Traffic deaths fall as gas prices climb

COLUMBUS, Ohio (AP) Preliminary figures obtained by The Associated Press show that some states have reported declines of 20 percent or more. Thirty-one states have seen declines of at least 10 percent, and eight states have reported an increase, according to the council. No one can say definitively why road fatalities are falling, but it […]

Pickens sees $300 oil unless U.S. cuts crude imports

WASHINGTON (Reuters) – Oil prices will hit $300 a barrel in 10 years if the United States fails to reduce its dependence on foreign imports, billionaire oil investor T. Boone Pickens told U.S. lawmakers on Tuesday. The United States imports nearly 70 percent of its oil and Pickens said the world’s top petroleum-consuming nation would […]

In oil-rich Norway, petrol prices most expensive in Europe

OSLO (AFP) – In Norway, many motorists are up in arms over why they have to pay the highest petrol (gasoline) prices in Europe when the country is the world’s fifth-largest oil exporter and a recent tax hike has done little to cool tempers. “It is really strange: we have lots of oil and we’re […]

Merrill Lynch Economist Warns

Merrill Lynch

The impact of peak oil on international development (UK report)

The world is on the brink of an energy crisis that has drastic implications for people in the developing world. As almost every aspect of modern life is sustained by cheap energy, the impacts of rising oil prices will be profound. Energy security has become a political priority for governments world-wide, a priority which needs […]

Huge oil trading loss sinks energy trader SemGroup

NEW YORK (Reuters) – SemGroup LP declared bankruptcy on Tuesday after $3.2 billion in oil trading losses torpedoed the formerly 12th-largest private U.S. company. The Tulsa-based company racked up the massive losses as oil prices ran up record gains, undercutting short crude futures positions SemGroup bought to hedge against its 500,000 barrel-per-day trading business. To […]

A Locally Grown Diet With Fuss but No Muss

Eating locally raised food is a growing trend. But who has time to get to the farmer Call them the lazy locavores

Solar Thermal Energy coming to a boil – Peak Oil

After emerging in 2006 from 15 years of hibernation, the solar thermal power industry experienced a surge in 2007, with 100 megawatts of new capacity coming online worldwide. During the 1990s, cheap fossil fuels, combined with a loss of state and federal incentives, put a damper on solar thermal power development. However, recent increases in […]

Oil economics are blowing us to wind and sun energy

Bob Dylan said it best: “The answer is blowin’ in the wind.” While politicians and environmentalists have been busy arguing about how best to require that greenhouse gases be curtailed, the world around them has changed. The precipitous rise in oil and gas prices over the past year has made the debate on greenhouse gas […]

GM, utilities join to study electric car impact

SAN JOSE, Calif. (AP) — General Motors Corp. has joined with more than 30 utility companies across the U.S. to help work out electricity issues that will crop up when it rolls out new electric vehicles in a little more than two years. The Detroit automaker said the partnership, which includes the Electric Power Research […]

Congress Pursues $80 Oil With Trading Limits, Disclosure Rules

July 23 (Bloomberg) — Congress may outlaw elements of oil futures trading that lawmakers found distorted demand and contributed to the 69 percent surge in prices in the past year. U.S. legislators are considering limits on the number of oil contracts an investor can hold and may increase disclosure requirements. Speculators such as Goldman Sachs […]

Commercially bred bees spread disease to wild bees

WASHINGTON (Reuters) – Disease spread to wild bees from commercially bred bees used for pollination in agriculture greenhouses may be playing a role in the mysterious decline in North American bee populations, researchers said on Tuesday. Bees pollinate numerous crops, and scientists have been expressing alarm over their falling numbers in recent years in North […]

Nissan to test electric cars in Tennessee

NASHVILLE, Tennessee (Reuters) – Nissan Motor Co has formed a partnership with Tennessee to study the infrastructure needed to support the roll-out of electric cars starting in 2011, Nissan Chief Executive Carlos Ghosn said on Tuesday. “We are forming a partnership with the state of Tennessee to promote zero-emission mobility,” Ghosn said at the opening […]

CNN: Feds Find Supply & Demand Behind Oil Prices

NEW YORK (AP) — A federal task force set up to examine the sharp run-up in oil prices says in an interim report that fundamental supply-and-demand factors are most likely to blame. A number of lawmakers and other critics have blamed the historic rise in prices on speculators that they say are manipulating prices. CNN […]

Oil Myths, Oil Facts

Who’s Responsible for Soaring Oil Prices? JAMES KUNSTLER WROTE “THE LONG EMERGENCY”, PERHAPS THE DEFINITIVE BOOK ABOUT A FUTURE WITHOUT CHEAP ENERGY… “We’ve got ourselves in a situation now where world wide demand is permanently outstripping world wide supply… So, we’re going to look at the conventional wisdom and arguments and try to give you […]

Peak Oil and Hunger

Diesel farming feeds the world. But what happens if the fuel becomes too expensive for the farmers? Listen in to WYPR 88.1 FM public radio in Baltimore tomorrow morning (Wednesday, July 23) at 9:35 a.m. to hear my most recent “Environment in Focus” program. If you’re not next to your radio, or you miss the […]

Russia May Sell Arctic Oil Leases Within 5 Years, McMahon Says

(Bloomberg) — Russia may sell licenses to explore for oil in the Arctic Sea before the end of 2013 as the world’s second biggest producer seeks to boost flagging output, according to Sanford C. Bernstein & Co. “We will see a Russian Arctic offshore lease sale within five years, mainly as a way of raising […]

Long-distance commuters

High gas prices, housing market downturn leave some workers stuck For Dollie Kinkead, the economic turmoil gripping the country translates into an 80-mile drive each work day from a house she can’t sell to a job she thinks she’s lucky to have. For Danny Jesse, it means living with his parents and enduring a commute […]

Africa’s Last and Least

Cultural Expectations Ensure Women Are Hit Hardest by Burgeoning Food Crisis …On her way to the market, Lingani explained the ugly math: A year ago, she could feed her entire family a nutritious meal of meat and vegetables and peanut sauce for about 75 cents. But now the family gets much lower-quality food for twice […]

Preparing Australian aviation for a new world

by Geoff Dixon, CEO of QANTAS ..For almost 90 years QANTAS has developed a cultural strength that enables us to cope well with crises. We have shown great resilience through numerous major shocks over the past decade alone. But right now the global aviation industry faces, not a shock or a blip – not even […]

Drought threatens drinking water for a million Australians

Up to a million people in Australia could face a shortage of drinking water if the country’s drought continues, a report on the state of the nation’s largest river system revealed Sunday. The report said the situation was critical in the Murray-Darling system, which provides water to Australia’s “food bowl”, a vast expanse of land […]

UAE: Cost of shipping doubles in the past 12 months

The cost of shipping a container from Dubai to key destinations around the world has almost doubled in the past 12 months Meanwhile, shipping a 20ft container from Jebel Ali to Shanghai in China

Utility experts warn against burnout at 50

Infrastructure: Billions of dollars needed to prevent system collapse Canada’s ageing electricity infrastructure will need billions of dollars in investments to ensure its generation stations, transmission and distribution lines do not collapse under an exploding demand, industry experts said yesterday. While the engineering experts refused to draw direct links between the needs and a pair […]

Telework Pros and Cons: 28 Reasons To ‘Telework’- With Data To Back Them Up

The terms telework and telecommuting were coined by Jack Nilles (http://www.jala.com), a former NASA engineer, more than three decades ago. “One of my colleagues at NASA was carrying on about if we can put a man on the moon, we ought to be able to do something about traffic,” recalls Jack. So that’s what he […]

China refinery losses widen to $850M

BEIJING – Refining losses for China’s top two oil companies widened 47.9 percent to $850 million in the first half due to government controls that limit their ability to pass on high crude costs to consumers, an industry association said Tuesday. “They are facing big difficulties,” said Feng Shiliang, deputy secretary-general of the China Petroleum […]

The race to own the top of the world

GlobeandMail

Drivers infuriated by shortage of affordable fuel (Egypt)

Taxis queued in front of gas stations across Cairo as the congested city suffered a shortage of 80-octane and diesel fuel, a crisis that reached its peak last week. DailyStarEgypt

New oil field discovered in southwestern Iran

Iran’s Oil Minister Gholam-Hossein Nozari said on Tuesday that Iran has found a new oil field with in-place reserves of about 500 million barrels in southwestern Iran, said a statement posted on a website affiliated with the Oil Ministry. When attending the inauguration ceremony of the First Iran Petrochemical Symposium, Nozari announced the new discovery […]

Chavez arrives in Russia for arms talks

Venezuelan President Hugo Chavez on Tuesday met his Russian counterpart, Dmitry Medvedev, as part of a visit aimed at purchasing arms and bolstering ties with the Kremlin. “I watch the rebirth of Russia with great respect and great love,” Chavez, a fierce critic of US President George W. Bush and US foreign policy, said at […]

Future is nearly now for plug-in hybrids

When hundreds of experts gather in San Jose this week for the country’s first and biggest plug-in hybrid conference, the tone of the gathering will reveal a dramatic change. Automakers, utility representatives and policy-makers will be talking when, not if, at Plug-in 2008. Asked whether plug-in hybrids, also known as plug-in hybrid electric vehicles, or […]

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