Experts: EU, US must reconsider biofuel policy

BRUSSELS, Belgium (AP) EU agriculture commissioner Mariann Fischer Boel responded by promising to present plans next Tuesday for new financial aid to farmers in developing countries to buy fertilizers and seeds to boost production. She gave no details on the value of the package but said it would come from unspent EU farm funds. Fertilizer […]

Europeans’ reservations about nuclear energy on the decline: survey

BRUSSELS (AFP) The last time the survey was carried out in 2005 the figure was 37 percent. Agence France-Presse

Is Coal a 4-Letter Word?

Is coal a dirty word again? If you look at the coal sector’s performance yesterday — from the price of coal, to the coal companies themselves, and even to miners in general — anyone associated with the industry got covered in soot. The Dow Jones U.S. Coal Index tumbled 14% yesterday, leaving investors who hold […]

Speed limit idea said to save gas

State officials have floated an idea tossed out a few years ago like bad 1970s bell-bottoms: reducing speed limits to conserve fuel. Now, in this age of unbearably high gas prices, could 55 be the new 70? Gov. Jennifer Granholm didn’t embrace or rule out the notion Wednesday. A fellow Democrat, state Rep. Aldo Vagnozzi […]

Why Isn’t Natural Gas at $19.50 Per Mcf?

This article is a departure from the usual format, but I want to discuss the current price of natural gas and its sluggish behaviour against the booming oil price. Traditionally gas was evaluated at its energy content which, when compared to the energy content of a barrel of conventional oil, was about one-sixth. This traditional […]

South Asia adopts action plan on climate change

DHAKA (Reuters) – Environment ministers from South Asian countries adopted a three-year action plan on Thursday for regional cooperation to combat climate change effects. The meeting agreed to share information and best practices on nationally appropriate actions to mitigate carbon emissions, technology transfer, increasing climate change awareness and other areas. The meeting was also attended […]

Economy extends job loss streak

WASHINGTON (Reuters) – U.S. employers cut workers for a sixth straight month in June for the longest such streak since 2002 and the country’s vast service sector unexpectedly contracted, underscoring the economy’s frailty. The Labor Department said on Thursday that 62,000 nonfarm jobs were shed last month, bringing the number of jobs lost this year […]

Feds backtrack on solar energy moratorium

Solar companies went ballistic last month when the federal Bureau of Land Management slapped a moratorium on new applications to build solar energy plants on the 258 million acres that the bureau manages, mostly in California and 11 other Western states. Wednesday, the bureau reversed itself — lifting the moratorium.”We heard the concerns,” said BLM […]

Study: U.S. worst of G8 in addressing warming

BERLIN – The U.S. government has done the least among the world MSNBC

The Peak Oil Crisis: Assesing $200 Oil

Three months ago anyone talking about $200 oil was considered a fear monger, or worse, but things happen fast these days. In the intervening period, oil prices have risen by nearly $40 a barrel and show no signs of stopping. All of a sudden it has become fashionable to start talking about much higher prices […]

Warning from Energy Insider

I Jim is an acknowledged expert in the fields of electricity generation and transmission. This includes deep knowledge of new technology in the arenas of solar and wind power. One of Jim

Worried oil chiefs fail to find consensus

MADRID (AFP) – One of the energy industry’s biggest gatherings ended Thursday in the shadow of record crude prices, with concern growing about a third oil shock but with little consensus about what to do about it. Divisions between consumer and producer countries on who is to blame for 140-dollar oil appeared to sharpen at […]

Hot future shock: Heat wave temperatures to soar

WASHINGTON – During the European heat wave of 2003 that killed tens of thousands, the temperature in parts of France hit 104 degrees. Nearly 15,000 people died in that country alone. During the Chicago heat wave of 1995, the mercury spiked at 106 and about 600 people died. In a few decades, people will look […]

Don

Long-term climate change policy in the U.S. and abroad is likely to change very slowly, warns a researcher who calls for stronger short-term goals to reduce carbon emissions, according to a study published in Decision Analysis, a journal of the Institute for Operations Research and the Management Sciences (INFORMS). Prof. Webster writes that climate policy […]

Organizing an Earth Systems Science Agency

In an article published today in the journal Science, a group of former senior federal officials call for the establishment of an independent Earth Systems Science Agency (ESSA) to meet the unprecedented environmental and economic challenges facing the nation. They propose forming the new agency by merging the National Oceanic and Atmospheric Administration (NOAA) and […]

Israel: Kinneret Water Line Just Days Away From Red Line

With the water level of Israel’s largest reservoir dropping daily and only 6.5 centimeters away from the government’s Red Line, water experts continue to clamor for desalination. Following a relatively dry winter (rainfall was only 65% of average) and an early summer, the level of the Kineret (Sea of Galilee), now stands only 6.5 centimeters […]

