Tax Credit for Natural Gas-Fueled Cars May Be Doubled, Extended

Tax incentives for buying vehicles fueled by natural gas would be doubled in size and extended for a decade under legislation being introduced by U.S. Senate Majority Leader Harry Reid of Nevada. The credits, which can be used to cover 80 percent of the added cost to buy natural gas-fueled vehicles over conventional automobiles, would […]

G8 emissions pledge is 'scientifically illiterate'

It sounds big, but it just isn’t enough. Leaders of the G8 industrial nations meeting in Italy this week are likely to agree that the world must cut greenhouse gas emissions by 50 per cent by 2050. That means cuts of 80 per cent among the rich nations. They will say that this is essential […]

Oil Shocks: Biden, Iran and Fears of Another Price Jump

Oil analysts are jittery this week following comments on Sunday by Vice President Joe Biden that were widely interpreted as a green light to Israel to bomb Iran’s nuclear facilities. Many in the industry have long viewed such an attack as a prelude to a nightmare in global energy markets: Iran retaliating by sinking oil […]

Are you Ready for $20 Per Gallon Gas?

Pump prices are off from last year’s highs, but don’t expect that to last. Forget the classic road trip. Americans are abandoning afternoon drives and summer getaways, thanks to the recession and an unemployment rate that’s hovering dangerously close to double digits. The American Automobile Association estimates that the number of drivers traveling over the […]

Pickens

Texas oil man made a big splash, but has little to show for it NEW YORK – The past year has been tough on T. Boone Pickens and his $60 million mission to wean America off of foreign oil. Over the past 12 months, Pickens pressed the public to rethink its use of energy. His […]

U.S. Considers Curbs on Speculative Trading of Oil

Reacting to the violent swings in oil prices in recent months, federal regulators announced on Tuesday that they were considering new restrictions on The Commodity Futures Trading Commission said it would consider imposing volume limits on trading of energy futures by purely financial investors and that it already has adopted tougher information requirements aimed at […]

Does commute seem shorter? Report confirms less traffic

(CNN) — Americans are spending less time stuck in traffic and wasting less gas, according to a new report. Rising joblessness and stinging gas prices have put the brakes on worsening trends in traffic congestion, according to a study issued Wednesday by the Texas Transportation Institute, the nation’s largest university-based transportation research facility. “It’s temporary, […]

NASA data shows 'dramatically thinned' Arctic ice

WASHINGTON (AFP) ICESat allows scientists to measure changes in the thickness and volume of Arctic ice, whereas previously scientists relied only on measurements of area to determine how much of the Arctic Ocean is covered in ice. Scientists found that Arctic sea ice thinned some seven inches (17.8 centimeters) a year, or 2.2 feet (67 […]

OPEC: World will need less of its crude

OPEC says the world will need less crude oil from the group in 2013 than it did last year as the lingering impact of recession crimps demand and rising biofuels supply makes up for shrinking production elsewhere. The Organization of Petroleum Exporting Countries, whose members supply about 40 percent of the world

Solar for Dark Climates

Cool Energy, a startup based in Boulder, CO, is developing a system that produces heat and electricity from the sun. It could help make solar energy competitive with conventional sources of energy in relatively dark and cold climates, such as the northern half of the United States and countries such as Canada and Germany. Solar […]

DNV Classes World's First Circular Ultra-Deepwater Rig

A new milestone has been reached in the offshore drilling industry. The first circular drilling rig prepared for drilling at a water depth of almost 4,200 meters was named at COSCO Shipyard Group’s Qidong Shipyard on June 28. A grand naming ceremony was held at the site to celebrate the successful completion of the Sevan […]

Benin Declares State of Emergency Over Floods

Benin has declared a state of emergency and called for international humanitarian aid after floods hit the south of the West African country. The government estimates that some 2,000 families have already been displaced by flooding caused by heavy rains and it appealed late Monday for immediate help to prevent the imminent spread of epidemics.Forecasts […]

Russian auditors attack coal exporters over pricing

Russia’s budget is losing substantial revenues because the country’s exporters ship coal overseas at artificially low prices through various offshore schemes, Russia’s top auditing body said. A report published on the Audit Chamber website said up to 80 percent of Russian coal exports were going through offshore firms at prices often 30 percent to 54 […]

Renewable Energy's Power Outage

The U.S. government stimulus package passed in February promised to reinvigorate the renewable-energy industry with new capital and programs, but the prospect of large flows of government money to the industry is holding up private-sector investment. New incentive programs haven’t yet been defined, and uncertainty about program rules has deterred investors from backing companies that […]

Repsol Says Global Oil Reserves Will Cover 40 Years of Needs

Repsol YPF SA, Spain’s biggest oil producer, said existing global oil reserves will meet supply needs for 40 years while gas reserves will last for 60 years. New areas of exploration such as offshore blocks in Brazil and Siberia will add to future reserves, Nemesio Fernandez Cuesta, general director of upstream at Madrid-based Repsol, said […]

