Peak Oil And The Century Of Famine

…Depletion of oil and other fossil fuels will greatly affect food production. In terms of its effects on daily human life, in fact, the most significant aspect of oil depletion will be the lack of food. Over the next few decades, therefore, there will be famine on a scale several times larger than ever before […]

Citgo suspends low-income heating oil program

BOSTON (AP) The program, started in 2005 with Citizens Energy, a nonprofit headed by Kennedy, sent 100 gallons of free oil a year to eligible households. “It remains unclear how long this postponement, if it is one, will last,” Kennedy said in a statement on the Citizens Energy Web site. “All of us at Citizens […]

RCMP investigate fourth pipeline bombing in B.C.

The site of what appears to be a deliberate explosion was discovered on Sunday after Encana gas line workers located the partial destruction of a metering shed at a well head site near the community of Tomslake, B.C. RCMP General Duty members immediately secured the scene after the discovery, according to an RCMP news release. […]

And the winner is…

MINNEAPOLIS (Reuters) – Democrat Al Franken will be declared the winner of the tight U.S. Senate contest in Minnesota, emerging from a ballot recount with a slim margin over Republican Norm Coleman, state officials said on Sunday.But Coleman, the incumbent, has asked Minnesota’s supreme court to require that a few hundred additional absentee ballots be […]

Lead for car batteries poisons an African town

Battery recycling leaves deadly levels of contamination, claims 18 children …Thiaroye Sur Mer is a town of 100,000 where yearly rains leave people wading through knee-deep water inside their cement-block houses. A train track bisects the town and daily trains speed through just a few steps from homes. The ocean used to supply a livelihood, […]

Oil Curve Steeper Than ‘99 Shows Possible Gain in ‘09

(Bloomberg) — The steepest plunge in crude prices on record may be setting up oil investors for a rally this year, if history is any guide. The so-called forward curve of futures contracts traded on the New York Mercantile Exchange suggests oil will rise 28 percent to $60.10 a barrel by December. The curve looks […]

Bill McKibben – Think Again: Climate Change

Act now, we Every national academy of science, long lists of Nobel laureates, and in recent years even the science advisors of President George W. Bush have agreed that we are heating the planet. Indeed, there is a more thorough scientific process here than on almost any other issue: Two decades ago, the United Nations […]

The Law of Unintended Consequences: 20th Century and Beyond

…The pundits concluded that oil reaching $147 a barrel was due to speculators. Once the speculators were forced out, oil prices collapsed. Their view is that this temporary crisis has passed and life will go back to normal. American oil demand declined by 13% in September 2008, but Chinese demand grew by 28%. Auto financing […]

Electric Car Drives 32,000 Miles On Solar Power

A new electric car that is solar-powered has traveled 32,000 miles through 38 countries. The vehicle gave rides to about 1,000 people and can travel up to 55 mph. The first electric car has completed a trip around the world. The journey took 17 months to complete. The electric vehicle traveled across 32,000 miles powered […]

As oil and economy tank, Russians become fearful

There are many oft-quoted indicators of Russia’s suffering economy — the nation’s international reserves have fallen by more than 25 percent since August; the major stock indices recently plummeted by 70 percent; and the ruble has been sliding — it’s now selling at exchange houses for about 30 to the dollar, compared with 23.5 five […]

China Accelerates Filling Up Its Oil Reserves

As the U.S. seeks to stockpile oil, China has been doing the same, observers say, and is expected to quicken the pace — a development that already may be helping to boost oil prices. On Friday, the U.S. Department of Energy said that amid low oil prices, it aims to fill the country’s Strategic Petroleum […]

Iraq Production, Conservation Could Keep Oil Price in Check for Years

I’ve always said that the apparent peaking of the global oil supply at about 86 mb/d that was seen during 2006 – 2008 in the face of rising demand was only partly due to the Peak Oil concept of rapid decline rates in old fields and the eventual inability of new fields coming on stream […]

Japan Geothermal Projects Pick Up After 20 Years: Report

Several Japanese firms will kick off new projects to build geothermal power plans this year for the first time in nearly two decades, the Nikkei business daily reported on Saturday. Mitsubishi Materials Corp, Electric Power Development Co, or J-Power, Nittetsu Mining Co Ltd and Kyushu Electric Power Co will lead the way, and the government […]

Cleantech: The Sixth Industrial Revolution

In late December, I started to explain why I believe the energy storage sector needs to take baby steps before it can run and ended up doing a cost-benefit analysis of electric vehicles. Today I’m going to take another step back and try to concentrate on broader issues that will make the sixth industrial revolution […]

Canadian oil-sand mines stuck as crude price plummets

Canada’s once booming oil sands industry is cooling fast as the plunging oil price undermines investment. More than US$60 billion ( As much as 175 billion barrels of oil are contained in the oil-rich sands of the Athabasca region – second only to Saudi Arabia in a ranking of different countries’ proven oil reserves. But […]

