Developing nations reject G8 targets on climate

TOYAKO, JAPAN

Biofuel Researchers See Bright Future

The increased use of corn-derived ethanol and other bio-fuels has been blamed for rising food prices worldwide. But defenders of these fuels say their impact on food prices is being exaggerated and that new fuels under development will largely bypass that problem in any case. VOA’s Greg Flakus has more on the story from College […]

In Japan, Resistance Rises To Nuclear-Power Plans

KARIWA VILLAGE, Japan — As global interest in nuclear power grows, Tokyo Electric Power Co.’s struggle with the world’s largest nuclear plant — shut down after an earthquake a year ago — illustrates how tricky and expensive operating such facilities can be. The high cost of fossil fuels and nuclear plants’ low greenhouse-gas emissions are […]

Captured: first tonne of dirt from clean coal plant

Australia’s first “clean coal” plant is finally up and running, with scientists announcing yesterday that the first tonne or so of carbon dioxide was captured and liquified at Loy Yang power station in Victoria. A similar plant at Munmorah on the central coast is yet to show results, although the switch was ceremonially flicked last […]

Airlines: Curb oil speculation

NEW YORK (CNNMoney.com) — Hundreds of grounded planes. Thousands of lost jobs. Nearly two dozen price hikes. Record oil prices have battered the airline industry, and Wednesday the airlines called on Congress to act. In an open letter to all airline customers, CEOs from 12 of the nation’s airlines said lawmakers must curb excessive speculation […]

Energy Independence: The Final Frontier

Energy independence is as vital as oxygen to the health of the US economy. Wind energy, solar energy, fuel efficient cars, (it took Congress 32 years to recently pass this bill), fuel cells, hydrogen power, all sorts of alternative energy must be at the forefront of government policy. The US can do it, this country […]

Prepare for Oil Crisis

If reporter Morgan Josey Glover’s “Peak Prospects” series wasn’t enough of a wake-up call concerning America’s shaky future with oil, take a look at what happened when Hurricane Katrina affected energy supplies in North Carolina. Similar disruptions could occur during “peak oil,” the time when global demand for petroleum products exceeds supply, creating higher prices, […]

Economic chill looms heavy over Ireland, Vancouver

Warning signs ignored by many spend-crazy British Columbians “You guys should stop spending money on gadgets,” said my father to my brother and me last week. My brother was examining my sleek, video and wireless-enabled MP3 player. “You’re going to need your money for gasoline and food.” My father, in his 80s, doesn’t understand why […]

The Toxic Consequences of the Green Revolution

In India, farmers find that benefits of pesticides and herbicides may come at a tragically high cost JAJJAL VILLAGE, INDIA As driving their actions, the new organic farmers cite the rising costs of seed, fertilizer, and pesticides, and concerns that decades of chemical use is ruining the soil. But many are also revolting against what […]

SUV sales plummet as gas costs rise (Canada)

Even in these days of climbing gas costs, eastern Ontarians are still buying bigger vehicles for a variety of reasons; sometimes out of necessity they say, but there’s an undercurrent of guilt. Cornwall Auto Sales’ Mike Benoit said locals tend to purchase sport utility vehicles (SUV) nowadays for substance more than style. “People buy SUVs […]

Fuel price marches hit S Africa

Trade unionists in South Africa have been taking to the streets to protest at the rising costs of fuel and food. The day of action in Kwa-Zulu Natal and Western Cape provinces was organised by the Congress of South African Trade Unions (Cosatu). Cosatu plans to stage two more protests in other provinces before organising […]

Iran’s president blames US, Europe for oil crisis

Iran’s president again took aim at the West, blaming the U.S. and Europe for “artificially” raising oil prices and dismissing as “a funny joke” fears that his country could come under attack. Hours later, on Wednesday, Iranian state television reported that Tehran had test-fired nine long- and medium-range missiles during war games. The report quoted […]

Crude oil price hike plagues plastic makers

Plastic products and engineering parts manufacturers are finding it difficult to procure the raw materials required for production in the wake of a 30-35 per cent hike in prices. Shiva Polyplast Private Ltd, a company which manufactures and sells household plastic products for both domestic and international markets, is experiencing a sudden drop in sales. […]

School lunch programs hit by food prices

Add schools to the list of places hit hard by rising food prices. The school lunch program AP

Northwest Air to Cut 2,500 Jobs to Blunt Fuel Costs

Northwest Airlines Corp., the carrier being bought by Delta Air Lines Inc., will eliminate 2,500 jobs to counter record fuel costs. The reductions represent about 8.1 percent of the 31,000- person workforce at Eagan, Minnesota-based Northwest, which said today it will rely first on voluntary steps such as leaves to pare the number of dismissals. […]

