Kunstler: Poverty of Imagination

Venturing out each day into this land of strip malls, freeways, office parks, and McHousing pods, one can’t help but be impressed at how America looks the same as it did a few years ago, while seemingly overnight we have become another country. All the old mechanisms that enabled our way of life are broken, […]

Islam group urges forest fire jihad

September 7, 2008 “AUSTRALIA has been singled out as a target for “forest jihad” by a group of Islamic extremists urging Muslims to deliberately light bushfires as a weapon of terror. US intelligence channels earlier this year identified a website calling on Muslims in Australia, the US, Europe and Russia to “start forest fires”, claiming […]

Lovelock: The fight to get aboard Lifeboat UK

Last week she played in the snow, but what will Britain be like when she grows up? James Lovelock, the Earth guru, foresees a land where blizzards are long forgotten and national survival depends on a new Winston Churchill When someone discovers, too late, that they are suffering from a serious and probably incurable disease […]

New giant turbines to blow away economic concerns

To the untrained eye wind turbines look the same as they did ten years ago. But they have been quietly getting bigger and better, and experts are predicting we could soon see turbines large enough for people to live insideDespite the tightening credit conditions and well-reported spiraling cost of installing offshore wind power, those involved […]

South Africa: Power Prices Not Viable, Says Eskom

ESKOM chairman Bobby Godsell has taken aim at SA’s relatively low electricity prices, saying the prices should reflect the cost of producing electricity. The power supplier has been lobbying the National Energy Regulator of SA (Nersa) to allow for prices that would recover the costs of production.He said the policy of under pricing electricity had […]

South Korea spends US$4 billion on overseas oil fields

South Korean companies spent a record US$4.02 billion last year to develop overseas oil and gas fields in an effort to better insulate the country from sudden surges in global energy prices, the government said Monday. The increase marks a 57.6 per cent on-year gain and helps push up the country’s self-sufficiency in oil and […]

Were High Oil Prices A Stimulus?

According to the economic theory currently being pedaled in Barack Obama’s Washington, spending huge gobs of money stimulates the economy. Funny, wouldn’t that mean that $4 gasoline should’ve been a stimulus? High energy prices sure had people spending there for a while, in amounts roughly triple what the so-called “stimulus” bill will pump into the […]

Hu’s Saudi visit to cement strategic oil ties

Chinese President Hu Jintao kicks off his first global tour of 2009 in Saudi Arabia on Tuesday, underlining the strategic importance to import-dependent Beijing of long-term ties with the world’s top energy exporter. Sliding oil prices and the international financial crisis have taken the focus off world crude supplies since Hu’s last visit to the […]

Hurdles (Not Financial Ones) Await Electric Grid Update

WASHINGTON The Obama administration has vowed to make the grid smarter and tougher, allocating $11 billion in grants and loan guarantees to the task in the economic stimulus package passed by the House last week. But it will take a lot more than money to transform the grid from a form that served well in […]

Chevron, BP Locked Into $200 Million Oil Wells Amid Price Slump

(Bloomberg) — Chevron Corp., BP Plc and other oil producers are locked into drilling offshore wells that cost as much as $200 million each because of rig contracts that were signed when crude was soaring above $140 a barrel. Even as energy companies slash billions of dollars in spending to cope with the lowest prices […]

Candles In The Darkness

Survival is a universal topic of discussion these days, given clearly evident faltering economies, climate change and rapidly diminishing resources. Three recent books offer guidance from seemingly disparate authors. Cy Gonick — editor of Canadian Dimension magazine — has assembled a well-ordered series of essays which provide a Canadian context on these crucial and relevant […]

Aramco to import Indian fuel in one-year deal

DUBAI/NEW DEHLI: Saudi Aramco has secured a deal to buy 7.4 million barrels of gas oil from India

Syncrude face duck death fines

OTTAWA – CANADIAN environmental authorities on Monday charged Syncrude in the death of 500 migrating ducks that landed in its oil sands sewage ponds in western Canada. The waterfowl died after being coated in April 2008 with toxic oil residue from an Alberta mine left behind in the ponds by Syncrude Canada Limited, the world’s […]

Ford: Electric van in 2010

New York (CNNMoney.com) — Ford Motor Co. will introduce its first all-electric vehicle in 2010, but it will be intended for business owners – not families. The electric Transit Connect, a small van, will be offered in “select” U.S. Ford dealerships. “The new Transit Connect light commercial vehicle with battery electric power represents the next […]

How Global Warming May Be Fueling Australia’s Fires

The raging infernos that have left more than 160 people dead in southern Australia burned with such speed that they resembled less a wildfire than a massive aerial bombing. Many victims caught in the blazes had no time to escape; their houses disintegrated around them and they burned to death. As firefighters battle the flames […]

Nigerian oil workers go on strike

Oil workers in Nigeria’s Niger Delta have gone on strike to protest at the lack of security in the restive oil-producing region. Staff members from oil company Total went on strike even after their national union executive said it would delay industrial action. Last week the 11-year-old daughter of an oil worker was killed as […]

