Japan govt to help fishermen pay soaring fuel bills

The Japanese government hammered out steps on Thursday to help businesses and individuals cope with soaring energy prices, including footing some fuel costs for the fishing industry. Soaring oil prices have led to protests across Asia and Europe, and the threat of a strike by Japanese fishermen has highlighted the impact on the nation’s already […]

A world less flat

America has so far experienced the year’s extraordinary rise in petrol prices as a death by a thousand cuts. Each automobile trip weighs heavier on households budgets. Vacation plans are revised. Pizza deliveries are circumscribed. The long anticipated purchase of a new pick-up or SUV is revisited. And despite the national love affair with automobiles, […]

Iraq oil deals in the north have wildcatters optimistic

It could be the new age for wildcatters, or just the new age of Iraqi oil development, but the monthly gathering of operators in IraqIraqoilReport

EU leaders sent to Siberia for talks that symbolise shifting power

The first EU-Russia summit since Mr Medvedev succeeded Vladimir Putin opens in the city of Khanty-Mansiysk, the Siberian heartland of the country’s oil riches. The political symbolism of the venue, chosen by Mr Putin, is not lost on either side as they strive to rebuild relations after years of friction over energy, trade and democracy. […]

US oil demand slides

America’s seemingly never-ending demand for oil appears to be abating as a direct result of the surge in prices. Data from the US Department of Energy revealed a large build-up in oil inventories in the last seven days, knocking more than $5 off the price of a barrel of oil at one stage. The new […]

Thousands of wind turbines planned as part of

Thousands of new wind turbines could be built across the UK over the coming decade as part of a radical 24dash

Dyson working on new generation of fast, green cars

Britain’s most famous inventor, Sir James Dyson, is working on a project that could lead to the creation of a fast, green car. Engineers at his research laboratory in Wiltshire are developing a powerful lightweight motor that could enable electric cars to zoom along for hundreds of miles without causing pollution. Solar panels on their […]

Canada: Talk is Cheap, Skeptics Say of Oil Sands Message

Canada’s oil sands producers have a rough road ahead persuading environmentalists and an increasingly concerned public they are serious about protecting the environment while investing billions of dollars in new projects. The industry’s lobby group and several chief executives launched a new communications campaign this week aimed at countering a full-court press by environmentalists over […]

Climate change fight needn’t cost the earth – economist

Curbing climate change would cost no more than 1 percent of global income per year, and the world can afford it, development economist Jeffrey Sachs said on Wednesday. “If we look seriously at mitigation, it is not too expensive,” he told a conference in Geneva on the humanitarian impact of climate change. “If we invested […]

Tokyo approves Japan’s first greenhouse gas curbs

Tokyo’s local government on Wednesday ordered Japan’s first mandatory cuts in greenhouse gas emissions and set up a carbon market, moving faster than the national government. Tokyo’s metropolitan assembly approved plans to force 1,300 major businesses to cut emissions blamed for global warming by 25 percent by 2020 compared with 2000 levels.The requirements will take […]

Oxygen-starved oceans rapidly dying

The world’s coastal oceans are in crisis, with oxygen-starved ”dead zones” increasing by a third in just two years as global temperatures increase with climate change, according to the International Whaling Commission’s latest scientific report. Dead zones, caused by over-enrichment of waters by nutrients from run-off, sewerage and warming waters, represent ”the worst-case scenario for […]

Trichet denies speculators to blame for oil price rise

Jean-Claude Trichet has rejected the idea that sharp rises in commodity prices were mainly caused by -speculators. “I’m not sure that speculation is the major culprit,” the European Central Bank president told a European parliament hearing yesterday. “The major issues are associated with supply and demand.”Mr Trichet had concern about inflation and his remarks – […]

700 militants arrested this year, Saudis say

Saudi Arabia has arrested 700 militants in the past six months on suspicion of planning attacks on the country’s oil industry and other targets, the interior ministry said yesterday. The figure suggests the Saudi security forces still face a significant threat from al-Qaida despite the perception, at least in the west, that the organisation has […]

Big Coal Fires Back Over James Hansen’s Criminal Complaint

Big Coal is firing back at James Hansen, NASA’s top climate expert, who on Monday told a House committee on energy and climate that he thought top executives of coal and oil companies should be tried for “crimes against humanity and nature.” Below is a note sent to me by Vic Svec, who you heard […]

Rwanda: Taking Advantage of Biofuels

The furiously developing food verses fuel debate is threatening to put developing countries which have to buy both commodities in order for its citizens to survive, between a rock and a hard place. For an average net importer of food and fuel, like Rwanda, the idea of biofuels would appear to be the savior in […]

Biofuel to More Than Double by 2030

Global biofuel production is expected to rise from 1.3 million barrels per day in 2010 to 2.7 million barrels per day in 2030, according to the latest U.S. Energy Information Administration forecast released Wednesday. But other biofuel-related news that also broke Wednesday indicates that more than doubling the world’s biofuel supply in 20 years won’t […]

