Homeowners who use heating oil seek alternatives

Mark Bancroft is already counting his savings from a European-made wood pellet furnace he’s buying to replace the oil furnace in his home. Bancroft burns about 1,100 gallons of heating oil a year, which would cost him about $5,000 at today’s record-high prices. With pellets, he expects to use about 8 tons at $250 a […]

As gas costs keep rising, look at ways to fight back

With gas prices hovering above $4.50 per gallon and with the growing likelihood that those prices may rise to $7 or more in the near future, the time has come for America to declare war. SignonSanDiego

Canada should play big role in new world oil order: IEA

Canada could play a crucial role in helping to alleviate the current international energy crisis if it continues to expand Alberta oilsands production and considers allowing exploration off B.C.’s pristine coastline, according to a senior official with the International Energy Agency. But IEA chief economist Fatih Birol acknowledged there are major environmental considerations that weigh […]

Guatemala added to Venezuelan oil pact

MARACAIBO, VENEZUELA “It is an obligation to help the weakest” countries, Chavez said in a televised address. “The United States would pay us $200 a barrel for oil – give it to me then,” said Chavez, whose nation is the world’s 10th largest oil producer. “Now Haiti, no. Haiti gets preferential treatment. Socialism says: To […]

When ends won’t meet

Soaring gas prices mean financial hardship, major cutbacks for low- and middle-income households Jacqueline Gonzales and her husband, David, a machine operator, can’t imagine how they could cut a dime more out of a budget that allows them just $15 every two weeks for their big splurge: takeout from McDonald’s. Saddled with payments on a […]

Despite 800 billion barrel potential, oil shale a hard sell

…If the oil industry can learn how to extract oil and gas from the oil shale in a cost-effective manner, the United States could lay claim to oil reserves totaling, perhaps, 800 billion barrels But the history of oil shale has been a story of grand plans and locked gates. And its future is anything […]

The Militarization of Energy Security II

…The possibility that access to energy resources may become an object of large-scale armed struggle is one of the most alarming prospects facing the current world system. The political stability of advanced societies, and the continued prospects for economic and social improvement in developing countries, are both linked to the operation of international energy markets. […]

Saudis can’t save us

Beseeching oil sheiks to open their spigots and bring back cheap oil for Americans doesn’t work any more There is only one thing I used to need to know to predict the price of oil: What was Saudi Arabia thinking? For decades, the Saudi oil minister could declare a target price and the market would […]

Iran discovers new oil field to hold 1 billion barrels of crude

TEHRAN (RIA Novosti) – A new large oil deposit with estimated reserves of more than 1 billion barrels of crude has been discovered in Iran, the Iranian oil minister said on Sunday. Gholamhossein Nozari said the oil field, located in the southwestern province of Khuzestan, is believed to contain 1.1 billion barrels of crude, with […]

Oiling the War Machine

Is the Iraq War a US response to Peak Oil? Is it a favor to Israel? Is it meant to bring US consumers cheap gasoline?, or to inflate oil prices that balloon the profits of US oil firms? Ismael Hossein-Zadeh posed these questions and gave his answers in an interesting article “Are They Really Oil […]

Welcome to a world with $500 oil

How far will the real price of oil and other carbon-based resources rise? Experts (I am not one of them) differ widely in their medium-term and long-term predictions, but my reading of the evidence suggests that there is a fair chance that the sky is the limit. In the short run (the next 2 or […]

NY electric bills surge as fuel prices soar

The high cost of fuel isn’t just hitting people at the pump. Electric bills have also been climbing this summer because of the rising cost of oil and natural gas. Rates have been going up across the country, but things have been especially harsh in New York, where power stations are more likely to burn […]

Severe stagflation is reality in Indian economy

IndiaIndiaDaily

As gas prices soar, a subculture of fuel conscious drivers has emerged

Erik Haltrecht has kept track of every fuel purchase he’s made at the pump since 2003. He’s not sure what made him become a “hypermiler” – a person who tries to conserve as much gas as possible – but he has a few ideas. It could be his career as an electrical engineer, his environmental […]

Pilots: Midwest Airlines seeks bankruptcy

Pilots for Midwest Airlines Saturday feared the U.S. airline would soon file for bankruptcy after failing to reach a collective bargaining agreement with them. Jay Schnedorf, chairman of the Air Line Pilots Association’s Midwest Airlines chapter, told the Milwaukee Journal Sentinel he believes Midwest is not bargaining in good faith and is instead is looking […]

