Colombian Oil Revenue Predicted to Drop by Half

Colombia’s revenue from exports of crude and derivatives in 2009 will be roughly half last year’s total of $12 billion, the Colombian Oil Association, or ACP, forecast Thursday. ACP President Alejandro Martinez said that, because of the “different scenario of international prices,” estimates are that exports will generate revenues of between $5.2 billion and $6.8 […]

Cuba would welcome U.S. oil companies if embargo ends

Cuba would welcome U.S. companies’ help developing its oil industry should the 47-year trade embargo on the communist island come to an end, said Manuel Marrero Faz, senior oil adviser at the Ministry of Basic Industries. “We are open,” said Marrero Faz, noting that Chinese, Russian and Angolan companies are in talks to explore areas […]

Oil Ministry: Iraq's oil revenues drop

Iraqi Oil Ministry figures show the country’s oil revenues for the first three months of this year were down more than 50 percent compared with the same period in 2008. First quarter revenues this year stood at about US$6.57 billion, with an average daily export level slightly over 1.8 million barrels.That represents about a 57.6 […]

Punjab disability 'uranium link'

Tests on children with cerebral palsy or mental disabilities in the Indian state of Punjab have revealed high levels of uranium. A charity based in Faridkot city said chemical analyses of hair specimens collected from 149 children in its care showed “unexpected amounts” of toxins.The children included in the study were all under 13, it […]

Sun has fewest sunspots since 1913, better GPS

The sun has been unusually quiet lately, with fewer sunspots and weaker magnetic fields than in nearly a century. A quiet sun is good for Earth: GPS systems are more accurate, satellites stay in orbit longer; even the effects of manmade global warming are marginally reduced, though just by three-tenths of a degree at most. […]

Google Earth now mapping sites for renewable energy developers

A new mapping tool on Google Earth shows renewable power developers where they can — and can’t — build. With grants from Google’s philanthropic wing, the National Audubon Society and the Natural Resources Defense Council pulled together maps of endangered species habitats, national parks and other forms of protected land and loaded all that data […]

Antarctic ice melting faster than expected

Up to one-third of all Antarctic sea ice is likely to melt by the end of the century, seriously contributing to dangerous sea level rises, updated scientific modelling on global warming shows. The evidence will be presented to an international meeting of Antarctic and Arctic scientists in the US tonight, at which US Secretary of […]

Renault, Nissan To Supply Electric Cars In Ireland

France’s Renault and Japan’s Nissan will supply electric cars to the Irish market within two years as part of a government plan to have 10 percent of vehicles electric by 2020, Ireland’s Energy Minister said on Friday. “Today’s initiative will transform our streets, will cut carbon emissions and change the face of transport in Ireland,” […]

'Modern survivalists' are ready for layoffs – or war

Jack Spirko owns a media company, is married to a nurse and has a son in college. He has two dogs and lives in a nice house with a pool in a diversified neighborhood in Arlington. Spirko, 36, considers himself an average guy with a normal life. But for the past few years, Spirko has […]

Theory of oil-shock recession

…His paper argues: “The evidence to me is persuasive that, had there been no oil shock, we would have described the US economy in fourth-quarter 2007 to third-quarter 2008 as growing slowly, but not in a recession.” Other economic models do not come up with such a powerful role for oil. But, given the central […]

The End of the Affair

A key to any comeback by Detroit is reconnecting with car fanatics. Want vs. need These days, Michael Underwood is sneaking onto the Web site of General Motors Corp. and building himself a 2009 Cadillac Escalade. He flirts with different colors, adds every possible option and admires features new to the 2009 model, such as […]

BP, Total Tell Suppliers to Cut Costs Up to 40% Amid $50 Oil

(Bloomberg) — BP Plc, Total SA and Royal Dutch Shell Plc are asking oilfield service companies to cut project costs by up to 40 percent as the industry battles its worst slump since the mid-1970s. Executives at contractors including Technip SA, CGGVeritas and Saipem SpA said Europe Projects in the Canadian oil sands, where reserves […]

Dead Media Beat: The Chaos Scenario, Among the Ruins of Mass Media

*One has to wonder how a magazine that sells news about advertising stays alive to publish this article, when news is dying from lack of advertising revenue. *I’m believing this “chaos scenario,” but I’m also wondering if “chaos” is the front porch of a “long emergency” and “new dark age.” Of course — if you […]

Saudi Arabia Cuts Oil Prices for U.S., Europe for May

(Bloomberg) — Saudi Aramco, the world Crude oil supplies climbed 2.84 million barrels last week to the highest level since July 1993, the Energy Department reported April 1. The Organization of Petroleum Exporting Countries cut oil output by 1.2 percent to an average 27.395 million barrels a day last month, according to a Bloomberg News […]

Products for the other 3 billion

A new breed of idealistic technologist is building ultracheap baby incubators, medicine dispensers, and solar-powered lamps. Welcome to entrepreneurship circa 2009. …Two such budding entrepreneurs are Nedjip Tozun and Sam Goldman, founders of D.light Design. D.light makes cheap, solar-powered lights to replace the kerosene and diesel lamps so common in the developing countries of Asia […]

Students Give Up Wheels for Their Own Two Feet

LECCO, Italy They set up a piedibus (literally foot-bus in Italian)

Banking on Energy (Rather than Currency or Gold)

…At a high-level conference in Tehran in January I made a proposal in respect of an Global transactions will then take place within the framework of an International Energy Clearing Union subject to the collective guarantees of energy producer and consumer nations generally. Both energy creditor nations – such as Russia, Iran, the GCC and […]

Newt Gingrich: Our Tanks Are On Full

The energy crisis is an artificial one, created by bad policies. For the past 30 years, America has grown increasingly dependent upon foreign sources of energy, sending American dollars to countries that are hostile to American interests and leaving us vulnerable to wild fluctuations in energy prices. This energy crisis has not gone unnoticed in […]

Will dams on Amazon tributary wreak global havoc?

VOLTA GRANDE, Brazil Called the Belo Monte, the dam would drown 200 square miles of tropical rainforest

Hyundai To Go Ahead With Eco Cars

Hyundai Motor Group, the world’s No. 5 automaker, will go ahead with plans to develop environment-friendly cars despite the segment’s low profitability and an industry downturn, a senior executive said on Thursday. Yang Woong-chul, president of the group’s auto research & development division, also said the group saw almost “no problem” to its business from […]

South Africa Says Still Facing Major Energy Crisis

South Africa’s energy minister said on Thursday the country was still in the grip of a major power crisis despite being able to keep the lights on since a series of blackouts early last year. Voluntary energy savings had failed to meet the required levels, and the country was risking new power cuts, the Minister […]

Ice Bridge Holding Antarctic Shelf in Place Shatters

OSLO (Reuters) – An ice bridge which had held a vast Antarctic ice shelf in place for hundreds of years at least shattered on Saturday and may herald a wider collapse linked to global warming, a leading scientist said. “It’s amazing how the ice has ruptured. Two days ago it was intact,” David Vaughan, a […]

Hadley Center:

…The consequences of 5.5 A 5.5

U.S. Backing Of Auto Warranties May Hinder Push For EPA To Back E15

The Obama administration’s pledge to back warranties for new General Motors and Chrysler vehicles if the companies go bankrupt may hinder a pending petition asking EPA to raise the level of ethanol in gasoline from 10 percent (E10) to E15 because it could increase potential liabilities stemming from engine damage due to the new fuel […]

Americans Support Array of Proposed Energy Policies, Not Ready to Make Tradeoffs

New Public Agenda Energy Learning Curve Finds Public Worried and Unrealistic, Posing Challenges for Leadership NEW YORK The public

Gulf giants keep UK's gas flowing

The people of Milford Haven are accustomed to big ships. Oil tankers have been shuttling in and out of this harbour on the Welsh coast since the 1960s, when Esso built the first of several refineries that have made it a hub of Britain Instead of oil, the Tembek was loaded with gas, super-chilled to […]

Two oil projects in Saudi Arabia face delays

Two projects designed to help raise Saudi Arabia On Friday, Saipem, the Italian oilfield services group, said it expected Aramco to agree to an amended contract to develop the Manifa oilfield. But even if that happened, the project was likely to be delayed by 12 to 18 months, Pietro Tali, the chief executive of the […]

Simmons strikes again

Matt Simmons, head of his eponymous Houston energy investment bank Simmons & Co. International, is always one for controversy. His theory that the world has reached peak oil — that is, our oil production has hit the highest it ever will and it’s downhill from here — enraged oil company executives and oil-producing nations alike […]

Saudi sees rise in oil demand after crisis

The global economic distress and ensuing drop in crude demand have depressed the market share of Saudi Arabia but the world’s oil superpower expects a resurgence of that oil after the crisis. The government-owned Saudi Aramco, which runs the kingdom’s hydrocarbon industry, said oil would remain the main source of energy and driver of the […]

Behind the Climate Skepticism Curtain: The Koch Family and the Cato Institute

The name of huge oil conglomerate Koch Industries didn While Koch has a long history of pushing libertarianism through its grant-making, more recently, the company has established itself as an aggressive opponent of climate legislation and a major funder of climate skeptics

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