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News from August 2008

Let’s face it, there’s simply not enough oil and gas to go around

Let’s face it, there’s simply not enough oil and gas to go around thumbnail

We have reached ‘peak oil’, and fuel prices look certain to rise for the foreseeable future …You ask: “Why is gas tied to the price of oil, when the two are separate markets?” The price of oil is linked to gas in a number of ways. Many industries can switch from gas to oil and […]


Toward a Type 1 civilization

Toward a Type 1 civilization thumbnail

Along with energy policy, political and economic systems must also evolve. Our civilization is fast approaching a tipping point. Humans will need to make the transition from nonrenewable fossil fuels as the primary source of our energy to renewable energy sources that will allow us to flourish into the future. Failure to make that transformation […]


Israel mulls military option for Iran nukes

Israel mulls military option for Iran nukes thumbnail

JERUSALEM – Israel is building up its strike capabilities amid growing anxiety over Iran’s nuclear ambitions and appears confident that a military attack would cripple Tehran’s atomic program, even if it can’t destroy it. … Recent signs that Washington may be moving away from a military option That may help explain recent visits to Jerusalem […]


Raising Energy Efficiency In A New Materials Economy

Raising Energy Efficiency In A New Materials Economy thumbnail

The production, processing, and disposal of material in our modern throwaway economy wastes not only material but energy as well, thus producing unnecessary, climate-disrupting carbon dioxide emissions. In nature, one-way linear flows do not survive long. Nor, by extension, can they survive long in the expanding global economy. The throwaway economy that has been evolving […]


US experts predict more active hurricane season

US experts predict more active hurricane season thumbnail

US weather experts raised their predictions for this year’s Atlantic hurricane season on Tuesday, warning that warmer waters could whip up 17 tropical storms including nine that will grow into hurricanes. The Colorado State University hurricane team added that five of the storms will mushroom into powerful hurricanes that carry winds of 179 kilometers (111 […]


Yucca Mountain cost estimate is increased

Yucca Mountain cost estimate is increased thumbnail

The U.S. Department of Energy says it has revised upward its cost estimate of the Yucca Mountain nuclear repository from its 1983 start to closure in 2133. Officials said the new system life cycle cost estimate includes money needed to research, construct and operate Yucca Mountain for 150 years. The new cost estimate of $79.3 […]


Wind Powered Vehicle Ready To Race In The Netherlands

Wind Powered Vehicle Ready To Race In The Netherlands thumbnail

Students of the Team InVentus at Stuttgart University constructed a vehicle that is solely powered by wind energy, the Ventomobile. It took them many months of intense construction work to reach this goal. On August, 23rd the InVentus Ventomobile will compete in the Aeolus Race in Den Helder (Netherlands) on a three kilometre track with […]


In rural Alaska, fuel costs now matter of survival

In rural Alaska, fuel costs now matter of survival thumbnail

BARROW, Alaska – A gallon of unleaded gasoline: $10. Heating fuel: $9.10 a gallon. Electricity: $1.17 per kilowatt hour Soaring oil prices that swelled Alaska’s treasury have come back to slam the state, particularly its 170 rural villages. Gov. Sarah Palin has proposed checks of $1,200 for each resident to help relieve some of the […]


Local Scientist Splits Water, Saves World, Gets On TV

Local Scientist Splits Water, Saves World, Gets On TV thumbnail

This might have been a story of how a couple of MIT scientists happened upon a breakthrough discovery in the electrolysis of water; but they didn’t (and so it isn’t). This might also have been a story about an informed media which correctly and skeptically reports on such scientific discoveries — in the midst of […]


Surviving the Apocalypse, On Two Wheels

Surviving the Apocalypse, On Two Wheels thumbnail

Why did Igor Kenk keep over 2,800 bikes in storage? That was the question posed by last Saturday The alleged bike thief has captured the attention of the Canadian press since July 16th, when police claimed to have observed him directing a thief to steal a bike for him. As the investigation spiraled out, more […]