Australia drought withers small towns

Australia is suffering one of its worst droughts on record, hurting wheat farming just as the world faces a food crisis. Australia is usually the world’s third or fourth-largest exporter of wheat. But exports dropped 46% from 2005 to 2006, then fell 24% last year. Most of its exports go to the Middle East and […]

Chomsky: Bush & Cheney Always Saw Iraq as a Sweetheart Oil Deal

The deal just taking shape between Iraq’s Oil Ministry and four Western oil companies raises critical questions about the nature of the U.S. invasion and occupation of Iraq — questions that should certainly be addressed by presidential candidates and seriously discussed in the United States, and of course in occupied Iraq, where it appears that […]

Green motorists face 20-week wait for eco-cars

Gordon Brown’s desire to have all UK motorists driving electric or hybrid cars by 2020 could be undermined by a shortage of the most popular hybrid models on the market. The increasing cost of fuel alongside the heavily discounted level of road tax for vehicles such as the Honda Civic Hybrid or Toyota Prius has […]

Ford SUVs sales ride high in Middle East

Ford, Lincoln and Mercury retail sales grew by 21 per cent in the Middle East during the first half of 2008, setting a record performance for the three brands across the region. Led by a strong surge in Ford utility vehicle sales (up by nearly 50 per cent), the results show an increased consumer preference […]

Energy war: India and China face off in Central Asia

Call it a diplomatic fandango. Heavy-duty Chinese bulldozers groan day and night, building motorable roads that will connect towns with cities in Kazakhstan. In the countryside, Russian engineers are busy putting new cables on newly-erected towers to put a fresh spark into the rusty, unreliable electrical grid. On the streets of Tashkent and Dushanbe, Bollywood […]

UAE’s oil reserves to last 92 years: IEA

The United Arab Emirates (UAE) has total oil reserves of around 98 billion barrels of crude and, at current rates of exploitation, the stocks would last 92 years, the International Energy Agency (IEA) said in a report. UAE, which contributes about 7.9 per cent of the world’s total stocks, saw its average crude output rise […]

Shell’s U.S. chief sees need for ‘full basket’ of sources

[Interview] – I can bring the whole challenge down to five words: More energy, less carbon dioxide. The big challenge associated with the need for more energy is access. Advancement and development of alternative energies is clearly a challenge for us. We need to ensure that we have the right supply makeup of people with […]

Peak oil meets global warming

Oil production is peaking worldwide, at the same moment that global warming has emerged as the greatest environmental threat of the 21st century. This perfect storm has finally convinced the world that the time to act to avert disaster is now. Santa Maria Times

Bush Continues Push For More Offshore Oil Drilling

U.S. President George Bush wants Congress to expand offshore oil drilling to help bring down record high gasoline prices. VOA White House Correspondent Scott Stearns reports, opposition Democrats say oil companies should start by using the offshore leases they already hold. President Bush says rising energy costs are hurting the U.S. economy, so he wants […]

BP says oil may tumble if financial factors removed

SEOUL (Reuters) – Oil could face a “steep” fall if financial factors are removed from the current market, which gained around 40 percent this year, the chief economist at BP (BP.L: Quote, Profile, Research) said on Thursday. […]“If the financial investors move out of the market, then there could be a rapid fall, a steep […]

The Man Who Dared to Question Ethanol

Of course, much of the turnabout is attributable to relentless price increases at the grocery store that have caused many people to argue that the land used to grow corn for ethanol should be used for food instead. But the changing perceptions about ethanol have been helped along by the most unlikely of characters, a […]

Ethanol Byproduct Could Be Useful As Fertilizer And For Weed Control

ScienceDaily (July 12, 2008)

T. Boone Pickens

[Video] – Drawing pie charts and crude maps on a whiteboard, Pickens shows how the United States’ need to import 70 percent (and rising) of the oil it requires has been a national disaster. Short term, Pickens believes we should drill everywhere we can. “But don’t stop there, because we must do everything.” That includes […]

COAL POWER: Stress efficient carbon capture – and – storage

As global leader in energy technology, America needs to come up with a practical way to combat climate change that allows for the continued use of the world’s most abundant fuel: coal. Developing methods for more efficient coal combustion combined with the capture and underground storage of carbon emissions is the answer. Advanced clean-coal technologies […]

EPA says climate rules are the job of U.S. Congress

NEW YORK (Reuters) – The top U.S. environmental regulator on Friday declined to make rules to regulate planet-warming emissions under existing pollution laws despite a Supreme Court decision that has pressured his agency to act. Environmental Protection Agency Administrator Stephen Johnson said Congress should make rules to regulate emissions of carbon dioxide and other gases […]

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