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News from May 2009

New Presentations by Matthew Simmons

New Presentations by Matthew Simmons thumbnail

Simmons & Co.


Bill McKibben: Can 350.org save the world?

Bill McKibben: Can 350.org save the world? thumbnail

Groups gear up to issue an emergency alert that carbon dioxide in the global atmosphere has already passed a tipping point. Writing From Sydney — All around the world, national governments are trying to hammer out their global warming policies, preparing for the United Nations’ climate-change conclave in Copenhagen at the end of the year. […]


Nuclear Science Studies Back in Vogue?

Nuclear Science Studies Back in Vogue? thumbnail

After decades of declining enrollments, nuclear science and engineering may be poised for academic resurgence in the nation


Bicycles touted as

Bicycles touted as thumbnail

Cycling is not only good for the health, but can also help tackle global challenges like climate change and oil dependency, specialists argued at the world ‘Velo-City’ conference in Brussels this week. J “Transport relies to well over 90 percent on oil, be it transport on roads, by ship or by aircraft,” according to NGO’s […]


T. Boone Pickens talks foreign oil, debt

T. Boone Pickens talks foreign oil, debt thumbnail

Legendary oil baron, financier and philanthropist T. Boone Pickens held court over lunch Wednesday at ACG InterGrowth 2009, expressing his concerns over foreign oil and U.S. debt levels, among other things. In a lively interchange with Fox Business Network anchor Liz Claman, Pickens predicted higher energy prices in the short term (“get ready, ’cause you’re […]


The Danger of Inaction: A Chat With Thomas Homer-Dixon

The Danger of Inaction: A Chat With Thomas Homer-Dixon thumbnail

In his latest book, Green Inc. spoke with Prof. Homer-Dixon this week. Excerpts from his comments on target concentrations of carbon dioxide, cap-and-trade schemes, carbon taxes and other matters follow. NY Times


Challenges and Implications for Energy Sector Investing

Challenges and Implications for Energy Sector Investing thumbnail

The U.S. Department of Defense published a report late last year that provides a global perspective on future trends and the implications for future joint force commanders, leaders, and professionals involved in national security issues. The report, entitled MarketOracle


World expect new oil crisis: EU Commissar for Energy

World expect new oil crisis: EU Commissar for Energy thumbnail

“The current relatively low oil prices give a respite to prepare for the coming new oil crisis, Piebalgs added. “We need to accelerate the research for alternatives,” he said. And in all sectors, we have to accelerate our efficiency being aware that every barrel of oil that we are using is one of the last, […]


Canadian company ready to drill offshore Guyana

Canadian company ready to drill offshore Guyana thumbnail

CGX Energy Incorporated, the Canadian-based oil and gas exploration company that is at present in pursuit of petroleum discovery in the Guyana Basin will commence drilling for oil as early as next year. The company was given the green light to commence operations uninterrupted, after Guyana in 2007 won the Maritime Arbitration Award, following the […]


Oil demand still declining, says Opec

Oil demand still declining, says Opec thumbnail

Global demand for oil is continuing to slide as the economy contracts, the Opec producersLondonTimes


Iran predicts surge in oil prices

Iran predicts surge in oil prices thumbnail

Increased energy demand in China and India should drive oil prices higher as OPEC is expected to call for further production cooperation, Iran said. Iranian Oil Minister Gholamhossein Nozari said OPEC at its May 28 meeting may call for stricter cooperation measures from non-OPEC members. He also predicted oil prices would spike amid rising demand […]


Brazil's Big Oil Bet

Brazil's Big Oil Bet thumbnail

As an update to last week’s oil company earnings roundup, I bring you Brazil’s state-owned oil company, Petroleo Brasileiro, affectionately known as Petrobras. It may seem like same story, different day, as Petrobras announced a 20% drop in first-quarter net profits compared with Q1 2008 (due to – yawn – the global economic slowdown, lower […]


Russian Economy Contracted 23% in First Quarter

Russian Economy Contracted 23% in First Quarter thumbnail

RussiaBloomberg


Consumer price drop is biggest since '55

Consumer price drop is biggest since '55 thumbnail

Government says 0.7% annual decline is the largest in nearly 54 years. Monthly prices unchanged. NEW YORK (CNNMoney.com) — A key index of prices paid by consumers fell at the sharpest rate since August 1955 due to historically low energy prices, the government said Friday. The Labor Department said the Consumer Price Index declined 0.7% […]


An Inconvenient Talk

An Inconvenient Talk thumbnail

Dave Hughes The Talk is all kinds of policy-wonky. Your eyes could glaze over. You could even miss the two slides Dave always says are the only ones you must remember. The first is a single-line graph depicting


ABC News on peakoil.com

ABC News on peakoil.com thumbnail

Breault isn’t alone in her transformation. Thousands are hunkering down for an economic apocalypse and share comments about converging catastrophes on Web sites and Internet message boards, like Peakoil.com. Some survivalists have moved to rural homesteads, or what they call “doomsteads,” where they can live off the land, raise their own livestock and grow their […]


Stocks still face deflationary collapse: Prechter

Stocks still face deflationary collapse: Prechter thumbnail

NEW YORK (Reuters) – Longtime technical analyst Robert Prechter, who forecast the 1987 stock market crash, predicted this week that U.S. equities may plunge to half their lows hit in March as a deflationary depression bites. Oil and U.S. Treasury bonds are also locked in long term bear markets, while corporate bond prices will plunge […]


