Greenland: roar of melting glacier sounds climate change alarm

ILULISSAT, Denmark (AFP) – Flying low over the vast, white expanse of Greenland’s Ilulissat glacier, one of the biggest and most active in the world, the effects of global warming in the Arctic are painfully visible as the ice melts at an alarming rate. The helicopter lands on a granite cliff overlooking the Ilulissat ice […]

U.S. Says 67% of Gulf Oil Output, 62% of Natural Gas Idled

(Bloomberg) — U.S. energy producers have resumed output for about 33 percent of oil and 38 percent of natural-gas production in the Gulf of Mexico after storms in the region. Energy companies reported that 4 rigs and 203 production platforms remain evacuated from hurricanes earlier this month, the Minerals Management Service said today in a […]

Oil Short Squeeze Prompts Call to Curtail Speculators

(Bloomberg) — U.S. lawmakers may seek to include commodity speculation limits in legislation designed to rescue banks from bad mortgage investments after a squeeze in oil trading sent crude to a record gain. Crude oil for October delivery yesterday climbed more than $25 a barrel in New York Mercantile Exchange trading, before settling 16 percent […]

Mexican oil production falls 9 percent

MEXICO CITY: Mexico’s state-run oil company says output fell 9 percent to 2.83 million barrels a day in the first eight months of the year. Petroleos Mexicanos says sagging oil production is due a drop at its main Cantarell oil field. Output there was down by 26 percent to 998,000 barrels a day. The company […]

Will the Chevy Volt save the world?

Please! It isn’t even enough to save General Motors. NEW YORK (Fortune) — Given the prolonged drum roll of publicity that accompanied the unveiling of the Chevrolet Volt electric vehicle last week, it isn’t surprising that any number of onlookers got caught up in the enthusiasm. When people begin referring to it as a “game […]

Methane released in the Arctic could raise global temperatures

Millions of tons of methane stored beneath the Arctic seabed is bubbling up to the surface and being released into the atmosphere as the region warms up and the ice retreats, scientists have said. The gas is said to be 20 times more powerful than carbon dioxide and scientists have warned that it could accelerate […]

Gas Shortage Fuels Fights

Fights broke out between motorists waiting in long lines for fuel at an Asheville station and managers called police for help. The Asheville Citizen-Times reported that three fights occurred Monday at Roadrunner Shell. Station manager Marsha Messer directed lines of cars in her lot and said people are panicked about the shortage. x …Buncombe County […]

Hungry Congo could help feed the world: expert

… A lack of roads to bring produce to market in Congo’s urban centres mean much of what is consumed in cities is imported. As a result, Congo has been one of the countries worst hit by rising food prices linked to high oil and transport costs. Though much of this can be blamed on […]

Why ”Drill, Baby, Drill!” Does Not Translate Into Effective Energy Policy

…The overall quantitative picture for United States oil production today is one where the effect of increased drilling is essentially like putting more straws into the same cup. Actually, it The fact that the slopes of all the power laws are more steeply negative than -1 can be illustrated by a short parable. You

Life Changes

With higher energy costs driving up the price of everything — driving your car as well as eating — and warnings that Earth’s increasingly hostile climate is only going to reduce man’s capacity to produce food, what some yearn for is the promise that this is all just a temporary setback. That your cruise-controlled, climate-controlled, […]

Greenland’s ice cap melting faster than expected: experts

COPENHAGEN (AFP) – Greenland’s ice cap, which covers more than 80 percent of the island, is melting faster than expected because of global warming, a Danish researcher said on Monday. The 1.8-million-square-kilometre (695,000-square-mile) ice cap, which accounts for 10 percent of the planet’s fresh water, is losing about 257 cubic kilometres (62 cubic miles) of […]

U.S. regulators review huge NYMEX oil price surge

WASHINGTON (Reuters) – The U.S. regulator of futures markets said it was reviewing the historic jump in crude oil prices on Monday to assure the trading was valid. The U.S. crude oil expiring contract for October soared by $16.37 to settle at $120.92 a barrel. At one point, the contract was up by $25.45 a […]

China’s August oil demand strong but outlook muted

BEIJING (Reuters) – China’s apparent oil demand grew a strong 7 percent in August from a year earlier, as energy firms made a last month of massive imports to bolster stocks for the Olympics, even as domestic demand started to flag. Oil traders and analysts said they were looking beyond the August data, because it […]

Crude Oil Futures Post Record Gain as

Crude oil futures zoomed more than $16 a barrel yesterday (Monday) – and traded as high as $130 a barrel – thanks to a steep decline in the U.S. dollar and speculation that the Bush administration At that price level, gasoline would cost more than $10 per gallon. Crude oil for October delivery soared $16.37 […]

Peak Oil Review – September 22

1. Oil and the financial crisis 2. Gasoline shortages 3. War in Nigeria 4. Briefs 1. Oil and the financial crisis Two hurricanes, one financial and one meteorological, took control of the oil markets last week. The week started quietly with oil prices, which had been coming down steadily for two months, falling below $99 […]

