Malaysia calls for calm over border dispute with Indonesia

KUALA LUMPUR (AFP) “We want to avoid any form of provocation that can cause unpleasantness. We must handle the matter with caution,” Muhyiddin was quoted as saying by Bernama, the Malaysian news agency. Muhyiddin was also quoted as saying that Malaysia had good relations with Indonesia and that it did not want to cause any […]

Phosphorus Famine: The Threat to Our Food Supply

As complex as the chemistry of life may be, the conditions for the vigorous growth of plants often boil down to three numbers, say, 19-12-5. Those are the percentages of nitrogen, phosphorus and potassium, prominently displayed on every package of fertilizer. In the 20th century the three nutrients enabled agriculture to increase its productivity and […]

Goldman Raises Year-End Crude Forecast by 31% to $85

(Bloomberg) — Goldman Sachs Group Inc. raised its forecast for U.S. benchmark oil by 31 percent to $85 a barrel for the end of 2009 and predicted further gains next year as demand recovers and supplies shrink. Oil posted its biggest monthly gain in a decade in May, and traded above $69 a barrel for […]

The new 'good' job: 12 bucks an hour

In the Midwest, communities race to replace dwindling auto jobs with renewable energy ones, but workers will have to sacrifice on their pay. NEW YORK (CNNMoney.com) — Massive investment in renewable energy could ultimately create 4 million manufacturing jobs. But for the workers in the bottom rung of this movement, the shift to green jobs […]

Lester Brown: Melting Ice Could Lead to Massive Waves of Climate Refugees

As the earth warms, the melting of the earth Assessing the prospects for the Greenland ice sheet begins with looking at the warming of the Arctic region. A 2005 study, conducted by the Arctic Climate Impact Assessment (ACIA) team, an international group of 300 scientists, concluded that the Arctic is warming almost twice as fast […]

Jeff Rubin: Small new world

I have good news and bad news for you. First the bad news. With global oil supply dwindling and demand rising, you can expect scarcity. And scarcity means high prices. You can expect triple-digit oil prices in the near future. Yes, the price at the pump is going to go up. Count on it. In […]

Dreams of dollars blown away

Kittery wind turbine turns out to be an underperformer KITTERY, Maine Having recently received results from the eight-month wind energy demonstration project, Carter said analysis of the real-time data provided by the wind turbine shows that over the time period from October 2008 to May 2009, the actual production of electricity was only 15 percent […]

The Ultimate Race: Peak Oil vs. Global Warming

Last year, in a fit of journo-satirical inspiration, we gamed out an enviro-athletic competition based on the pseudo-serious question: What will end the world first, Global Warming or Peak Oil? We called it The Ultimate Race. And after an offseason hiatus, the race is on, again. For how long? Well, that’s kind of the point […]

Administration: Highway fund to go broke in August

…Two congressionally mandated commissions have called for an immediate increase in the gas tax. The first commission, which issued its report in early 2008, recommended a 40-cent per gallon hike. The second panel, which issued its report earlier this year, recommended the tax be increased 10 cents per gallon for gas and 15 cents per […]

The Human Cost of Climate Change

Climate Change: The Anatomy of a Silent Crisis The Global Humanitarian Forum; 117 pages Quick: What does global warming look like? A forlorn polar bear stuck on a splintering glacier makes for a gripping visual, but a new report says there are millions of climate-change victims we don’t see 1. The scale of the problem: […]

Germany

(Bloomberg) — As much as 100 billion euros ($143 billion) in planned investments in German offshore wind farms are at risk as developers struggle to get funding, jeopardizing the deepest emissions cuts in the European Union. Bochum Germany wants to add up to 25 gigawatts of wind energy by 2030, according to the Environment Ministry, […]

The Final Century of Civilization

It’s an idea that most of us would rather not face — that within the next century, life as we know it could come to an end. Our civilization could crumble, leaving only traces of modern human existence behind. Experts have a stark warning: that unless we change course, the “perfect storm” of population growth, […]

Global oil companies to invest $375 bn despite downturn

The private and state-run oil companies worldwide would invest $375 billion in the hydrocarbon sector this year despite the economic downturn and concerns about low oil demand, market research firm Ernst & Young said in a report. About 70 percent of the investment would come from the oil companies in Asia and South America, and […]

All Biofuel Politics Are Global

Biofuel policy in Washington these days has gotten too far off course. Ethanol opponents are hard at work trying to shift focus to the alleged impacts of American ethanol use on the decisions of farmers, ranchers, loggers, developers and governments half the world away, despite scant evidence to suggest any relationship exists. By focusing on […]

