Russia may boost OPEC clout, raise oil risk premium

DUBAI (Reuters) – Closer cooperation between OPEC and Russia, which between them supply half the world’s oil, could see a bigger political risk premium priced into oil and add more muscle to the producer group’s output policy. Russia’s desire for deeper cooperation with OPEC comes as its relations with the West have deteriorated over issues […]

What is Good for the Goose Should be Good for the Gander

As I write, the Congress and the Administration are negotiating on a $700 billion tax payer bailout of the nation When you think about it, the energy crisis and the financial crisis have a lot in common. Both have the potential to wreck the US economy and put a lot of

Peak Oil Review – Sept 29

1. The bailout 2. Gasoline shortages 3. Venezuela and its friends 4. Briefs 1. The bailout Compromise in the Congress over the $700 billion financial rescue bill brings to a close 10 days during which the oil markets have reacted to little else. For the past week oil has surged on news of progress and […]

Amid oil worries, natural gas boom is a

Crisis. What crisis? Lost amid persistent worries about the price of crude oil and gasoline is a little-understood reality: There is more natural gas under our feet than we know what to do with. Indeed, natural-gas production is growing at such a rapid rate in this country that it

Credit crisis may delay biofuels development

LONDON, Sept 29 (Reuters) – A global pull-back from bank lending may dent the commercialisation of biofuel technologies to replace conventional gasoline, said the chief executive of U.S. cellulosic ethanol firm BlueFire Ethanol. A credit crisis which claimed more bank victims on Monday has raised project finance costs and made ambitious targets to replace replace […]

First U.S. CO2 auction brings in $38.5 million

Companies buy emission credits; funds will go towards cleaner energy ALBANY, N.Y. – The owners of Northeastern fossil fuel-burning power plants, which are now required to buy credits to cover the carbon they emit, spent nearly $40 million in the first cap-and-trade greenhouse gas auction in the United States. The auction, the results of which […]

Ocean ”dead zones” spread, fish more at risk: study

OSLO (Reuters) – The number of polluted “dead zones” in the world’s oceans is rising fast and coastal fish stocks are more vulnerable to collapse than previously feared, scientists said on Monday. The spread of “dead zones” — areas of oxygen-starved water — “is emerging as a major threat to coastal ecosystems globally,” the scientists […]

UK: People near nuke plants don’t mind new ones: study

LONDON (Reuters) – People living near nuclear power stations in Britain tend to support construction of new plants in their communities, according to findings presented on Tuesday which could ease the government’s plan for new facilities. But much of the support comes with reservations, making it crucial for the government and energy companies to engage […]

Cliff Wirth: ”Peak Oil Preparation: Educating Family, Loved Ones, And Friends”

Peak Oil will soon generate problems for individuals and families around the globe: unemployment; bankruptcy; inability to pay for heating oil, higher education, mortgage, and rent etc; the need for family members to share residences and expenses; violent street crime even in previously safe neighborhoods; the separation of family members (due to high airfares, the […]

Oil plunges $10 as US bailout plan voted down

NEW YORK – Oil prices tumbled more than $10 a barrel Monday, dropping back below $100 as a U.S. financial bailout failed to win legislative approval, raising fears of a prolonged economic downturn that could drastically erode global energy demand. Light, sweet crude for November delivery sank $10.52, or 9.8 percent, to settle at $96.36 […]

Government officials can

…As Henderson County The question most are asking in not-so-polite language seems obvious: Why can

Russian Army’s weakness exposed

The main elements of the North Caucasian Military District’s 58th Army have already been re-deployed to Russia. The bravest officers and men have received government decorations. Those killed in action have been buried. And now it is high time to assess the operation’s lessons. Those, who fought in Georgia this August, know that Russian peace-keepers […]

Deconstructing Connecticut

It

Australia: Peak Oil (Proof)

Ms CLOVER MOORE (Sydney) [6.56 p.m.]: Tonight I speak about a serious concern of my constituents about the consequences of peak oil, which will have grave local and global impacts. The term “peak oil” refers to the stage when global oil production peaks and future oil production begins to decline. With the global demand for […]

How is the gas shortage affecting your family life?

