All-electric vehicles no magic bullet: scientist

ARGONNE, Illinois (Reuters) – A future of all-electric cars coasting along streets and highways may be illusory, given that their range may be cut in half by aggressive drivers speeding along with the air conditioning blasting, U.S. scientists said on Monday. That may not be a bad thing, as it will persuade consumers to choose […]

Carbon regulation could hit 1 million U.S. firms: study

WASHINGTON (Reuters) – The prospect of U.S. regulation of climate-warming carbon dioxide has sparked a pre-emptive outcry from the Chamber of Commerce, which warned of bureaucratic gridlock if proposed limits are put in place. In a report to be released on Tuesday, the pro-business organization projected such regulation would affect more than 1 million U.S. […]

Credit crisis hurting clean energy sector: bankers

LONDON (Reuters) – The renewable energy sector will see a 21 billion euro ($29.43 billion) shortfall in debt finance by 2020, following the credit crisis and a brake on lending, a senior banker said on Monday. Investors at a renewable energy finance conference in London tried to digest the implications of a banking hiatus following […]

Weak oil and debt markets may bedevil oil sands plans

CALGARY, Alberta (Reuters) – A double whammy of tumbling crude prices and shaky credit markets could force some companies to delay multibillion-dollar Canadian oil sands projects, cutting the country’s overall output forecast. Most at risk are developments that are in the design phase but have yet to start construction. Some have already been delayed due […]

Fact Sheet: Increasing Fuel Supply in the Aftermath of Hurricanes Gustav and Ike

President Bush Is Taking Immediate Action To Address Energy Challenges And Carefully Monitor Fuel Prices Following The Storms Today, President Bush discussed Federal actions his Administration is taking to increase fuel supply in the aftermath of Hurricanes Gustav and Ike. These storms have disrupted our energy sources, and the Federal government is leading the effort […]

Former oil exec: Gas rationing needed

John Hofmeister, the former president of Shell Oil Co. and one of the most influential voices in the oil industry, called for short-term gasoline rationing by introducing odd-even purchases based on an automobile’s license plate and by limiting the amount of gasoline drivers can purchase. The United States will be in “a world of hurt” […]

Unlimited mpg? The great Volt debate

At some point, the EPA will have to give GM’s new electric car a fuel-economy rating. It won’t be easy. NEW YORK (CNNMoney.com) — How do you measure the fuel economy of an electric car? Is it the equivalent of 80 miles per gallon? 8,000? Turns out it’s a thorny issue – and General Motors […]

The net energy cliff

Charles Hall, the father of the energy return on investment (EROI) concept, once told me that our current society would probably not be able to function if the EROI for the entire society slipped below five. What does that mean? First, a quick review. It takes energy to get energy. EROI is a measurement of […]

Florida slaps gas sellers that raised prices with subpoenas

Florida’s attorney general issued subpoenas Sunday to four companies that have reportedly raised gasoline prices dramatically as Hurricane Ike threatened oil supplies in the Gulf of Mexico. Flying J, Dodge’s Gas Stores, Valero and Pilot Travel Centers will have to provide invoices and other documents to prove that the costs they passed on to Florida […]

The Connection Between Financial Markets and Energy

Today, the financial markets are struggling with Lehman Brothers’ Chapter 11 bankruptcy, AIG’s problems, and the sale of Merrill Lynch to Bank of America. There is also the problem of the unwind of the credit-default swaps tied to hundreds of billions of dollars of Fannie and Freddie debt. This thread is intended for folks who […]

Bush: Ike put ‘pinch’ on consumers

WASHINGTON (AP) “There’s going to be a pinch,” Bush said after a briefing on hurricane recovery efforts. “I wish it wasn’t the case, but it is.” The president also said, though, that people should not be subjected to price gouging. The federal government is working with state leaders to monitor whether consumers are being charged […]

Nigerian militants launch new attacks in ‘oil war’

PORT HARCOURT, Nigeria (Reuters) – Nigerian militants on Monday attacked a Shell-operated oil facility, forcing the evacuation of nearly 100 staff, in a third day of fighting with security forces in the Niger Delta. Security sources said the three days of clashes were the heaviest between the two sides since the Movement for the Emancipation […]

Economic value of insect pollination worldwide estimated at 153 billion euros

Avignon/Halle(Saale). INRA and CNRS French scientists and a UFZ German scientist found that the worldwide economic value of the pollination service provided by insect pollinators, bees mainly, was …From the standpoint of the stability of world food production, the results indicate that for three crop categories

Small glaciers – not large – account for most of Greenland’s recent ice loss

COLUMBUS, Ohio …Howat and his colleagues concentrated on the southeastern region of Greenland, an area covering about one-fifth of the island’s 656,373 square miles (1.7 million square kilometers). They found that while two of the largest glaciers in that area

Carl Etnier: Survival 101

They don’t teach that is most colleges, an that there’s a dilemma Can a young person risk going to college these days?_ That’s a question nagging me after reading Zachary Nowak’s “Crash Course: Preparing for Peak Oil.” Nowak urges us to apply home-insurance reasoning to a future with less energy. Homeowners generally think the likelihood […]

