Kevin Rudd: Doing nothing is not an option for survival (Australia)

The science tells us that continued high levels of carbon pollution have led to global warming and if the world continues on a business-as-usual trajectory the consequences for us all will be significant. The economics tells us that the cost of responsible action is much less than if we as a planet fail to act […]

Oil inventories fall more than 3 times expected

Light sweet crude for August delivery rose $1.16 to $137.20 a barrel in NYMEX trading after a report from the Energy Department showed crude stocks fell by 5.9 million barrels during the week ended July 4. Oil was up 99 cents just before the report’s release. An estimate from Platts, the energy analysts division of […]

Why isn’t the price of gasoline even higher?

In the last year, the price of gasoline has risen by 38%. The prices of other fuels have risen much more–diesel has risen by 64% and jet fuel has risen by 91%, and the price of West Texas Intermediate (WTI) crude oil has risen by 100%. Why aren’t gasoline prices rising more than they are? […]

Russia limits oil, mining share sales to foreigners

MOSCOW (Reuters) – Russia laid down official limits on the sale to foreigners of shares in strategic and raw materials companies on Wednesday, giving new regulatory force to the government’s grip on Russia’s natural resources wealth. The new ruling by the state markets regulator codifies what the Kremlin has long made clear: the government is […]

Iran test-fires long- and medium-range missiles

TEHRAN, Iran (AP) Wednesday’s war games were being conducted at the mouth of the Strait of Hormuz, a strategic waterway where about 40% of the world’s oil passes through. Footage showed at least three missiles firing simultaneously, and said the barrage included a new version of the Shahab-3 missile, which officials have said has a […]

School cafeterias struggling to keep food on the table

Rising costs for fuel, food and labor are forcing school cafeterias nationwide to raise prices, cut jobs and, in some cases, dip into “rainy day” funds to put food on trays, according to congressional testimony to be delivered today. The U.S. Agriculture Department chipped in an extra dime a meal last week to help schools […]

Output plummets at huge Mexican oilfield

Production at Mexico’s Cantarell oil complex, one of the world’s largest, has plummeted by a third in the past year, an indication the country could lose self-sufficiency in oil in the medium term. Average daily production dropped to slightly more than 1m barrels a day in May compared with more than 1.6m b/d in the […]

The Next Generation of Cars: Gas-Free

For years, car manufacturers have thrown around ideas for gas-free cars, but most have gone nowhere quickly. General Motors introduced a fully electric car in 1996 that was scrapped a few years later, Honda recently unveiled a hydrogen-powered vehicle that cost a mere, oh, $1 million apiece to build, and Toyota’s next-generation Prius has a […]

Greed and dogma fertilize food crisis

The so-called demand-side arguments for increases in food prices – that consumption, especially consumption of meat and dairy has gone up in China and India – ignore a crucial point. While it’s true that changes, sometimes significant changes, have occurred in the diets of the middle class of both of those countries, the middle class […]

Polar bear harassment by oil companies challenged

Two conservation groups filed a lawsuit on Tuesday challenging the Bush administration’s decision to let oil companies unintentionally harass or harm polar bears and walruses off the northwestern Alaska coast. The lawsuit filed in U.S. District Court in Anchorage claims that federal officials violated laws designed to protect the animals and their sensitive habitat in […]

S Korea to take further steps to tackle oil price surge

South Korea will enforce extra energy-saving measures earlier than planned if international crude oil prices surpass 150 U.S. dollars per barrel, Yonhap news agency quoted the Ministry of Strategy and Finance as saying. According to the ministry, the second-phase contingency plan could include restriction of private-sector vehicles and outdoor lights usage in addition to possible […]

Russia’s uranium breakthrough

Russia has overtaken Niger to become the world’s fourth largest uranium producer, after Canada, Australia, and Kazakhstan. Russia received its new rating in 2007, when it produced 3,527 tons of uranium. It has ambitious plans to mover even further up the league, based on promising deposits in Eastern Siberia and other regions, and opportunities for […]

From Solar Energy to Electricity: A Growing BIPV Market with Great Potential

The Building Integrated Photovoltaics (BIPV) market is a growing sector in the environmental search for continued energy-saving building materials. Already a segment of the expanding Photovoltaics (PV) market, BIPV is becoming a popular way to use solar energy to generate electricity. In 2007 the PV market raked in approximately EUR 6.24 billion, with a growth […]

Scotland and Ireland to launch joint renewable energy study

Scotland and Ireland are to work together to harness the power of the wind, the waves and tides between the two countries from Cork to Kintyre. A feasibility study into offshore renewable energy projects, and how the power they generate could be transmitted to the respective national grids, is to be conducted by the Scottish […]

GM installs world’s biggest rooftop solar panels

The largest rooftop solar power station in the world is being built in Spain. With a capacity of 12 megawatts of power, the station is made up of 85,000 lightweight panels covering an area of two million square feet. Manufactured in rolls, rather like carpet, the photovoltaic panels are to be installed on the roof […]