Nissan shows test models of electric car, hybrid

Nissan shows test models of electric car, hybrid thumbnail

A battery developed that delivers more power than type common today YOKOSUKA, Japan – Nissan showed on Wednesday a spiffy electric car packed with a battery developed by the Japanese automaker to deliver more power than the type common in today It was extremely quiet, absent of engine noise


Oblivion becomes the oblivious

Oblivion becomes the oblivious thumbnail

AS THE price of oil skyrockets there is evidence that the US is blindly bumbling into superpower oblivion; that the American century is passing before our eyes. An empire built on oil is losing supremacy and, indeed, internal coherence. The US will remain, but the superpower period is passing, just as did the USSR. There […]


Kuwait chides Iran over threat to shut Hormuz

Kuwait chides Iran over threat to shut Hormuz thumbnail

KUWAIT CITY (Thomson Financial) – Kuwait’s foreign minister said on Wednesday that an Iranian threat to close the Strait of Hormuz, the crucial Gulf oil supply route, amounted to a ‘punishment’ of its Arab neighbours. ‘By making such remarks, the Iranian officials are hinting at punishing the Gulf Cooperation Council countries,’ Sheikh Mohammed Sabah al-Salem […]


We must green the market

We must green the market thumbnail

Everywhere we look, the prices of goods don’t reflect the true environmental costs of their production Modern capitalist markets are among the most amazing institutions humankind has ever created. They are mighty engines of innovation and wealth. They allow societies to quickly adapt to a world full of disruptions and surprises. And by linking billions […]


The Fiasco of Suburbia, Its Implications, and Its Destiny

The Fiasco of Suburbia, Its Implications, and Its Destiny thumbnail

…For centuries, a countryside chateau was the dream and ambition of wealthy families throughout Europe. And then, about 600 years after peasants hauled the first granite stones to the site of the Chateau d’Agneaux, an American version of this dream began to take shape across the fifty United States. Millions of Americans aspired to flee […]


Fuel costs pinch roadside rescue man

Fuel costs pinch roadside rescue man thumbnail

Thomas Weller, who has volunteered to rescue stranded motorists since 1966, recently cut back on the number of runs he makes due to high gas prices. SAN DIEGO – Christin Ernst was in a fix. An errant screwdriver punctured her tire on a San Diego freeway, leaving her stranded. That’s when Thomas Weller She was […]


Norway completes seismic scan in pristine Arctic

Norway completes seismic scan in pristine Arctic thumbnail

OSLO (Reuters) – Norwegian energy authorities have completed a seismic survey of Arctic waters near the scenic Lofoten islands, which environmental groups say should be permanently out of bounds to oil and gas drilling. The Norwegian Petroleum Directorate (NPD) said on Monday it finished a three-dimensional seismic survey of the Troms II area north of […]


BTC oil pipeline blast in Turkey halts flow: agency

BTC oil pipeline blast in Turkey halts flow: agency thumbnail

ISTANBUL (Reuters) – An explosion on the Baku-Tbilisi-Ceyhan oil pipeline on Tuesday night in eastern Turkey prompted authorities to halt the flow of oil along the pipeline, state-run news agency Anatolian reported on Wednesday. The cause of the explosion was not immediately known. A local official said he did not think it was sabotage. An […]


Oil at 3-month low on weak U.S. economic outlook

Oil at 3-month low on weak U.S. economic outlook thumbnail

SINGAPORE (Reuters) – Oil fell to a three-month low on Wednesday, as lingering worries of a weak U.S. economy continued to weigh on demand, but conflicts in Nigeria and dispute over Iran’s nuclear plan could counter the bearish effects. U.S. light crude fell by more than $1.00 to reach $118.10 a barrel, its lowest since […]


ADM in talks to tap ethanol in Brazil

ADM in talks to tap ethanol in Brazil thumbnail

Archer Daniels Midland, the world’s largest grain processor, yesterday signalled a wave of expansion in Brazil as it struck a relatively gloomy note on US corn-based ethanol production. ADM, a leading ethanol producer, has been a cheerleader for the industry in the US but its expansion into Brazil’s sugar-based ethanol industry suggests it wants to […]


