WWJD?

Jeff Rubin, that is. When oil is no longer cheap and plentiful, our systems that are fueled by this inexpensive energy source will no longer be viable. What would Jeff Do? Jeff Rubin, that is. Last week, I went to hear this former CIBC World Markets chief economist talk about his predictions for the future. […]

Kurt Cobb – Green shoots: An alternative view

I am seeing green shoots everywhere these days. But not in the places in which Wall Street’s strident financial cheerleaders and Washington’s happy economists are. I am seeing green shoots in the many cracks in the suburban neighborhood roads I now travel daily by bicycle. Unlike the supposed financial green shoots, these green shoots are […]

The Net Hubbert Curve: What Does It Mean?

Cutler Cleveland of Boston University has reported that the EROI of oil and gas extraction in the U.S. has decreased from 100:1 in the 1930 Well, first, it means that, if the trend of declining EROI continues, society will be spending an increasingly larger chunk of their remaining energy to get more energy. This cycle […]

Mackenzie Valley pipeline 'a national embarrassment'

CALGARY — Calling the proposed Mackenzie Valley pipeline “a national embarrassment,” the president of MGM Energy Corp. said Tuesday his company will stop drilling in the Arctic until a decision to construct the long-stalled project is made. The tiny company discovered or acquired so much natural gas it Now, it can no longer justify spending […]

The day Five Points became a riot zone

Tuesday will mark the 30th anniversary of the nation’s first gasoline riots in Levittown. On a hot Saturday afternoon about 5 p.m. June, 23, 1979, Bristol Township police officer Bob Hairhoger was responding to an accident on New Falls Road near Red Cedar Drive. What would transpire a few moments later would grab international headlines, […]

$80 dollar oil could trigger a new recession

With the

Sacked oil workers torch letters at Total refinery

LONDON (AFP) The Lindsey workers then marched up to the nearby Humber refinery, which is run by ConocoPhilips, where they won a show of support from their fellow workers. Similar action was also under way at Aberthaw power station in South Wales, where 300 contractors walked out, along with another 60 at a site in […]

Saudi oil production at 12-month low

Saudi ArabiaTheNational

Iraq plans to issue $5b in bonds to finance projects

Iraq, holder of the world’s third-largest oil reserves, may sell about $5 billion (Dh18.35 billion) in bonds to finance infrastructure projects including construction of power plants and water-supply facilities, a government spokesman said. The government approved a proposal to sell debt and is awaiting a positive response from parliament, Baghdad-based spokesman Ali Al Dabbagh said […]

Chavez asks Russian president to help hike oil prices

VenezuelaMosNews

Medvedev to Pursue

Russian President Dmitry Medvedev will seek to boost RussiaBloomberg

Earth's coastlines after sea-level rise, 4000 AD

Even if we could freeze-frame the atmosphere as it is today, sea levels would still rise by 25 metres, says the latest study into the effects of climate change on melting ice sheets. Eelco Rohling of the UK National Oceanography Centre at the University of Southampton and colleagues reconstructed sea level fluctuations over the last […]

Iran overtakes Saudi as China's No.1 crude supplier

Iran overtook Saudi Arabia in May as China’s top crude supplier, Chinese customs data showed on Monday, but traders said it was partly due to a supply cut from the Saudis. Beijing-based trading officials cautioned against reading too much into one month’s figures, which they said may have been skewed due to technical problems such […]

New power-plant drain on rivers sparks debate

New power plants planned along the lower Colorado River could use the same water supply that was denied San Antonio for future growth. The driving force is simple. Power shortages are forecast for Texas But experts, environmental groups and others are beginning to question whether there is enough water available to serve the massive facilities. […]

Nigeria's First-Quarter Revenue Misses Target on Low Oil Income

First-quarter revenue in Nigeria, Africa’s most populous country, missed government’s target by as much as 32 percent owing to a decline in oil income. Income realized from oil, the west African country’s main revenue earner, dropped to 189.3 billion naira, or 53 billion naira less than the amount targeted, according to the statement, adding that […]

Peru's Congress Repeals Laws Behind Amazon Clashes

Peru’s Congress overturned two controversial land laws on Thursday that ignited clashes between police and indigenous protesters in the Amazon rain forest two weeks ago, killing at least 34 people. The vote to throw out legislative decrees 1090 and 1064 could delay foreign investment in mining and energy projects and may prompt Peru and the […]

Uganda's Oil Quest Seen as Threat to Biodiversity

Uganda’s oil finds in the Albertine Graben, involving Britain’s Tullow Oil, threaten biodiversity there, an environmental body said. Foreign companies continue to make hydrocarbon finds in western Uganda on the border with the Democratic Republic of Congo, with estimated reserves of two billion barrels and $500 million invested by the end of 2008.There are four […]

