Gas mining company provides water after methane found in private wells

DIMOCK TWP. — Cabot Oil and Gas installed fresh water supplies this week at four residences where methane has been found in private water wells. The company, which is extracting gas from the Marcellus Shale in the region, also hired a water well installer to inspect wells at two additional residences today where the state […]

Aiming for a soft landing

Whether we like it or not, the unprecedented double challenge of peak oil and global warming is already transforming our lives. As with the current financial meltdown, these now crises have been developing rapidly, largely without the concern and scrutiny of U.S. political leaders or the media. Like the melting ice in the Arctic, the […]

Freedom and the price of oil

…Our current energy crisis is less immediately dramatic but more ominous in long-term outlook. The price of oil has fluctuated wildly in the past year, tending to obscure the arguments about whether we have in fact reached, or come close to, the moment of peak oil predicted by geoscientist M King Hubbert. But even if […]

A Clean Coal Confrontation

Oxymoron or goal within reach? Industry and environmentalists get down and sooty. On the campaign trail, President Obama embraced the coal industry’s vision of “clean coal” technology. But even before he took office, a coalition of environmental groups (including Al Gore’s) launched ads ridiculing the idea as a myth: “In reality, there’s no such thing […]

Drought spurs Calif. farmers to slash planting

‘It’s ugly,’ one grower says as tomato, melon and almond crops face hit SAN FRANCISCO – Some of the nation’s largest farms plan to cut back on planting this spring over concerns that federal water supplies will dry up as officials deal with the drought plaguing California. Farmers in the Central Valley said Thursday they […]

EPA objects to coal plant, Sierra Club claims new day

LOS ANGELES (Reuters) – Environmentalists claimed on Friday that a new era regarding coal-fired power plants had arrived with the Obama administration after the U.S. Environmental Protection Agency turned back South Dakota’s approval of a big coal-fired power plant in that state because of pollution concerns. “EPA is signaling that it is back to enforcing […]

Japan launches satellite to monitor greenhouse gases

TOKYO (Reuters) – Japan launched a satellite on Friday to monitor greenhouse gases around the world in the hope that the data it gathers will help global efforts to combat climate change. The satellite, called “Ibuki” or “vitality” in Japanese, will enable scientists to measure densities of carbon dioxide and methane from 56,000 locations on […]

Credit crunch to keep lid on energy trading

LONDON (Reuters) – Fallout from the credit crisis looks set to keep a lid on activity in over-the-counter trading in energy markets, where liquidity has not recovered nearly six months after the crisis hit. Volumes overall in over-the-counter oil trades, such as price swaps, used to hedge price risk or simply take a punt on […]

U.S. independent oil companies hiring-for now

HOUSTON (Reuters) – Unemployment lines across the United States are growing, but demand for workers in the oil patch remains healthy with exploration and production companies still hiring workers in anticipation of the next leg up in oil and gas prices. Even so, the sector got a surprise last week when ConocoPhillips (COP.N), the third […]

James Lovelock

There is one way we could save ourselves and tat is through the massive burial of charcoal. It would mean farmers turning all their agricultural wasteTreehugger

Oil Storage At Record Levels As Speculators Await Higher Prices

When news reports mention the price of oil, they are usually referring to the price of a barrel of the benchmark West Texas Intermediate crude, and that price often depends on how much of it is in large storage tanks near the small town of Cushing, Oklahoma. Paying storage costs may prove profitable if oil […]

Oil Is Dead. Long Live Oil!

In late June I wrote here that the sky-high price of oil made no sense, and urged investors to get out. This was back when virtually everybody took it as holy writ that the world was rapidly running out of oil, and that unceasing demand growth from the United States and the developing economies of […]

Pemex Plans $20B E&P Investment to Boost Production

Mexican state oil monopoly Petroleos Mexicanos will increase its total debt load by $2.5 billion to $3 billion this year, as the company plans to boost investments to nearly $20 billion. During a Thursday meeting with journalists, Pemex CEO Jesus Reyes Heroles said the company plans to carry out an aggressive investment program in an […]

Stimulus: Stuck on cars

Critics say spending focuses too much on highways and not enough on public transport. NEW YORK (CNNMoney.com) — A major chunk of the stimulus plan dealing with transportation is drawing fire for focusing too much on building new highways and not enough on regular maintenance projects and public transport. The House has budgeted $30 billion […]

Water wars in pipeline for a parched planet

A SWELLING global population, changing diets and mankind’s expanding “water footprint” could be bringing an end to the era of cheap water. The warnings, in an annual report by the Pacific Institute in California, come as ecologists have begun adopting the term “peak ecological water” — the point where, like the concept of “peak oil”, […]