Iraq Isn’t Spending Oil Windfall On Infrastructure

Iraq Isn’t Spending Oil Windfall On Infrastructure thumbnail

Iraq is generating revenue of about $80 billion a year, mainly from its vast reserves of crude oil, but spending only about 1% of the total on maintaining critical infrastructure projects such as roads, bridges and sanitation, the U.S. government auditor said. Meanwhile, the U.S. has appropriated around $48 billion in the past several years […]


Malaysia, Indonesia to cooperate on biofuels

Malaysia, Indonesia to cooperate on biofuels thumbnail

JAKARTA (Reuters) – Malaysia and Indonesia will cooperate in a biofuel development program, and may use the same biofuel specifications and amount of blending, Malaysia’s commodities minister said on Tuesday. Indonesia and Malaysia, the world’s top two palm oil producers, together account for more than 80 percent of the world’s crude palm oil output. Reuters […]


Energy crops key to biofuels growth

Energy crops key to biofuels growth thumbnail

After a rash of negative publicity, biofuels backers say that advanced technologies will reshape the industry, making ethanol from sustainably grown sources cost-effective within a few years. General Motors on Friday convened a panel of experts from cutting-edge ethanol companies that described different technologies–acid hydrolysis, specialty microbes, and genetically engineered energy crops–which they say will […]


Home Energy Prices Are Expected to Soar

Home Energy Prices Are Expected to Soar thumbnail

In a season of roller-coaster energy costs, the drop in oil and natural gas prices in recent days was greeted as good news. But they remain so high that experts are predicting that heating bills this winter will far exceed those of last year. Even after a precipitous decline from its peak in early July, […]


Dutch energy analysts predict OECD oil rationing in near future

Dutch energy analysts predict OECD oil rationing in near future thumbnail

The renowned Dutch Clingendael International Energy Programme foresees more future turbulence in the oil markets, an energy crunch by 2010 and potential oil rationing in the Western world. Here are some of the most interesting conclusions of the highly recommended ● The


Oil Prices and the Media: Why the Blackout on Peak Oil

Oil Prices and the Media: Why the Blackout on Peak Oil thumbnail

Every once in a while history reaches a point of real cognitive dissonance. I’m beginning to wonder if we are such a point right now. I’m referring to the astounding rise in the price of oil over the last couple of years, the concept of ‘peak oil,’ and the strange silence surrounding that concept in […]


U.S. Oil, Imported Workers

U.S. Oil, Imported Workers thumbnail

Oil staffing and service companies are accused of illegally employing non-U.S. workers on rigs in the Gulf of Mexico — and displacing American workers To Daryl Johnson of Orange, Tex., work as a rigger on pipe-laying barges seemed like a pretty sure bet. The pay was good — $18.50 an hour — and with oil […]


Coal’s future is safe – but what about the climate?

Coal’s future is safe – but what about the climate? thumbnail

LONDON (Reuters) – Does coal have a future? Climate change protesters and coal traders alike say it’s a daft question, but agreement ends there. For protesters, the shiny black lumps of fossilised wood and plants are contributing to drastic climate change. For traders, coal is an energy no-brainer which offers a ray of hope for […]


Russia: Oil Industry Still Losing Height

Russia: Oil Industry Still Losing Height thumbnail

The crude oil production, export and prices are declining in Russia. According to the July statistics of TsDU TEK, nearly all indicators of this branch are going down in the country. The prices for petroleum are shedding as well, which is generally attributed to the government The record duty on oil export


More AIDS risked as poor women trade sex for food

More AIDS risked as poor women trade sex for food thumbnail

MEXICO CITY (Reuters) – Rising food prices around the world are likely to drive poor women to trade sex for basic goods like fish and cooking oil, raising the risk of new AIDS infections, U.N officials said on Monday. Delegates at a major AIDS conference in Mexico cited the cases of fisherwomen in the Pacific […]


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