Greer: Lessons from amateur radio

…One of the major achievements of the last two hundred years, it seems to me, is the emergence of communications networks that allow news and information to move from one side of the planet to another at a faster pace than messengers on horseback or sailing ships can travel. Though there had been plenty of […]

Oil price flies to record high beyond 146 dollars

LONDON (AFP) – The price of oil set a record high above 146 dollars a barrel here on Thursday owing to falling reserves of US crude, simmering tensions over Iran and a weak dollar, traders said. Russian energy giant Gazprom meanwhile forecast that oil would “very soon” hit 250 dollars a barrel. Brent North Sea […]

India truckers’ strike starts pinching farmers, consumers

A strike by Indian truckers, into its second day on Thursday, has begun to pinch Indian consumers and farmers as fruit and vegetable prices jumped 10 to 30 percent in wholesale consumer markets, traders said. In producing markets, prices have dropped by up to 10 percent following a halt in movement of goods, traders said. […]

India eyes $2.5 bln investment in Canada tar sands

Indian firms could invest $2-$2.5 billion for stakes in Canadian tar sands projects, a top official said on Thursday, as part of efforts to secure overseas energy assets to fuel the country’s fast-growing economy. Oil Secretary M.S. Srinivasan said at the World Petroleum Congress in Madrid the companies were looking to pick up holdings rather […]

Survey maps oil on Arctic shelf

The USGS plans to release a report on possible oil and gas resources to the north of the Arctic Circle by the end of July, said Donald Gautier, a research geologist at the agency. The study will map some potential “provinces” offshore Russia, Greenland, the United States and Canada, he said. Canada.com

Peace plans falter for Nigeria oil region

With unrest in the Niger Delta cutting into oil output, the Nigerian government has made peace efforts a priority, but has little to show for its first year — and little chance of a quick breakthrough. Its efforts suffered a major setback in recent days as the government’s choice of mediator was roundly rejected. Ever […]

Iran oil minister: attack response would be fierce

With Middle East tensions building, IranBostonHerald

Tropical Depression 2 forms in far eastern Atlantic

Tropical Depression Two formed Thursday over the far eastern Atlantic Ocean and could strengthen into a tropical storm later today, the U.S. National Hurricane Center said in an advisory. The NHC will name the next Atlantic tropical storm Bertha. The center of the depression was located about 250 miles south-southeast of the Cape Verde Islands. […]

Where Airlines Might Go Next for Cash

This holiday weekend, many travelers will get a first-hand look at the extreme measures that airlines are taking to raise revenue, cut costs and just remain in the air in these times of mind-bogglingly high jet fuel prices. They are charging passengers for bags, grounding inefficient aircraft and reducing their work force, all in an […]

Fuel prices keep many close to home

Four-dollar gas is making Phillip Foster homesick for the holiday. Two dozen relatives will flock to his grandma’s house in Wilson on Friday for a weekend of love and affection, basketball and barbecue. The family gets together each year for a two-day cookout to mark Independence Day and Foster’s birthday — he’ll turn 24 on […]

New pricing system, not adjustments, will curb China’s oil demand

In the face of high inflation rates and an eventful year, China is unlikely to bring domestic pump prices in line with their higher international counterparts in the near future. Instead, if crude oil prices continue their bullish run, authorities are likely to continue adjusting fuel prices by small increments periodically, while subsidizing the worst […]

The coming commodity-price collapse

The indirect consequence of the oil-price rise and the dollar-value drop is the largest increase in commodity prices since 1973. Commodities finished their best first-half year in 35 years. And what is unique about 1973? On October 17, 1973, Arab nations, including the Opec members, suspended all shipments of oil to countries perceived as supporters […]

Gazprom CEO stands firm on $250 oil, $1000 gas view

BAKU (Reuters) – Europe’s bill for Russian gas supplies will rise by a quarter by the end of 2008 and will eventually double, the head of Gazprom (GAZP.MM: Quote, Profile, Research, Stock Buzz) said on Thursday, repeating his view that oil will rise at least $100. Alexei Miller told reporters during a trip to Azerbaijan […]

Petrobras’s Tupi Viable at Third of Current Oil Price

(Bloomberg) — Petroleo Brasileiro SA’s Tupi field is commercially viable at an oil price as low as $40 to $50 a barrel, according to the Brazilian state-controlled company’s chief executive officer. The field is viable “in the range of one-third of the current price,” Petrobras CEO Jose Sergio Gabrielli told reporters today at the World […]

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