Warming might be on hold, study finds

Authors sense hibernation, but warn of ‘explosive’ rise later For those who have endured this winter’s frigid temperatures and today’s heavy snowstorm in the Northeast, the concept of global warming may seem, well, almost wishful. But climate is known to be variable Earth’s climate continues to confound scientists. Following a 30-year trend of warming, global […]

Rich nations revise up greenhouse gas problem

OSLO (Reuters) – Industrialized nations have added greenhouse gas emissions equivalent to the annual totals of France or Australia to a 1990 baseline against which cuts required by U.N. climate treaties are measured. Emissions reported by 34 nations for the 1990 base year that underpins U.N. efforts to rein in global warming have risen 3.5 […]

Investors like clean energy, growth dips: survey

LONDON (Reuters) – Half of institutional investors plan to increase their funding of clean energy compared with 12 months ago, but that will not be enough to drive global growth in the sector this year, a survey published on Wednesday said. Shares in clean energy companies under performed other stocks in 2008 because of their […]

U.S. Energy Dept to fund $84 million for geothermal energy

WASHINGTON (Reuters) – The U.S. Energy Department on Wednesday said it plans to provide up to $84 million in funding for geothermal energy projects. The department said it plans to award as much as $35 million for 20 or 30 research proposals addressing development of advanced geothermal technology. In addition, up to $49 million will […]

Somerville after the fall

The gales of economic adversity howling through the nation and the world will be brutal and prolonged. As the recession deepens and prolongs, it will coincide with peak oil impacts. And as baby-boomers continue to age, far fewer workers will support many more retirees. Increasing the Social Security eligibility age is inevitable, and decreasing benefits […]

China on buying and lending spree

The agreement announced late last month between Russia and China for construction of a pipeline branch to China from the East Siberia-Pacific Ocean (ESPO) oil pipeline is only one aspect of a relatively new strategic policy direction from Beijing to acquire foreign assets during the ongoing global economic downturn. AsiaTimes

U.S. oil stocks off; gasoline demand up

U.S. crude oil inventories fell unexpectedly last week as refiners ramped up operations to meet recovering demand for gasoline, the U.S. Energy Information Administration said Wednesday. “The big story in the latest EIA data is gasoline demand, which rose again year-on-year,” said Phil Flynn, analyst at Alaron Trading in Chicago. Reuters

Ecuador sees no need for OPEC to cut output

Ecuador sees no need for OPEC to cut oil output during its next meeting on March 15, Oil Minister Derlis Palacios said on Wednesday. Palacios said state oil company, Petroecuador, had cut the OPEC member’s production by 10,000 barrels per day to comply with the cartel’s decision to reduce world supply to lift oil prices. […]

Rays of hope

…My instincts tell me that in the final outcome, money and investments must be put into real goods and services that improve the material benefit of all levels of society; this is the creed of us engineers. So called The fundamental postulate of peak oil theory states that when a field is half depleted, we […]

Byron W. King: How much coal is out there?

I First, I

Saudi Aramco says revising terms of new projects

RIYADH (Reuters) – State oil giant Saudi Aramco said on Wednesday it may renegotiate the terms of projects that have yet to be granted as the world’s top oil exporter grapples with falling global demand for energy resources. Turmoil in world credit markets and tumbling crude oil prices have prompted energy companies around the world […]

Russia pipeline fire halts fifth of oil exports

MOSCOW (Reuters) – An oil leak and a fire on a pipeline in central Russia have halted one fifth of supplies of the world’s second-largest oil exporter to global markets on Wednesday for at least a few days. An accident on a major pipeline serving Russia’s Black Sea port of Novorossiisk occurred only a few […]

Clean energy investment not on track to avoid climate change

The world economic crisis has hit investment in clean energy and means its growth is no longer on track for the world to avert the worst impact of climate change, according to leading clean energy and carbon market analysts, New Energy Finance. Presenting their Global Futures 2009 insights to the second New Energy Finance Summit […]

How the Crash Will Reshape America

…Suburbanization The housing bubble was the ultimate expression, and perhaps the last gasp, of an economic system some 80 years in the making, and now well past its

Sharon Astyk: Seussian Paradigm Shift

…Perhaps it is just me, but it does seem to me that (mostly without the funny bits) we I have no crystal ball, but I wonder how much radical shift in direction we

The Party’s Over

Why not grow some of your own food? It’s not coming back. The party’s over. This isn’t some temporary blip in the economy that a little belt-tightening will fix. One less latte and a smaller, “fuel efficient” SUV will not make this problem go away. It would be nice to have all that money back […]

