SemGroup woes have ripple effect

The Tulsa-based oil trading, storage and transportation company filed for bankruptcy late last month. Small businesses and independent oil producers in Kansas, Oklahoma and Texas find themselves caught in the ripples from the spreading SemGroup LP bankruptcy. SemGroup buys, sells, stores and transports crude oil and crude oil products. The Tulsa-based company, the 12th-largest privately […]

1988 fires in Yellowstone and the West were harbingers of things to come

…Only the snows of November would put out the fires after they had burned through 1 million acres in and around Yellowstone. You might call the 1988 fires in Yellowstone and across the Northern Rockies “signal fires.” They signaled that we would live in a different world in the American West at the beginning of […]

The Nuclear Future That Never Arrived

Understanding how the great hopes of early nuclear power advocates eventually turned into great disappointment may shed some light on nuclear power’s future. In 1962 a report requested by President John F. Kennedy on the state of civilian nuclear power in the United States declared that by the year 2000 half of all electricity in […]

Energy Boom in West Threatens Indian Artifacts

DOLORES, Colo. Much more definite is that a giant new project to drill for carbon dioxide is gathering steam on the park

Tropical depression forms in Gulf of Mexico

MIAMI (Reuters) – The fifth tropical depression of the 2008 Atlantic hurricane season formed in the northern Gulf of Mexico on Sunday, and was forecast to pass through key U.S. oil production areas before reaching Texas or Louisiana, the U.S. National Hurricane Center said. One computer model indicated the weather system could reach hurricane strength […]

Senate Majority Leader: Renewable energy will shape future of state, world

Harry Reid: It can bring down $4-a-gallon gas, save pristine Nevada landscapes and ensure our safety for generations to come, but it

Stinging Tentacles Offer Hint of Oceans

From Spain to New York, to Australia, Japan and Hawaii, jellyfish are becoming more numerous and more widespread, and they are showing up in places where they have rarely been seen before, scientists say. The faceless marauders are stinging children blithely bathing on summer vacations, forcing beaches to close and clogging fishing nets. But while […]

Experts clash over viability of biofuels, alternative energy

Pre-eminent UC Berkeley scholars clashed Saturday over whether biofuels will help solve the energy crisis – or whether biofuel supporters are duping themselves and everybody else with empty promises. The university’s College of Natural Resources hosted a panel discussion called “The Future of Biofuels?” and it became clear early on why the question mark was […]

More homeowners embracing conservation

In 2008, green building is expected to represent 6 percent of the industry CHICAGO – The bathroom tiles are recycled wine bottles. The hardwood floors are sustainable bamboo. And the sprawling garden gets sprinkled with rainwater collected in 300-gallon barrels. From its recycled plastic deck to its solar-paneled roof, everything in and about the 2,500-square-foot […]

Weak dollar caused 30 percent of oil price rise: Iran

COLOMBO (Reuters) – The falling value of the dollar is to blame for around a third of the rise in the price of oil, Iran’s Foreign Minister Manouchehr Mottaki said on Saturday. “Thirty percent of the increase (in the price) of oil is because of the decrease in the value of the dollar,” he said […]

Kuwait official sees oil staying above $100: report

KUWAIT (Reuters) – Oil was unlikely to fall below $100 per barrel as strong demand from emerging economies such as China and India put a floor under prices, a member of Kuwait’s top oil council said in remarks published on Sunday. Concerns about the economy of the United States and falling oil demand in developed […]

Fed to sit tight on rates as oil prices moderate

WASHINGTON (Reuters) – The U.S. Federal Reserve is expected to hold interest rates steady on Tuesday, acknowledging financial conditions remain strained, but making clear it is still worried about inflation despite a recent pullback in energy prices. Economists say the central bank is likely to tweak the language of its statement, released when announcing its […]

Gunmen kidnap two French nationals in Nigeria: officials

LAGOS (AFP) Agence France-Presse

Big Oil’s biggest quarter ever: $51.5B in all

HOUSTON (AP) […]Like its competitors, Chevron made the bulk of its money at its exploration and production arm, also known as the upstream, where income nearly doubled from a year ago to $7.25 billion. Associated Press

Rising food prices strain family budgets

…Up until recent months, many Americans haven’t kept strict tabs on the pennies-worth of fluctuations on their food stickers. The recent surge in food prices may not be causing the middle class to go home hungry yet, but for shoppers like Ms. Nevas, it’s making them less likely to splurge on the non-essentials. The U.S. […]