Hurricane Hangover, Shortages Ahead

Ike’s sudden left turn just before it made landfall meant that the 13 refineries in Houston escaped the brunt of the hurricane’s force. All are reporting they sustained no material damage and will begin the restart process as soon as power is restored. That could be a week to ten days before power is stable […]

Morales struggling to control Bolivia

LA PAZ, Bolivia (AP) — President Evo Morales struggled to assert control over a badly fractured Bolivia on Sunday as protesters set fire to a town hall and blockaded highways in opposition-controlled provinces, provoking gasoline and food shortages. At least 30 people have been killed in the poor Andean nation during the past week, Interior […]

Greenspan: Economy in ‘once-in-a-century’ crisis

WASHINGTON (CNN) — The U.S. credit squeeze has brought on a “once-in-a-century” financial crisis that is likely to claim more big firms before it eases, former Federal Reserve chief Alan Greenspan said Sunday. Greenspan told ABC’s “This Week” that the situation “is in the process of outstripping anything I’ve seen, and it still is not […]

Campaigners support EU biofuel cutbacks

But Friends of the Earth claim more drastic measures are needed Andrew Environmental campaigners have welcomed a decision by the European Parliament to scale back plans to increase the use of first generation biofuels but claim the decision does not go far enough and targets should be scrapped altogether. In a vote on Thursday, members […]

Climate-linked disease injures Alaska’s salmon

With global warming, cold-temperature barriers are giving way, allowing parasites, bacteria and other disease-spreading organisms to move toward higher latitudes. “Climate change isn’t going to increase infectious diseases but change the disease landscape,” said marine ecologist Kevin D. Lafferty, who studies parasites for the U.S. Geological Survey. “And some of these surprises are not going […]

U.S. fuel crunch fear spreads in Ike’s wake

HOUSTON (Reuters) – Fears of U.S. fuel disruptions spread on Sunday as a quarter of the nation’s energy production lay idled in the wake of Hurricane Ike’s direct hit on the Houston oil hub, threatening to shrink already thin supplies. Prices at the gas pumps shot higher while oil companies scrambled to check their refineries […]

Investors press for disclosure of tar sands’ climate risk

F&C Management, the UK’s oldest investment trust, has teamed up with a group of US and Canadian fund managers to halt Wall Street financial regulators softening the rules on tar sands, arguing that new rules should take account of the carbon impact of reserves disclosed by oil and gas companies. The move reflects changing attitudes […]

Oil Is Down, So Why Is Gas Going Up?

Consumers Cry Foul, But Oil Industry Says Not So Fast So how do oil prices fall but gasoline prices rise in many parts of the country? One explanation offered: with 15 refineries that consume nearly 4 million barrels a day shut down, there is less demand for oil. Less demand means that prices drop. That, […]

DARPA Eyes Cheaper, Greener Fuel from Coal

The U.S. Defense Advanced Research Projects Agency has unveiled an “aggressive” program to demonstrate economical and environmentally friendly conversion of coal-to-liquid (CTL) fuels. DARPA has issued a broad agency announcement (BAA) soliciting research proposals and plans to award 12-month contracts totaling $4.56 million to demonstrate the feasibility of alternative coal to liquid (CTL) technologies. Already […]

Iran says oil prices down on stronger dollar

TEHRAN, Sept 14 (Reuters) – Iran’s oil minister said on Sunday the stronger dollar was behind falling oil prices, and said the market was still oversupplied with oil as OPEC’s decision to cut output had not been fully implemented. The Organisation of the Petroleum Exporting Countries agreed at a meeting last week to reduce the […]

Critics claim deception in Calif. energy measures

SAN FRANCISCO: Californians will vote on two ballot initiatives this fall that at first glance would seem shoo-ins for approval in a state long associated with environmental activism. The first would require utilities to generate half their electricity from renewable sources such as wind and solar. The second would provide rebates of up to $50,000 […]

Lowest Ever Sea Ice in Arctic-WWF

TORONTO, ONTARIO, Sep 14, 2008 (MARKET WIRE via COMTEX) — Declining ice thickness and what is looking like the second lowest coverage on record means that Arctic sea ice may well have reached its lowest levels ever in terms of total volume. The final figures on the minimum ice coverage for this year are expected […]

India: Global warming creating

Rise in sea level posing threat to population in Sunderbans Sunderbans: Global warming and consequent rise in the sea level is posing a threat to the population, turning them into A research team led by Professor Sugata Hazra, Director, School of Oceanographic Studies in the Jadavpur University, Kolkata, has found that 82 sq km land […]

Saudi pursues plan to raise output

Saudi Arabia is pushing ahead with mega projects to lift its sustainable oil production capacity to 12.5 million barrels per day at the end of 2009 but it appears to have suspended long-term plans, a Saudi group said yesterday. The kingdom, which sits atop a quarter of the world’s recoverable crude deposits, is pumping nearly […]

Out of gas?

…Blank price signs and plastic bag-covered pumps are spreading from station to station as many run completely out of fuel. Crowds rushed to the pumps Friday afternoon while Hurricane Ike made its way across the Gulf to Texas. It leaves those looking for gas Saturday with less to choose from.

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