Monbiot: Woodchips with everything. It’s the Atkins plan of the low-carbon world

The latest miracle mass fuel cure, biochar, does not stand up; yet many who should know better have been suckered into it Whenever you hear the word miracle, you know there’s trouble just around the corner. But no matter many times they lead to disappointment or disaster, the newspapers never tire of promoting miracle cures, […]

PetroChina Sees

(Bloomberg) — PetroChina Co., the world PetroChina

Oil prices fade as storage levels hit 16-year high

COLUMBUS, Ohio Crude in storage last week rose 3.3 million barrels, according to the Energy Information Administration, much more than what was expected by analysts. It was another story at the pump, where prices continued their seasonal rise. National retail gasoline prices hit the highest level since Nov. 21 and are on pace to surpass […]

Where we are headed: Peak oil and the financial crisis

Nearly all of the economic analyses we see today have as their basic premise a view that the current financial crisis is a temporary aberration. We will have a V or U shaped recovery, especially if enough stimulus is applied, and the economy will soon be back to Business as Usual. I believe this assumption […]

US gasoline use fell in 2008 for first time since ‘91

“We think U.S. gasoline demand has peaked,” said Alan Gelder, vice president of downstream oil for analyst Wood Mackenzie, which on Monday released a study saying smaller, East Coast refineries primarily producing gasoline would face the greatest challenges for surviving. “We think gasoline demand will never be back to 2007 levels,” Gelder said. “First it […]

U.N. plans guide to fighting climate-change disasters

A proposed U.N. study of climate extremes will be a practical guide for tackling natural disasters and fill a gap in past reports focused on the gradual effects of global warming, experts said. Floods, mudslides, droughts, heatwaves or storms are often the main causes of destruction and human suffering tied to climate change, rather than […]

Researchers create catalysts for use in hydrogen storage materials

A team of scientists have identified that carbon nanostructures can be used as catalysts to store and release hydrogen, a finding that may point researchers toward developing the right material for hydrogen storage for use in cars, according to a statement issued Tuesday by the Virginia Commonwealth University (VCU). The achievement was made by scientists […]

Total warns of bigger drop in demand

World oil demand is likely to fall by double the official forecasts this year as the global recession worsens, the chief economist of Total, the French oil company, said on Tuesday. TheNational

Petrobras Expects to Be World Oil Major by 202

The CEO of BrazilLAHT

U.S. Dependence on Oil in 2008: Facts, Figures and Context

In 2007 and 2008, the price of oil skyrocketed, hitting historic highs. The corresponding increase in gas price was felt sharply in the United States by ordinary people, industries, the military and the government. Citizens were spending more and more of their paychecks to fill their gas tanks, airlines grounded planes to avoid the high […]

StatoilHydro: Oil discovery close to the Vigdis field (North Sea)

StatoilHydro has struck oil during the drilling of an exploration well and a sidetrack north of the Vigdis East field in the North Sea. The proven recoverable resources are estimated at about 25 million barrels of oil. The well confirmed the existence of a 280-metre oil column in rocks with good reservoir properties. “Our exploration […]

Kurdish Prime Minister attacks Iraq’s ‘failed’ oil policy

The prime minister of northern Iraq’s autonomous Kurdish region on Wednesday blasted the Iraqi petroleum minister for his “failed” policies. Speaking to reporters at the airport in the northern Iraqi city of Arbil on Wednesday on his return from Baghdad, Nechirvan Barzani, prime minister of the semi-autonomous Iraqi Kurdistan Region, said Iraqi Petroleum Minister Hussein […]

U.S. may need more foreign oil as drilling falls

A sharp drop in U.S. drilling spurred by lower oil prices, scarce funding and potential tax hikes may thwart the Obama administration’s plans to end U.S. reliance on foreign oil. U.S. oil output is poised to rise 8 percent this year to 5.4 million barrels per day — the first increase since 1991 after a […]

No big energy deals in the offing: oil & gas execs

Investment bankers may dream of tie-ups between large independent oil and gas companies, but executives who could possibly do such a deal say they are not in the market. On Monday, Canadian companies Suncor Energy Inc and Petro-Canada announced a $15 billion stock deal, but U.S. oil and gas executives point to low share prices, […]

‘Orphan’ Smart cars pile up as buyers back out

Tiny Smart cars are stacking up at some of the 75 U.S. Smart dealers because people who ordered them are refusing to take delivery. Cheaper fuel prices blunt the appeal of Smart’s 36 mile-per-gallon rating, and the recession has scared off some who ordered. The $99 deposit a buyer must put down to order a […]

Welcome to Pipelineistan

What happens on the immense battlefield for the control of Eurasia will provide the ultimate plot line in the tumultuous rush towards a new, polycentric world order, also known as the New Great Game. Our good ol’ friend the nonsensical “Global War on Terror,” which the Pentagon has slyly rebranded “the Long War,” sports a […]

Masdar Ecocity: Green Utopia?

