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News from July 2008

Japanese town blazes trail in clean energy

Japanese town blazes trail in clean energy thumbnail

KUZUMAKI, Japan (AFP) – In the mountains of northern Japan, wind, sun and even cow dung are being turned into electricity as part of efforts to turn a whole town into an experiment in renewable energy use. The town is a sprawling laboratory for the whole of the archipelago, which has almost no fossil fuels […]


A Compromise on the Drilling Question

A Compromise on the Drilling Question thumbnail

I have given a lot of thought to the issue of opening up new areas for drilling in the Outer Continental Shelf (OCS) and in the Arctic National Wildlife Refuge (ANWR). My position has always been to leave that oil in place for a very rainy day. I wanted to see major conservation efforts in […]


As oil price rose, exporters cut shipments

As oil price rose, exporters cut shipments thumbnail

The world’s top oil producers are currently proving unable to generate more barrels on demanding world markets, despite surging prices There are several reasons behind the net-export decline. Soaring profits from high price crude have fueled a boom in oil demand inside Saudi Arabia and across the Middle East, leaving less oil for export. At […]


Russian S-300 missiles ‘would ensure Venezuela’s oil security’

Russian S-300 missiles ‘would ensure Venezuela’s oil security’ thumbnail

MOSCOW (RIA Novosti) – Russian S-300 air-defense missile systems would enable Venezuela to fully ensure the security of its hydrocarbon resources, a Russian military expert said Thursday. “Needless to say, should S-300s be delivered to Venezuela, they would effectively strengthen its defense capability, and it would not be easy for its possible adversaries to punish […]


Arctic May Hold 90 Billion Barrels of Oil

Arctic May Hold 90 Billion Barrels of Oil thumbnail

The Arctic may hold 90 billion barrels of oil, more than all the known reserves of Nigeria, Kazakhstan and Mexico combined, and enough to supply U.S. demand for 12 years, the U.S. Geological Survey said.

One-third of the undiscovered oil is in Alaskan territory, the agency found in a study released today. By contrast, a geologic formation beneath the North Pole claimed by Russian scientists last year probably holds just 1.2 percent of the Arctic’s crude, the U.S. report showed.

Bloomberg.com


Libya halts oil shipments to Switzerland

Libya halts oil shipments to Switzerland thumbnail

TRIPOLI (Reuters) – OPEC member Libya is halting oil shipments to Switzerland in protest at the arrest of a son of Libyan leader Muammar Gaddafi, workers of state-owned Maritime Transport National Corporation said on Thursday. All ships carrying Swiss-made goods are barred from unloading their cargoes at Libyan ports, they added in a statement issued […]


Oil prices plunge on build in US gasoline reserves

Oil prices plunge on build in US gasoline reserves thumbnail

NEW YORK (AFP) New York’s main contract, light sweet crude for September delivery, dropped a hefty 3.98 dollars to close at 124.44 dollars a barrel. Agence France-Presse


Where would America

Where would America thumbnail

As Al Gore remarked in his landmark speech this past Thursday, the United States has the potential to generate all of its electricity from renewable resources within its borders. […]According to the Energy Information Administration, the average American consumes about 920 killowat-hours of electricity per month. So where, exactly, will all this energy come from? […]


New contamination incident at French nuclear site

New contamination incident at French nuclear site thumbnail

PARIS (Reuters) – Around 100 staff at a nuclear power plant in southern France were contaminated with a low dose of radiation on Wednesday, power firm EDF said, the latest incident there after a case of uranium spillage two weeks ago. EDF said in a statement that sensors detected a rise in the level of […]


Colorado, Wyoming battle Bush over oil shale

Colorado, Wyoming battle Bush over oil shale thumbnail

Administration’s proposed rules renew environmental, technology debate SALT LAKE CITY – The Bush administration’s push Tuesday to speed up development of oil shale in the Rocky Mountains runs headlong into Colorado and Wyoming leaders, who say the environmental costs are too high and the technology unproven. The Interior Department unveiled proposed regulations Tuesday for a […]


U.S.-Canada carbon trading group eyes 2012 start

U.S.-Canada carbon trading group eyes 2012 start thumbnail

VANCOUVER, British Columbia (Reuters) – A coalition of U.S. states and Canadian provinces that have banded together to cut greenhouse gases will launch their carbon cap and trade system in 2012, according to a draft plan released on Wednesday. The Western Climate Initiative’s system will be phased in starting with industrial process emissions, with emissions […]


Crowd-sourcing the e-car

Crowd-sourcing the e-car thumbnail

HELSINKI (Reuters) – After the wikipedia, the wikicar. “eCars – Now!” is a Finnish Internet community seeking to apply the collective approach taken by online collaborators like the authors of Wikipedia to start converting used petrol-fuelled cars to electric ones, with the first roll-out due this year. The Finnish-language forum claims to be first of […]


Controversy dogs U.S. clean coal industry

Controversy dogs U.S. clean coal industry thumbnail

In a world increasingly concerned with energy costs and supply, so-called clean coal has arisen as a possible solution. While coal has been viewed by many as an old fashioned fuel source, bringing to mind images of smog-filled towns and blackened industrial wasteland, businesses and politicians are encouraging more investment in clean coal technology that […]


Gas Conservation Threatens Road Funding

Gas Conservation Threatens Road Funding thumbnail

WASHINGTON — The House passed legislation that would steer $8 billion to highway projects next year, in a prelude to a broader debate over how much to invest in roads, bridges and other transportation infrastructure. The bill passed Wednesday is essentially a stop-gap measure designed to plug a gap between fuel-tax revenue flowing into the […]


Key terms in oil-supply debate

Key terms in oil-supply debate thumbnail

Peak oil * Definition: The maximum volume of oil production achievable, after which output begins an irreversible decline. Sometimes called Hubbert’s peak or the Hubbert curve for U.S. geophysicist Marion King Hubbert, who in 1956 theorized that oil production follows a bell-like curve and accurately predicted that U.S. oil production would top out between the […]


The myth that pushes oil prices up plays into the hands of speculators

The myth that pushes oil prices up plays into the hands of speculators thumbnail

PEAK Oil, the invention of a retired oil industry executive, has for years now fuelled a healthy conference circuit and at the same time played havoc with the oil markets. A simple enough doctrine, it states that Peak Oil is the point in time when the maximum rate of global petroleum extraction is reached, after […]


Oil Myths, Oil Facts Part Two

Oil Myths, Oil Facts Part Two thumbnail

Long Term Effects of Soaring Energy Prices DR. TARTER IS HOPEFUL… “There’s probably some coalition that, if we could unburden ourselves from the political ramifications, could look at this. Boone Pickens said, address it like the Manhattan Project of the 1940’s… KUNSTLER’S VIEW IS DARKER… “How are we going to produce our food differently. how […]


Our National Water Policy… Oh, Wait, We Don’t Have One

Our National Water Policy… Oh, Wait, We Don’t Have One thumbnail

“Lisa, the whole reason we have elected officials is so we don’t have to think all the time. Just like that rainforest scare a few years back. Our officials saw there was a problem and they fixed it, didn’t they?” — Homer Simpson On June 24, 2008, Louie and I curled up on the couch […]


Great Lakes Manure Handling Expo, The Economics Of Recycling

Great Lakes Manure Handling Expo, The Economics Of Recycling thumbnail

As fertilizer prices continue to soar, crop producers may be turning to manure for their fertility needs. Manure management will be the focus of a one-day event, being held this summer at the Molly Caren Agricultural Center in London, Ohio. The 2008 Great Lakes Manure Handling Expo will take place July 9. The event is […]


Lehman slashes world oil demand growth forecast

Lehman slashes world oil demand growth forecast thumbnail

“Demand Demolition” NEW YORK (Reuters) – Investment bank Lehman Brothers said Wednesday it slashed its forecast for 2008 world oil demand growth due to a steeper-than-expected slowdown in energy consumption in the United States and other OECD countries. Lehman added it believes the oil market is “approaching a tipping point” with prices expected to decline […]


Militants say they will destroy Nigerian oil pipelines within 30 days

Militants say they will destroy Nigerian oil pipelines within 30 days thumbnail

LAGOS, Nigeria: Nigeria’s main militant group threatened Wednesday to destroy the nation’s major oil pipelines within 30 days to counter allegations it had struck a $12 million deal with the government to protect them. The state-run oil company, however, denied the existence of such a deal and said local media had misquoted company officials. A […]


Arctic’s oil could meet world demand for 3 years

Arctic’s oil could meet world demand for 3 years thumbnail

WASHINGTON (Reuters) – The Arctic Circle holds an estimated 90 billion barrels of recoverable oil, enough supply to meet current world demand for almost three years, the U.S. Geological Survey forecast on Wednesday. The forecast comes as Russia is competing with Canada, Denmark, Norway and the United States to grab a chunk of the huge […]


Russia is key to North Korea’s plight

Russia is key to North Korea’s plight thumbnail

The sharp rise of oil and gas prices has enabled Moscow to utilize its mammoth energy reserves to achieve domestic and foreign policy goals. The new Russian “power politics” have already been tested on the Baltic States, Belarus, Ukraine and recently the Czech Republic. Russia’s Far Eastern frontier is now turning into the place where […]


Peak oil a myth, claims geoscientist

Peak oil a myth, claims geoscientist thumbnail

Predictions that oil production will peak in a few years’ time and then taper off have been dismissed by a leading geoscientist. Dr Peter McCabe, from the CSIRO, says predictions of a peak oil phenomenon date back to the 1920s but are no more relevant today than they were then. …”We have produced about 35 […]


Audio: BP On Clean Energy Initiatives: We

Audio: BP On Clean Energy Initiatives: We thumbnail

Well-known financial columnist Michael Brush continues his renewable energy audio series for Renewableenergystocks.com with a recent interview with the head of BP Vivian Cox comments.


Collision between tug, tanker closes Mississippi River at New Orleans

Collision between tug, tanker closes Mississippi River at New Orleans thumbnail

The Coast Guard closed 29 miles (47 kilometers) of the Mississippi River at New Orleans after a 600-foot (183-meter) tanker and a barge loaded with fuel oil collided, breaking the barge in half. Nobody was injured, but more than 419,000 gallons (1.5 million liters) of heavy fuel oil spilled from the barge, said Lt. Cdr. […]


Air Pollution Causing Widespread And Serious Impacts To Eastern U.S.

Air Pollution Causing Widespread And Serious Impacts To Eastern U.S. thumbnail

If you are living in the eastern United States, the environment around you is being harmed by air pollution. From Adirondack forests and Shenandoah streams to Appalachian wetlands and the Chesapeake Bay, a new report by the Cary Institute of Ecosystem Studies and The Nature Conservancy has found that air pollution is degrading every major […]


Study predicts crop-production costs will jump dramatically in 2009

Study predicts crop-production costs will jump dramatically in 2009 thumbnail

Soaring energy prices will yield sharp increases for corn and soybean production next year, cutting into farmers Fertilizer


Costs of climate change, state-by-state: Billions, says UMD

Costs of climate change, state-by-state: Billions, says UMD thumbnail

Climate change will carry a price tag of billions of dollars for a number of U.S. states, says a new series of reports from the University of Maryland’s Center for Integrative Environmental Research (CIER). The researchers conclude that the costs have already begun to accrue and are likely to endure. Combining existing data with new […]


CFTC Report on High Oil Prices -”Speculation My A$$”

CFTC Report on High Oil Prices -”Speculation My A$$” thumbnail

It seems that we (not the TOD ‘we’, but the collective society ‘we’) have been conducting an ongoing witch hunt since around $70-$80 oil to pinpoint an ‘explanation’ for our high oil and gas prices that’s unrelated to finite geologic flow limits or Malthusian themes (e.g. benign). Greedy oil companies, dastardly OPEC plots, and off-limits […]


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