Cheaper oil slower to show up at pump

WASHINGTON/LONDON (Reuters) – Gasoline retailers in the United States and Europe are not passing on to consumers all their savings from the drop in crude oil prices as they move to recover some of their losses from earlier in the year when oil costs were soaring. Since hitting a peak above $147 a barrel in […]

Oil surges $6 – crosses $121 mark

NEW YORK (CNNMoney.com) — Oil surged more than $6 a barrel on Thursday to touch $122 a barrel, as a falling dollar and renewed concerns over the credit crunch motivated investors to move their money back into commodities. U.S. crude for October delivery rose $5.51 to $121.07 a barrel, having reached as high as $122.04. […]

All the Oil We Need

WHILE oil prices have declined somewhat of late, the volatility of the market and the political and religious unrest in major oil-producing countries has Americans worrying more than ever about energy security. But they have little to fear Even worse, this uncertainty comes in the context of worrisome reports that oil producers have little spare […]

UK: Two energy firms to raise prices

…E.On said it would up its gas prices by 26% and electricity bills by 16% on 22 August for domestic customers. Scottish and Southern followed a few hours later by announcing a 29.2% increase in gas bills, with electricity tariffs up by 19.2% on 25 August. Both blamed an increase in wholesale costs for the […]

Satellite Images Show Continued Breakup Of Two Of Greenland

COLUMBUS, Ohio A massive 11-square-mile (29-square-kilometer) piece of the Petermann Glacier in northern Greenland broke away between July 10th and by July 24th. The loss to that glacier is equal to half the size of Manhattan Island. The last major ice loss to Petermann occurred when the glacier lost 33 square miles (86 square kilometers) […]

Climate change could be impetus for wars, other conflicts, expert says

CHAMPAIGN, Ill. Jurgen Scheffran, a research scientist in the Program in Arms Control, Disarmament and International Security and the Center for Advanced BioEnergy Research at the University of Illinois, is among those raising concerns. In a survey of recent research published earlier this summer in the Bulletin of the Atomic Scientists, Scheffran concluded that

Anti-Regulation Aide to Cheney Is Up for Energy Post

A senior aide to Vice President Cheney is the leading contender to become a top official at the Energy Department, according to several current and former administration officials, a promotion that would put one of the administration’s most ardent opponents of environmental regulation in charge of forming department policies on climate change. F. Chase Hutto […]

Fuel-Saving Hybrid Trucks Focus of HTUF National Conference

CALSTART’s Hybrid Truck Users Forum – HTUF ( www.htuf.org) – will hold its 2008 HTUF National Conference, the world’s leading medium and heavy-duty hybrid truck forum, October 14-16, 2008 in South Bend, Indiana. The conference will be hosted by Bosch Rexroth and takes place at the South Bend Marriott Hotel and adjacent Century Center, with […]

Peru’s army on standby as jungle unrest grows

Relations between indigenous groups and the President Alan Garcia have become increasingly hostile as the government has sought to exploit what are thought to be rich oil and gas deposits in lands owned by Amazon Indians. Energy companies have pushed deep into supposedly protected areas in the past year, leading to clashes with some of […]

World Geothermal Power Generation Nearing Eruption

With fossil fuel prices escalating and countries searching for ways to reduce oil dependence and greenhouse gas emissions, capturing the earth Originating from the earth

Russia halts military cooperation with NATO

Official notification from Moscow highlights tension over Georgia clashes BRUSSELS, Belgium – NATO has received a note from Moscow saying Russia is halting military cooperation, in the latest sign of tension over the violence in Georgia, an official said Thursday. NATO spokeswoman Carmen Romero said the alliance had received notification through military channels that Russia’s […]

Importing food means exporting drought

We need to change the way we eat if we are to tackle the looming catastrophe of water scarcity …It will be our plates, not our rates, that bear the brunt of water shortage. As today’s report from WWF spells out, the amount we spew out of taps is piddling compared with what it takes […]

Big Oil’s Washington juggernaut

Under fire for high gas prices, the industry is spending record amounts on influence in Washington. Plus: How it’s playing in the presidential race. NEW YORK (CNNMoney.com) — As angry voters spark a barrage of energy bills in Congress, the oil industry is spending record amounts of money protecting its interests. In what may be […]

The Long Descent (excerpts from new book)

A User’s Guide to the End of the Industrial Age Americans are expressing deep concern about US dependence on petroleum, rising energy prices and the threat of climate change. Unlike the energy crisis of the 1970s, however, there is a lurking fear that, now, the times are different and the crisis may not easily be […]