U.S. officials seek clean coal technology

WASHINGTON, Sept. 22 (UPI) — The U.S. Department of Energy announced an $8 billion solicitation in federal loan guarantees for projects employing new clean coal technology. Energy Department officials said the projects should employ advanced technologies that avoid, reduce or sequester emissions of air pollutants or greenhouse gases in the area of coal-based power generation, […]

Birds decline seen sign of biodiversity crisis

WASHINGTON (Reuters) – Many of the world’s most common birds suffered steep population drops over recent decades, a sign of a deteriorating global environment and a biodiversity crisis, BirdLife International said on Monday. “Birds provide an accurate and easy-to-read environmental barometer, allowing us to see clearly the pressures our current way of life are putting […]

The Race for Energy: What Will It Mean for Western Firms?

Rising energy demand from China and India has unleashed a worldwide race to secure access to scarce fossil fuel resources, a more difficult proposition with the emergence of national oil companies in the resource-owning countries. While Western companies will likely feel the pain of increasing energy costs, there is a potential upside to global energy […]

ANALYSIS-U.S. agriculture squeezed by demand, climate

ST. LOUIS, Sept 21 (Reuters) – U.S. agriculture faces the daunting task of growing enough crops to meet the demands of both a hungry world and the booming new biofuels industry while reducing its impact on climate change. That formidable challenge hung over discussions this week at a U.S. soybean industry conference that chewed over […]

Burying CO2 could pay for itself by 2030: report

BRUSSELS (Reuters) – Trapping and burying carbon dioxide from power plants could become viable without public funding by 2030, helping nations reduce their dependence on energy imports and meet climate goals, a report said on Monday. But that could happen only if obstacles to the technology are removed and polluters are forced to pay more […]

US generals planning for resource wars

ANALYSIS: The US military sees the next 30 to 40 years as involving a state of continuous war against ideologically-motivated terrorists and competing with Russia and China for natural resources and markets, writes Tom Clonan […] Under the auspices of the US department of defence and department of the army, the US military have just […]

Melting Ice Brings Competition for Resources

Climate change is freeing the Arctic of ice — and spurring a global competition for the natural resources stored beneath. Countries that border the sea are staking new territorial claims and oil giants are dispatching geologists. But what will the tug-of-war mean for the indigenous people and wildlife? Bo Madsen, a climate researcher, is plagued […]

Ike blamed for gas shortage in Southeast

HOUSTON

Easy Pickens?

While touting his plan to wean us off foreign oil, Texas billionaire T. Boone Pickens makes no bones about being heavily invested in the natural gas he wants us to use in our cars. Nor does he deny the wind generated on his 200,000-acre wind farm would inflate a fortune accumulated selling fossil fuel. But […]

New realities in the Strait of Hormuz

WASHINGTON – For decades, one of the reliable nightmare scenarios for the world has been the closure of the Strait of Hormuz. In the Cold War era those charged with coming up with worst-case scenarios would conjure up a southward push by the Soviet Union to seize control of Persian Gulf oil fields and restrict […]

‘Earth Overshoot Day’ to mark overuse of resources

PARIS (AFP) – Green groups will stage “Earth Overshoot Day” on Tuesday to draw attention to estimates that people are gobbling up 40 percent more in resources than the planet can currently replenish. Over-population and gluttonous lifestyles are driving destruction of forests, fisheries, biodiversity and soil quality, while climate change is inflicting droughts and flooding […]

Economic crisis threatens EU measures on climate change

BRUXELLES (AFP) – The recent economic downturn could push the European Union to adopt more modest ambitions in its fight against climate change. …Faced with the threat of job losses, governments are feeling the pressure. “As the economic situation becomes more challenging, it’s normal that government becomes more defensive on climate change as the required […]

Oil spikes $25 a barrel on anxiety over US bailout

NEW YORK – Oil prices spiked more than $25 a barrel Monday The November contract, scheduled to become the front-month contract at the end of Monday’s session, was trading at $108.80, up $6.05. Crude has gained about $40 in a dramatic four-day rally that has at least temporarily halted oil’s steep two-month slide below $100. […]

South Copes With Severe Gas Shortages

…Drivers throughout the South have faced gasoline shortages, closed stations, high prices and long lines at the pump for the last several days. Hurricanes Gustav and Ike slowed production at oil refineries on the Gulf Coast and knocked out power along many pipelines to the South. The shortages were widespread over the weekend, as gasoline […]

Climate change linked to increased military threats

Defence Force chiefs were told last night they could be called on to defend ”Fortress Australia” from starving outsiders under the worst-case scenarios for global warming. The security implications of climate change were delivered to the military’s top brass at the Australian Defence Force Academy by former director of The Australia Institute Professor Clive Hamilton. […]

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