High-speed trains seize short-haul market as fuel cost cripples the airlines (UK

The airline industry has been crushed by the price of kerosene and deserted by passengers fed up with delays. After decades of disappointment, false dawns and virtually bankrupt Channel Tunnels, we have finally arrived at the age of the train and the evidence is in the crowd at St Pancras. Only eight months after opening […]

Shell Resumes Full Deliveries of Nigerian Bonga Crude

Royal Dutch Shell Plc, Europe’s biggest oil producer, resumed contracted deliveries of crude oil from Nigeria’s offshore Bonga field, which was shut after a militant attack last month. Shell lifted a “force majeure” declaration on Bonga exports today, spokesman Rainer Winzenried said by telephone. Force majeure is a legal clause that allows producers to miss […]

Russian official downplays stagnating oil production

A top government official shrugged off concerns Wednesday over Russia’s stagnating oil output, saying several new fields are expected to come on stream by the end of the year. Deputy Prime Minister Igor Sechin ( chairman of state-owned oil major Rosneft) told a briefing that he was PR-Inside

Has Fossil Fuel Consumption Within the EU Peaked?

One thing that caught my attention some time back was the perceived lack of interest for energy questions, usage and supplies within the European Union (EU) compared to the USA. As this post will show the likelihood that the EUTheOilDrum

A Peak Oil Prophet Imagines Life in America After Wal-Mart

James Howard Kunstler’s new novel describes a small town in upstate NY where a chain of global crises has forced the community to fend for itself. Michelle Nijhuis: So you’ve wrestled with peak oil, climate change, and disease in nonfiction books. Why did you decide to address them in a novel? James Howard Kunstler: I […]

$4 gas helping revitalize small towns

Rural residents choosing local shops over distant malls THOMASVILLE, Ala. – Residents in once-sleepy Thomasville have started complaining about traffic jams on Route 43, which runs right through the town. Much of the new traffic is coming from shoppers, squeezed by $4-per-gallon gas, who are staying closer to home instead of driving 100 miles each […]

Iran reportedly test-fires 9 missiles

One day after threatening to strike Israeli and U.S. interests if attacked, the Iranian Revolutionary Guards were reported Wednesday to have test-fired nine missiles, including one that Tehran claims has the range to reach Israel.

State-run media, quoted by Western news agencies, said the tests near the Strait of Hormuz included long- and medium-range missiles, among them a new version of the Shahab-3, which Tehran maintains can hit targets 2,000 kilometers, or 1,250 miles, away.

International Herald Tribune

Forced Commodity Long-term Investment liquidations Coming?

The CFTC is looking at changing commodity rules to force big funds to disgorge multi thousand contracts positions. The CFTC stated the commodity markets are not geared to have big funds sitting on long term positions of thousands of commodity contracts for long periods for foods and so on. We could be looking at a […]

Top Democrat may back new offshore drilling: report

NEW YORK (Reuters) – A top U.S. Democratic senator said in a newspaper interview published Wednesday that he would consider supporting opening up new areas for offshore oil and gas drilling. “I’m open to drilling and responsible production,” Senate Majority Whip Richard Durbin told The Wall Street Journal, adding that Senate Majority Leader Harry Reid […]

Argentina’s military threat raises fears over Falklands

Argentina raised the prospect of posting military forces in the Antarctic region yesterday, with the announcement of plans to use troops to defend its interests. President Cristina Fernandez de Kirchner told defence chiefs that Argentina must be prepared to assert its sovereignty and protect its natural resources, as nations compete to claim areas of the […]

Feast During Famine

Shoppers are trading in prosciutto and buffalo mozzarella for peanut butter and jelly. Economic downturns generate at least one kind of plenty: A bountiful supply of news stories about consumers cutting back. Whether it’s carpooling, staying in on Saturday nights or visiting Mount Rushmore instead of the Eiffel Tower, there are plenty of ways to […]

Drivers say demand on natural gas pumps showing

Drivers in cars that run on natural gas aren’t dealing with the skyrocketing cost of gasoline. But they’re having a harder time filling up the tank. Some drivers say they’re running into problems with pressure when they try to pump the fuel into the specialized vehicles. They say the stations that offer natural gas aren’t […]

Global Fertilizer Demand May Rise 14% on Higher Food Demand

(Bloomberg) — Global fertilizer demand may rise 14 percent by 2012 as farmers increase plantings to benefit from high prices and growing food consumption, the International Fertilizer Industry Association said. Demand may increase to 193 million metric tons by 2012, from 169 million tons in 2007, the Paris-based industry group forecast today during a presentation […]

Mercedes Will Phase Out Petroleum – Powered Cars

In less than 7 years, Mercedes-Benz plans to ditch petroleum-powered vehicles from its lineup. Focusing on electric, fuel cell, and biofuels, the company is revving up research in alternative fuel sources and efficiency.

The engine can run on biofuels, and we may have a purchasable vehicle by 2010 — a year that seems to be popular for the debut of a lot of new alternative fuel car models, making

Funding, logistics slow cheers for in-state gas line

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