Peak Oil: Crisis alters lifestyles

Aaron Newton has a foot in two worlds. Four days a week, the 33-year-old husband and father of two works as a land planner in Concord. In his free time, Newton prepares for a time when energy could become unreliable or too expensive for his family.“I don’t know exactly what is going to happen because […]

Opposition to ethanol plants may be ‘NIMBYism’

OTTAWA – The bloom is off the environmental love affair with ethanol. Most Canadians – 53 per cent, up from 45 per cent last year – would now oppose construction of a local ethanol plant, according to the Saint Consulting Group’s second annual national survey of responses to various real estate developments. However, the opposition […]

Why Europe backpedals on biofuel targets

Europe is signaling a retreat from its bold commitment to biofuels as concern mounts that the plant-based alternative to gas and diesel, once heralded as a panacea for climate change, is contributing to spiraling global food prices. Officially, the 27-nation European Union is sticking to a target that will require 10 percent of motor vehicle […]

Report urges U.S. to embrace nuclear power growth, despite risks

WASHINGTON, July 8 (UPI) — A report from a State Department advisory panel says a coming large expansion in global nuclear power generation poses proliferation risks, but the United States must embrace it to ensure that nuclear supplier nations build safeguards into the growing market. The report highlights division among experts about the future of […]

Pelosi Asks Bush to Draw From Petroleum Reserve to Combat Surge in Oil Prices

House Speaker Nancy Pelosi asked President Bush on Tuesday to draw down a portion of the country’s Strategic Petroleum Reserve as a way to reduce crude prices and help motorists who are suffering from the rising cost of gasoline. The House Republican leadership responded to Pelosi’s proposal by noting that she was supporting a supply […]

Alberta to spend billions to cut emissions

CALGARY, Alberta (Reuters) – The oil-rich Canadian province of Alberta said on Tuesday it will put C$4 billion ($3.92 billion) into two funds that will be used to pay for carbon capture and storage programs and to boost use of public transit to cut the province’s carbon-dioxide emissions. The Alberta government said it will set […]

Suit seeks ban on oil companies disturbing wildlife

ANCHORAGE, Alaska (Reuters) – Two environmental groups on Tuesday filed a lawsuit seeking to overturn new federal regulations that grants permission to oil companies working in the Chukchi Sea to disturb the polar bears and walrus that live there. The lawsuit, filed in U.S. District Court in Anchorage, challenges regulations issued last month by the […]

G-8 Failure to Set Course on Emissions Threatens Climate Fight

July 9 (Bloomberg) — The Group of Eight’s climate-change strategy may fail to contain rising temperatures that threaten to cause more floods, droughts and storms. The world’s richest countries, which are responsible for almost half of the world’s emissions, yesterday pledged to reduce the production of heat-trapping pollution by at least 50 percent by 2050. […]

Brazil ethanol, sugar mills miss the commodity boom

SAO PAULO (Reuters) – Record ethanol consumption in Brazil, surging exports of the biofuel to the United States and a recovery in sugar and ethanol prices will not be enough to pull local mills’ margins out of the red, producers said. Sugar and ethanol prices have started to improve since December as investment fund buying […]

Bursting Bubbles Mean Inflation to Give Way to Deflation

Widespread is the notion that inflation is back for good. Many assume that the relative price stability of the past two decades has been irrevocably shattered by “peak oil” and the surging demand by developing economies. Improvement of living standards in those developing countries has caused, and will continue to cause, increasing demand for calories, […]

Agency calls on Congress to end drilling ban

WASHINGTON (Reuters) – Lifting the congressional ban on offshore drilling would likely increase U.S. oil and natural gas production above the government’s current estimates, the U.S. Interior Department said on Monday. Based on data more than 25 years old, the Interior Department estimates that drilling on federal lands off the U.S. coasts could produce 18 […]

Peak Flows – Part 2

It’s the flows stupid! Peak oil should be renamed to peak flows. Peak oil is seen by the majority of the public, at least those who have at least become conscious of the term, is the date when we run out of oil. Since oil is “everywhere” with new discoveries being announced every week they […]

Oil: The New Reality

Rising oil prices are pinching the wallets of consumers worldwide. And although oil may be in for some short-term drops, most experts agree that the days of cheap gasoline are gone and prices will continue to climb steeply over the long term. Can oil production keep up with rising demand, particularly from India and China? […]

Europe faces fresh New Year Russian gas crisis

HONG KONG (Reuters) – A fresh New Year energy crisis is brewing in Europe as Russia prepares to foist an indigestible price rise onto Ukraine, putting European supplies at risk, a leading expert on the sector warned on Tuesday. Jonathan Stern, director of gas research at the Oxford Insitute of Energy Studies, said Russia’s pledge […]

Pickens Sticks with $150 Oil; Could Fall to $100

Legendary oil investor Boone Pickens stood by his forecast that oil prices will hover around $150 a barrel now and told CNBC that they may fall to about $100 in two years. “I’ll stick with $150 (per barrel),” Pickens, who is also CEO of BP Capital, told “Squawk Box”. “Demand going down, that’s what will […]

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