Why gas is really cooking

Green and growing, this is one stock that will make everyone happy. Now you might find the idea of gas unexciting, and until very recently gas stocks were about as attractive as, say, Carlton’s Brendan Fevola Gas is clean. If Chinese power stations ran on it rather than coal you might have been able to […]

Iran sees possible oil over-supply in 2009: report

TEHRAN (Reuters) – Continued OPEC production at current levels would lead to over-supply of its crude in the first half of 2009, causing prices to drop, Iran’s OPEC governor was quoted as saying on Sunday. Mohammad Ali Khatibi, speaking two days before OPEC ministers meet in Vienna, also told the official IRNA news agency that […]

Thaw of polar regions may need new U.N. laws

OSLO (Reuters) – A new set of United Nations laws may be needed to regulate new Arctic industries such as shipping and oil exploration as climate change melts the ice around the North Pole, legal experts said on Sunday. They said existing laws governing everything from fish stocks to bio-prospecting by pharmaceutical companies were inadequate […]

Australia: Fighting on empty

The Australian Defence Force consumes annually 125 million litres of diesel and 200 million litres of aviation fuel, according to government statistics. The strategy and capabilities of the ADF are dependent on oil and they are exposed to the same price fluctuations that are wreaking havoc on business and household budgets. Considering the extensive lead […]

How the West is losing the energy cold war

Picture yourself as the autocratic leader of a small-ish former Soviet republic, bubbling with oil and gas and keen to sell it. But where? One route is old, cheap and easy. It leads north, to Russia. But memories of the Kremlin’s imperial embrace are still fresh. The other is new, costly and tricky. It goes […]

Bangladesh climate victims search for new land

KUTUBDIAPARA, Bangladesh (AFP) “Back then this area was barren and we were among the first to find this land,” says 50-year-old Alam, one of around 150 people who left the island in the 1980s. Now his bamboo shack at Kutubdiapara — named after the island they left — is just one of thousands in the […]

Ike seen as severe hurricane in Gulf of Mexico

WASHINGTON (Reuters) – Hurricane Ike is expected to enter the oil-producing Gulf of Mexico as a severe Category 4 storm, a U.S. Federal Emergency Management Agency official said on Sunday. “It looks like it will be a very severe storm,” Bob Powers, FEMA deputy assistant administrator for disaster operations, told a telephone news conference on […]

Whether to drill might be foregone

…Oil has another important strategic role in our lives. An average family of four will use 1,077 gallons of gas for their automobile, but it takes 930 gallons to produce, process and deliver the food they eat. It makes elemental sense to me to hold some or all of those offshore and ANWR reserves for […]

U.S. should stop selling off its needed natural gas

…Anyway, while the cost of natural gas has nearly tripled during the past five years, exports of U.S. natural gas to Canada have risen 155 percent. In fact, 38 percent of all piped U.S. gas goes to Canada. Another 33 percent is pipelined to three Michigan hamlets on rivers across from Ontario. Mexico does not […]

MARSHALL ISLANDS: Responding to the Emergency

Update Report on the Republic of the Marshall Islands State of Economic Emergency Stemming from the Energy and Food Crises The Emergency Declaration. The Republic of the Marshall Islands (RMI) has recently experienced unprecedented increases in the costs of imported fuel and staple food items. This high and sustained inflation in energy and food prices […]

Gulf oil production poised to increase by 10 million barrels a day

Dubai: A massive $300 billion investment in boosting oil production is underway which could see the Arabian Gulf deliver a staggering 10 million barrels of crude a day in added capacity by 2015 more than half from Saudi Arabia alone according to project research firm Proleads. “Recent analysis of total global oil production and development […]

Riders on the Storm: Stopping and Restarting Offshore Oil and Gas

It has been five days since Hurricane Gustav blew through town, and industry is still working to restore the flow of oil and gas from offshore production platforms in the Gulf of Mexico: Meanwhile, about 47 percent of more than 700 stationary offshore platforms in the Gulf of Mexico remained evacuated Friday, according to the […]

Mexico: Running Out of Oil and Options

As equities commence the dramatic autumn slump I’ve been anticipating in recent weeks, it is uninspiring to witness the standard of political debate in the US Presidential election. It seems that neither candidate is aware of, or at least willing to articulate, the tectonic shifts taking place in global financial power which threaten to severely […]

Price increases push US soy beyond reach of poor

SURABAYA, Indonesia (AP) Not any more. The cost of tempeh and tofu has doubled to record highs, driven by the soaring price of soybeans imported from the United States. “What kind of life is this?” complained the 25-year-old, who like many Indonesians goes by only one name, as he stood outside his plywood shack that […]

George Soros: The Perilous Price of Oil

The following is adapted from testimony given by George Soros before the US Senate Commerce Committee Oversight Hearing on June 3, 2008. In January 2007, the price of oil was less than $60 per barrel. By the spring of 2008, the price had crossed $100 for the first time, and by mid-July, it rose further […]

Bush likely to scrap nuclear deal with Russia

The United States is likely to scrap a civilian nuclear pact with Russia soon as punishment for its war against Georgia last month, a U.S. official said on Thursday. While the U.S. government has announced plans to give U.S. ally Georgia over $1 billion in reconstruction aid, it has yet to hit Moscow with any […]

Cost of oil could dim a solar light

Mark Bent wrestles with oil prices. Never mind that crude futures have fallen $20 a barrel from their record in July. Bent’s company, Houston-based SunNight Solar, has seen costs for shipping its solar-powered flashlights rise by about 30 percent so far this year, and they show no sign of abating.“It kills you,” Bent told me […]

Demand for solar panels exceeds supply

The sun may set early on anyone trying to take advantage of expiring solar-energy tax credits this year. Many solar manufacturers and installers say they can’t take on more jobs for 2008 because they’re either out of panels or out of time. “From the manufacturing perspective, we’re sold out,” said Tom Mueller, a spokesman for […]

Oil demand decreases as economy slows down

On Friday, the prices of the oil fell to the lowest point in five months due to economic slowdown and investors are worried that it will lead to low demand for the energy.James Cordier, portfolio manager of OptionSellers.com, said that the attention of the oil market will not be distracted from lowering economy and the […]

Drill now, pay later

Upon recent discoveries of oil in the kingdom, King Abdullah ordered that those new finds be left untapped to preserve the nation’s oil wealth for future generations. “When there were new finds, I told them, ‘No, leave it in the ground, with grace from God, our children need it,’” the king said. Behind the king’s […]

Coal shortage to continue in India

The shortage of coal will continue in India in near future. Ernst & Young (E&Y) has prepared a plan on proper supply of coal in the domestic market. It has recommended increase in the domestic coal production and contract mining to tame the shortage. It has also stressed the need of inclusion of private sector […]

Is our taste for Sunday roast killing the planet?

Raj Patel, author of Stuffed and Served (Portobello Books) believes growing food for animals is a waste of resources in an overcrowded world. ‘The average meat eater in the US produces about 1.5 tonnes of carbon dioxide more than a vegetarian every year. That’s because animals are hungry and the grain they eat takes energy, […]

Shun meat, says UN climate chief

People should consider eating less meat as a way of combating global warming, says the UN’s top climate scientist. Rajendra Pachauri, who chairs the Intergovernmental Panel on Climate Change (IPCC), will make the call at a speech in London on Monday evening. UN figures suggest that meat production puts more greenhouse gases into the atmosphere […]

Julian Darley: The Energy Secret

Understanding What Drives The 21st Century And Why Peak Oil Really Matters There are at least two invisible things that tend to be ferociously difficult to understand. One is relations among humans and the other is energy. Especially when the former want more of the latter. And for some reason, understandable perhaps but also unfortunate, […]

Game Design Sketchbook: Crude Oil

…Oil isn’t like corn or some other renewable commodity, where the amount you produce and sell this year has no limiting effect on how much you might be able to produce next year. If you pump all your oil out today and sell it at today’s price, you won’t have any to sell at tomorrow’s […]

Global warming greatest in past decade

Researchers confirm that surface temperatures in the Northern Hemisphere were warmer over the last 10 years than any time during the last 1300 years, and, if the climate scientists include the somewhat controversial data derived from tree-ring records, the warming is anomalous for at least 1700 years. “Some have argued that tree-ring data is unacceptable […]

Floating nuclear power plant gets new ”birthplace”

MOSCOW – In a couple of years, a new kind of vessel will appear at sea: the floating nuclear power plant (FNPP). The Academician Lomonosov, currently under construction in Russia, is only one project of several being developed so far. The formal keel laying ceremony took place in April 2007 at the Sevmash shipyard of […]

It never hurts to be prepared for Armageddon

In an emergency, you want to be the go-to gal with all the answers Depletion and Abundance: Life on the New Home Front, by Sharon Astyk (New Society Publishers; $18.95) is subtitled One Woman’s Solutions to Finding Abundance for Your Family While Coming to Terms With Peak Oil, Climate Change and Hard Times. A few […]

UK: Allotments get night guards as credit crunch sparks vegetable thefts

Allotment-holders are introducing security patrols after a surge in fruit and vegetable thefts which has been blamed on rising food prices. Gardeners fear that with economic conditions worsening and household budgets under strain, people are stealing produce in order to save themselves money at the checkouts. A series of raids have prompted the Ottery St […]

Britain meets biofuels target but imports dominate

LONDON, Sept 5 (Reuters) – Britain is meeting its 2.5 percent target for biofuels use in motor fuel but is relying heavily on imports, government data issued on Friday showed. A Renewable Transport Fuel Obligation (RTFO) came into force on April 15. It requires suppliers of motor fuels to ensure a proportion, initially 2.5 percent, […]

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