U.S. carbon initiative nets key Canadian province

VANCOUVER, British Columbia (Reuters) – The province of Ontario, Canada’s industrial heartland, will join the Western Climate Initiative, a planned U.S.-based regional carbon credit trading pact aimed at curbing global warming. Ontario is the fourth province to join the effort that includes California and six other U.S. states, and was established by U.S. state governors […]

Oil markets search for signs of a bubble bursting

NEW YORK Given the market’s inability to spark a rally Friday, following the week’s big sell-off, is it time to declare the energy bubble over? Experts aren’t ready to go that far yet. Oil has bounced back from big drops more than once in its march to fresh records the past year. But sentiments are […]

Can plug-in hybrids ride to America

If the United States breaks its oil addiction, a measure of thanks will no doubt be due to Andy Frank, who some have dubbed the Even so, Detroit showed little interest in the idea of plug-in hybrid electric vehicles (PHEVs)

Park tests hybrid buses in McKinley’s shadow

ANCHORAGE, Alaska – For years, visitors wanting to see Denali National Park’s grizzly bears, moose, sheep and caribou have had to ride school buses that polluted the air and spoiled the tranquillity with their noisy, carbon dioxide-spewing diesel engines. Now park officials are testing a hybrid bus that promises to run cleaner, cheaper, and quieter. […]

Video: UN warns on biofuel crop reliance

United Nations chief Ban Ki-moon has warned against investing too heavily in growing crops for biofuels at the expense of food production. Mr Ban was speaking at a meeting of the UN’s General Assembly called to discuss the global food and energy crisis. He believes a wholesale shift in government resources towards farming is vital […]

Wind, solar energy more affordable, efficient than nuclear, activists say

BALTIMORE (Map, News) – A proposed third nuclear reactor at Calvert Cliffs won By meeting the goal outlined in the EmPower Maryland initiative to reduce consumption by 15 percent by 2015, Maryland can stave off blackouts

Continental Shift: BP Is Latest Gas Player

Oil giant BP PLC will pay $1.75 billion for natural-gas assets in Oklahoma, placing a big bet on North America’s booming unconventional gas fields. The deal with Oklahoma City-based Chesapeake Energy Corp. is the latest sign of a major shift in Big Oil’s strategy. For years, the largest oil companies have all but ignored the […]

Australia: Oil prices, slowdown force Qantas job cuts

QANTAS has warned further job cuts cannot be ruled out after slashing 1500 positions from across its operations, blaming higher oil prices and a slowdown in the domestic airline sector. As well as 1500 job cuts – all but 100 of which will be in Australia – by Christmas, Qantas will shelve plans to hire […]

Why gas prices vary from state to state

(AOL Autos) — Price of gas got you crying at the pump? Is it eating into your household budget? Well, get used to it. That’s the word on the streets as the price of a gallon of gasoline soars to record highs. With regional differentials pushing the price much higher in some places, drivers and […]

Fuel costs strain U.S. mass transit, too

…”High gas prices are really a double-edge sword,” says Virginia Miller, spokeswoman for the American Public Transportation Association (APTA). “While they are bringing more people to ride buses and trains all across the country, public transit agencies are facing challenges to meet their costs.” In many cases this means fare hikes and service cuts. So […]

Drivers going to great lengths for free fuel

Plots range from donating blood to stealing from day-care centers NEW YORK – Some U.S. motorists sick of getting clobbered at the pump seem willing to do just about anything for free fuel, from giving up the right to name their children to stealing from day-care centers to donating blood. In Orlando, Florida, David Partin […]

Missing fossils could warn of extreme climate to come

Did the tropics overheat during the Eocene some 55 to 34 million years ago? The answer holds the key to how our planet will respond to global warming, according to one climate researcher. The Earth went through a prolonged phase of extremely high temperatures during the Eocene, in which even the poles were ice-free. Recently, […]

Chemical breakthrough turns sawdust into biofuel

A wider of range of plant material could be turned into biofuels thanks to a breakthrough that converts plant molecules called lignin into liquid hydrocarbons. The reaction reliably and efficiently turns the lignin in waste products such as sawdust into the chemical precursors of ethanol and biodiesel. Now Yuan Kou at Peking University in Beijing, […]

Deadly tension on the roads

Accident toll rises as gas-shocked commuters opt for bicycles …Experts welcome the trend for all of the reasons you might expect: Transportation planners like that fewer cars clog the nation All those cyclists on the streets.