I 1. I usually shop at the DeKalb Farmer

Asia Coal-Prices falls below $130 on demand concerns

SYDNEY (Reuters) – Coal prices for power generators in Australia, a benchmark for Asia, fell to a 5- month low of about $129 a tonne in the latest week, amid worries of slowing demand in Europe and China. Reports of growing coal stockpiles at Chinese ports and power stations as well as sharp falls in […]

Honda Suppresses Alt Fuel GX Automobiles as Company Refuses to Sell CNG Cars

Japanese Honda is suppressing its own alternative fuel technology and denying its cars and home refueling devices to Americans eager to get off of oil. Honda, it seems, is going slow on its alt fuel vehicles, fearing the public will continue to abandon its more profitable gas guzzling SUVs such as the Honda Pilot. The […]

Gasoline Shortages: Our Inventory Problem

I am writing this article from Atlanta, one of the places hardest hit by gasoline shortages. A person can drive for miles without finding an open gas station. One of the major reasons for gas shortages is that fact that inventories were not very high going into the hurricanes. Then when not one, but two, […]

PDVSA

CARACAS (IPS) – Central America, Cuba, the Dominican Republic and islands in the eastern Caribbean are receiving more and more oil from Venezuela, while major refineries are planned in South America — at Pernambuco in northeastern Brazil, and at El Aromo, on Ecuador’s Pacific coast. State oil company Petroleos de Venezuela S.A. (PDVSA) has a […]

Why We Can’t Afford Cheap Gas

We can’t let the talk about alternative energy rise and fall with the cost of gas, or the environment and our economy will pay a mighty price. With the cost of crude oil again nearing the $100-a-barrel mark (even after last week But if history is any indication, this period of relief and a possible […]

Consumerist society fuels rising oil prices

The time has come to question our ‘need’ for excess For some time it has been impossible to pick up a newspaper without reading about the soaring price of fuel. The increase has been truly dramatic due to a quadrupling of the cost of a barrel of oil since 2004. It is something that we […]

Search for a strike

Differing viewpoints assess the merits of expanding drilling options Consumers in Hawaii and the nation need to brace for continued high gas prices until alternative energy sources can be developed on a commercial scale, warns a prominent university futurist. “I think that we are long past the time when we could more or less effortlessly […]

Cash-Rich Oil Firms Snap Up Assets

The turmoil on Wall Street is reshaping the U.S. oil industry, forcing debt-laden smaller producers to sell assets and creating opportunities for larger, cash-rich companies that until recently had been criticized by investors for spending too conservatively. The latest example: Occidental Petroleum Corp., one of the largest independent oil producers, Thursday snapped up the 50% […]

UK House Sellers In Denial About The Property Crisis – Energy Too?

If I am interpreting this article correctly, actual house prices have fallen by 12% since a year ago, but the asking prices have fallen only by 3.3%. In other words, the sellers don’t actually seem to be aware that there is a housing crisis on at the moment, and are still asking for pre-credit crunch […]

Biofuel demand to lift palm oil price soon – trade

Palm oil prices are set to rise soon on higher demand from biofuel makers and stock building by some consumers, while the credit crisis will have only a small impact on the commodity, a leading industry official said. Derom Bangun, executive chairman of the Indonesian Palm Oil Association, on Saturday said prices would increase slowly […]

California took on energy crisis, now it faces water crisis

California is looking down the barrel of a potentially severe, long-term drought. We’ve had two extremely dry years and initial forecasts from the National Weather Service are that the drought conditions will continue into next year. Our reservoirs are low. Our groundwater supplies are being overdrafted in some areas. And court-ordered pumping limits have restricted […]

Africa: Leaders Say Fuel, Food Crises Have Hit Nations Hard

The soaring cost of fuel and basic foods over the past year has left many countries in sub-Saharan Africa unable to adequately fund critical activities, such as healthcare and provision of safe drinking water, their leaders told the UN General Assembly’s annual high-level debate on Thursday. Guinea-Bissau’s President Joao Bernardo Vieira said the sharp rise […]

UK: Wind power plans may be blown off course

The Crown Estate, which owns almost all of the UK’s sea bed for 12 nautical miles, is in the process of leasing out large tracts of it to developers. The largest of the planned wind farms, the London Array east of the Thames estuary, will generate up to 1,000 megawatts (mw) – enough to supply […]

No quick end to gas shortage in Southeast

ATLANTA USA Today

Africa awash in sunlight, but not solar energy

From household solar panels to thermal generators big enough to power a town, sun power has enjoyed explosive growth around the world. Everywhere, that is, except on the sun-drenched continent of Africa.With an average daily dose of five-to-seven kilowatts per hour (kWh) for every square metre (10 square feet), Africa has more potential for producing […]

« 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