Midwest Death Watch: Capacity Cuts Made Official

When Midwest Airlines announced in June that it would ground a dozen planes, the carrier didn’t say how the move would affect service. Now Midwest has it sorted out–and it’s not looking good, despite the airline’s spin that the new schedule “retains service to 32 cities.” Beginning September 8, Midwest will no longer fly to […]

Diesel shortage hits Nagpur (India)

In what is being termed as a fallout of rising crude prices, the city is facing an acute shortage of diesel. Except a handful, all major filling stations within city limits ran out of diesel on Sunday. Customers were being directed to outlets outside city limits, but there is no guarantee one would find diesel […]

Cheap air travel in peril in Mexico

Skyrocketing fuel prices are rocking the Mexican airline industry, leading to steep fare increases, the slashing of routes and what some analysts fear could be the end of low- cost air travel south of the border. Experts say the current woes could lead to the disappearance of several Mexican airlines and an era of consolidation […]

Oil friction: BP stops dividend payments on Russian venture

The British oil group BP has blocked a mammoth dividend payment due to Russian shareholders of a strife-torn joint venture, a British newspaper has reported. The move is seen as leverage amid a row over investment plans that has left Robert Dudley, the chief executive of the joint venture TNK-BP, facing expulsion from Russia at […]

Nigerian oil workers union threatens to pull members out of Delta

Nigeria’s main oil workers union NUPENG threatened Thursday to pull out its members if there was no improvement to the worsening security climate in the country’s Niger Delta. “We have made several representions to the federal government. But they seem not to listen. We will not hesitate to ask our members to quit the region […]

Oil industry eyes Iraq investment with caution

The oil industry is cautious about Iraq’s decision to offer foreign companies long-term contracts to develop its largest producing fields, with any windfalls seen as distant and likely to go to a select few firms. Earlier this month, Iraq said it would offer development contracts aimed at boosting output at six fields by a combined […]

The global economy is at the point of maximum danger

It feels like the summer of 1931. The world’s two biggest financial institutions have had a heart attack. The global currency system is breaking down. The policy doctrines that got us into this mess are bankrupt. No world leader seems able to discern the problem, let alone forge a solution. The International Monetary Fund has […]

Alaska: Energy fix meets political pandering

Either we’re sitting on a potential cure for high oil prices or we’re wasting our time. Those seem to be the two schools of thought emerging as politicians call for expanded drilling in Alaska. …And while it’s hard to deny that the jackpot of all untapped domestic oil lies just north of the Arctic Circle, […]

Satellite cutbacks could leave us blind at the poles

The union of weather and climate monitoring is not a happy one – and a US attempt at matchmaking means we may miss out on important climate data. In 1994, the US government decided to replace its separate climate and weather instruments with a fleet of satellites holding both. The National Polar-orbiting Operational Environmental Satellite […]

9/11 and 4/11

I am reliably told by a Bush administration official that there is an old saying in Texas that goes like this: The economist Paul Romer once said to me that

U.S. highway trust fund veers toward crisis

Count it among the victims of rising gas prices. Billions of dollars in road projects are at risk. WASHINGTON — Soaring gasoline prices are hurting Uncle Sam in the wallet too. As motorists cut back on their driving and buy more fuel-efficient cars, the government is taking in less money from the federal gasoline tax. […]

Misguided Energy Policies

I have a friend who is addicted to nicotine. His liberal friends tell him that this addiction is bad, and point out that it is costing him too much money. Therefore, they want policies passed that ensure that he can continue to consume as much as he likes, and not hurt his budget too much. […]

Oil price could reach $250 by next year, says AAA-rated manager

Citywire AAA-rated Nicolas Komilikis of Amiral Gestion believes it is incredibly unlikely that the oil price will go down and says $250 a barrel by next year is not beyond the realms of reason. Contrary to the views of Dr Hendrik Leber of German boutique Acatis, who thinks there is a correction looming and that […]

IEA warns non-Opec oil could peak in two years

Oil production in non-Opec countries is set to peak within the next two years, leaving the world increasingly dependent on supplies from the cartel of exporting nations, according to one of the world’s leading energy experts. Fatih Birol, chief economist of the International Energy Agency (IEA), said that falling production from key regions such as […]

U.S. targets Somali pirates

The U.S. and international military forces are taking more aggressive action off the African coast as bolder and more violent pirates imperil oil shipments and other trade. The area is a key shipping route for cargo transported to and from the U.S. and elsewhere. In response to pirate attacks, the U.S. has stepped up its […]

Mideast Facing Choice Between Crops and Water

CAIRO Now, the worldwide food crisis is making many countries in this politically volatile region rethink that math. The population of the region has more than quadrupled since 1950, to 364 million, and is expected to reach nearly 600 million by 2050. By that time, the amount of fresh water available for each person, already […]

Why plague people with trash talk when they’ve got worries enough?