Gazprom Set to Cut Output in Downturn

LONDON — The global economic downturn is squeezing Russian natural-gas giant OAO Gazprom as falling demand for energy forces it to cut gas sales to Europe and deprives the company of valuable export revenue. In an interview, Alexander Medvedev, Gazprom’s deputy chief executive, said the price its European customers pay for gas will fall 32% […]

U.S. fuel supplier files for bankruptcy, leaving local gas stations scrambling

HOUSTON (Xinhua) — Financial problems-inflicted U.S. fuel distributor Crescent Oil Company Inc. has filed for bankruptcy, leaving local gas stations scrambling for a new supplier, local media reported on Monday. The Kansas-based company, which supplies fuel for gas stations in at least six midwest states, filed for bankruptcy protection last Friday at U.S. Bankruptcy Court […]

Peak oil review – Feb 9

1. Production and Prices 2. The Eventual Rebound 3. Venezuela 4. Briefs 1. Production and Prices The ongoing tension between bad economic news and OPEC production cuts resulted in a virtual stalemate last week. Oil started the week just above $40 a barrel and finished where it started with very little movement in between. Even […]

Obama says renewable energy key to economic future

WASHINGTON (Reuters) – U.S. President Barack Obama on Monday pushed for more investment in solar and wind energy, saying the country that can make renewable energy sources price-competitive with traditional fossil fuels will become the economic superpower of the future. Obama, speaking at a townhall meeting in Elkhart, Indiana, said renewable energy companies needed tax […]

Amazon forest may get drier, but survive warming

OSLO (Reuters) – Amazonian forests may be less vulnerable to dying off from global warming than feared because many projections underestimate rainfall, a study showed. The report, by scientists in Britain, said Brazil and other nations in the region would also have to act to help avert any irreversible drying of the eastern Amazon, the […]

U.S. may boost ethanol content of gas; S.F. gleans biofuel from sewers

American motorists soon may be burning a higher percentage of ethanol in their gasoline as the Obama Administration strives to increase demand for biofuels and rescue producers from financial collapse. Meanwhile, biofuels may come from increasingly diverse sources, including weeds, agricultural waste, and the sewers of San Francisco. New Agriculture Secretary Tom Vilsack announced this […]

65,000 gallons of oil sludge spills near Chicago

3-mile section of Des Plaines River contaminated; spill ‘is being contained’ ROCKDALE, Ill. – A holding tank at a Caterpillar facility in a Chicago suburb broke Sunday, spilling about 65,000 gallons of oil sludge and contaminating a 3-mile section of the Des Plaines River, officials said. The substance was reported to be hydraulic and cutting […]

U.S. urged to save forests to curb climate change

WASHINGTON (Reuters) – The United States needs to take the lead in preserving tropical forests in the fight against climate change, a coalition of lawmakers, corporate chiefs and environmentalists said on Monday. Deforestation accounts for 20 percent of the carbon emissions that spur global warming, members of the Avoided Deforestation Partners coalition told a Capitol […]

Venezuela oil woes hurt Chavez ahead of vote

CIUDAD OJEDA, Venezuela (Reuters) – Thousands of Venezuelan oil workers have been laid off or are going without pay as oil prices tumble, hurting President Hugo Chavez’s chances of winning a reelection referendum on Sunday. Oil projects have shed employees and wages are backed up by as much as six months as collapsing prices have […]

Oil prices face bigger hit as U.S. storage hub brim

NEW YORK (Reuters) – Dwindling fuel demand, with the United States mired in recession, has led to a record oil supply glut at the world’s largest storage site — a factor that could soon trigger another fall in crude prices. Inventories at the storage hub at Cushing, Oklahoma — the delivery point for U.S. crude […]

OPEC delays oil expansion as income, demand fall: Badri

LONDON (Reuters) – OPEC members have delayed 35 oil projects to expand the group’s supply, its secretary general said on Monday, as oil’s record plunge reduces their revenues and the financial crisis erodes demand. To help revive prices, the Organization of the Petroleum Exporting Countries is willing to cut yet more oil output at a […]

Shell eyes Mideast growth, to cut some jobs

(Reuters) – Royal Dutch Shell Plc (RDSa.L) is pushing ahead with aims to grow in the Middle East, despite a tough climate for investment due to lower oil prices, a climate which will force it to cut some support roles in Dubai. Raoul Restucci, Shell’s head of exploration and production for the Middle East, told […]

ITC

ITC Holdings Corp. said it wants to build the worldPresident Barack Obama has called for the U.S. to double its use of renewable energy in three years. In the presidential campaign, Obama singled out as an example the importance of bringing wind power from North Dakota to

Carbon Control in the U.S. Electricity Sector: Key Implementation Uncertainties

Congress has been debating a range of potential initiatives for reducing atmospheric CO2 from U.S. sources. …In the 110th Congress, the most prominent CO2 proposals sought reductions of nationwide CO2 emissions to 1990 levels or lower by 2030. President-elect Barack Obama has proposed cutting carbon CO2 emissions to 1990 levels by 2020, and by an […]

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