Airlines emerge from profit-killing oil slick

In early July, U.S. airline stocks were so battered you could buy one share each of five big airlines for less than the cost of checking a single bag. With oil prices then approaching $150 a barrel and air travel demand sinking, Wall Street’s view was that most of the USA’s airlines were destined for […]

Russia sees oil output stalling

Russian oil output growth is unlikely to exceed 2.2% next year and will slow to under 1% by 2011, the government said today, confirming earlier forecasts of a slowdown in production growth. Falling oil production in Russia has become a major concern for the government, which relies heavily on export revenues. The Kremlin quoted the […]

Russia: There Is Life After Peak Oil

The Soviet Union was a victim of its internal peak oil – a 43% decline in domestic oil production between 1987 and 1996. However Russia has pulled off a major feat in recovering from peak oil. How did the Russians manage to find life after peak oil? The Oil Drum: Europe

Keynes and peak oil

… The central problem in repeating Keynes Standpoint Magazine

Scientists seek to protect economy from climate

Panel: About $2 trillion of U.S. economic output could be hurt by weather NEW YORK – Eight scientific organizations urged the next U.S. president to help protect the country from climate change by pushing for increased funding for research and forecasting, saying about $2 trillion of U.S. economic output could be hurt by storms, floods […]

Newsweek: Worries grow about ‘fracking’ for oil

… These have been boom years for the West. From New Mexico to Montana, more than 33,000 new oil and gas wells have been approved since 2001. Last year, nearly 90 percent of onshore federal drilling permits were issued in the Rockies. In the heart of the rush is Colorado. A 2007 survey from the […]

As gas prices go down, so will food, right? No

Consumers hoping for easing of supercharged inflation likely won That’s because retail prices for cereal, eggs, cheese and meat generally lag by several months or longer world prices for wheat, corn and soybeans

A few speculators dominate vast oil market

Regulators: Swiss energy firm holds 11 percent of contracts on NYMEX […] when the Commodity Futures Trading Commission examined Vitol’s books last month, it found that the firm was in fact more of a speculator, holding oil contracts as a profit-making investment rather than a means of lining up the actual delivery of fuel. Even […]

Garbage + Nanotech + Gasification = Ethanol

AMES, Iowa, August 20, 2008 (ENS) – A method of making potentially cheap ethanol fuel out of garbage and other waste materials by deploying a combination of modern and old technologies is under development by government and university researchers. The process involves the use of nanotechnology and gasification to convert carbon-based materials into a product […]

Peak Oil: What Are We to Do?

The Community Environmental Council Has an Idea or Two The County Board of Supervisors will be holding a hearing next Tuesday morning, August 26, to discuss the ongoing energy crisis in our region, state and country. With Santa Barbara Independent

Putting US Energy in the Wrong Place

[…] the energy debate, as its being played out in the Presidential campaign, is far from funny. The reality is that whether the U.S. drills or not, it really doesn’t make a difference That’s not to say offshore drilling should be off limits. The world will be on fossil fuels for the foreseeable future, and […]

Google Sinks Cash into Advanced Geothermal Technology

For $1 billion over the next 40 years, the U.S. could develop 100 gigawatts (a gigawatt equals one billion watts) of electricity generation that emits no air pollution and pumps out power to the grid even more reliably than coal-fired power plants, according to scientists at the Massachusetts Institute of Technology. Now Google.org But no […]

Preemptive Energy Security: An Aggressive Approach to Meeting USA’s Requirements

Global competition, declining resources, and domestic demand on resources have placed energy issues at the forefront of daily news. This situation highlights the incredible U.S. appetite for energy and tremendous reliance on foreign energy. The volatile nature of the world oil market not only places the U.S. economy at risk, but also jeopardizes America’s security. […]

Oil exploration

I discussed the short-term weakness in oil prices. Let The big Oil companies are taking oil out of the ground. But generally, they are not replacing their reserves through reserve growth or resource expansion. To the extent that the oil companies are expanding reserves in the short term, it

Iraq condemns oil majors’ ”humanitarian” failure

MOSCOW (Reuters) – A top Iraqi official on Wednesday attacked oil majors for trying to overcharge the war-torn nation and ignoring their “humanitarian” duty to help develop Iraq’s battered oil industry. “Foreign companies, including Russian companies, have not taken up the call to develop these projects. As a result of them not wanting to work […]

Delaware monitors sea-level rise for future risks

GEORGETOWN — Decades had passed since a storm sent saltwater and fish into corn and bean fields west of Prime Hook National Wildlife Refuge Then, a late-season storm in May caused flooding along the Delaware Bay and pushed fish way beyond their normal, bay, river and creek habitats. Some state environmental officials wonder if what […]

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