'Recession Apocalypse': Preparing for the End of the World

'Recession Apocalypse': Preparing for the End of the World thumbnail

Economic Survivalists Hunker Down for Doomsday; Recession Triggers Movement Toward Self-Sufficiency In the serene hills of rural upstate New York, Kathie Breault is hunkering down for doomsday. It’s not an all-out Armageddon that the 51-year-old grandmother is convinced of, but an imminent economic apocalypse. A few years ago, Breault began reading about what happens when […]


Global warming bill becomes another Washington porkfest

Global warming bill becomes another Washington porkfest thumbnail

Rather than stopping the rise of the oceans, President Barack Obama So, when government gives credits to electric companies, it is simply giving money to those companies while making it more expensive for everyone else to do business. The utilities could sell the free credits unless Congress prohibits selling some credits, which would defeat half […]


Green IT Is Key to an Energy-Efficient Future: Report

Green IT Is Key to an Energy-Efficient Future: Report thumbnail

Whether it’s teleworking enabled by broadband internet or the spread of video conferencing technologies that reduce business travel, information technologies (IT) are responsible for significantly reducing the amount of energy used in the United States in the last 20 years, according to a report released today by the American Council for an Energy-Efficient Economy (ACEEE). […]


The inefficient secret of energy-smart 'green' buildings: You

The inefficient secret of energy-smart 'green' buildings: You thumbnail

In trying to create the most Earth-friendly, energy-efficient buildings possible, architects and engineers have stumbled on a problem they hadn’t fully understood: You. Your desktop computer that’s on, even when you’re out to lunch. The power-hogging photo copier in your office and its incessant red light. And then there’s the space heater under your desk, […]


German petrol station biodiesel sales seen at stop

German petrol station biodiesel sales seen at stop thumbnail

Sales of biodiesel at German petrol stations have come to a virtual halt, leading German bioenergy company Verbio said on Thursday. Biodiesel is currently more expensive than fossil diesel in Germany following a further tax rise on green fuels this year and a fall in crude oil prices. “Tax increases in combination with the falling […]


Nigeria: Violence Creates 'Human Security' Crisis in Delta

Nigeria: Violence Creates 'Human Security' Crisis in Delta thumbnail

Violence and criminality undermine Niger Delta residents’ access to food, health and economic safety, according to the International Crisis Group. “The violence takes a severe toll on human security,” said Nnamdi Obasi, senior analyst with ICG’s West Africa bureau. “In some areas human development indicators have worsened since 2007.”2008 was the Delta’s most dangerous year […]


Nigeria: Coping With Fuel Scarcity in a Bad Economy

Nigeria: Coping With Fuel Scarcity in a Bad Economy thumbnail

Lagos — Perhaps, there is a ray of hope, for Lagosians in particular and Nigerians in general, over the recurrent fuel scarcity that has continued to bring hardship on the Nigerian people. But that is if President Umaru Yar’Adua assurance that the situation would be brought under control within the next two weeks is anything […]


Churches to probe impacts of Canadian oil sands

Churches to probe impacts of Canadian oil sands thumbnail

A coalition of church leaders will fan out across northern Alberta next week for a fact-finding mission that will help formulate an official stance on the environmental impact of oil sands development. Officials with Kairos, a multidenominational social justice group, joined by some aboriginal leaders, will talk with oil sands developers, labor organizations, local authorities […]


'Rebound effects' of energy efficiency could halve carbon savings

'Rebound effects' of energy efficiency could halve carbon savings thumbnail

Using energy more efficiently might not be as effective at tackling climate change as people think, according to a new study. A team of economists has shown that so-called “rebound effects”, where efficiency improvements are offset by behaviour changes, such as increasing demands for cheaper energy, could potentially slash future carbon and energy savings by […]


Nabucco starts to shape up

Nabucco starts to shape up thumbnail

The EU and Turkey have resolved two major differences that were preventing agreement on the terms for the Nabucco natural gas pipeline, and the Turkish President Abdullah Gul is reported to have promised that a signing ceremony will take place on June 25 in Ankara. Principals behind the Nabucco project, on the drawing-boards for years, […]


The Great Ethanol Scam

The Great Ethanol Scam thumbnail

Not only is ethanol proving to be a dud as a fuel substitute but there is increasing evidence that it is destroying engines in large numbers More than one major transportation-based industry in America besides Detroit is on the ropes. For the fourth time in our history the ethanol industry has come undone and is […]


NASA Takes a Crack at Algal Biofuel

NASA Takes a Crack at Algal Biofuel thumbnail

The nice thing about having the National Aeronautics and Space Administration tackle algal biofuels versus a startup is that NASA refrains from making impossible claims. The space agency Every great idea needs a stroke of brilliance, and NASA


Researchers scale back forecast of sea-level rise

Researchers scale back forecast of sea-level rise thumbnail

10-foot increase, not 20, calculated if West Antarctic Ice Sheet collapses WASHINGTON – A collapse of the West Antarctic Ice Sheet would raise sea levels by about 10 feet, not the nearly 20 feet as earlier predicted, according to a new study. Researchers led by Jonathan L. Bamber of the University of Bristol in Britain […]


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