Russia power firms turn away from coal as cost surges

MOSCOW, July 7 (Reuters) – Russian power producers expect coal prices to follow the cost of gas sharply upward in the coming years, and are switching away from coal as much as possible, said the head of one of Russia’s largest power firms. SHIFTING AWAY Electricity officials say that the situation on the coal market […]

Green Solution To Biofuel Production: Enzymes From Plants

ScienceDaily (July 8, 2008) Science Daily

If we’re playing the oil blame game, let’s find the right culprit

By all means blame high fuel prices on Opec, geo-political uncertainty, gouging oil companies, speculators, the Government or anyone else if it makes you feel better. But don’t overlook supply and demand. Three years ago, when oil was US$56 a barrel, I pointed out that over 50 countries were producing less oil than they had […]

Bush Iraq oil policy

Eight universities were in the running to get the Bush Presidential Library but Hunt Oil Co. head Ray Hunt, of Dallas, an economics major from Southern Methodist University, co-chaired the SMU search effort and came out on top. His long time pals-ship with “The Decider” may have had more than a bit to do with […]

New war brewing: U.S., Israel take dangerous steps

The U.S., Israel and Iran are playing a very dangerous game of chicken that soon could result in a new Mideast war. … Intensifying activity is evident at U.S. bases in Europe and the Gulf, aimed at preparing a massive air blitz that may include repeated attacks on 3,100 targets in Iran. Other sources say […]

No hard targets for major economies in draft statement on climate change

RUSUTSU, Japan “We believe that it would be desirable for the parties to adopt in negotiations under the (United Nations Framework Convention on Climate Change) a long-term global goal for reducing global emissions, taking into account the principle of equity,” the draft statement says. Canadian Press

High natural gas costs expected to boost heating bills this winter

Consumers should expect energy price sticker shock to continue well past the summer driving season, as pain at the pump is poised to give way to furnace frustration next winter. The price of gasoline, above $4 for the past month, is on people Natural gas futures have jumped 82% since the start of the year. […]

Gas prices still on record run

National average price for regular gas rises to $4.108 a gallon. Alaska has the highest prices while South Carolina has the least expensive gas. NEW YORK (CNNMoney.com) — Retail gas prices have risen to a record high for the eighth day in a row, a daily survey by auto club AAA showed Monday. The national […]

Peak Oil Review — July 7th, 2008

1. Production and Prices 2. The World Petroleum Conference 3. The IEA’s Medium-Term Market Report 4. Energy Briefs 1. Production and Prices The week started with the oil markets focused on the bombast surrounding the Iranian nuclear situation and a fall in the dollar sending oil to a then all-time intra-day high of $143.67 a […]

Are We in the Peak of an Oil Bubble?

Since 2003, worldwide oil prices have quadrupled. According to a new study, the price of oil is rising at a faster-than-exponential rate, and cannot be sustained. In other words, we Physorg

New Iraq army unit to repair oil pipelines quicker

TAJI, Iraq, July 7 (Reuters) – The Iraqi army has formed a new battalion that aims to cut the time taken to repair damaged oil pipelines by half, an army official said on Monday. Iraq’s hundreds of kilometres (miles) of oil pipelines have often come under attack by insurgents seeking to disrupt the flow of […]

Time for Plan B: Cutting Carbon Emissions 80 Percent by 2020

When political leaders look at the need to cut carbon dioxide emissions to curb global warming, they ask the question: How much of a cut is politically feasible? At the Earth Policy Institute we ask a different question: How much of a cut is necessary to avoid the most dangerous effects of climate change. We […]

Acidifying Oceans Add Urgency To Carbon Dioxide Cuts

It’s not just about climate change anymore. Besides loading the atmosphere with heat-trapping greenhouse gases, human emissions of carbon dioxide have also begun to alter the chemistry of the ocean–often called the cradle of life on Earth. The ecological and economic consequences are difficult to predict but possibly calamitous, warn a team of chemical oceanographers […]

Rubber ‘Snake’ Could Help Wave Power Get A Bite Of The Energy Market

A device consisting of a giant rubber tube may hold the key to producing affordable electricity from the energy in sea waves. Invented in the UK, the ‘Anaconda’ is a totally innovative wave energy concept. Its ultra-simple design means it would be cheap to manufacture and maintain, enabling it to produce clean electricity at lower […]

Greenland meltwater will take slow wave around globe

Pacific nations threatened with disappearing beneath the waves as sea levels rise have been given a partial reprieve … Fifty years after the meltwater is released from Greenland, Stammer’s model predicts, sea-level rise could be 30 times greater around Greenland and down the eastern side of North America, including the Gulf of Mexico, than in […]

