Peak Oil is You

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News from August 2008

Palin: Iraq is a war for oil

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In a recent BusinessWeek interview, Gov. Sarah Palin (R-AK) admitted that she believes the Iraq war was fought because of oil: We are a nation at war and in many [ways] the reasons for war are fights over energy sources, which is nonsensical when you consider that domestically we have the supplies ready to go. […]

U.S. Gulf oil output at a trickle ahead of Gustav

HOUSTON (Reuters) – U.S. energy companies shut nearly all offshore oil production and were racing to bring down flood-prone Louisiana refineries on Sunday ahead of Hurricane Gustav’s landfall, which could rival the wrath of 2005’s Hurricane Katrina. Gustav is expected to be a dangerous Category 4 hurricane with wind speeds up to 155 mph when […]

Cold season will push up oil price: Iran

TEHRAN (Reuters) – Iran’s oil minister suggested on Sunday crude at $100 a barrel was the lowest appropriate level but said factors like the approaching cold season would push up demand and prices, an Oil Ministry website reported. Oil has fallen from a record level around $147 a barrel in July to around $115 a […]

‘Peak Oil’ drives urgent energy alternatives

In the furore over increasing oil prices, the two words our leaders seem determined not to mention are Oil does not run out at the peak, as roughly half of the ultimately available oil remains to be produced. However, it is the point at which further expansion of global oil production becomes impossible because production […]

Payment Plan for Climate-Change Costs Proposed by Institute

The U.S., China and wealthy nations should bear the costs for curbing carbon-dioxide emissions worldwide in proportion to the income and air pollution they generate, the Stockholm Environment Institute proposed. The environmental advocate, with centers in Sweden, Britain and the U.S., is attempting to break a deadlock in international talks for a new global treaty […]

Past evidence boosts concern for Greenland icesheet: scientists

PARIS (AFP) – Scientists Sunday said they could no longer rule out a fast-track melting of the Greenland icesheet — a prospect, once the preserve of doomsayers, that would see much of the world’s coastline drowned by rising seas. The researchers found that the great Laurentide icesheet which smothered much of North America during the […]

Global warming’s toasty water connection to Gustav

Global warming has probably made Hurricane Gustav a bit stronger and wetter, some top scientists said Sunday, but the specific connection between climate change and stronger hurricanes remains an issue of debate. The Atlantic is seeing an increase in storms rated among the strongest. In the past four years, Hurricanes Gustav and Katrina, and six […]

UN Calls for Urgent Action on Climate Change

The United Nations is calling for urgent action to halt climate change on the 20th anniversary of the Intergovernmental Panel on Climate Change. The U.N. Secretary General and other eminent personalities were present at the official ceremony, which celebrated this event in Geneva from where Lisa Schlein reports for VOA For much of the past […]

Putin reminds EU of Russia’s Pacific oil pipeline

MOSCOW (Reuters) – Prime Minister Vladimir Putin said on Sunday that Russia’s first oil pipeline to Asia must be completed without delay, underlining Russia’s energy clout just hours before European Union leaders meet to discuss Georgia. Russian state-owned news agency RIA said Putin had signed a government order “on speeding the building of phases of […]

Oil drop to help U.S. transport only in short-term

CHICAGO (Reuters) – A recent dip in oil prices should boost U.S. transport companies’ earnings for the current quarter, but oil is still too pricey to offer the sector any long-term relief from the many economic headaches it faces. Transport firms will get a short-term lift as the fuel surcharges they implemented to cope with […]

Investor interest in algae grows

The idea of using algae as a significant new source of fuel is moving rapidly from the science lab to large-scale production, to judge by a wave of big investments that have been made in the area in recent weeks. The potential for using green slime to solve the energy crisis has been met with […]

Gas prices fuel interest in alternatives

For months, the words “four-dollar gas” have served as convenient shorthand to explain a range of American lifestyle changes – the cars we buy, the places we live, the vacations we take, and our willingness to crowd into subways. But gas prices have been falling and were near $3.60 last week in the Boston area, […]

What Happened to Peak Oil?

Up until Tuesday, oil was crashing down toward $110 a barrel as demand growth estimates have been clipped. So what happened to peak oil? Nothing happened; peak oil should still be a concern. […] Now, the real point of peak oil here is not that oil supplies are running out, the sky is falling and […]

West should not depend on Russia for energy: Brown

MOSCOW: British Prime Minister Gordon Brown has said the West should not be dependent on Russia for energy supplies, the Observer newspaper reported on Sunday. “No nation can be allowed to exert an energy stranglehold over Europe,” said Brown, adding that he would take action to stop Britain “sleepwalking into an energy dependence on less […]

Wind, solar energy built on temporary tax breaks

WASHINGTON (AP) The Solar Energy Industries Association says some 20 utility-scale solar power plants, many in California and together capable of producing power for a million homes, are at risk because of the uncertainty in Congress. Proponents of wind power, a nascent industry that relies on skittish investors, are in a similar predicament. Greg Wetstone […]

Was the organic food revolution just a fad?