Low price of oil will fuel UK economy

The research institution has calculated that if oil prices stabilise at $20 a barrel, it would ensure that the economy grows by 0.4pc more than it otherwise would this year and by 0.8pc more than expected in 2010. However, the fall will cost the Exchequer a significant amount in lost tax revenues, potentially reducing the […]

Kurt Cobb: No second chance

It is the mission of nearly every mainstream economist to overcome the pessimism of those who study the natural world and who don’t see how the human endeavor can continue on its current course of endless exponential economic growth. “Now, now,” these economists will say to the natural scientists, “you are being alarmist just like […]

The dark side of falling energy prices

As natural gas prices drop and funding gets scarce, there is not enough cash to finance current drilling levels. Then, when the economy — and demand for gas — picks up, supplies are short. So look for prices to spike then. Brrrr. Winter came early to the Twin Cities, with a boatload of snow and […]

The curse of Nigerian oil

Attacks on oil industry facilities and kidnappings for ransom are frequent in the creeks of the Niger Delta, which is home to Africa’s biggest oil and gas industry. The BBC’s Sue Lloyd-Roberts argues that Nigeria’s “black gold” has brought wealth to a few but fuels greed and corruption on a grand scale. After spending just […]

Russia gas disruption spreads to Czechs, Turks

* Czech Republic says supplies down 5 pct * Ukraine accuses Gazprom of cutting deliveries to Europe * Russia alleges Ukraine stealing more gas * EU prepares for emergency meeting on Monday …European energy firms, which received about a fifth of their gas via pipelines through Ukraine, said they had enough gas stockpiled to maintain […]

Depression: a nation in pain

On Dec 15, 1935 , a High Point woman wrote President Franklin D. Roosevelt about her underwear. She didn The family also needed money for rent, food and fuel. The woman said her husband made only $6.75 a week, not enough to feed and clothe a family of nine .

Agip pipeline sabotaged in southern Nigeria: army

LAGOS (AFP) Agip was not immediately available to comment on the scale of the damage caused by the attack, which hit the Odimodi-Ogulagha segment of the pipeline in Delta state. No group immediately claimed responsibility. “Given that dynamite was used I’m working on the basis it was sabotage,” Rimtip said, ruling out the possibility of […]

Canada: Hey! Who

…As an award-winning agrologist, Holm focuses on food and agriculture. She sees the SPP as a direct threat to Canadian farmers (who would lose the protection of supply-management regimes) and Canadian consumers. “Canadians have not put a priority on farm and food policy because as a nation we have never gone without,” Holm writes. “Embarrassingly, […]

Cut oil sales to Israel backers – Iranian commander

TEHRAN (Reuters) – An Iranian military commander called on Islamic countries to cut oil exports to Israel’s supporters in response to the Jewish state’s offensive in Gaza, the official IRNA news agency reported on Sunday. IRNA, giving only his last name, quoted commander Bagherzadeh as saying oil was “one of the powerful elements of pressure” […]

Global Warming May Become the Instigator of World War IV

Global warming is the cause of a number of damaging effects to the earth and its inhabitants, such as climate change, glacier retreat, rising sea levels, and now we may have a new threat on the horizon… world war! According to the 2007 CNA Corporation report, there is clear indication that as the tensions of […]

Canada’s Africa Oil stops Somali exploration: staff

DHAROOR, Somalia (Reuters) – Canadian oil and gas exploration company Africa Oil Corp has stopped exploration in Somalia’s Puntland region for lack of funds, local staff and contractors said on Sunday. The company had started seismic mapping in a region it believed had strong prospects of holding rich oil deposits like those in geologically similar […]

Solar Panel in a Most Unlikely Place

Browsing through this set of photos of one man’s trek through the Caucasus mountains in the eastern European country of Georgia, I was awed by the sight of a solar panel on a home that resembled a centuries-old stone barn. As one commenter on the page noted, apparently the future of technology is to be […]

Moscow, Kyiv in Blame Game Over Europe’s Energy Shortfall

Flows of Russian gas to four European Union countries were below normal levels on Saturday following Moscow’s decision to cut off supplies to Ukraine in a pricing dispute on January 1. Gasprom, meanwhile, has accused Ukraine of dragging its feet in the negotiations over disputed gas contracts and no talks were in sight to resolve […]

Where Will Oil End 2009?

Is 2009 going to be an exciting year for oil? Institutional investors don`t think so. Their estimates are very similar – much of Wall Street expects oil prices to average about $50 a barrel in 2009. Some of the firms and their specific forecasts:Deutsche Bank predicts an average price of $47.50 for all of 2009; […]

Hamas holding natural gas discoveries off coast of Gaza hostage in 2006?

Why It Rains: Hamas holding Israeli gas reserves hostage British Gas, the company that signed an agreement to sell Gazan gas to the international market. An unexpected energy windfall on Israel’s doorstep promises to resolve Israel’s energy security concerns for years to come. Unfortunately for Israel, it is the Palestinian Authority that controls the licensing […]

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