Giant trees ‘to clear excess CO2′

The scientist who coined the term “global warming” in the 1970s has proposed a radical solution to the problem of climate change. Wallace Broecker advocated millions of “carbon scrubbers” – giant artificial trees to pull CO2 from the air. He said some 20 million of the scrubbing devices would be required to capture all the […]

Fuel Costs Incite Protests by Fishermen in Europe

PARIS Outside a government ministry in Madrid, news agencies reported that hundreds of fishermen handed out 20 tons of fish to consumers from trucks loaded with the catch of Europe

Finally, a path for America to battle climate change

Better late than never, the U.S. Senate will begin debate this week on a global-warming bill it should have approved years ago. The legislation, called America’s Climate Security Act, would be the nation’s first meaningful step toward halting and reversing the buildup of atmospheric gases that are altering the Earth’s climate in devastating ways. Congress, […]

After cheap oil

Soaring energy costs are about to change everything Back in the 1990s, when Osama bin Laden was still giving interviews to journalists and didn’t have a $50-million bounty on his head, one of his biggest grievances with the West was over the price of oil. At around US$30 a barrel, it was far too cheap, […]

Klare: How Scarce Energy Resources Can Quickly Lead to Deadly Wars

Shows of force by nations competing to control dwindling energy supplies could trigger conflict in hot spots across the globe. When powerful states wish to signal their determination to pursue particular vital interests against the wishes of weaker powers or deter a rival from overstepping certain boundaries, they often make a conspicuous show of deploying […]

Gates Warns China Not to Bully Region on Energy

SINGAPORE Mr. Gates seemed to take a third approach in his remarks to a major regional Asia security conference here, seeking to lay down clear markers of continued American commitments to the region while also obliquely criticizing China. He said that in his four trips to Asia since becoming defense secretary 18 months ago, several […]

Economic cost drives Senate climate debate

WASHINGTON – The possible economic cost of confronting global warming The debate opens as Americans are reeling over $4 gasoline and soaring expenses to heat and cool their homes. That’s making it all that harder to sell the merits of a bill that would transform the nation’s energy industries and

No more cheap shots for gun users

Wars, metals shortage driving up price of ammunition EDMONTON – The price of ammo is shooting up faster than a speeding bullet. Metal supplies are diminishing due to industrialization in China. On top of that, ammunition supplies have been depleted by wars in Iraq and Afghanistan and by consumers who hoard what they can for […]

What happens when oil runs out?

GRAND RAPIDS — The collapse of cities, a return to rail transportation, famine and a worldwide depression are but a few outcomes predicted by energy industry insiders and believers in the peak oil theory who gathered this weekend at Calvin College. “We will have a different civilization, to be sure,” said David Goodstein, a vice […]

Ex-official: Enron probably a focus of oil inquiry

(CNN) — Federal regulators investigating possible price manipulation of crude oil are probably looking at what role collapsed energy giant Enron may have played, a former government official said Friday. On “American Morning,” Michael Greenberger, who once led the Commodity Futures Trading Commission’s Division of Trading & Markets, said, “almost certainly, what they’re looking at […]

The decline of oil

The Western world can no longer take for granted the abundant supply of affordable energy that has sustained its economy. If the soaring crude price has shown anything, it is that a paradigm shift is under way in the global oil industry: the Western world can no longer take for granted the abundant supply of […]

Power struggle: demand for oil is rising far quicker than production

Rising prices at the petrol pumps are a direct result of a lack of oil supply. When there’s not enough to go around, the sellers can name their price. The result is that oil prices have almost doubled, rising from less than $70 a barrel this time last year to around $130 a barrel today. […]

Separating the myths from the facts about North Sea oil

As our domestic habits begin to change and talk turns towards inflation taking a hold in the wake of a sustained increase in the price of oil, I embarked on an investigation into Scotland’s relationship with the “black gold”.The one thing that surprised me during the course of my investigation was that the proven reserves […]

French threat to North Sea oil reserves

A consortium of foreign oil companies led by French giant Total is threatening to block government plans to fully develop the North Sea’s last frontier, which contains over a fifth of Britain’s flagging oil and gas reserves. In a surprise visit to the Oil & Gas UK conference in Aberdeen last week, Gordon Brown met […]

Biofuel benefits ‘modest and sometimes even negative’

Rising investment in grain-consuming biofuels is a key reason food prices will stay high for at least a decade, an influential study released Thursday says. But the report by two leading international bodies also warns that claims biofuels will resolve an array of concerns — from rendering the air cleaner by replacing fossil fuels, to […]

Poor grow hungry as biofuel tables fill

Americans griping about the higher cost of food might want to take a look at what’s happening in places like Kenya or Sri Lanka. Food prices in those countries rose 25 percent during the past year, more than four times the inflation U.S. consumers saw, according to a new report by the United Nation’s Food […]

How to harvest solar power? Beam it down from space!

Mehta has another solution for India’s chronic electricity shortage, one that does not involve power plants on the ground but instead massive sun-gathering satellites in geosynchronous orbits 22,000 miles in the sky. The satellites would electromagnetically beam gigawatts of solar energy back to ground-based receivers, where it would then be converted to electricity and transferred […]

Australia: Fears coal dig will let rivers run dry

Plans for a huge expansion of longwall coalmining under the Sydney water catchment have emerged as a leaked NSW Department of Environment and Climate Change report urged the Government to confront the state’s coalmining industry. The proposal, currently being assessed by the State Government, could cause widespread surface damage and endanger Sydney’s water supply, says […]

UK: Greener power to the people: the real energy alternative?

Ministers could avoid building nuclear reactors by encouraging families to fit solar panels and other renewable energy equipment to their homes, a startling official report concludes. The government-backed report, to be published tomorrow, says that, with changed policies, the number of British homes producing their own clean energy could multiply to one million – about […]

Risky pipedreams for East Timor

Asia’s youngest and on several measures poorest country, East Timor has ambitious new plans to establish itself as the region’s next big energy exporter. Industry analysts estimate the untapped off-shore Greater Sunrise gas field holds over 8.3 trillion cubic feet of natural gas and 300 million barrels of light crude oil. Though most of the […]

Fuel subsidies hurting Indonesia: Pertamina executive

Fuel subsidies in Indonesia are hurting the economy, sucking away precious funds which could have been better used in other areas such as health and economic development, an Indonesian oil executive said Sunday. The country cannot go on indefinitely subsidising fuel and bold decisions are needed from the government to address the situation, said Widhyawan […]

Algeria riots pose risk of wider unrest

ALGIERS (Reuters) – Sporadic riots in OPEC member Algeria this year risk triggering wider protests against a political elite slow to turn unprecedented oil wealth into jobs and homes. Street clashes are a prickly issue in Algeria, a major gas exporter to Europe with a record of rebellion and where youth riots in 1988 forced […]

One Blow Away From $6 Gas

A Category 5 storm moving on Houston through the northern Gulf would dwarf energy industry disruptions from Katrina and Rita. Forty percent of U.S. refinery production could be shut, as well as nearly all offshore production facilities. In the short term, a spike in gasoline prices proportionate to that seen as Katrina targeted the Gulf and made landfall would take the national average for all grades within striking range of $5 a gallon. In a protracted disruption to supplies, $6 a gallon or more would not be out of the question.

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