Population paradox: Europe’s time bomb

A leading medical journal recently called for British couples to stop having so many children to ‘reduce global warming’. But much of the rest of Europe has a different problem: declining birthrates and ageing populations. And trends across the traditionally more fertile developing world are just as uneven. …All this anxiety is premised upon the […]

Iran in new oil money move to dodge sanctions

TEHRAN – Iran’s government has ordered the state oil company to deposit oil revenues only in selected banks in a bid to dodge toughening sanctions over its nuclear drive, local media reported on Saturday. The state-run National Iranian Oil Company (NIOC) had been free to choose where to deposit the tens of billions of dollars […]

Matthew Simmons – Energy: It’s Still Cheap

Matthew R. Simmons, Chairman of Simmons & Company Int’l and author of Twilight in the Desert, is interviewed on today’s Financial Sense Newshour.Audio. Several formats, including RealPlayer, Windows Media, and MP3. Financial Sense Newshour

A look at rising need of crude in energy rich nations

WITH the crude demand-supply balance definitely tight, the growing consumption in the energy rich, oil-exporting countries is under hammer, adding to the existing confusion on the future prospects of the industry. Fresh data from the US Department of Energy show the amount of petroleum products shipped by the world Rising cash flow from high price […]

Glenn Beck: Drive naked, save America

… Look at yourself right now. You’ve probably got on a shirt, socks, shoes, jewelry, maybe even some pants. Do you have any idea how much all of that weighs? If people really loved America, they would strip down, leave their clothes at home, and drive around buck naked. That would decrease the weight of […]

Living simply provides economic shelter

CHICAGO (AP) “I live so far below my means that it doesn’t really register,” says Rainsberger, a 31-year-old Chicagoan with a wiry frame and unusually sunny outlook. “I don’t have to think about money.” How is this possible? For starters, she has no car and commutes by bicycle each workday. She also has no mortgage […]

U.S. caught in middle of spat

Oil and geography: Russia-Georgia fight puts Bush in tough spot. There’s more than meets the eye to the frantic U.S. efforts Friday to talk Russia and U.S. ally Georgia out of war over an obscure mountain tract most Americans have never heard of. A look at the map and your gas credit card bill shows […]

David Strahan: Have we reached the end of the road for oil?

Petrol prices are set to fall this autumn, but David Strahan argues that oil is now so scarce that it may never be affordable again With the oil price apparently in full retreat, it is tempting to breathe a sigh of relief. After soaring to an all-time high of more than $147 a barrel in […]

Petrol coupons traded as cash in Zimbabwe

Just a week after Zimbabwe got a new currency when the government lopped 10 zeros off bank notes to counter hyperinflation, a drastic shortage of cash has led to shops and businesses using petrol coupons as an alternative currency. It also has counterfeiters switching from forging banknotes that cost as much to produce as they […]

…Now for the scary part: the world is running out of the raw materials used to make televisions, laptops, mobile phones and many of the other digital gadgets of the 21st century. An article in New Scientist magazine last year quoted Mr Reller as having said the Earth has 10 years left of indium, which […]

In Iraq, fault lines run deep over Kirkuk’s future

KIRKUK, Iraq (Reuters) – The failure of Iraqi politicians to resolve competing ethnic claims for the oil-rich northern city of Kirkuk is storing up explosive problems for the country’s future. After months of debate, parliament shut for a summer break without agreement on a new law paving the way for the first provincial elections since […]

High Gas Prices Direct Assault on American Commuter – Consumer Lifestyle

As gasoline prices were escalating seemingly without hope of stalling or coming down, due to all-time record oil prices, and in the context of a severely weakened consumer economy, we found ourselves confronted with a major challenge to the basic assumptions of the dynamics of our economy. We have seen, in just one year, our […]

World’s biggest solar farm planned in India, report says

The world’s largest solar power project is reportedly being planned for the state of Gujarat in western India at a cost of about $5 billion. Total power generation capacity is expected to reach 5 gigawatts. The U.S.-based Clinton Foundation is reportedly in talks with the state government to establish an “Integrated Solar City” able to […]

Global warming threatens indigenous peoples: FAO

Global warming and limited access to land and other resources threaten many indigenous peoples, the UN food agency warned Friday. “Indigenous peoples are among the first to suffer from increasingly harsh and erratic weather conditions, and a generalised lack of empowerment to claim goods and services,” said indigenous peoples expert Regina Laub of the Food […]

India: Power crisis looms large as key thermal stations starve for coal

The coal shortage situation that has been brewing across the country’s thermal power stations has taken a turn for the worse, with at least six major thermal power stations across the country reporting that they have run out of coal stocks. Of these, four stations – the 2000 MW Singrauli, the 2,600 MW Ramagundam, the […]

Gov: UK biofuel probably made of starvation, rainforests

The British government has released its first monthly report into biofuels used in the UK. It says that not much biofuel is used, and that in general it has very little idea if Blighty’s biofuel is sustainably produced, what kind of land was used to make it or indeed where it comes from. The figures […]

Lehman says oil prices have peaked

Oil prices have peaked for the next few years amid signs tight supply and demand fundamentals are loosening, Lehman Brothers said on Friday. “Barring a physical disruption that may temporarily spike prices, we judge that oil prices have peaked for the next few years,” Lehman said in a research note.In our view, the recent correction […]

Book Review: Slow-Moving Vehicle

Traffic jams are not, by and large, caused by flaws in road design but by flaws in human nature. While this is bad news for drivers — there’s not much to be done about human nature — it is good news for readers of Tom Vanderbilt’s new book. “Traffic” is not a dry examination of […]

Business Matters: Surviving the Oil Crisis

Summer is here and with it comes high gas prices. However, when the pumps are already maxing out consumers’ pocketbooks, what can anyone do except grin and bear it? We’ll speak with Matthew R. Simmons, CEO of one of the largest investment banking firms serving the energy industry and Daniel Lerch, Program Manager for the […]

Water-Powered Cars: Hydrogen Electrolyzer Mod Can’t Up MPGs

After batting down the hype over startups and DIYers claiming they could run a car on water, PM’s senior automotive editor installs a hand-built HHO kit Unfortunately, I have to indict their physics. The entire concept of running your car on water is based on bad science. The idea is to use electricity from the […]

Kurdish rebels claim pipeline blast: report

ANKARA (AFP) – Separatist Kurdish rebels claimed responsibility Friday for a blast that cut a strategic oil pipeline in Turkey and sent international prices higher. The Baku-Tbilisi-Ceyhan (BTC) pipeline at Refahiye in eastern Turkey has been on fire since the blast on Tuesday night and is expected to be closed for 15 days. The separatist […]

OPEC looks on calmly as oil price falls

DUBAI (Reuters) – OPEC has held its nerve while oil prices have dropped nearly 20 percent in a month and the producer group is expected to let the market slide further before taking any action to cut output. Oil traded at below $120 a barrel on Friday, down from a July peak of $147.27 as […]

The Decline Of Suburbia?

Experts Predict Exodus From Far-Flung Neighborhoods Back To Urban Living …It sounds hard to believe, but some experts are now predicting that this could be the beginning of the end of suburbia — that far-flung neighborhoods could be tomorrow’s slums. Author James Howard Kunstler has been predicting the decline of the suburbs for more than […]

Russia sends forces into Georgian rebel conflict

MEGVREKISI, Georgia (Reuters) – Tensions over Georgia’s rebel territory of South Ossetia exploded on Friday when Georgia tried to assert control over the region with tanks and rockets, and Russia sent forces to repel the assault. Fighting between Georgian forces and Russian-backed separatists raged in and around Tskhinvali, the capital of South Ossetia, after Tbilisi […]

Peak oil talk draws large crowd of the local faithful

Author Richard Heinberg of Post Carbon Institute says According to Heinberg, the belief that oil is a finite resource is now very common, and that there are two types of

Oil ‘could hit $200 within years’

A serious oil supply crisis is looming, which could push prices above $200 a barrel, a think tank has warned. A “supply crunch” will affect the world market within the next five to 10 years, the Chatham House report said. While there is plenty of oil in the ground, companies and governments were failing to […]

Wind’s Our Future, but Natural Gas Is Now

The attacks on T. Boone Pickens’ plans — everything from his integrity and self-interest to his quixotic nature — as Jim Cramer says, “just makes no sense whatsoever. They hold no water at all. They are just wrong and misguided. The people against him, the ones that call him a dreamer, are the ones who […]

Military wants to lead U.S. into the green

FORT IRWIN, California (Reuters) – The U.S. military has a history of fostering change, from racial integration to development of the Internet. Now, Pentagon officials say their green energy efforts will help America fight global warming. […] The military has set a goal that 25 percent of its energy should come from renewable sources by […]

Climate change catastrophe by degrees

Bob Watson rightly warns us to prepare for 4C global warming. To avoid that, we must make drastic CO2 cuts now Unfortunately, Professor Bob Watson is not speaking out of turn in telling the world to prepare for four degrees of global warming. “Mitigate for two degrees; adapt for four” has long been the catchphrase […]

Coal. It’s what lights up the world

Commentary: Global coal demand is swelling and these companies will benefit ROCKVILLE, Md. (ChangeWave) — When the power goes on and the lights turn bright around the world, chances are good that the electricity firing up the latest power plant in China is a coal-fired plant running on none other than imported coal from the […]

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