The Approaching World Oil Supply Crisis

Analysis: Two prominent energy thinkers suggest a direction for what to do as the spigots start trailing off — which they feel is much closer than do most in the industry. A world oil supply crisis is looming in the near future, according to a growing number of energy analysts. This summer, Christophe de Margarie, […]

Polar war could break out in 12 years over scramble for oil and gas

A Polar war could break out in the Arctic within 12 years, a respected British think tank has warned. At its heart will be a mad rush for the black gold bonanza of oil and natural gas locked beneath the frozen waters. Melting ice caused by global warming and high energy costs suddenly make the […]

Costs of Climate Change, State-by-State: $Billions

Climate change will carry a price tag of billions of dollars for a number of U.S. states, says a new series of reports from the University of Maryland’s Center for Integrative Environmental Research (CIER). The researchers conclude that the costs have already begun to accrue and are likely to endure. Combining existing data with new […]

Studies find global warming will have significant economic impacts on Florida

Sea level rise, hurricane storm surge, property damage to increase; second study recommends state of Florida policy framework for coastal adaptation Fort Lauderdale, Fla. — Leading Florida-based scientific researchers released two new studies today, including a Florida State University report finding that climate change will cause significant impacts on Florida’s coastlines and economy due to […]

Southeastern U.S. sees widespread gas shortages

Long lines are common at service stations in the region as the Gulf Coast recovers from hurricanes Gustav and Ike. ATLANTA — When the gas gauge on Jada Burns’ Kia wagon was on empty Tuesday afternoon, she lucked out, catching her neighborhood Chevron station at a time when its pumps were open. But the clerk, […]

Trucker Protest Runs Out of Gas

Independent truckers organizing a protest against high fuel prices hoped pain at the gas pump would drive 200 or more truckers to Washington Sept. 23. Instead, fewer than 20 truckers showed up for the rally and protest, and organizers blamed high fuel prices. While those independent truckers drove from Landover, Md., to the U.S. Capitol, […]

Gas Shortages?: This Week in Petroleum – September 24

Gasoline shortages are starting to become a problem in areas such as Nashville and Atlanta. This week’s “This Week in Petroleum” (TWIP) (included in entirety under the fold) did indeed show a big drop in gasoline inventory as we expected, but we are still digesting the impact, keeping in mind that these are averaged numbers […]

OPEC oil output expected to drop

LONDON OPEC’s 13 members are expected to pump 32.6 million barrels per day in September, down from a revised 33.4 million bpd in August when output was unusually high, Conrad Gerber, head of Petrologistics, told Reuters. “Things have come back to normal,” Gerber said. “This has nothing to do with the OPEC decision. That reduction […]

5 Myths About Wind Energy

Wind energy might be the simplest renewable energy to understand. Yet there are misconceptions about what makes the wind industry turn. The United States now has nearly 17,000 megawatts of wind power installed, which can supply about 1.2 percent of the nation’s demand for electricity, according to a recent report from the Department of Energy […]

Dmitry Orlov: Adieu, stage 1 collapse!

In February of this year, I wrote The Five Stages of Collapse, connecting each stage of collapse So far so good. In terms of mental milestones, we can tease apart financial collapse into a number of psychological levees that are being breached one by one. The first one to go was people’s faith in home […]

Pickens Funds Down About $1 Billion

Lately, T. Boone Pickens would get better marks as a policy advocate and author than an energy investor. The 80-year-old Texas oil magnate has bankrolled a massive public campaign for improved U.S. energy independence, and his new book, “The First Billion is the Hardest,” is a best seller. But the downturn in energy has blindsided […]

LaBruzzo: Sterilization plan fights poverty

Tying poor women’s tubes could help taxpayers, legislator says Worried that welfare costs are rising as the number of taxpayers declines, state Rep. John LaBruzzo, R-Metairie, said Tuesday he is studying a plan to pay poor women $1,000 to have their Fallopian tubes tied. “We’re on a train headed to the future and there’s a […]

Kinder Morgan Shuts Texas Oil Terminal After Fire

(Bloomberg) — Kinder Morgan Energy Partners LP said a fire late yesterday shut its Pasadena oil terminal in Texas, which connects refineries from along the Gulf Coast to pipelines serving the eastern and Midwest U.S. “We are having to pull barrels from other origin points,” Steve Baker, a spokesman for Colonial Pipeline Co., which transports […]

Chavez sees 1 million-barrel oil exports to China

BEIJING – Venezuelan President Hugo Chavez says his country’s oil exports to China could soar to 1 million barrels a day by 2012. Chavez’s visit this week to Beijing has focused on trade and business ties, including refinery construction deals and China’s launch of a Venezuelan communications satellite. Chavez was due to meet with top […]

BHP wants to sell uranium to China for decades

BHP Billiton, the world’s largest mining company, is positioning itself to supply China with uranium for “decades” as the country ramps up its nuclear plant program in a carbon conscious world. Chief executive Marius Kloppers said nuclear energy would play a “bigger role” in China going forward and BHP Billiton was “very actively positioning” to […]

UK: Green idealists fail to make grade, says study

People who believe they have the greenest lifestyles can be seen as some of the main culprits behind global warming, says a team of researchers, who claim that many ideas about sustainable living are a myth. According to the researchers, people who regularly recycle rubbish and save energy at home are also the most likely […]

Peak Oil is Here Now

According to most independent scientific studies, global oil production will now decline from 74 million barrels per day to 60 million barrels per day by 2015. During the same time demand will increase 14%. This is equivalent to a 33% drop in 7 years. No one can reverse this trend, nor can we conserve our […]

Investigation Widens Into Unusual Oil Price Rise

Federal regulators have subpoenaed recent trading records from several Nymex traders as part of a widening investigation into the sharp rise in oil prices on Monday. The subpoenas are part of an examination announced by the Commodity Futures Trading Commission on Monday, soon after the price for an expiring futures contract on the Nymex surged […]

Spain eases plan to slash subsidy for solar power

Spain has decided to ease proposed sharp cuts in a generous subsidy scheme to solar power producers in one of the world’s hottest markets, Energy Secretary Pedro Marin said on Tuesday. Marin said the proposed limit on total capacity of new solar power panels entitled to subsidies in 2009 will be 500 megawatts, which compares […]

ANU, Chinese scientists to make cheap solar energy

Scientists from the Australian National University are working with Chinese researchers to make solar power technology more affordable for households. The new solar panels are being developed by the ANU’s Centre for Sustainable Energy Systems in conjunction with scientists from the Tianjin University in China.ANU project leader Professor Andrew Blakers says the new roof-mounted solar […]

British Columbia’s ethanol standards for gasoline a mistake: scientists

B.C. is taking the wrong approach by mandating that gasoline sold in the province contain five per cent ethanol by 2010, according to some scientific experts. The province says the renewable fuel standard passed last spring will help cut greenhouse gas emissions by replacing five per cent of fossil fuels with renewable fuels. The federal […]

Chrysler unveils electric cars

AUBURN HILLS, Michigan (Reuters) – Chrysler LLC on Tuesday showed off a trio of electric vehicles in development — including battery-powered versions of its Chrysler minivan and Jeep Wrangler — and vowed to bring one of them to showrooms by 2010. By showing off prototypes still in the planning stage, Chrysler was hoping to shake […]

EU lawmakers set to halt carbon curbs

BRUSSELS (Reuters) – European Union lawmakers are set to slam the brakes on plans to curb carbon dioxide emissions from cars, easing the burden on the auto industry in the fight against climate change, documents circulated on Tuesday showed. A draft European Parliament resolution would delay and soften the mandatory emissions limits proposed by the […]

On Texas prairie, wind power is resurgent

ROSCOE, Texas (Reuters) – Fewer people curse the ever-present breeze that sweeps the treeless West Texas landscape these days, where the flat horizon has been overtaken by hundreds of wind turbines that produce electricity for distant city dwellers and new income for rural residents. “Now we love the wind,” said Max Watt as she signed […]

The burning issue

Few now dispute that coal is key to a clean energy future AS the climate change debate moves from the abstract to the concrete, the clean coal sceptics are slowly being mugged by reality. The facts are that almost a quarter of world energy demand is fuelled by coal and 39 per cent of the […]

General vows to ‘break will’ of oil rebels

A Nigerian general has pledged to “break the will” of armed groups responsible for a week-long campaign of sabotage against the oil industry in the Niger Delta by launching more raids on their hideouts. The delta witnessed the most intense series of attacks against the oil industry since early 2006 last week when militants strafed […]

Brazilian Sugarcane Industry: New Biofuels Bill Is a Welcome Boost

SAO PAULO, Brazil, Sept 23, 2008 /PRNewswire via COMTEX/ — A bill designed to strengthen energy cooperation in the Western Hemisphere, approved today by the U.S. Senate Foreign Relations Committee, is a positive step to expands ongoing efforts by Brazil and the United States to promote the production and use of sustainable biofuels throughout Latin […]

US Senate oks extending energy tax credits

WASHINGTON, Sept 23 (Reuters) – The U.S. Senate on Tuesday approved a package to extend $18 billion in tax credits for using renewable energy sources like wind, solar and geothermal and also provide incentives to cut energy consumption. The move, which alternative energy companies had been lobbying for all year, sent shares of solar power […]

Democrats to let offshore drilling ban expire

Democrats have decided to allow a quarter-century ban on drilling for oil off the Atlantic and Pacific coasts to expire next week, conceding defeat in a months-long battle with the White House and Republicans set off by $4 a gallon gasoline prices this summer.

AP

Drivers in the South still scrambling for a tank

RALEIGH, N.C. – More than a week after Hurricane Ike’s strike, drivers across the Southeast are still bouncing between dry pumps and shuttered stations in a frustrating hunt for a fill-up “It’s really ridiculous. You would have thought by now

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