America

Could America After the research phase is complete in about three years, the private partnership behind the effort, American Magline Group, comes to its biggest crossroads: obtaining $12 billion in funding for construction. Neil Cummings, who heads AMG, said that he believes a California-Nevada maglev could run as soon as 2015. MSNBC

Peak Oil Review — June 23rd, 2008

1. Production and Prices 2. Jeddah 3. Nigeria 4. The Offshore Drilling Panacea 5. China Raises Prices 6. Energy Briefs 1. Production and Prices In another volatile week, oil prices reacted sharply to breaking news, but ended the week just about where they started. Oil rose slightly on Monday after the UN Secretary General revealed […]

White House tried to silence EPA on emissions

Agency official quit after administration refused to read e-mailed proposal White House officials last December sought to stop the Environmental Protection Agency from submitting a proposed rule that would limit greenhouse-gas emissions from new vehicles, agency sources said yesterday. And upon learning that EPA had hit the “send” button just minutes earlier, the White House […]

Bernanke and Fed try to avoid that

NEW YORK – Mark Twain once said that …Back then, the OPEC oil embargo sent crude prices soaring from $3.77 a barrel in May 1973 to above $12 by January 1974. Another price surge came later in the decade following the Iranian revolution, which pushed crude prices from around $14 a barrel in 1978 to […]

Destruction Of Greenhouse Gases Over Tropical Atlantic May Ease Global Warming

Large amounts of ozone — around 50% more than predicted by the world’s state-of-the-art climate models — are being destroyed in the lower atmosphere over the tropical Atlantic Ocean. This startling discovery was made by a team of scientists from the UK’s National Centre for Atmospheric Science and Universities of York and Leeds. It has […]

Iran and nuclear consequences: Bernd Debusmann

WASHINGTON (Reuters) – When an Israeli cabinet minister said he thought an attack on Iran’s nuclear sites was unavoidable, the price of a barrel of oil rose 9 percent to a new record in June. Nice, fat bonus for oil-producing countries, including Iran. If rhetoric has that effect, imagine the consequences of an actual strike. […]

Britain to launch plan for green energy revolution

LONDON (Reuters) – Britain will outline its plan on Thursday for meeting its renewable energy targets that environmental groups cautiously welcome but others say is unrealistic. Ministers are expected to call for 4,000 more wind turbines to be built onshore and 3,000 more to be erected at sea as a key part of a strategy […]

World Economy Would Collapse If Oil Hit $200, Deutsche Says

The global economy would collapse if oil hit $200 a barrel, said the top energy analyst at Germany’s largest bank. “Two-hundred dollar oil would break the back of the global economy,” Deutsche Bank AG’s Chief Energy Economist Adam Sieminski said in an interview today in Tokyo. “Next step after $200 would be global recession and […]

New ”carbon revolution” urged to slow warming

OSLO (Reuters) – The world needs a shift as radical as the Industrial Revolution to cut greenhouse gas emissions by 2050 while safeguarding economic growth, the McKinsey Global Institute said on Thursday. It said in a study that a modern “carbon revolution” to curb global warming would require a tenfold rise by 2050 in the […]

The prognosis for the United States

The oil crisis is upon us. I hope to convince you that sharply curtailing our oil demand is the only and best way for Americans to negotiate the coming decade (2008-2018). To that end, I will construct three scenarios for you to consider in contemplating your future energy consumption. I would urge all Americans to […]

Brazil signs deal to export sustainable ethanol

SAO PAULO, June 25 (Reuters) – A group of Brazilian ethanol companies signed a deal to export certified sustainable ethanol to Sweden, in the world’s first agreement of such a kind, they said on Wednesday. Brazilian groups Cosan , Guarani , NovAmerica and Alcoeste agreed sell to Sweden’s Sekab 115 million liters of anhydrous ethanol […]

Americans, Hurt by Rising Gas Prices, Curb Spending, Poll Finds

June 26 (Bloomberg) — Most Americans say they are feeling the pain from rising gasoline prices and many are tightening their belts in response, a Bloomberg/Los Angeles Times survey shows. That’s bad news for the economy. With consumers accounting for 70 percent of gross domestic product, any pullback in their spending would have an outsized […]

Still places worth drilling for oil, but what does U.S. do after that?

The debate over oil prices took a turn for the useless the moment our Dear Leader and his party’s heir began blaming $4-a-gallon gas on people who oppose drilling in the neighborhood of Florida’s beaches or in Alaska’s wildlife refuge. According to those two, the people in Jakarta and Sydney and London are paying more […]

Bush/McCain’s gas price scam is an Enron re-run

… Contrived or otherwise, today’s soaring gas prices are a tangible bonanza for Bush/McCain. Off-shore drilling would put billions in their cronies’ pockets, but would not lower gas prices a single cent. Nuke power could mean billions more in radioactive lucre for reactor builders who may never deliver a single electron of electricity. It’s no […]

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