With Gas Over $4, Cities Explore Whether It’s Smart to Be Dense

…For decades, backers of “smart-growth” planning principles have preached the benefit of clustering the places where people live more closely with the businesses where they work and shop. Less travel would mean less fuel consumption and less air pollution. Several communities built from scratch upon those principles, such as Celebration in Florida, sprouted across the […]

Why oil costs over $140 per barrel: the failure of leadership

The leaders of the G7 have been howling about high oil prices. They have been to Jeddah to beg OPEC to produce more oil. They have tried to blame speculators for bidding the price up. They do seem to understand that prices are high owing to a growing imbalance between supply and demand at the […]

Pemex Cuts Crude Supply to Shell, Valero Refineries in Texas

(Bloomberg) — Petroleos Mexicanos, Mexico’s state- owned oil company, reduced the amount of crude oil it supplies to Texas refineries operated by Royal Dutch Shell Plc and Valero Energy Corp. as falling production curbs exports. The guaranteed amount of Mayan oil for a Deer Park, Texas, refinery jointly operated with Shell, Europe’s biggest oil company, […]

Oil’s Rapid Rise Stirs Talk of $200 a Barrel This Year

Long List of Factors Keeps Prices High; Releasing Reserves? Oil’s historic ascent from $100 to nearly $150 a barrel in just six months is lending weight to a far grimmer prediction: Crude could reach $200 a barrel by the end of the year. Oil at that price would wreak deeper havoc on the world’s airlines […]

Where We’re At (Kunstler)

Every time I saw a car towing a motorboat this holiday weekend, I wondered what was going through the head of the towee. Did they have a sense that darkness was falling on their careers in motor sports? Did they have an inkling that an oil-and-gas crisis is upon us and just not give a […]

Will gas prices drive homebuyers away from suburbs?

As he gassed up his 2002 Honda Civic recently, David Underwood found himself at the intersection of two priorities: transportation costs and housing. Paying $53 for a tank of gas to commute from his Kirkland rental condo to his Seattle job, Underwood realized that price set a “personal best” he’d rather not repeat. That’s why […]

A dose of pessimistic reality: There’s a storm on the horizon (Canada)

Even if you don’t own a vehicle or a home, relentlessly rising oil and gas prices are hammering your budget. That’s because energy costs are internalized in almost everything you buy and everything you do. Parents are seeing increases in the cost of Huggies diapers, bakers are paying more for plastic packaging, homemakers are paying […]

Is oil independence an illusion?

year to move from the 1776 Declaration of Independence to the Treaty of Paris, in which Great Britain ceded control of the land east of the Mississippi to the young country. In 1973, Richard Nixon set another seven-year challenge: the U.S. would achieve independence from foreign sources of energy by the end of the decade. […]

Russian parliament approves tax cut for oil producers

Russia’s parliament on Friday approved a tax cut that would save Russian oil majors billions of dollars as part of measures to boost production amid record prices, news agencies reported. Deputies in the lower house voted in the third and final reading to raise the tax-free threshold on oil production from $9 to $15 per […]

Residents unite to fight oil costs

ELIOT, Maine SeaCoastOnline

Another carrier goes to the wall

Sky-high operating costs on account of record oil prices are bringing more casualties as carriers brace for a protracted slump. Freighter leasing outfit Gemini Air Cargo filed for Chapter 11 bankruptcy protection in an effort to restructure out of reach of creditors and find fresh investment. The US carrier has a fleet of MD-11 and […]

Ivory Coast Increases Fuel Prices by as Much as 44%

Ivory Coast, the world’s biggest cocoa producer, raised fuel costs by as much as 44 percent, prompting concern from a labor union that growers may be forced to cut prices of the crop. The price of diesel will rise to 785 CFA francs ($1.87) a liter (0.3 gallons), from 545 francs, while gasoline prices will […]

Fuel Prices Sink Some Hawaii Fishermen

Fishermen are paying in the thousands to fuel their boats. And as gas prices continue to soar – their businesses are beginning to sink. Down the line that could make a difference at your dinner table On the auction block – fresh island fish is sold to the highest bidder. But those paying the highest […]

Frontline Income at Risk as Record Oil Hits Shipping

Oil prices that generated record shipping fees for Frontline Ltd., and the rest of the tanker industry, may reduce corporate earnings as demand growth slows and a new armada enters the market. Frontline, the world’s biggest oil shipper, led the five- member Bloomberg Tanker Index to its best quarter in almost four years. Now the […]

Gas Stations Hit Skids

Higher Costs Close Nearly 3,000 in a Year A sign advertising gasoline for only $3 a gallon — almost a dollar less than at nearby gas stations — lures drivers into an Exxon station in a busy commercial strip in this prosperous town north of Dallas. But when they pull in, they find the station’s […]

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