Tajikistan warns of possible water shortage crisis

Some Central Asian countries could be hit by severe water shortages this year because power-starved Tajikistan has been draining its reservoirs to generate electricity, the country’s foreign minister said Wednesday. To compensate for a shortfall caused by the suspension of electricity from Turkmenistan, Tajikistan is taking unusually high volumes of water from its main reservoirs […]

$20 billion clean energy bill clears hurdle

WASHINGTON – The U.S. House Ways and Means Committee on Thursday approved $20 billion in tax credits and related financial incentives for renewable energy and energy efficiency The economic stimulus package would extend by three years, to the end of 2012, the date that wind facilities would have to be in place to be eligible […]

Americans driving less

Gas prices spiked last year and motorists drove 112 billion fewer miles, according to a federal report. NEW YORK (CNNMoney.com) — As gas prices spiked last year, American motorists responded by driving less. Motorists drove 112 billion fewer miles during the 13-month period between November 1, 2007 and November 30, 2008 compared with the year-prior […]

Industrialization of China increases fragility of global food supply

Global grain markets are facing breaking point according to new research by the University of Leeds into the agricultural stability of China. Experts predict that if China’s recent urbanisation trends continue, and the country imports just 5% more of its grain, the entire world’s grain export would be swallowed whole. The knock-on effect on the […]

Deffeyes: President Obama

President Obama’s inaugural address contained several lines relevant to the peak-oil problem. Here are some comments: “Let it be said by our children’s children that when we were tested, we refused to let this journey end . . . “ The most common question that I get in my e-mail traffic is, “What about my […]

Dmitry Orlov: Perestroika 2.0 beta

Congratulations, everyone, we have a new president: a fresh new face, a capable, optimistic, inspiring figure, ushering in a new era of responsibility, ready to confront the many serious challenges that face the nation; in short, we have us a Gorbachev. I don’t know about you, but I find the parallel rather obvious. Obama wishes […]

It’s big, expanding and has a carbon footprint to match

A riddle. It’s invisible but ubiquitous, and growing exponentially. Even as it provides the capacity to reduce greenhouse gas emissions, its own carbon footprint is ever larger. It is the fuel of clouds and the stuff that races through fibre optic cables at the speed of light. It is, of course, the internet, or more […]

Consultant: OPEC cutting output as promised so far

OPEC will cut supplies by about 5 percent this month as the group implements production constraints announced in December, according to preliminary estimates from consultant PetroLogistics Ltd. Oil supply from 11 members of the Organization of Petroleum Exporting Countries subject to quotas will average 26.15 million barrels a day in January, down from 27.65 million […]

Nigeria: Soludo – Obama’s Energy Policy, Threat to Nigeria

Twenty-four hours after Barack Obama became the 44th President of the United States of America, the Governor of the Central Bank of Nigeria (CBN), Professor Chukwuma Soludo, has warned that the energy policy of the new administration may spell doom for the Nigerian economy. He said Obama’s proposed vigorous search for alternative energy to drive […]

Climate change ‘worse than first thought’ – Stern

The author of a key government report on climate change has said the situation is even worse than he previously thought. Lord Nicolas Stern woke the world up to the threat of climate change when he produced the Stern Review three years ago. However, he has now said he thinks that the risks are even […]

Microbes Could be the Answer to The Global Energy Crisis

“The future of biofuels looks very bright…the best is yet to come”, says an American scientistMicrobes may well be the answer to our global energy crisis. By fermenting biomass to produce biofuels, they offer a possible climate-friendly solution to the anticipated shortfall in fossil fuel supply. A review by Professor Arnold Demain from Drew University […]

Sarkozy’s proposal on fixing price deserves attention

Although the call came from none other than French President Nicolas Sarkozy, the call failed to generate the ripples that it truly deserved. The call was significant in more ways than one, to say the least. An opportunity seems open, waiting to be seized. While talking to foreign diplomats based in Paris, Sarkozy came out […]

‘A lot of OPEC countries are cheating’

Uncovering early stage opportunities in the junior resource sector is no problem for Marin Katusa, senior editor of Casey Research’s Energy Division. Using a combination of boots on the ground and a diagnostic resource market tool that he created, Marin can easily analyze and compare hundreds of investment variables to determine the best investments and […]

Peru oil ambitions get a reality check

Low oil prices are forcing Peru’s government to reevaluate $2 billion it planned to invest in an oil refinery and new pipelines in the Amazon jungle, the country’s oil minister said Thursday. Suspending the pipeline project could put Peru’s ambitions to become a net oil exporter on hold.The upgrades would boost the transport and refining […]

Cutting Cost Of Making Cellulosic Biofuels With New Process

A patented Michigan State University process to pretreat corn-crop waste before conversion into ethanol means extra nutrients don’t have to be added, cutting the cost of making biofuels from cellulose. The AFEX (ammonia fiber expansion) pretreatment process, developed by Bruce Dale, University Distinguished Professor of chemical engineering and materials science, uses ammonia to make the […]

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