Abu Dhabi Could a new model of urban growth emerge from the sands of the Arabian Desert? In 2008, builders broke ground on the

Oil Markets Pay Scant Attention to Russia

MOSCOW Having plunged to a third of last summer’s peak, oil prices have stabilized lately. They remained strong in the past week despite a March 15 decision by the Organization of Petroleum Exporting Countries to leave production quotas unchanged until at least May. The market is focused on the possibility that slumping economic growth will […]

Scientists in possible cold fusion breakthrough

WASHINGTON (AFP) “Our finding is very significant,” said analytical chemist Pamela Mosier-Boss of the US Navy’s Space and Naval Warfare Systems Center (SPAWAR) in San Diego, California. “To our knowledge, this is the first scientific report of the production of highly energetic neutrons from a LENR device,” added the study’s co-author in a statement. The […]

The Road to Sustainability

The deep recession now underway will probably last another year at least, but could spiral down to a second Great Depression. Political leaders worldwide are under pressure to use a variety of economic stimulus tools to restore normalcy. This will likely lead to some progress toward renewable sources of energy and energy conservation, especially in […]

Major Oil Cos Eye Chance with Nationals

Low energy prices are making some oil companies ripe for the picking by bigger rivals, but the large international oil companies are signaling they would rather knock on the door of state firms weakened by the oil bust. Chief executives of Exxon Mobil Corp., Chevron Corp. and BP PLC have recently played down the idea […]

Monbiot: Is the world’s cheapest car on the road to ruin?

Production numbers are small and consumption levels relatively low but the Tata Nano could be an ominous development It’s neither as good nor as bad as we were told. Advance publicity suggested both that the Tata Nano would be the most frugal mass-produced car on earth and that everyone in India would buy one. Today […]

Two ‘new’ greenhouse gases growing

Two new greenhouse gases are accumulating in the atmosphere, according to an international research team led by scientists from the Scripps Institution of Oceanography in the US and CSIRO scientist, Dr Paul Fraser, from the Centre for Australian Weather and Climate Research. Nitrogen trifluoride (NF3) and sulfuryl fluoride (SO2F2) are powerful greenhouse gases that have […]

Carolyn Baker – Review: When Giants Fall by Michael Panzner

For many Americans, the years ahead will be nothing short of a modern Dark Ages, where each day brings forth fresh anxieties, unfamiliar risks, and a deep sense of foreboding. ~Michael Panzner~ We’ve heard of the economist, Nouriel Roubini, aka “Dr. Doom”, and readers of Truth to Power are quite familiar with James Howard Kunstler […]

Earth Hour: The Greatest Show on the Planet

It never felt so good to be left in the dark: At 8:30pm on March 28, more than 1000 cities in over 80 countries will turn out the lights to protest against climate change. Earth Hour Executive Director Andy Ridley of WWF discusses the greatest community event ever.What is the purpose of Earth Hour? How […]

Melting snow prompts border change between Switzerland and Italy

Global warming is dissolving the Alpine glaciers so rapidly that Italy and Switzerland have decided they must re-draw their national borders to take account of the new realities. The border has been fixed since 1861, when Italy became a unified state. But for the past century the surface area of the Independent

Why the US can’t bully Iran

The issue is that, in the minds of Iranians, the West is aware that once Iran is severely threatened it has the potential and capacity to disrupt oil production in the region by attacking oil tankers, pipelines, refineries and production facilities, including those in the United Arab Emirates, Saudi Arabia, Kuwait, Iraq, Bahrain, Qatar and […]

Results cast doubt on potential

A controversial experiment which poured iron into the Southern Ocean has also poured cold water on the idea that such TheGreatBeyond

Nicaragua, Vietnam Ink Oil Deal

Vietnam will beging prospecting for oil in Nicaragua within four week, according to an agreement signed here between both countriesPrensaLatina

Russian admiral quoted as saying subs may be used to back Arctic claims

MOSCOW CanadianPress

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