Bush

I was going to go out on a limb this week and make a prediction that would have contained all sorts of provisos about not having a crystal ball and all that, but it appears those aren The United States is today mired (along with

Airbus Tops Boeing at Air Show Rescued by Mideast, Asian Orders

Airbus SAS topped rival Boeing Co.’s sales tally at the Farnborough International Air Show, where plane orders from Middle Eastern and Asian airlines shored up an industry besieged by high oil prices. The world’s two largest airliner manufacturers announced $64 billion in orders, with more than 60 percent of the total going to Toulouse, France-based […]

White House threatens to veto oil drilling legislation

The White House on Thursday threatened to veto legislation being considered by the U.S. House of Representatives that would force oil companies to give up undrilled federal leases and ban the export of crude drilled in Alaska. The bill, which the House was to vote on later on Thursday, has a “use it or lose […]

Crop residue may be too valuable to harvest for biofuels

In the rush to develop renewable fuels from plants, converting crop residues into cellulosic ethanol would seem to be a slam dunk. However, that might not be such a good idea for farmers growing crops without irrigation in regions receiving less than 25 inches of precipitation annually, says Ann Kennedy, a USDA-Agricultural Research Service soil […]

U.S. Fuel Use Drops Most in 17 Years in 1st Half 2008, API Says

(Bloomberg) — U.S. fuel consumption fell 3 percent in the first half of 2008, the biggest decline for the period in 17 years, as high prices and a slowing economy curbed demand, an oil industry report today showed. Deliveries of petroleum products declined to an average 20.08 million barrels a day through June, American Petroleum […]

Crude oil at $250 per barrel?

You should never make predictions, especially about the future Let us contemplate the scenario in which oil price does rise to $250 per barrel and stays there for an extended period. It would lead to a major global economic recession and possibly a depression. In the US, gasoline prices would rise to $10 per gallon […]

Looking for answers, a slight cough, and thoughts on Boone’s plan

An increasing number of stories in Drumbeat, and in the world press, are focusing on the impacts of higher oil prices. Whether it is in the sacrifices that families must make to stretch their incomes to cover costs, the lack of city and state funding to cover all the utility and maintenance cost increases , […]

Soaring inflation undermines sustainability of Persian Gulf region

States scramble to protect themselves from skyrocketing energy costs, but measures such as government subsidies are proving ineffective. Cairo – Just as Persian Gulf cities such as Dubai and Abu Dhabi were becoming synonymous with excess and success, the Gulf boom is in danger of going bust. Instead of conjuring images of towering skyscrapers and […]

Of

Crude demand-supply balance is definitely tight, no one argues. The spare cushion has perilously gone down to two percent from six percent a few years back. Galloping consumption in the emerging economies of Asia coupled with rising demand within the Arab Gulf has contributed to tight markets. Skepticism appears ruling the sentiments. Pundits continue churning […]

Holiday travel will get costlier

If you want to travel during the fall or winter holidays, consumer travel experts say you ought to be checking prices now. “This is going to one of the most expensive holiday travel seasons ever,” warns Tom Parson at BestFares.com. Nearly all U.S. airlines are making big cuts in their schedules this fall in response […]

India’s Tata Power Seeks Overseas Coal Mines to Boost Supply

Tata Power Ltd., India’s biggest electricity generator outside state control, may invest in two coal mines overseas to supply as much as 4 million metric tons of the fuel as record prices curb expansion. Mines in Australia, Indonesia or Mozambique would meet half the additional 8 million tons of coal that Tata Power needs by […]

Malaysia’s MMC to build first Gulf coal power plant

The United Arab Emirates has signed a deal worth up to $2 billion for Malaysia Mining Corp Bhd to build the Gulf’s first coal-fired power plant. The UAE sits on around 3.5 percent of the world’s total gas reserves and is the fifth-largest oil exporter. But like other big oil exporters in the region, the […]

Nations with vast oil wealth gaining clout

The boom in world oil prices is bolstering autocratic governments in a handful of petroleum-rich countries, emboldening them to challenge U.S. objectives and weakening their own democratic movements. The cost of a barrel of oil has climbed dizzyingly, from $80 in September to more than $147, before settling Wednesday at $134.60. Some analysts expect it […]

IRL: Biofuels targets should be scrapped, says Labour

The Labour Party has called on the Government to scrap its current biofuels targets over concerns about their impact on world food prices and the environment. The party’s spokeswoman on energy Liz McManus said earlier today that the Government should move towards a more modest target where biofuels provide 4 per cent of all transport […]

Czechs dealing with Russian oil cutback

With Russia cutting oil deliveries to the Czech Republic, a strategic decision made by Prague in the early 1990s to reduce its energy dependence on Moscow appears to be paying off. The Czech Republic was the only former communist country in the region to diversify energy sources immediately after the fall of the Soviet Union, […]

France Looks to Biofuel to Solve Energy Woes

Renowned the world over for its culinary tradition, France is now turning its cash crops and prized produce into biofuel, a shift that has some critics up in arms. As gasoline prices and environmental concerns mount, Paris believes that cleaner and more efficient biofuels are a recipe for success.“The French government thinks it’s a good […]

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