Oil producers running out of storage space

Glut caused by world slowdown leaves the world awash in crude NEW YORK – Supertankers that once raced around the world to satisfy an unquenchable thirst for oil are now parked offshore, fully loaded, anchors down, their crews killing time. In the United States, vast storage farms for oil are almost out of room. As […]

U.S. Climate Official Urges Congress To Curb Greenhouse-Gas Emissions

WASHINGTON — The top U.S. negotiator of international climate-change agreements urged Congress to pass legislation curbing greenhouse-gas emissions in advance of an international summit this December, saying it would give other countries “a powerful signal” to cut their own emissions. “It’s been a long time now that countries have been looking to the U.S. to […]

Sinopec to Boost Diesel Exports as Local Demand Falls

(Bloomberg) — China Petroleum & Chemical Corp., Asia The world

ANALYSIS – Fears grow for US natural gas in Obama tax squeeze

SAN FRANCISCO/NEW YORK (Reuters) – Oil and gas executives and experts fear that President Barack Obama’s push for renewables could shrink U.S. output and drive drillers away from vast reserves of relatively clean-burning natural gas. Obama’s budget proposal would remove tax breaks for oil and gas production and institute new fees in the Gulf of […]

Auto sales plunge again

Dismal sales reports from GM, Ford, Toyota kick off what is expected to be the worst month for the auto industry in 27 years. NEW YORK (CNNMoney.com) — The nation’s major automakers each reported sharp declines in February sales Tuesday, leaving the industry poised to suffer its worst month since 1981. The weakness was broad-based, […]

Mexico cuts 2009 Cantarell oil forecast by 7 pct

MEXICO CITY (Reuters) – Mexico’s state oil company Pemex on Tuesday cut its forecast for oil production at its aging Cantarell oil field this year by 7 percent and further lowered its long-term outlook for the giant field. Pemex now expects Cantarell to produce an average of 700,000 barrels per day this year, down from […]

Taking the charge out of Chevy’s Volt

A new study casts doubt on the benefits of the automaker’s much-hyped plug-in hybrid. NEW YORK (Fortune) — Any hope that General Motors can survive without massive aid from the federal government was dashed last week when the automaker reported a huge fourth-quarter loss. Now the Obama administration’s auto panel is determining whether the viability […]

Report On Maine’s Climate Change Future Issued

AUGUSTA

Shell pipeline explodes in southern Nigeria

LAGOS (AFP) The pipeline collects crude from various production plants scattered around the region. “As a precaution, we have stopped production at these facilities,” he said without elaborating. …On Monday Nigeria’s oil workers gave notice of a three-day strike later this month, complaining that authorities have failed to prevent a wave of kidnappings in the […]

Oil company cutbacks may raise gas prices down the road

Americans battered by the recession have found modest consolation in low gasoline prices, a salve that’s likely to last as long as the economic downturn. But the oil industry is quietly sowing the seeds for a sharp run-up in gas prices once demand recovers. Oil companies are slashing new investment and production far more sharply […]

Steve LeVine: The Financial Crisis Fuels U.S. Diplomatic Talks

Economic turmoil and low oil prices may have created bargaining opportunities with prickly U.S. adversaries in China, Iran, and Russia President Barack Obama has long vowed to offer diplomatic talks to U.S. rivals and adversaries. But a month into his Presidency, Obama may be benefitting from the financial crisis and low oil prices, which Experts […]

Coming Soon: Mass Migrations Spurred by Climate Change

“I don’t want to leave this place,” Gaurpodomando said. “I don’t want to leave this country. I love this place.” One day soon, Gaurpodomando and an untold number of others in Bangladesh and around the world may no longer have a choice. A growing body of evidence, including analyses from military experts in the United […]

Vietnam May Face 1 Billion KWh Power Shortage In Mar-June-Report

Vietnam is likely to face a power shortage from March to June as its major gas-fired plants aren’t getting enough fuel for generation, said the Tuoi Tre newspaper, citing Vietnam Electricity Group, or EVN. The country will lack 1.07 billion kilowatt-hours in these months if EVN can’t ensure sufficient gas supplies for its three plants […]

US energy policy focuses less on OPEC oil supply

Recent comments by U.S. Energy Secretary Steven Chu appear to mark a radical shift in U.S. energy policy away from its focus on OPEC and oil supply and toward an agenda of trimming petroleum demand and promoting renewable energy at home. Chu recently raised eyebrows by saying OPEC was not in the “domain” of his […]

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