ASPO Newsletter – August 2008

1067. Ireland ASPO-Ireland (PDF)

A Push to Wrest More Oil From Land, but Most New Wells Are for Natural Gas

With the advent of $4-a-gallon gasoline has come a bruising debate in Congress over whether to intensify efforts to drill on federal lands, including part of the Arctic National Wildlife Refuge in Alaska. But while those hoping to lower prices at the pump are clamoring for new oil, most of the new onshore drilling of […]

Britain’s energy crisis: Twisting in the wind

Fuel bills are soaring due to our increasing reliance on imported gas. Wind power should be part of the answer but realising the government Both are in trouble. The planned expansion of wind power is being held up by a myriad of obstacles from planning objections to electricity grid constraints. The cost of investment is […]

Reducing oil use ‘our survival challange’

…Heinberg, 57, a senior fellow with the Post Carbon Institute based in Sebastopol, is considered among the leading voices on the issue of peak oil supply, the time when the world Foodstuffs are trucked an average of 1,500 miles

Global warming shows itself as trees die out, flowers, glaciers fade

Standing atop Yosemite’s tallest peak in August 1950, Hal Klieforth looked out across the Lyell Glacier and marveled at how solid and unyielding it appeared. “It was like Grand Canyon or the Sierra itself,” the 81-year-old meteorologist said recently. “It had been there for many years and probably would be there for many more.” Today, […]

Indonesia warns oil output to finish in 10 years

JAKARTA: IndonesiaSoutheast Asia

Saudis prepare for post-petroleum era

MEDINA, Saudi Arabia – Yellow dust clouds swirled as tractors moved back and forth, leveling a huge, barren piece of land dotted by billboards that announced the city that will rise here. Over the next few years, Saudi officials say, this stretch of desert will be transformed into a hub of research and development, with […]

You Know Gas Prices Are High When Texans Start Driving Golf Carts

Low-Speed Electric Vehicles Catch On; Peters Family Jaunts in the Land of Giants HOUSTON — In the garage where chiropractor Rick Peters once parked his Dodge pickup, two tiny electric cars now sit back-to-back next to his wife’s small SUV. For trips to work, to run errands or visit friends, Dr. Peters, 43 years old, […]

Kyrgyzstan on Verge of Energy Crisis – PM

BISHKEK (Interfax) – Kyrgyzstan is on the brink of a total power outage, Prime Minister Igor Chudinov said at the meeting of the government on Thursday. “I feel that we are about to have a total power outage,” he said. “That must not happen, especially at plants,” he said. Energy executives said it was necessary […]

Decoupling order seeks energy efficiency, may cut electric bills

MASSACHUSETTS – The state’s Department of Public Utilities has moved to break the link between utility profits and electricity sales, a change that could help consumers reduce their energy use and the size of their electric bill. In an order issued July 16 the department began the process of “decoupling” revenues from sales for all […]

Drought forces Iran to halt fuel oil exports

TEHRAN: Iran has temporarily halted exports of fuel oil because of domestic needs during a severe drought, a senior official was quoted as saying on Saturday. Iran is a regular exporter of fuel oil to Asia. But industry sources said on Saturday it will halt exports of the heavy fuel from August as it builds […]

Shipping Costs Start to Crimp Globalization

The world economy has become so integrated that shoppers find relatively few T-shirts and sneakers in Wal-Mart and Target carrying a

Russia

Russia has begun a push to claim a vast chunk of disputed Arctic territory in an aggressive campaign to win control of the region’s oil and gas resources. A state-sponsored expedition, led by a Moscow geographical institute, is in the region gathering scientific data in an attempt to prove that vast swathes of the seabed […]

China urges more power conservation amid shortage

SHANGHAI (Reuters) – China’s central government, grappling with the country’s worst electric power shortage in years, on Saturday ordered local authorities around the country to work harder to conserve energy. “Fully understand the importance and urgency of conserving oil and electric power,” the State Council, or cabinet, said in notice to the administrations of provinces […]

Timing is everything: How vulnerable to flooding is New York City?

A report just released in the most recent issue of the Bulletin of the American Meteorological Society offers hope that a new high-resolution storm surge modeling system developed by scientists at Stony Brook University will better be able to predict flood levels and when flooding will occur in the New York metropolitan area, information crucial […]

« Previous Page — Next Page »

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy