Contaminated US site faces ‘catastrophic’ nuclear leak

More than 210 million litres of radioactive and chemical waste are stored in 177 underground tanks at Hanford in Washington State. Most are over 50 years old. Already 67 of the tanks have failed, leaking almost 4 million litres of waste into the ground. There are now “serious questions about the tanks’ long-term viability,” says […]

UK: ‘Lights will go out’ by 2015 if Lords rejects Planning Bill

The lights will go out across the UK in seven years if the Planning Bill coming up for review this week is rejected in the House of Lords, according to a leading business trade body. It estimates the country needs It also accused the Conservatives of playing politics in opposing the Bill, with potentially damaging […]

Could sustainability lead to an authoritarian future?

Those who imagine humans eventually returning to agrarian societies also often imagine that such societies have the potential to be much more democratic and egalitarian than our current world. But, among those who imagine what I’ll call a sustainable industrial future, there is little discussion of future political arrangements. It is implied that we will […]

Russian researchers flee melting Arctic ice floe

MOSCOW – Russian scientists are evacuating a research station built on an Arctic ice floe because global warming has melted the ice to a fraction of its original size, a spokesman said. The North Pole-35 station, where 21 researchers and two dogs live in huts, will be taken off the floe in the western Arctic […]

Algeria & Morocco: Natural Gas Cartels, Fertilizer Mercantilism & Rising Tension

Algeria is one of the world Algeria: Algeria is an important exporter of both oil and natural gas (background .ppt on NG supplies to Europe). Algeria is Europe

White House: Bush to lift offshore drilling ban

Congress must still lift legislative ban before offshore drilling can start WASHINGTON – The White House says President Bush is planning to lift an executive ban on offshore oil drilling. In a Rose Garden statement on Monday, the president plans to lift the ban. But by itself, the move will not lead to more drilling […]

Oil Brings Americans Closer to OPEC Debtor Dependence

(Bloomberg) — Petroleum-exporting nations from Saudi Arabia to Russia are not only charging Americans record high prices for fuel, they are also poised to become the biggest creditor to the U.S. government. Holdings of Treasuries by oil producers and institutions such as U.K. banks that are proxies for Middle East nations rose 44 percent this […]

Russian navy boosts combat presence in Arctic

MOSCOW – The Russian Navy on Monday said it was boosting its combat presence in the Arctic, including near the Norwegian island of Spitsbergen, amid increased international interest in the region. “The Russian Navy has restored the presence of combat ships of the Northern Fleet in the Arctic region, including in the region of Spitsbergen,” […]

Jet Fuel Premium Collapse as Airlines Ground Fleets Weakens Oil

(Bloomberg) — Jet fuel’s 100 percent rise over the past year to a record $4.36 a gallon is setting the stage for its decline in the next six months. AMR Corp.’s American Airlines Inc. and UAL Corp.’s United Air Lines Inc. are among carriers readying their biggest cutback in fuel use since 1991 because of […]

Italy and Britain eye nuclear power potential

PARIS (Reuters) – Italian Prime Minister Silvio Berlusconi said on Sunday oil-consuming countries should meet to fix a maximum price they were prepared to pay for oil or they would have to invest heavily in nuclear power. Berlusconi denounced the “unfair” movement of wealth from consumer nations to oil-producing countries and the “exponential” rise in […]

Panic Grips Tel Aviv Stock Market

(IsraelNN.com) Investors, frightened by the rapidly deteriorating financial situation in the United States, dumped stocks Sunday and drove down indices two to four percent. Teva Pharmaceuticals sank by more than six percent following problems with one of its leading generic drugs and lawsuits.

Israel National News

Say good bye to the good old days

Randall Denley explains why we’re going to look back at the past 20 years and wonder at how good we had it Here’s what we know for sure about the latest energy crisis. The cost of virtually everything is going up. Our freedom to roam anywhere we want by car or by plane is being […]

Venezuela says it will stop sending oil to US if Exxon freezes assets

MARACAIBO, Venezuela (AP) – President Hugo Chavez says if Exxon Mobil Corp. dares to freeze Venezuela’s assets, he will not sell any more oil to the United States. Chavez said Sunday that while the U.S. oil giant lost an international court case to freeze the assets in March, it is still trying. He said that […]

Energy stocks poised to catch up with surging oil

PARIS (Reuters) – European oil shares have been tracking a sell-off in stock markets since May as surging crude failed to provide a boost to the sector, but a rally could be near if investors believe high crude prices are here to stay. Market watchers argue that stock analysts, who take a bottom up approach, […]

Algeria invites bids for oil/gas exploration

ALGIERS (Reuters) – OPEC member Algeria unveiled details of its 7th exploration and production licensing round on Sunday, inviting prequalified companies to bid for acreage with what it called high petroleum potential. The deadline for bids for 16 zones containing 45 blocks was 1000 (0900 GMT) on 3 December 2008 and the winners would be […]

Indonesia, Brazil say to cooperate on biofuel

JAKARTA, July 12 (Reuters) – The leaders of Indonesia and Brazil agreed on Saturday that their developing nations, home to much of the world’s remaining tropical forest, would cooperate on biofuels after talks covering climate change and food. The two nations signed an agreement for Indonesia to send experts to Brazil to study its biofuel […]

Eight new nuclear power stations planned for England

Ministers are to build eight new nuclear power stations across England, the Daily Telegraph can disclose. The new nuclear plants will mainly be based alongside existing facilities and are expected to be constructed over the next decade. New planning laws will be used to fast-track approval for the nuclear plants which Gordon Brown believes are […]

U-brew biofuel

Imagine powering your car on a clean-burning fuel that costs about 35 cents a litre. Imagine exhaust that smells like buttered toast. Imagine that you can make it yourself — no more complicated, really, than mixing up a batch of cupcakes. With a few simple ingredients, a pair of gloves, a processor and a knack […]

Future role for coal

A coal industry spokesman this week said he was “encouraged” by leading nations’ target for greenhouse gas reductions. At a summit of the Group of Eight industrial nations in Toyako, Japan, leaders agreed to cut greenhouse gas emissions in half by 2050, according to the Associated Press. Stephen Gates, senior communications director for the American […]

Markets to sail in rough waters if oil skyrockets to $150 a barrel

The stock markets may witness a sharp fall if the prices of crude oil touch the psychological mark of $150 a barrel on the New York Mercantile Exchange (Nymex). Crude hit a life-time high of $147.9 a barrel on Friday. The prices have jumped by more than $10 a barrel since July 9. “Panic selling […]

Let ‘peak oil’ concept lead to peaks in other undesirable trends

As doomsday scenarios go, “peak oil” is pretty frightening. It’s not as dramatic as, say, an asteroid hurtling in from space. But with gasoline at $4.25 a gallon and our economy in shambles, it’s gaining a sobering amount of currency. Peak oil is a theory, a year ago on the conspiratorial fringes of the Internet, […]

The G8 fiddles while petro-civilization burns

…The Pulitzer Prize-winning Tuchman made a career of tracking human idiocy across the millennia. Her thesis in The March of Folly is that even when political leaders have the information they need to make an intelligent decision, and know what decision ought to be made, they consistently fail to make it. They act against both […]

Governors talk of moving beyond corn-based ethanol

PHILADELPHIA (AP) And they’re also not talking about replacement so much as supplementing: using switchgrass or wood waste products, for example, along with corn. Still, the conversation

OMCs warn government of diesel shortage (Pakistan)

The Oil and Marketing Companies (OMCs) have warned the government that country would be facing acute diesel shortage because of their inability of future investments and the looming danger of closing down operations after their profit margin is frozen, sources in petroleum ministry told Daily Times Saturday. The ministry has prepared a summary to freeze […]

India headed towards diesel shortage

When diesel ran out of supply from fuel stations in Chennai and Bangalore recently, it was the first indication that the country is headed for a shortage of the most popular fuel in the country. The demand for diesel is rising at 25 per cent annually, while the crude oil refiners are capable of catering […]

Chinese firm to build $1 billion road in Nigeria oil hub

One of China’s top engineering firms has signed a $1 billion deal to build a road around the volatile Nigerian city of Port Harcourt, the hub of Africa’s biggest oil industry, the AFC development bank said on Sunday. The deal makes Beijing a key development partner in the Niger Delta, home to Nigeria’s 2.1 million […]

Mexico centrists like oil contract plan, eye graft

key Mexican opposition party could back a central part of a government plan to boost private investment in oil drilling, but wants tweaks to the proposal to prevent corruption, a lawmaker said on Wednesday. President Felipe Calderon, a conservative, has presented his oil reform plan to the divided Congress as a way to reverse a […]

UAL to post $US2.7b cost on writedown

United Airlines parent UAL will record second-quarter costs of as much as $US2.7 billion to reduce the value of all its assets and pay employee severance. The cut in so-called goodwill will produce a non-cash charge of as much as $US2.3 billion, UAL said in a US regulatory filing. Payroll cuts will produce $US82 million […]

Iran, Russia’s Gazprom sign energy cooperation deal

Iran and Gazprom Sunday signed an agreement that would see the Russian energy giant help the Islamic republic develop its oil and gas fields, the oil ministry’s Shana news agency reported. “Iran’s national oil company and Gazprom signed an agreement in which the two sides will cooperate in the development of Iran’s oil and gas […]

Bush, Democrats bicker over soaring energy prices

President Bush on Saturday tried to pin the blame on Congress for soaring energy prices and said lawmakers need to lift long-standing restrictions on drilling for oil in pristine lands and offshore tracts believed to hold huge reserves of fuel. “It’s time for members of Congress to address the pain that high gas prices are […]

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