Gordon Brown to warn G8 leaders of threat of second recession

Gordon Brown will today warn international leaders that sharp and unpredictable rises in oil prices risk “choking off” the global economy and pushing the world into a second recession. At the Group of Eight summit in Italy, the Prime Minister will sound a pessimistic note about the economic outlook and suggest the limited recovery now […]

Mexico's Pemex To Boost Oil Exploration In Southern District

Mexico is increasing oil exploration in a group of states south of the Gulf of Mexico to book reserves and offset declining output at existing wells. State-run oil company Petroleos Mexicanos is seeking companies to design oil wells and oversee exploratory drilling starting in November under a two-year contract, according to a tender notice published […]

Book Review: Transition Timeline for a Local, Resilient Future

The Transition Timeline for a Local, Resilient Future by Shaun Chamberlin White River Junction, VT: Chelsea Green Publishing, 2009 ISBN 978-1-69358-200-1 The Transition Town movement started in Ireland and England in 2005 and now has extended all around the world. It is a local, town by town, citizens’ movement which prepares people and communities for […]

The Oil Sands: Profiting from a Misunderstood Patch in the Oil Complex

One has to realize the enormous reserve base of the oil sands, allowing these companies to produce larger quantities of oil for a longer periods of time to a substantial degree. If that doesn’t spark your interest, there are several companies that have an oil sands operation to complement their flagship operations. The three largest […]

Senate Gets to Grips With Climate Change Bill

The US Senate began political debate on climate change legislation Tuesday, taking testimony from some of the biggest guns in the Obama administration: the Secretaries of Energy, Interior and Agriculture and the chief administrator of the Environmental Protection Agency (EPA). Debate could be completed by the third week of September and with this week’s appointment […]

World's first as fuel cell aircraft takes off in Germany

The world’s first piloted aircraft capable of taking to the air using only power from fuel cells took off in Germany Tuesday, producing zero carbon dioxide emissions, its makers said. Developed by the DLR, Lange Aviation, BASF Fuel Cells and Denmark’s Serenergy, the Antares DLR-H2 motor glider has a range of 750 kilometres (465 miles) […]

EEI Expo: Secretary Chu Describes Life in a Carbon-constrained World

On Thursday, June 25, energy secretary Dr. Steven Chu addressed industry executives at the annual Edison Electric Institute (EEI) conference and expo held in San Francisco. The secretary, who speaks like the scientist he is and not the political figures who in past years filled the secretary position, talked primarily about climate change. He thanked […]

Price Is EV

The electrification of the automobile has been called the auto industryAll of the major automakers are racing to put EVs in showrooms as early as next year, and they

EU Hits U.S. Biodiesel Makers With Five-Year Tariffs

(Bloomberg) — The European Union imposed five-year tariffs on U.S. biodiesel to help EU producers counter American subsidies and price undercutting, a step that may stoke trans- Atlantic trade tensions. The duties punish U.S. manufacturers of biodiesel, a type of biofuel made from vegetable oils and animal fats for use in diesel engines, for receiving […]

EIA raises 2009 world oil demand forecast

WASHINGTON — The U.S. Energy Information Administration on Tuesday once again raised its world oil demand forecast for this year as the global economy gradually improves. In its monthly energy outlook, the EIA increased its 2009 global oil demand projection to 83.85 million barrel per day (bpd), up 170,000 bpd from its June estimate of […]

Pickens paring down wind farm project

T. Boone Pickens’ plan to build the world’s largest wind farm is off. Instead, Pickens said he will build five or six smaller wind farms, in the Midwest and possibly Texas, though he hasn’t settled on locations. Last year, Pickens announced that he would build a 1,000-megawatt wind farm in Pampa, Texas. The problem a […]

Oil prices: is there a spike on the horizon?

So, have the past 12 months been a blip in the relentless charge ahead or were speculators the cause of an unsustainable boom? The implosion of the global economy cut energy demand to such an extent that tankers were being used to store oil offshore in the hope prices would rise in the future. Offshore […]

Liquefied Natural Gas: Advantages And Drawbacks

The sharp rise in energy prices and temporary cutbacks in pipeline gas imports from Russia in the recent past have raised concerns about the security, diversity, reliability and affordability of the EU Security Affordability Energy Efficiency and GHG Emissions Quality Shipping Science Daily

New Princeton method may help allocate carbon emissions responsibility

Just months before world leaders are scheduled to meet to devise a new international treaty on climate change, a research team led by Princeton University scientists has developed a new way of dividing responsibility for carbon emissions among countries. …The proposal would use individual emissions as the best, fairest way of calculating a nation’s responsibility […]

Scenarios For 2035: Long-Term Trends, Challenges And Uncertainties Facing NOAA

NOAA needs to consider alternative external environments in which it might operate in the next 25 years so it can best position itself to fulfill its mission requirements and generate sustained benefits in the areas most highly valued by society. The world in 2035 will be shaped by a complex set of forces, only some […]

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