Cycles of History

A new economic superpower undermines established economic leaders. The collapse of complex financial instruments turn a boom into a bust. Banks fail in waves. Unemployment reaches up to 25% in some areas. A global depression holds on for more than two decades. Class warfare breaks out. Transportation networks stall — along with industries dependent upon […]

Biofuel Development Shifting From Soil To Sea, Specifically To Marine Algae

ScienceDaily (Dec. 20, 2008) Out of the

Federal energy policy shift likely to be seismic

WASHINGTON Consider two key players: In the Bush White House, energy policy was crafted by a former oil field services company executive

Recession likely to fuel another roller-coaster ride for oil in 2009

It was the year that broke the banks and the back of the global economy. For oil prices, it was the year of the superspike. And for governments and companies making plans for the year ahead, it was a year that bequeathed them a massive dilemma: whether to count on oil prices staying near their […]

Mongabay – Peak coal to follow peak oil?

Governments have greatly overestimated global coal reserves according to estimates presented by a geologist at the annual meeting of the American Geophysical Union in San Francisco. David Rutledge, a professor of engineering at Caltech, estimates economically recoverable coal reserves at 400 billion tons worldwide. By comparison, governments claim 850 billion to 998 billion tons of […]

Utah energy exploration lease sale deal reached

WASHINGTON (Reuters) – The Interior Department has reached an agreement with environmental groups over the controversial sale of energy exploration leases for 100,000 acres of land in Utah scheduled for Friday. The lease sale will proceed as planned, but the Interior Department’s Bureau of Land Management will not finalize any sales of leases on 80 […]

Oil price has found floor: OPEC president

LONDON (Reuters) – Oil prices have found a floor around current levels, OPEC President Chakib Khelil told Reuters on Friday. He was asked if he expected the oil price to fall further: “Not really,” he said. “I don’t believe there is any reason for it to fall any further, I don’t see it going lower.” […]

Oil producers and consumers seek oil price stability

LONDON (Reuters) – The world’s biggest oil producers and consumers called on Friday for cooperation to prevent extreme volatility in oil prices and help guarantee future energy supplies. Opening a meeting of energy ministers from OPEC and the big consuming nations as well as energy companies, British Prime Minister Gordon Brown called for action to […]

Barclays sees drop in oil, gas spending in 2009

NEW YORK (Reuters) – Global spending on oil and gas exploration and production will shrink 12 percent to $400 billion in 2009 as the steep slide in energy prices and tight credit markets reverse a six-year trend of rising budgets, analysts at Barclays Capital said on Friday. Spending in the United States is expected to […]

International Energy Agency says peak oil is coming sooner

…As the cities grew, even more horses were needed and the problem grew steadily worse. One writer in the Times in 1894 estimated that in 50 years, the streets of London would be buried under three metres of manure. In fact, within 35 years the streets of London were almost completely free of horses, and […]

Duck and Cover: Climate News Reporting Routinely Draws Big, Loud Pushback

Publish a climate change-related news story, and be ready for pointed attacks, long knives, and brutal dismissals. And expect accusations of political bias and conspiracy. That Like many other communicators, reporters often find that when they think they

UK: So is this really the great new idea – saving the gas-guzzler?

A public bail-out of Jaguar Land Rover would have nothing to do with rationality, fairness or morality …So, when assessing the plight of Jaguar Land Rover we should ask ourselves – once we’ve thought about all the poor workers – whether we want to live in a world without the 4.2 litre V8 petrol supercharged […]

Amazon pollution case could cost Chevron billions

LAGO AGRIO, Ecuador Now a single judge is expected to rule in the case in 2009 from a ramshackle courtroom in this northern frontier town. Statements from a court-appointed expert suggest Chevron Corp.

