Oil hits 4-wk high as consumer confidence improves

NEW YORK (Reuters) – Oil prices rose more than $2 a barrel on Friday to hit a four-week high on support from improved U.S. consumer confidence and further evidence of record levels of compliance by OPEC with its agreed output cuts. U.S. crude futures jumped $2.08 to settle at $53.20 a barrel, after hitting $53.65, […]

Oil punt makes big bucks but coastlines at risk

LONDON (Reuters) – Big international oil companies are making hundreds of millions of dollars storing crude on tankers offshore in a trading play that environmentalists say sidesteps shipping rules and puts coastlines at risk. The $100 per barrel drop in crude oil prices since July, to around $50, has pushed the market into an unusually […]

Petrobras brings Brazil's new oil wealth onstream

RIO DE JANEIRO (Reuters) – State-run energy company Petrobras on Friday lifted the first subsalt oil from the massive, ultra-deep, offshore Tupi field, an action Brazil’s government hopes will launch a new era for Latin America’s largest economy. Petrobras (PETR4.SA)(PBR.N) shocked the oil world in November 2007 when it said the field contained up to […]

New Report Shows Hydrogen Vehicles will Drive Change

Today, the National Hydrogen Association released a new report called the “Energy Evolution: An Analysis of Alternative Vehicles and Fuels to 2100.” The Energy Evolution shows that a scenario which initially includes a mix of alternative vehicles, and is later dominated by hydrogen fuel cell electric vehicles sales is the only way to simultaneously cut […]

Solar Industry's Long Term Outlook

Investing in Solar has been a roller coaster experience. Since the beginning of the crisis, Solar Stock went down between 50% to 80% from their high. They did that huge pullback in less then a year (Most of Solar Highs has been reach in the summer 2008). Seeking Alpha

From fame to shame: The coming crisis of unecological economics

Economics, as it has been taught for well over a century, is unecological. It overlooks or explains away long run natural constraints to economic growth. Nonetheless, the penetration of physics into economic thought has made the most fundamental condition of human existence unavoidable in debates about the future: The terrestrial sphere is thermodynamically closed. We […]

Scientists say device charges cars smarter

Device automatically figures out best and cheapest times to recharge cars SEATTLE – Researchers at the Pacific Northwest National Laboratory in Richland, Wash., say they’ve come up with a way to recharge electric cars that won’t strain the power grid. The smart charger controller is a device that automatically figures out the best and cheapest […]

Capitalism in Wonderland

…Apologists for capitalism continue to occupy Wonderland, because it is only in Wonderland that environmental problems either do not really exist or can be solved by capitalism, which can also improve the quality of life for the mass of humanity. BjSoon after the publication of The Skeptical Environmentalist, environmental scientists documented the countless flaws (not […]

Drivers could get a charge out of Chevrolet Volt

WARREN, Mich. What’s a mule? A chassis and powertrain from the target vehicle clothed with the body and interior of some other car about the same size. GM won’t begin making Volt bodies until late May, so it is using the body and some of the interior of the similar-size Chevy Cruze compact sedan atop […]

Power to the people

It costs Using

Humanity's carbon budget set at one trillion tonnes

No more than one-quarter: that’s the proportion of existing reserves of oil, gas and coal that we can burn if we are serious about keeping the planet from warming by 2 If governments are to stick to their pledge to avoid “dangerous” global warming

The Environmental Inverted Pyramid

This chart, adopted from a very interesting new survey (.pdf) of 2,164 American adults on climate policy, reveals part of the problem that advocates of more aggressive measures to curb climate change may be encountering as they seek to push forward initiatives like cap-and-trade. The survey, conducted by George Mason University’s Center for Climate Change […]

Plastic cups could boost auto performance

The energy crisis has given rise to a new source of fuel “One can recycle any kind of plastic, but if you are camped in a remote area, recycling is not an option,” Kong says. “Turning plastic into fuel is a way to get rid of garbage and generate electricity.” Kong and colleagues dissolved polystyrene

Fertilised fields put plant diversity in the shade

The 35-year-old mystery of why fertilisers decrease biodiversity has finally been solved. The secret? They increase competition for sunlight. Adding fertilisers to grasslands increases the productivity of plants, but leads to a major drop in biodiversity. The amount of nitrogen and phosphorus available to plants has doubled in the last 50 years, but the reason […]

Drilling forecasts predict fewer oil and gas wells this year

CALGARY In Saskatchewan, the drilling is predicted to drop by 38 per cent while in British Columbia the drilling is expected to drop by 18 per cent. If the declines occur, they will mark the biggest hit the industry has taken since the late 1980s. The new numbers mean even more jobs will be lost […]

Krugman: An Affordable Salvation

The 2008 election ended the reign of junk science in our nation Yes, limiting emissions would have its costs. As a card-carrying economist, I cringe when

With Marathon expanding plant, more fuel is on the way

GARYVILLE, LA . Expected to be completed later this year, the project will expand the 256,000-barrel-per-day refinery, now the country

Mexico's Pemex posts $1.9 bln loss as output falls

MEXICO CITY (Reuters) – Mexico’s state oil company Pemex posted a net loss of 27 billion pesos ($1.9 billion) in the first quarter, hurt by lower production and oil prices and a rise in its debt costs as the peso declined. Pemex had a net profit of 3.3 billion pesos in the same quarter a […]

China tightens grip on rare earths

THE late Chinese leader Deng Xiaoping once said: “The Middle East has oil, China has rare earths”. Now his successors could add: “And we also have Australia’s rare earths”. And that means China keeps its control of the global rare earths market – and allows it to call the tune on the future of a […]

Is this really the start of the oil rebound?

Winter has come late this year for industry. With ship owners mothballing vessels and domestic planes being grounded, companies across the economy are being forced to go into hibernation just as the summer months approach. The oil industry is doing the same. With oil languishing around $50 a barrel, it no longer makes sense to […]

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