Forget about manicured front lawns, white picket fences and the sound of children at play. According to a growing legion of pundits and “peak oil” theorists, the tidy suburbs of today are the forsaken slums of tomorrow. A recent article in The Atlantic Monthly by Christopher Leinberger argued that once-idyllic cul-de-sacs are about to become […]

Tropical Storm Dolly heads for Gulf of Mexico – NHC

NEW YORK (Reuters) – Tropical Storm Dolly was over the northern Yucatan Peninsula early Monday and about to move into the Gulf of Mexico where it could become a hurricane on Tuesday, the U.S. National Hurricane Center said in an early report. Weather models projected the storm would march across the southwestern Gulf and strike […]

UAE to shut 150,000-200,000 bpd oil output Oct-Nov

DUBAI (Reuters) – OPEC-member the United Arab Emirates will reduce oil output by 150,000 to 200,000 barrels per day for 40 days in October and November for maintenance, an official at state oil company ADNOC said on Monday. The scheduled shutdown will cut oil output from the world’s fifth-largest oil exporter by up to 7.5 […]

‘100 months to save the planet’

A “Green New Deal” is needed to solve current problems of climate change, energy and finance, a report argues. According to the Green New Deal Group, humanity only has 100 months to prevent dangerous global warming.Its proposals include major investment in renewable energy and the creation of thousands of new “green collar” jobs. The name […]

Squandered oil wealth leaves Nigeria in dark age

With oil prices at record highs, government coffers in the world’s eighth biggest oil exporter are swollen to unprecedented levels. Yet the vast majority of Nigeria’s 140 million people live in no better conditions than their neighbours in West Africa, the least developed region of the world’s poorest continent.The same is true of many of […]

You say crisis. I say opportunity

If retired Calgary geologist and Canadian Hunter Exploration co-founder Jim Gray is correct, and I believe he is, increasing oil production will be a lot harder than G8 leaders expect, making the much-trumpeted goal of lowering global emissions a little easier. Mr. Gray is a legend in the oil and gas exploration industry, a champion […]

Niger’s Tuareg rebels demand share of uranium cash

Niger’s Tuareg-led rebel movement chief said his Niger Justice Movement (MNJ), whose desert fighters have waged a rebellion against Niamey government troops, wants up to 30 percent of uranium revenue to be allocated to the northern region populated mainly by Tuaregs. “One of our demands is to set aside between 20 percent and 30 percent […]

Rubbish idea that could make driving cheaper

A British company may have the answer to soaring petrol prices after it claimed yesterday to have become the first to have found a way to make fuel from rubbish. Ineos, the chemicals company, said that it had patented a method of producing fuel from municipal solid waste, agricultural waste and organic commercial waste.The company […]

Tanzania cautioned on reckless biofuel projects

Environmentalists are warning of dire consequences should the haphazard production of biofuels in Tanzania continue. Prof Raphael Mwalyosi, an environmentalist and sitting MP took to task the government over its rush to sanction the activity without first weighing the benefits and loss.An Oxfam report released at the beginning of this month on biofuel production and […]

How Russia strives to dominate oil

PETROSTATE: PUTIN, POWER, AND THE NEW RUSSIA For anyone with knowledge of economic warfare, the opening scene in Marshall I. Goldman’s new book evokes a shudder. Russian hosts take him into a darkened room that is the “brain center” of Gazprom, the world’s largest producer of natural gas, in an office building high above Moscow. […]

All Tickets, Please

As oil prices rise, businesses and consumers alike are ditching planes and cars for more-efficient rail. If the cargo aboard a freight train that rolled into Hamburg, Germany, earlier this year It’s an extreme example of how rail is resurging around the world. The trend, fueled by concern over the environment and frustration with the […]

Why the world’s economies are sinking

Developing nations are flexing their muscles, while rich countries appear to be weakening in global meltdown The current economic slowdown may look global, but it might turn out to be the first in history that hits rich countries harder than developing ones. …”The credit crisis, runaway inflation, mind-blowing energy crisis, falling confidence, housing prices In […]

Fuel’s surge a headache for home health providers

ALBANY, N.Y. – Stethoscope? Check. Bandages and medications? Check. Money for fuel? Uh-oh. U.S. home health care workers, particularly those in rural areas, are suffering from financial headaches caused by the escalating cost of transportation, forcing some to borrow cash from co-workers in between paychecks and others to consider leaving the industry altogether. Providers of […]

Growing risk of a shooting war over energy

Once again, the week’s most important energy news has gone unreported by media in the U.S. Most of the U.S. news media still doesn By far the biggest overlooked event took place at the Russian shipyard in Severodvinsk exactly one week ago. There, according to the Agence France-Presse (AFP) news agency, Vladimir Putin said Russian […]

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