportunities (a word very closely connected with “options”) abound for remaking human relationships, human connection with the earth and the non-human world, and the reclaiming of our ancient memory of living within limits as partners with, not dominators of, the earth.

carolynbaker.net

High cost and demand for fertilizer scares farmers

…In part because of a global surge in demand, the price of fertilizer has skyrocketed 228 percent since 2000, forcing U.S. farmers to switch crops, cut back on fertilizer or search for manure as a substitute. Wholesalers and retailers are scrambling to find and buy fertilizer and juggle what supplies they have to meet customers’ […]

‘Guns, Germs, and Steel’ Author Discusses Costly Crude and the Future of Oil

In another of the NewsHour’s ongoing ‘Costly Crude’ series, geography professor and famed author Jared Diamond discusses the future of oil in view of current high prices. …RAY SUAREZ: Tonight, we talk to Jared Diamond, professor of geography at the University of California, Los Angeles. He’s the author of the best-selling books, “Collapse: How Societies […]

Diesel thieves wreak havoc on California farmers

BAKERSFIELD, California (CNN) — Standing in a field of organic tomatoes, farmer Pete Belluomini says the ground-cracking drought and unrelenting insects make it difficult enough to make a living on the land. But they are the least of his concern these days as a new menace haunts farmers in Bakersfield, California: diesel thieves. Sgt. Walt […]

Global food supply is a growing problem

Retailers and politicians are seeking ways to keep the global food crisis from hitting the UK Food riots. Scores of panicked people protesting, burning effigies and chanting. Shops being ransacked, supplies running out as soon as they come in, and stricken communities stockpiling rice, bread and water for fear of going without. These have happened […]

Iraq talks with Kuwait, Iran on shared oil – report

DUBAI (Reuters) – Iraq, home to the world’s third largest proven oil reserves, is in talks with neighbouring Iran and Kuwait to reach a deal to pool shared oilfields, the London-based Asharq al-Awsat reported on Sunday. “Iraq has entered negotiations with Kuwait and Iran,” it quoted Iraqi Oil Minister Hussain al-Shahristani as saying. “We have […]

Obama, Clinton should get real about oil

…”These are the ways we will answer the challenge that arrived on our shores that September morning more than five years ago,” Obama said. “A 21st century military to stay on the offense, from Djibouti to Kandahar. Global efforts to keep the worldThat was declaration by then-president Jimmy Carter in 1980: “Any attempt by any […]

Jonathon Porritt: Britain should have ‘zero net immigration’ policy

Britain should set an example to the world by reversing its steeply-rising population growth and allowing no more people into the country than leave, the Government’s chief “green” adviser has said. Jonathon Porritt, chairman of the Sustainable Development Commission, said it was entirely possible to be “very progressive” on immigration while still having a policy […]

Surge in oil prices leaves economy facing stagflationary shock

THE surge in oil prices to a record level of more than $139 a barrel on Friday has left the economy facing a severe Sushil Wadhwani, a former member of the Bank of England

Gulf inflation threat mounts as oil hurdles to $150

DUBAI (Reuters) – Oil’s rapid acceleration toward $150 a barrel threatens to spur Gulf Arab inflation to new records as currency pegs to the ailing U.S. dollar prevent the oil producers from mopping up excess liquidity. As Gulf central bankers prepare for a key meeting in Doha on Monday, the oil price surge places more […]

Gas price record reaches $4 a gallon

AAA’s daily survey tops the milestone for the first time after a 1.7-cent rise Sunday. NEW YORK (CNNMoney.com) — Gasoline rose to a milestone mark Sunday as the national average compiled by motorist group AAA reached $4 a gallon for the first time. The national average for regular unleaded rose 1.7 cents to $4.005, according […]

Iran luxury cars to be barred from cheap fuel: report

TEHRAN (Reuters) – Drivers of luxury cars in Iran will no longer be able to buy heavily subsidized gasoline from June 21, official Iranian media reported on Sunday. It is the latest change of a rationing system launched a year ago under which motorists can buy 120 liters per month at the price of 1,000 […]

OPEC Probably Can’t Lower Oil Prices, Kudrin Says

(Bloomberg) — OPEC is probably incapable of lowering the price of oil, Russian Finance Minister Alexei Kudrin said, a day after crude reached a record. “Cartels are not the institutions to lower prices,” Kudrin told the St. Petersburg International Economic Forum today. Crude oil surged $10.75, or 8.4 percent, to a record $138.54 a barrel […]

Shell, Gazprom Agree to Study Arctic LNG Projects

(Bloomberg) — Royal Dutch Shell Plc and OAO Gazprom, Russia’s gas exporter, signed a preliminary agreement to study liquefied natural gas projects on the Yamal peninsula in Russia’s far north. The companies may also consider LNG projects in third countries, Shell Chief Executive Officer Jeroen van der Veer said in an interview at the St. […]

Former gas pipeline owners seek compensation from Bolivia

LA PAZ, Bolivia (AP) – Bolivia’s government news agency says an arbitration request has been filed against the Bolivian government in response to the nationalization of gas pipeline company Transredes. President Evo Morales nationalized all assets of the pipeline company on Monday. The company was half-owned by Royal Dutch Shell PLC and Ashmore Energy International. […]

Could Brazil Take No. 1?

Petrobras, the Brazilian oil giant formerly derided as “Petrosaurus,” could become the world’s most valuable company, based on its stock price. That startling forecast, made recently by mutual-fund maestro Ken Heebner, speaks volumes about how fast Petrobras, Brazil and world markets are changing. Oil companies are blowing past technology titans like General Electric and Microsoft […]

Total: World oil output to reach 95 million b/d by 2020

PARIS — Worldwide oil production will stabilize at about 95 million b/d before 2020, including extra heavy crude from Venezuela and Canada, said Total SA Chief Executive Officer Christophe de Margerie based on a long-term, internal company oil study, just released. Energy savings and efficiency are therefore “absolutely necessary” to limit an ever-increasing demand pulled […]

Essential Video: PEAK OIL

Lindsey Williams talks about his first hand knowledge of Alaskan oil reserves larger than any on earth. And he talks about how the oil companies and U.S. government won’t send it through the pipeline for U.S. citizens to use. Cost to bring a barrel of crude oil out of ground (not including transportation) Saudi Arabia: […]

Australia – OPEC needs to boost oil supplies: Rudd

The Rudd government says only OPEC can help reduce petrol prices by increasing the supply of oil to countries, including Australia. The government passed the FuelWatch legislation in the House of Representatives last week, despite strong criticism from the opposition. The coalition criticised the legislation, saying retailers should not be forced to fix their prices […]

Nigeria: FG to Hike Petrol Price January 1

The Federal Government yesterday disclosed that the current pump price of petrol would be adjusted upwards with effect from January 1, 2009. However, it said the modalities of what will be the new price regime would be worked out by the organised labour and other stakeholders between now and the effective date. Minister of State […]

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