Set the controls for the heart of the Sun

The highly compacted core of the sun is a very hot place indeed. In the star’s burning heart, hydrogen atoms collide at immense speeds. This welds them together and turns them into helium atoms, which each release a burst of energy that escapes into the solar system as light. It is a nuclear furnace, responsible […]

Blooming Biofuel: How Algae Could Provide the Solution

In the years since the discovery of significant concentrations of lipids in certain species of algae, estimates for the potential of the single-cell water-borne plant have varied wildly. What is agreed is the substantial potential for algae to become a valuable resource in the portfolio of second generation biofuels. The tiny plants can produce at […]

Water for energy: The bad bet for biofuels

Water Number: 50 gallons of water per mile. This is the water required to produce the ethanol biofuels needed to drive a car ONE mile, using irrigated corn. This number comes from a recent Environmental Science and Technology (ES&T) journal article by R. Dominguez-Faus, Susan E. Powers, Joel G. Burken, and Pedro J. Alvarez. 50 […]

China leads energy spurt

Unprecedented turbulence in world energy markets in 2008 may have overshadowed a less dramatic but perhaps equally profound development in implications for the long term. For the first time ever, the developing world led by China leapfrogged industrial and developed nations in the consumption of primary energy. Outside OPEC, crude production recorded the steepest decline […]

Upward tick in gas prices may be coming to an end

COLUMBUS, Ohio (AP) The recent run-up exceeds anything that oil analysts say they have seen since the 1970s. But the streak should end Monday or Tuesday, Tom Kloza, publisher and chief oil analyst for OPIS, said Sunday. The Energy Information Administration reported that gasoline stockpiles grew last week by 3.4 million barrels, or 1.7 percent, […]

Nigerian Militants Claim Attack on 3 Shell Oil Facilities

Nigeria’s main militant group said Sunday it sabotaged three more oil facilities in the restive Niger Delta in response to a military offensive begun last in the region. The Movement for the Emancipation of the Niger Delta, or MEND, said in a statement e-mailed to journalists that the group had destroyed two Royal Dutch Shell […]

Nuclear nations rush to lock in uranium deals

TORONTO (Reuters) – A global shift toward nuclear power is prompting countries to rush to lock in long-term access to tight supplies of uranium, and China and India look to be the next players to get in on the action. A tie-up between Rosatom, the Russian state-owned producer, Rosatom and Canada-based miner Uranium One announced […]

Nissan to make electric cars in U.S.: report

(Reuters) – Nissan Motor Co plans to launch production of electric vehicles and their batteries in the United States to tap low-interest loans for green vehicles, the Nikkei business daily said. The overall investment is estimated at 50 billion yen ($516.4 million) and may rise to 100 billion yen, it said. Under the plan, the […]

GCC nations to reap windfalls if oil prices rise: Goldman

(Reuters) – Gulf Cooperation Council (GCC) countries and Russia could enjoy large windfalls if oil prices rose to as much as $63 per barrel this year and $90 next year, Goldman Sachs analysts said, adding they saw brighter prospects for the Gulf Arab nations when compared with Russia. Goldman’s commodities research analysts have raised their […]

La Revolucion Energetica: Cuba's Energy Revolution

Just a few years ago Cuba The statistics are impressive, the country is currently consuming 34% of the kerosene, 40% of the LPG (liquefied petroleum gas) and 80% of the gasoline it used to consume before the implementation of the Energy Revolution a mere two years earlier. Cuba

Did Sewage Sludge Lace the White House Veggie Garden With Lead?

In March, Michelle Obama delighted locavores when she planted an “organic” vegetable garden on the White House’s South Lawn. For years, Alice Waters, Michael Pollan, and other sustainable food activists had been pushing the idea as a way to reseed interest in do-it-yourself agriculture. Less than two months later, the National Park Service disclosed that […]

Cheer Up, It's Going to Get Worse

Transition communities gear up for society’s collapse with a shovel and a smile Three years ago, David Fridley purchased two and a half acres of land in rural Sonoma County. He planted drought-resistant blue Zuni corn, fruit trees and basic vegetables while leaving a full acre of extant forest for firewood collection. Today, Fridley and […]

Oil rush: Scramble for Iraq's wealth

Critics said the war was all about the nation’s lucrative fuel industry. Are they now being proved right? For many Iraqis, the reason the US invaded their country in 2003 was to get control of their oil. I never believed this at the time. I thought that the US overthrew Saddam Hussein and occupied Iraq […]

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