Fear for farmers as shoppers tighten belts From new mums worried about their children’s health to foodies seeking the very finest products, consumers have embraced organic food with more enthusiasm than most environmental trends. But now the British love affair with organics has stalled in the face of rising prices and tightening budgets as mortgage […]

The wind of change is slow to blow through Britain’s energy policy

In Europe, only Malta and Luxembourg make less use of renewables than the UK. So why do ministers still believe they can meet environmental targets? In two years’ time, the UK seems certain to miss one of the core environmental targets of the Blair-Brown years. The Government pledged that 10 per cent of the country’s […]

SchNews Drills For the Truth In Peak Oil Theory

From Transition Town workshops to the city slickers at the Financial Times (to over-excited pieces in ill-researched journals like SchNEWS), there The basic premise is what

Boats for post-cheap oil survival

To introduce myself: I am a New Zealander living near the coast in the North Island. I also lived for nine years in the South Pacific Islands, where I was able to observe primitive, third world living conditions. I share the view that peak oil is going to have a big effect on our lifestyles, […]

Hurricane Gustav, Energy Infrastructure, and Updated Damage Models — Thread #4

We now have Gustav as a Category 3. However, the Louisiana Offshore Oil Port or LOOP–where America uploads approximately 1.2 million barrels of imports each day–is directly in the hurricane path; noon models have reduced the damage forecast; however, and we cannot emphasize this enough, this can change quickly. Here’s the noon update. Given the […]

Supply-side troubles

In slow economy, donations to food pantries may not feed all the hungry …Living Bread is one of a number of Massachusetts food pantries that are striving to meet rising demand. A plummeting economy, coupled with soaring food and fuel prices, has caused an unprecedented increase in need across the state, say pantry workers, even […]

For the first time in human history, the North Pole can be circumnavigated

Melting ice opens up North-west and North-east passages simultaneously. Scientists warn Arctic icecap is entering a ‘death spiral’ Open water now stretches all the way round the Arctic, making it possible for the first time in human history to circumnavigate the North Pole, The Independent on Sunday can reveal. New satellite images, taken only two […]

Gustav May Hit Gulf Platforms Harder Than Katrina

(Bloomberg) — Hurricane Gustav threatens to hurt U.S. oil and natural-gas production and refining more severely than hurricanes Katrina and Rita did three years ago. …“This storm will prove to be a worst-case scenario for the production region,” Jim Rouiller, senior energy meteorologist for Planalytics.com, said yesterday in an e-mailed message. “This storm will be […]

Rep. Bartlett pursues lonely energy crusade

Republican has often warned about oil dependence, but is anyone listening? WASHINGTON – Charts at the ready, notes spread out before him, Rep. Roscoe G. Bartlett begins another address in the House of Representatives on the dangers of America’s dependence on oil. The Western Maryland Republican has given nearly 50 such speeches at the Capitol […]

Airlines consider mixing biofuel, jet fuel

Airlines are preparing for that moment by experimenting with a mixture of 10 percent biofuel and 90 percent jet fuel to run their jetliners. Biofuel is a renewable energy source, typically a nonedible crop such as algae, that can be blended with jet fuel for an energy source to improve air quality. Biofuel could become […]

Saudi Arabia positioned to become solar power

In the wake of the first Gulf War, the U.S. Army assessed Saudi Arabia’s solar energy resource potential in a classified effort to determine how oil fires had affected the region. The results were clear and surprising. In addition to being a vast petroleum repository, the desert nation was also the heart of the most […]

Industry’s next fear: ‘Water is the oil of the 21st century’

“Water is the oil of the 21st century,” declares Andrew Liveris, the chief executive of Dow, a chemical company. Like oil, water is a critical lubricant of the global economy. And as with oil, supplies of water — at least, the clean, easily accessible sort — are coming under enormous strain because of the growing […]

Tehran exploits US-Russian tensions

Iran could emerge as a big winner, at least in the short term, from the rapidly escalating tensions between the United States and Russia over Moscow’s intervention in Georgia, according to analysts here. Whatever waning chances remained of a US military attack on Iran before President George W Bush leaves office next January have all […]

Russia remains a Black Sea power

If the struggle in the Caucasus was ever over oil and the North Atlantic Treaty Organization’s (NATO’s) agenda towards Central Asia, the United States suffered a colossal setback this week. Kazakhstan, the Caspian energy powerhouse and a key Central Asian player, has decided to stand shoulder-to-shoulder with Russia over the conflict with Georgia, and Russia’s […]

Mr Cheney goes to Georgia

The US-backed Baku-Tbilisi-Ceyhan pipeline passes through Georgian territory and letting Russia dictate events in Georgia has a definite implication in terms of energy security, given the fierce pipeline geopolitics in the Eurasian landmass, Europe’s heavy energy dependency on Russia and Moscow’s willingness to rely on the energy card for security bargaining with Europe. This alone […]

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