Nobel Peace Prize Winner Provides Blueprint to Tackle Climate Change

Nobel Peace Prize winner Dr Rolph Payet explained the human failures which have led to climate change and outlined his blueprint to overcome them at a special lecture in London. During the lecture organised by the University of London External System, the London International Development Centre (LIDC) and the Centre for Development, Environment and Policy […]

Green energy investments top carbon fuels: UN

WASHINGTON (AFP) And 105 billion dollars was spent directly developing power generating capacity from wind, solar, small-hydro, biomass and geothermal sources. The 2008 investment was more than four times higher than that in 2004 according to the report Global Trends in Sustainable Energy Investment 2009, prepared for the UN Environment Programme’s (UNEP) Sustainable Energy Finance […]

Rubin: When you spend more on fuel than food, an economic contaction will follow

Earlier this week I spoke to Jeff Rubin, former chief economist at CIBC and one of the most mainstream of the economists who believe in peak oil (in that he believes conventional oil production has peaked). He What do you think the oil price rise to now $68 will mean for economic recovery? I think […]

Oil Demand Falling Fast In Japan

Japan may be forced to shut more than a fifth of its refining capacity, at least 1 million barrels per day, in the next five years as oil demand falls faster than expected, the head of the country’s top refiner said on Tuesday. Nippon Oil Corp President Shinji Nishio also told the Reuters Energy Summit […]

U.S. Accidentally Releases List of Nuclear Sites

The federal government mistakenly made public a 266-page report, its pages marked On Tuesday evening, after inquiries from The New York Times, the document was withdrawn from a Government Printing Office Web site. Several nuclear experts argued that any dangers from the disclosure were minimal, given that the general outlines of the most sensitive information […]

Uganda: Oil Reserves Rival Saudi Arabia's, Says U.S. Expert

Kampala “You are blessed with amazing reservoirs. Your reservoirs are incredible. I am amazed by what I have seen, you might rival Saudi Arabia,” Kornfeld told a visiting delegation from Uganda in Washington DC. The group of Ugandans was in Washington on an international visitor programme and looked at the efficient use of natural energy […]

Natural Gas Revisited

It seems like the question I get asked more than any other one is “What are the prospects for natural gas?” I wrote a post in September, 2008, saying that it looked like there was a reasonable chance natural gas production could be ramped up. I still think that is true. In fact, through March […]

Stop the world, Jeff wants to get off

…Mr. Rubin has since departed from CIBC. This, he claims, is significantly due to his new book: Why Your World Is About To Get a Whole Lot Smaller. It’s easy to see why the bank wouldn’t like it. But that’s likely not because it’s too boldly insightful, as Mr. Rubin might believe. It’s because Mr. […]

JPMorgan Hires Supertanker for Storage, Brokers Say

(Bloomberg) — JPMorgan Chase & Co., the second- largest U.S. bank by deposits, hired a newly built supertanker to store heating oil off Malta, shipbrokers reported, in the company JPMorgan, which has never hired an oil tanker based on data compiled by Bloomberg going back five years, follows companies including Citigroup Inc.

Ronald Reagan: Worst President Ever?

…Granted, the very idea of rating Reagan as one of the worst presidents ever will infuriate his many right-wing acolytes and offend Washington insiders who have made a cottage industry out of buying some protection from Republicans by lauding the 40th President. But there Nixon, Ford and Carter won scant praise for addressing the systemic […]

Crude Conversations: Obama, Saudi Arabia and U.S. Oil Imports

When President Obama meets with Saudi King Abdullah this week, he It

A Call to Action on Peak Oil

We are being lulled to sleep by temporarily low oil prices caused by the global financial crisis. In fact, low prices may lead to an increased level of consumption and accelerated exhaustion of oil reserves. As soon as the global economy recovers, we can expect oil and other fossil fuel prices to shoot right back […]

Peak oil three years away

The global financial crisis might have put it back a little, but peak oil is just three years away, according to the chair of Australia’s peak body for petroleum. The Australian Petroleum Production and Exploration Association’s Eric Streitberg says peak oil is supply driven and new reserves are not being uncovered that can keep up […]

China Won

(Bloomberg) — China, the world The government started filling four storage bases on the eastern coast last year to hold the equivalent of 30 days of oil imports. Under a second phase, China plans to build underground caverns and storage tanks in inland regions. Representatives of domestic and foreign media visited the Zhenhai and Zhoushan […]

Jeff Rubin's Shrinking World

After a quarter-century of increasing free trade and globalization, we have seen our prosperity suddenly stagger — even in China, where mere six per cent growth is effectively a recession. While GM goes bankrupt, investors still dream of a return to “normal”: the happy years before 2008. Jeff Rubin, chief economist at CIBC World Markets […]

Qatar has enough gas reserves for 200 years: OBG

DOHA: Qatar Qatar

« Previous Page — Next Page »

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy