Here comes $500 oil

If Matt Simmons is right, the recent drop in crude prices is an illusion – and oil could be headed for the stratosphere. He’s just hoping we can prevent civilization from imploding. (Fortune Magazine) — Matt Simmons is as perplexed as anyone that it has fallen to him to take on OPEC, Exxon, the Saudis, […]

When the oil stops flowing

It will come as a shock to most Americans and the media, but as the election reaches a crescendo on the issue of preparedness and energy, neither presidential candidate – nor anyone in local, state or federal government – has developed a contingency plan in the event of a protracted oil cut-off. It is not […]

America, meet our ‘long emergency’

In a week when the American economic system reeled and the largest government bailout in the history of planet Earth had begun, and the PG led with a story on the Steelers, I decided to reach out to the man who saw all but the football bit coming, James Howard Kunstler. Mr. Kunstler’s 2005 book, […]

Russian Navy ships head to Venezuela

MOSCOW (AP) Russian navy spokesman Igor Dygalo said the nuclear-powered Peter the Great cruiser accompanied by three other ships sailed from the Northern Fleet’s base of Severomorsk on Monday. The ships will cover about 15,000 nautical miles to conduct joint maneuvers with the Venezuelan navy, he told The Associated Press. The deployment follows a week-long […]

Climate change presses traditional almanacs

Prognosticators create long-range weather charts for the handful of surviving farmer’s almanacs – an old job, done an old way. They eschew Doppler radar and weather satellites and look for clues in the timeless rhythms of nature. But now, the world and the weather don’t look as timeless as they used to. Scientists say the […]

Labour conference: Britain needs coal-burning power stations, warns minister

Britain will suffer blackouts until new coal-fired power stations are built soon, a Cabinet minister is to warn. John Hutton, the Business Secretary will issue the warning in a speech to the Labour Party conference in Manchester. He will also repeat the Government’s determinination to build a new wave of nuclear power plants, which he […]

Pakistan power cuts, another ENRON?

Pakistan continues to suffer growing power outages due to soaring demand and a lack of investment in generation capacity, crippling businesses and leaving 165m consumers sweltering in 42-degree heat without life sustaining energy for up to 16 hours every day for months and years. Karachi Electric Supply Co (KAR:KESC) owners, for example, have failed to […]

U.S. companies see climate risk, but lack plan

NEW YORK, Sept 21 (Reuters) – U.S. companies judge climate change a risk to their business, but lag global companies in setting targets to cut emissions, according to a global survey. “We’re seeing the U.S. play catch up here, but they’ve got a way to go,” Paul Dickinson, chief executive of the Carbon Disclosure Project, […]

Australia: Ethanol ruling ‘to force up food’

ANALYSTS have warned that further food price rises are inevitable after the Queensland Government revealed almost half the ethanol to be blended in petrol used in motor vehicles in the state would come from grain. Queensland will become the national leader in biofuel use after the Bligh Government yesterday pledged to press ahead with plans […]

Biofuel for thought

They were part of the grand solution to reduce our dependence on fossil fuels and to help reduce greenhouse gas emissions. Biodiesel fuels produced from vegetable oils, grain, sugar crops and waste cooking oil would replace a growing proportion of road transport fuel in a slow but steady process of integration. It was agreed that […]

World food balance unclear for next decade-France

France – ANNECY, France, Sept 21 (Reuters) – World farming will face uncertainty for at least 10 years over how far supply and demand can be balanced, implying little short-term relief from price volatility, the EU’s leading agricultural producer France says. In a working paper authored by France and being discussed by EU agriculture ministers […]

Iraq, Royal Dutch Shell to ink gas deal

BAGHDAD (AP) A joint venture with the state-run Iraqi South Oil Co. will then be established to invest in natural gas in the southern oil-rich province of Basra, the spokesman Assem Jihad said. Iraq will control 51 percent of the venture, while Shell will hold the remaining 49 percent in the company, which will exploit […]

Inspections and tests keep much natural gas, oil from flowing

Offshore oil and gas operators continued restaffing their installations Friday in the wake of shutdowns for hurricanes Gustav and Ike, but production startup was slowed by needed inspections and testing of subsea pipelines that bring resources to shore. The federal government said nearly 90 percent of oil and more than 75 percent of natural gas […]

IEA says Asean must kick gas habit

Southeast Asian nations rely too heavily on natural gas and must diversify their power generation to ensure long-term fuel supply, the International Energy Agency (IEA) has said. The IEA, in collaboration with Southeast Asian countries, will hold a workshop on the joint development of fuel diversification in Bangkok next week. Dr Twarath Sutabutr, director of […]

Canada’s role missed in U.S. energy debate: Yergin

BANFF, Alberta (Reuters) – The way Daniel Yergin sees it, the high-stakes debate over energy security in the U.S. presidential campaign has ignored one of the most critical parts of the United States’ oil supply equation: Canada. The United States’ neighbor to the north has quietly become its largest foreign oil and gas supplier, and […]

Gas Hard To Find In Metro Atlanta

ATLANTA — It has been a little over a week since Hurricane Ike forced the closure of oil refineries along the Gulf of Mexico and gasoline production has not yet fully rebounded, but officials say it is getting there. “The gasoline supply situation is improving, but it’s like trying to turn a huge ship. It […]

Buoyed by vast oil wealth, Russia seen shrugging off market collapse

MOSCOW: Buoyed by vast oil wealth, Russia is shrugging off its worst market meltdown in a decade, emerging with its booming economy almost intact, analysts say. The Russian stock market last week saw its sharpest falls since the catastrophic economic collapse of 1998 after suffering the toxic combination of global financial turmoil, falling commodity prices […]

The last bailout

…I think what we are seeing is the convergence of colossal financial mismanagement with energy stringency. Not surprisingly the authorities think that only money is the problem, i.e., there isn’t enough of it available to fill the holes created by the disappearing value of various types of financial instruments. But if energy stringency is also […]

With skyrocketing utility bills, focus shifts to safe heating

As cash-strapped Bay Staters scramble for cheap ways to heat their homes, the state fire marshal is warning that the national energy crisis could unleash a devastating wave of costly and potentially deadly fires this winter. Heating-equipment blazes are the second leading cause of residential fires in Massachusetts, accounting for 14,075 fires, 15 civilian deaths, […]

More drilling needed to face coming oil crunch

If you were to ask me what single issue concerns me the most, I would tell you I am most concerned that the American public is not aware of what they are about to be faced with. It is also concerning to me when I see Russia, the world’s largest oil producing country, awash with […]

How do we become less auto dependent?

With a peak oil conference in Sacramento this week and the 100th anniversary of the first mass-market automobile coming up, it’s a perfect time to re-visit our relationship with that most ubiquitous icon of the American (and California) Dream: The Car. Ford’s 1908 Model T didn’t just mark the start of widespread private automobile ownership. […]

UK: Green light for investing in energy efficient companies

Gordon Brown’s recent pledge to invest Energy efficiency companies include those making “greener” lightbulbs, batteries, fans and lightweight motors. So, measured as a sector, the biggest companies have a combined market capitalisation that is estimated at $390bn (

Australia: ETS threatens gas industry and worse climate change

Australia’s $15 billion gas industry could shrink by more than a quarter by 2020 unless it is protected from the economic effects of the proposed emissions trading scheme. The industry will use new analysis to reinforce its concerns to the Rudd Government that excluding LNG from compensation under the proposed ETS will stall up to […]

Irish group makes biofuel breakthrough

An Irish team of researchers has made a breakthrough in converting algae into biofuel which can be used in cars. New sources of biofuel are being researched as concerns have grown around biofuels made from crops. Biofuels derived from crops such as grain or oilseed have fallen out of favour due to concerns that they […]

Nigerian militants halt ‘oil war’

Nigeria’s main militant group has declared a ceasefire, following a week of attacks on oil installations in the country’s oil-rich Niger Delta. The Movement for the Emancipation of the Niger Delta (Mend) said it had taken the decision after appeals from tribal leaders in the region.“Effective 0100 hours (0000GMT) 21 September, exactly one week after […]

Live Earth show to help light homes with solar energy

India will host the next Live Earth concert to raise funds for lighting homes with solar energy in places where people do not have access to electricity, organisers said. The December event will see U.S. rocker Jon Bon Jovi and Bollywood’s biggest superstar, Amitabh Bachchan share the stage, and is described by organisers as one […]

UK: Wind farm threatens site of Roman villa

Plans to build a windfarm on the site of an ancient Roman villa have sparked a furious row, pitching archaeologists against supporters of wind power. The remains of the villa lie beneath fields outside the village of Tivetshall St Mary, one of the many Roman settlements which once dotted the landscape of what is now […]

Oil Rich Venezuela and Brazil Get Ready for War. But Against Who?

Presidents Chavez and Lula In recent years President Hugo Chavez has become Washington’s ultimate Latin American nemesis, with the Venezuelan leader striving to bedevil the U.S. at every possible opportunity. While his rhetoric and flamboyant attitude might otherwise go unnoticed, Venezuela is an oil rich country and Chavez has used his “petro-dollars” to upgrade his […]

Oman facing major gas shortage

Even with the start of delayed gas imports to Oman in November, the sultanate is still short of gas supplies to meet rapidly growing demand, an Omani newspaper reported the oil minister as saying on Sunday. Abu-Dhabi-based Dolphin Energy will begin supplying 200 million cubic feet per day of gas from Qatar to Oman in […]

Beaverton boy lauded for solar cell invention

BEAVERTON, Ore. It all started with Legos – after he learned nanotechnology to make robots take off. The seventh grader then got an idea inspired by the sun. “Solar it seems underused, and there are only a few problems with it,” Yuan said. Encouraged by his Meadow Park Middle School science teacher, the 12-year-old developed […]

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