Mexico, Pakistan face ‘rapid and sudden’ collapse: Pentagon

A new Pentagon report that tries to predict the type of challenges the U.S. military will face over the next 25 years warns that Mexico and Pakistan could face a “rapid and sudden” collapse. “The Mexican possibility may seem less likely, but the government, its politicians, police and judicial infrastructure are all under sustained assault […]

Why We’ll See $200 Oil Soon

Will oil prices drop to $20, or will they catapult to $200? In the short-term, it is anyone’s guess. In the long-term, the answer is simple — if we use a little history and a bit of common sense. Growing up in an oil family and working within the industry for the past decade, I […]

The New Paranoia: Hedge-Funders Are Bullish on Gold, Guns, Inflatable Lifeboats

During the final months of 2008, as the financial markets imploded, talk on trading desks turned to food and water stockpiles, generators, guns, and high-speed inflatable boats. He

World oil demand to shrink sharply this year: IEA

LONDON (Reuters) “Forecast global oil demand has been sharply revised down for 2009, following a reassessment of global economic prospects,” the adviser to industrialized nations said in its monthly report. “Global GDP growth has been roughly halved to 1.2 percent, given the worsening outlook in OECD and non-OECD countries alike. The expected two-year contraction in […]

Storing sun

It’s widely accepted that our future energy needs will be met by experimental and theoretical technologies. Possibilities include “clean” coal, advanced “breeder” nuclear reactors, hydrogen fuel cells, and batteries with enough storage capacity to back up power plants. Nathan Lewis, a chemistry professor at the California Institute of Technology, has spent three decades researching another […]

Biofuel Carbon Footprint Not As Big As Feared

ScienceDaily (Jan. 15, 2009) “Greenhouse gas release from changes in land use

The Peak Oil Crisis: Renovating Suburbia

There has been a lot written lately about the coming demise of America’s suburbs. The general thesis is that without cheap fuels for cars, lawnmowers and heating, suburban living will become untenable. People will be forced to abandon their homes and make their way to cities, small towns or rural communities where they can survive […]

Automakers all charged up over electric cars

Mass-produced sedan around the corner, driven by battery technology Just a few years ago, the world

Transport can help propel world to greener future

TOKYO (Reuters) – Shipping, airlines and road transport need to clean up their emissions and help drive governments toward policies to fight global warming, a top U.N. official said on Thursday. The transport sector accounts for more than 20 percent of mankind’s carbon dioxide emissions, and further growth is likely given rising demand for cars, […]

Economic stimulus bill pushes renewable energy

WASHINGTON (Reuters) – The $825 billion economic stimulus package unveiled by Democrats in the House of Representatives on Thursday contains billions of dollars in tax breaks for renewable energy as well as spending for energy efficiency and transmission. The legislation aimed at reinvigorating the U.S. economy, which is currently in a recession, would provide $20 […]

Sun-reflecting crops could ease global warming

LONDON (Reuters) – Farmers could help produce cooler temperatures and limit global warming if they grow crop varieties that reflect more sunlight into space, British researchers said on Thursday. Using a global climate model, they found this strategy could cool much of Europe, North America and parts of North Asia by up to one degree […]

Oil price weakness pressures Iran, Venezuela: CIA

WASHINGTON (Reuters) – Weak global oil prices threaten to destabilize major oil producers Iran and Venezuela, but Russia is better able to manage because of its sovereign investments, CIA Director Michael Hayden said on Thursday. “Here’s one (event) that’s destabilizing, but it could be positive,” Hayden told reporters. He said global prices hovering around $40 […]

Where Is Oil Going Next?

HOUSTON Some producing countries are trying to force that rise by using the tankers to withhold oil from the market, while traders are trying to profit by buying cheap oil now to store and sell at a higher price later. Oil storage has become so popular that onshore tank capacity is becoming scarce. Only six […]

Venezuela’s PDVSA Falls Behind on Payments to Oil Service Firms

Venezuela’s state-owned energy company is struggling to pay its bills as cash flow dries up due to rock-bottom oil prices. Petroleos de Venezuela SA has fallen several months behind on payments to oil service companies and other suppliers that keep its oil business running, a source of concern for many in the industry. Oil company […]

OPEC Cuts Demand Estimate for Its Crude on Recession

(Bloomberg) — The Organization of Petroleum Exporting Countries, supplier of more than 40 percent of the world OPEC agreed to a record 9 percent reduction in supply targets at its last meeting in December to try to halt the plunging price of oil, which has dropped more than $100 a barrel in New York in […]

Yale survey: Americans eager to reduce their energy use

New Haven, Conn. — Many Americans have already taken action to reduce their energy use and many others would do the same if they could afford to, according to a national survey conducted by Yale and George Mason universities. Roughly half of the 2,164 American adults surveyed last September and October said they had already […]

Energy-efficient water purification made possible by Yale engineers

Yale doctoral student Robert McGinnis and his advisor Menachem Elimelech, Chair of Chemical and Environmental Engineering, have designed systems that harness the power of osmosis to harvest freshwater from non-potable sources, including seawater and generate electricity from low-temperature heat sources, such as waste heat from conventional power plants. Yale University is commercializing their desalination technology […]

Top 7 alternative energies listed

The US could replace all its cars and trucks with electric cars powered by wind turbines taking up less than 3 square kilometres – in theory, at least. That’s the conclusion of a detailed study ranking 11 types of non-fossil fuels according to their total ecological footprint and their benefit to human health. The study, […]

Advice To Pres. Obama (#2): Yes We Can, But Will We?

We are at a major crossroads in the history of our nation and our world. There are dozens if not hundreds of salient aspects of our supply and demand situation, each with its own cheerleaders, opponents and unaware. Myopic focus on any particular issue runs the risk of creating more long term harm than good. […]

Getting real: The high cost of electric cars

The eco-friendly vehicles are important, according to a new study, but we need to take a hard look at the price tag. NEW YORK (CNNMoney.com) — Electric cars have a big role to play in reducing the world’s greenhouse gas emissions, but it’s going to cost a lot, according to a new report. It could […]

Back on Tracks

A nineteenth-century technology could be the solution to our twenty-first-century problems. …By all rights, America Yet despite this astounding potential, virtually no one in Washington is talking about investing any of that $1 trillion in freight rail capacity. Instead, almost all the talk out of the Obama camp and Congress has been about spending for […]

34 Offshore Platforms in GOM Still Shut-In after Hurricanes Gustav and Ike

Offshore oil and gas operators in the Gulf of Mexico are reboarding platforms and restoring production following both Hurricane Gustav and Hurricane Ike. The Minerals Management Service is monitoring activities for both hurricanes through its Continuity of Operations Plan team. Based on data from offshore operator reports submitted as of 11:30 a.m. CDT today, personnel […]

Placing a gigantic one-way bet against the planet

THOMAS LICCARDI could have been New York This is one tiny vignette in an unfolding financial crux whose magnitude and depth is still impossible to gauge. This crisis in turn is but one of

Morgan Stanley Said to Seek Supertanker to Store Crude Oil

(Bloomberg) — Morgan Stanley is seeking a supertanker to store crude oil, joining Citigroup Inc. and Royal Dutch Shell Plc in trying to profit from higher prices later in the year, four shipbrokers said. The bank, the second-biggest U.S. securities firm until becoming a bank-holding company in September, has yet to find a suitable vessel, […]

Ukraine rejects Russia’s latest gas request

KIEV, Ukraine With the cutoff of Russian gas supplies via Ukraine in its ninth day, there was little sign of an end to the delivery drought despite the EU’s vocal objections. After visiting Kiev and Moscow to press his case Wednesday, the prime minister of gas-starved Slovakia said he had little hope that deliveries would […]

Chavez Allows West to Make Oil Bids as Prices Plunge

CARACAS, Venezuela But faced with the plunge in prices and a decline in domestic production, senior officials have begun soliciting bids from some of the largest Western oil companies in recent weeks

Greenhouse-Gas Limits Touted by Industry to Congress

The most detailed proposal yet by industry and environmentalists to reduce U.S. greenhouse-gas emissions will call for raising the costs of new coal plants and rewarding nations for protecting forests. Rio Tinto Group, General Electric Co. and U.S. electricity producers will present the proposal tomorrow to a congressional committee and recommend Congress will hear the […]

Is 450 ppm politically possible? Part 8

A U.S. climate bill should set a target of reducing U.S. greenhouse gas emissions 20 percent to 30 percent below 1990 levels by 2020. That conclusion is based on the latest science from the Intergovernmental Panel on Climate Change and NASA, among others, but it also involves matters of timing and U.S. cap-and-trade design. To […]

Biofuels ad banned by ASA after George Monbiot complaint

A complaint to the advertising watchdog by Guardian columnist and environmental campaigner George Monbiot has caused a national press ad claiming biofuels offer a sustainable alternative to oil to be banned. The national press campaign, by the Renewable Fuels Association (RFA), was headed “Opec rakes in billions, but blames biofuels Copy in the ad formed […]

Mexico sees daily oil at 3 million barrels by 2015

MEXICO CITY (AP) Output will hover at 2.7 to 2.8 million barrels a day through 2010, and start increasing in 2011 to reach 3 million barrels a day in 2015, Kessel said. Oil is Mexico’s biggest source of foreign income and finances about 40 percent of its annual budget, but sagging investment by cash-strapped state […]

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