Farmers Poised to Offset One-Quarter of Global Fossil Fuel Emissions Annually

WASHINGTON – Innovations in food production and land use that are ready to be scaled-up today could reduce greenhouse gas emissions equivalent to roughly 25 percent of global fossil fuel emissions and present the best opportunity to remove greenhouse gases already in the atmosphere, according to a new report by the Worldwatch Institute and Ecoagriculture […]

UK: Electricity figures show energy efficiency isn't working

Electricity demand has fallen substantially in the last couple of years, but is that because of the recession, energy efficiency or something else entirely? …If the cause is the contraction in the economy, then we can expect electricity use to rise again when growth resumes. On other hand if it is energy efficiency, then it […]

Surplus, Price to Aid Homes

Weak demand for electricity and abundant stockpiles of fuel are creating conditions that could benefit consumers in two important ways this summer: more reliable delivery of power and, in some places, cheaper prices. In most parts of the U.S., electricity reserves are getting fatter even though few power plants are being built. Overall U.S. electricity […]

Kevin Drum: Chart of the Day

As I’ve mentioned before, one of the big problems with reaching peak oil isn’t just that oil prices will go up, but that they’re likely to spike up and down fairly violently. In 2006, for example, demand for oil pretty much bumped up against the total available supply, which meant that even a small amount […]

GM sells Hummer to Chinese buyer

NEW YORK (CNNMoney.com) — General Motors Corp. has signed a deal to sell its Hummer truck unit to a Chinese industrial company, a person with knowledge of the deal said Tuesday. The news comes a day after GM (GMGMQ) filed for bankruptcy protection in New York. The company did not identify the buyer nor name […]

Kazakhstan's uranium 'stolen' by ex-official

ASTANA (AFP) “Our information confirms the illegal tranfer of more than 60 percent of the state’s uranium deposits into the property of Dzhakishev and the companies he owned,” a KNB spokesman told reporters in the capital Astana. The announcement by the KNB — the successor to the Soviet-era KGB — raises the pressure on Dzhakishev […]

160 Syrian villages deserted 'due to climate change'

DAMASCUS (AFP) “The 2007/8 drought caused significant hardship in rural areas of Syria. In the northeast of the country, a reported 160 villages have been entirely abandoned and the inhabitants have had to move to urban areas,” it said. In Syria and also in Jordan, Israel and the occupied Palestinian territories, “climate change threatens to […]

The Fifth Problem: Peak Capital

The world’ global positioning system (GPS) is in trouble. The US government accountability office (GAO) has published a worrysome report on the situation. The GPS satellites are wearing down and, if no new investments are made, the accuracy of the positioning system will be reduced. Eventually, the whole system may cease functioning. What’s happening here? […]

Solar power should replace wind energy, says Jack Steinberger

Nobel laureate: “Wind is not the future” Europe should scrap its support for wind energy as soon as possible to focus on far more efficient emerging forms of clean power generation including solar thermal energy, one of the world

Oil Producers Call For Maintaining $60-70/Barrel

(LWN) Officials of various oil-producing countries, including Saudi Arabia, Oman, and Venezuela, are calling for the price of oil to be maintained at sixty to seventy U.S. dollars per barrel. According to the Kuwait News Agency, the Oil Minister of Oman said on Monday that $60-70/barrel is a beneficial price level for both oil-producing countries […]

Rubin reveals a world bound to crude

…Rubin uses the analogy of digging in the couch to find the lost coins that inevitably fall from one’s pockets as a way of finding enough money to take the subway to work. “Right now, the oil companies of the world have their hands deep between the cushions, and so far they been coming up […]

Goodbye, GM …by Michael Moore

I write this on the morning of the end of the once-mighty General Motors. By high noon, the President of the United States will have made it official: General Motors, as we know it, has been totaled. As I sit here in GM’s birthplace, Flint, Michigan, I am surrounded by friends and family who are […]

Kunstler: Shattered and Shuttered

The dollar was up to its armpits in quicksand, and oil prices had crept stealthily into the death-to-airlines range, and if, in the old slogan, what’s good for General Motors really is good for the USA, then destiny was dealing a harsh lesson to The Land of the Free — while I made a drive […]

Hyper-population growth – how far down the gopher hole?

America added 106 million people from 1965 to 2006. Demographic experts showed 300 million people living in America in October 2006. They expect an added 100 million by 2035. The consequences grow irreversible and unsolvable. As population rises, carrying capacity drops. What is If animals or humans exceed

ASEAN, South Korea to push for 'green growth'

South Korean and Southeast Asian leaders agreed to work together to combat global warming and promote “green growth” in the fast developing region. The pledge of environmentally friendly and sustainable growth came at the end of South Korea’s two-day summit with the 10-member Association of Southeast Asian Nations (ASEAN) on the southern resort island of […]

Forget Peak Oil, What About Peak Demand?

With so many investors and pundits obsessed with peak oil, they may be missing the real story for oil: that we have passed peak demand and it’s only downhill from here. One of the central tenets supporting the bull market in energy has been the concept of peak oil. Asserting that the world cannot produce […]

China demand may tighten coking coal trade-analyst

China is becoming a major coking coal importer and as a result the global market might face tightness once demand from the rest of the world increases, an analyst with Scotia Capital said in a research note. “When end users of steel in the rest of the world finish de-stocking and begin to restock, global […]

Old Wood Is New Coal as Polluters Embrace Carbon-Eating Trees

Wood is becoming a hot commodity in a new low-carbon world. Power companies are burning trees because they’re renewable and can be cheaper than coal. Wood needs no permit to release carbon dioxide, a greenhouse gas blamed for global warming.Vattenfall AB of Sweden, Germany’s RWE AG and American Electric Power Inc. of Ohio, the biggest […]

Brazil and China boost oil investment

Just one of the big international oil “majors”, Chevron, has increased capital expenditure this year over last year, the study found. Repsol, Total and Exxonmobil had held spending steady but others including ConocoPhillips, BP and Royal Dutch Shell had all made significant cuts. But thanks to nationalised oil companies around the world overall expenditure has […]

Airplanes to Use Biofuel?

It’s no surprise that air travel contributes to global warming (currently about 3 percent of US total emissions), but scientists predict that these levels could triple by 2050. This statistic has prompted aircraft manufacturers and airlines like Boeing, Virgin, New Zealand Air, Japan Airlines and GE Aircrafts to test new aviation biofuels. Initial flight tests […]

Brazil to invest in ethanol workers, environment

The Brazilian government and the sugar cane-based ethanol industry are hoping to head off complaints about harmful environmental and labor practices by investing in socially responsible production methods, speakers at the 2nd Ethanol Summit 2009 said on Monday. Brazil’s Cane Industry Association (Unica), which is sponsoring the biennial event on June 1 to 3 in […]

Brazil Defends Production of Biofuels

The Brazilian government said on Monday that the production of biofuels does not increase food prices at the opening of the second ethanol summit. “Ethanol cannot be the scapegoat for the failure of international organizations, because the production and use of ethanol were not and will not be responsible for the prices of agricultural primary […]

Oil speculators threaten British recovery

The cost of petrol is threatening to pass the psychologically important Independent

G20 renewable energy aid not enough: IEA

Renewable energy’s sliver of the multi-trillion dollar economic stimulus announced by the world’s biggest economies falls far short of the investment needed to meet carbon emissions targets, the head of the International Energy Agency said on Monday. The IEA, which advises 28 industrialized countries on energy, estimates that only about $20 billion out of a […]

Gazprom's gas output falls sharply – Energy Min

Gas production by Russia’s Gazprom fell in May to 0.98 billion cubic metres (bcm) per day, down 14 percent from 1.15 bcm per day in April, Energy Ministry data showed on Tuesday. In year-on-year terms, Gazprom’s gas production fell by 34 percent.Reuters

Worker shortage threatens oil industry

A key player in Australia’s oil and gas industry says companies must do more to train and retain staff. The Deloitte Oil and Gas Group has published a report highlighting the top 10 issues facing the industry. A shortage of talented workers has come in at number seven. Deloitte’s Stephen Reid says 50 per cent […]

OPEC

The Organization of Petroleum Exporting Countries increased oil output by 1.5 percent in May, the biggest gain since 2007, a Bloomberg News survey showed. Oil output averaged 28.15 million barrels a day last month, up 405,000 from April, according to the survey of oil companies, producers and analysts. The 11 OPEC members with quotas, all […]

Kuwaiti Lawmaker Demands Publication Of Oil Reserves Size

-A Kuwaiti lawmaker Monday demanded the oil minister provides the exact size of the OPEC member’s crude reserves following doubts over the official figure of 100 billion barrels. In a question to Oil Minister Sheikh Ahmad Abdullah al-Sabah, liberal lawmaker Saleh al-Mulla demanded the volume of recoverable reserves in each Kuwaiti field, including offshore fields […]

Oil stocks look too expensive in short term

Still plenty of extra supply to meet demand Peak oil has arrived and prices are rising once again. The only problem with this story is that demand has peaked — not supplies. Normalization in oil prices is needed to encourage long-term production; however, the 47% rise in oil prices over the past five weeks is […]

Peak oil review – June 1

1. Production and Prices 2. The rebound 3. Brazil 4. Briefs 1. Production and Prices Oil prices surged to a six-month high above $66 a barrel last week, despite protests from most observers that fundamentals of supply and demand did not support such a move. A combination of factors was behind the sudden rise. Most […]

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