Peak Oil, Falling Oil Prices, and the Global Economic Crisis

…Now is anyone surprised that oil prices have collapsed in the past few months? Demand for oil is way down, since people can no longer afford to consume. Far from contradicting the peak oil theory, falling oil prices are an expected result of the super-spikes caused by demand trying to grow against a flat rate […]

‘Drill, baby, drill’ process has begun

WASHINGTON (CNN) — Remember “drill, baby drill”? In its last weeks in office, the Bush administration is starting to make it happen by quietly starting the process of exploration and drilling off the coast of Virginia. The move means that President-elect Barack Obama and brand new interior secretary nominee Ken Salazar — a Democratic senator […]

Robert Bryce: Obama buys the biofuel hype

Ethanol production won’t solve America’s energy problems According to Power’s story, the RFA provided Obama’s team “with some ideas on how to craft the language” on an economic recovery package. Those suggestions include the creation of up to $1bn in short-term credit facilities that could allow ethanol producers to finance their operations” and “a $50bn […]

Glut of oil creates short-term storage problems

Traders locking up storage space for crude created a huge rift in prices Friday between oil that must be delivered in several weeks and oil that can be taken in February. The January contract for crude expired Friday and with stockpiles rising at the key storage facility in Cushing, Okla., the price dropped close to […]

Australia: Bowsers run dry but `no shortage’

QUEENSLAND Premier Anna Bligh has tried to allay fears of a fuel shortage over the Christmas-New Year break — but a local service station has already run dry. A servo at Banora Point was one of the first affected by the shutdown of Caltex Lytton refinery in Brisbane which has sent jitters through the tourism […]

Does Matt Simmons still expect $200 oil in two years?

The price for a barrel of oil has fallen from $145 in July to less than $40. So you might think investment banker Matthew Simmons is worried about his wager that oil will be worth five times that amount two years from now. Convinced that oil production can Is he having second thoughts?

Kunstler: Change You Won

The peak oil story has not been nullified by the scramble to unload every asset for cash That economy is now in its death throes. The

Peak Uranium: What

Now that Japan

Recession Shock Hits the Oil Market

Are Future Shocks and Oil Market Volatility Inevitable?: New CERA Analysis LONDON–(BUSINESS WIRE)–The past 12 months have seen volatility in oil prices on an unprecedented scale. A new special report, Recession Shock: The Impact of the Economic and Financial Crisis on the Oil Market, released today by Cambridge Energy Research Associates (CERA) as part of […]

Energy firms socking away cheap oil

NEW YORK (MarketWatch) — While cheap oil bites into the fortunes of crude production and refining, the oil storage business remains robust as energy players sock away plentiful crude to wait out the current multi-year trough until prices come back. Storage of oil also offers an instant return of $10 a barrel or more tied […]

Matt Simmons: ‘No way’ did oil demand plunge

Simmons & Company Chairman Matthew Simmons says the low price of crude is not reflective of a drastic demand decrease. Fortune (video)

Could plunging oil prices make Tehran more friendly?

Iran will stop exporting fuel oil in the New Year, officials announced yesterday. It needs it for its own people. That is a measure of how the plunge in oil prices from $140 a barrel to $40 is hurting the world All the same, the sharp fall in the oil price, coming at a crucial […]

Low oil prices mean less future supply: Saudi

LONDON (Reuters) – The steep fall in oil prices is causing “havoc” with investment plans in oil producing countries and jeopardizes future oil supplies, Saudi Arabian Oil Minister Ali al-Naimi said on Friday. Naimi told a meeting of producer and consumer countries in London that oil prices, which have fallen by more than $100 a […]

World Bank: Russia may need help if oil falls more

MOSCOW — Russia would come under crippling financial pressure and may need to raise money externally if oil languishes at an average of $30 a barrel over the next two years, the World Bank predicted Friday. The bleak scenario would mark a rapid unraveling of Russia’s oil-fueled economic gains over the past eight years, during […]

OPEC calls on UK to cut fuel duty or risk a long-term spike in oil

Oil cartel OPEC has called on Western governments, including Britain, to cut duty on petrol prices or risk fuelling a much higher oil price in the future. Saudi Arabia’s oil minister Ali al-Naimi and Abdalla S El-Badri, secretary-general of OPEC, said low demand was “wreaking havoc” for oil producers. The producers claimed the collapse of […]

John Holdren to be Obama’s Science Advisor

Eli Kintisch is reporting at the ScienceInsider blog that John Holdren, who is a Professor of Environmental Policy and Director of Program in Science, Technology, and Public Policy at Havard’s John F. Kennedy School of Government will be tapped as science advisor by President-elect Barack Obama. In his salad days, Holdren was a paid-up member […]

Grant for marine biofuel project

A Scottish-led project to develop fuel sources from the sea has been give a The Scottish Association for Marine Sciences in Oban will lead development work with partners from Ireland. They will look at the viability of using marine biomass from seaweed and algae as an alternative to agri-fuel production from land-based plants. BBC

« 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