Global Warming May Bring Tsunami And Quakes: Scientists

Quakes, volcanic eruptions, giant landslides and tsunamis may become more frequent as global warming changes the earth’s crust, scientists said on Wednesday. Climate-linked geological changes may also trigger “methane burps,” the release of a potent greenhouse gas, currently stored in solid form under melting permafrost and the seabed, in quantities greater than all the carbon […]

BHP warns of an energy shortage

BHP Billiton remains uncertain about short-term demand for commodities because of the lingering impact of the global financial crisis. But it is in no doubt about the longer term, predicting looming global shortages in energy and copper as the industrialisation and urbanisation of China and India pick up pace. And for good measure, it is […]

It

ASK VIRTUALLY anyone in Terrace what peak oil is, and almost no one knows. A few will muddle with the two words and approximate a meaning such as When aspects of experience remain constant for long periods of time, we tend to take them for granted, like the air we breathe. Oil and its myriad […]

China think-tank bleak on global climate goal

BEIJING (Reuters) – An international goal to limit global warming to no more than 2 degrees Celsius appears unreachable even if China embarks on a vast effort to tame its growing greenhouse gas emissions, a Beijing think-tank has said. The report cast doubt on the prospects for the world to stay within a commonly accepted […]

Consumer prices down 1.5% in past year

NEW YORK (CNNMoney.com) — A key index of consumer prices rose in August, but sank significantly over the past 12 months, the government said Wednesday. The Consumer Price Index, the Labor Department’s key measure of inflation, rose 0.4% in August on a monthly basis. Economists surveyed by Briefing.com expected a 0.3% increase. Overall CPI has […]

Irving Oil warns against big energy projects

Irving Oil Ltd.’s chief executive officer issued a direct warning to regional premiers and governors on Tuesday to be wary of building costly energy infrastructure projects. Kenneth Irving used a speech at the New England Governors and Eastern Canadian Premiers conference in Saint John to underscore to the political leaders that no one can predict […]

Volatility in the Price of Oil since Hubbert's Peak and Investment Risk

A cause for the financial crisis is described that differs from the emerging conventional wisdom. It is proposed a shift in interest occurred within the global financial industry in the mid-2000s that altered incentives from protecting shareholders to promoting self-interested “cashing-out”. The underlying reason for this shift is suggested to be volatility in the price […]

Apocalypse Now: A Checklist for the Fearful

It Since the collapse of the economy last year, there

IEA warns Europe of new winter gas crisis

Europe faces the risk of another gas crisis this winter but this danger should not be exaggerated, a senior International Energy Agency official said today. A pricing dispute between Russia and transit country Ukraine cut gas supplies to Europe during freezing January weather this year. “Certainly there is a risk (of a repeat) but I […]

Critics Say Australia Forgot About Efficiency

Like a number of countries pursuing new vehicle incentive programs and But unlike programs in, say, the United States, which offered between $3,500 to $4,500 to consumers who traded old cars for new ones with higher fuel economy, Australia

New Standard Links Mileage and Gas Emissions

WASHINGTON The government projects that the vehicle regulations will raise new car and truck prices by an average of $1,100, but that drivers will save $3,000 over the life of a vehicle in fuel bills. Officials also said the new program, which is to take effect in 2012, would reduce carbon dioxide emissions by nearly […]

The Thermodynamics of Local Foods

Books, blogs, and articles about local foods have been popping up with high frequency recently. I am not going to get into who I am going to make an argument I don

Total sees oil production rebound in 2010

PARIS (AP) — Total SA expects its oil production to rebound in 2010 after cuts by OPEC and falling demand caused by the global recession weighed on its output this year, the company said Wednesday. The forecast was included in slides on the French oil giant’s Web site ahead of a presentation to analysts later […]

Iran says ready for any possible gasoline sanction

TEHRAN (Reuters) – Iran is prepared to deal with any possible sanctions on its imports of gasoline that world powers might impose over Tehran’s disputed nuclear programme, Oil Minister Massoud Mirkazemi said on Wednesday. While Iran is the world’s fifth-largest crude exporter, it still has to import up to 40 percent of its gasoline supplies […]

Supply constraints to push oil up to $105 a barrel by 2012

Oil prices will rebound to $105 per barrel by 2012 due to the upcoming tightening of supply, a new study has found. According to a Morgan Stanley report, most of the scheduled incremental oil capacity from 2009 to 2015 is highly ambitious and unlikely to be achieved due to technical, financial and political setbacks. This […]

Ethiopia

(Bloomberg) — Ethnic Somali rebels from the Ogaden National Liberation Front issued a fresh warning to companies exploring for oil in Ethiopia The warning from the rebel group comes after the Ethiopian Reporter, an Addis Ababa-based newspaper, said that a contractor for Malaysia

When will we hit peak oil? Try 2009 – Macquarie

Peak oil supply will be hit this year after the economic crisis and low prices in the first quarter of 2009 slashed much needed investment, a senior executive at Australian investment bank Macquarie said. “This is our view — capacity has pretty much peaked in the sense that declines equal new resources,” Iain Reid, head […]

Tackling Climate Change Could Earn Africa $1.5bn

Using Africa’s vast agricultural resources to help tackle climate change could earn the continent $1.5 billion (909.4 million pounds) a year, a World Bank head said on Tuesday. The region should also tap its underexploited renewable resources, particularly hydropower, to meet increasing energy demand and boost both growth and development.“It is essential that climate change […]

Iran warns India on gas pipeline

Iran’s ambassador in India says Delhi must decide soon on a multi-billion dollar gas pipeline deal or else they will talk to other countries. Iran’s ambassador in India Seyed Mehdi Nabizedeh said they were willing to offer India a limited time. The pipeline will transport gas from Iran to India through Pakistan, and is seen […]

World Bank spends billions on coal-fired power stations despite own warnings

The World Bank is spending billions of pounds subsidising new coal-fired power stations in developing countries despite claiming that burning fossil fuels exposes the poor to catastrophic climate change. The bank, which has a goal of reducing poverty and is funded by Britain and other developed countries, calls on all nations in a report today […]

Algae Biofuels: From Pond Scum to Jet Fuel

Exxon Mobil and genome expert Craig Venter hope to strike it green with oilgae, but a few obstacles remain on the path to commercialization of biofuel from algae. Once the microalgae are cultivated, biofuel manufacturers are faced with two major technical hurdles: harvesting and dewatering. Microalgae cultures can be 80%-90% water, so cells must be […]

Venezuela's Chavez aims to tap nuclear energy

Hugo Chavez wants to join the nuclear energy club and is looking to Russia for help in getting started. The Venezuelan leader is already dismissing critics’ concerns over his nuclear ambitions, offering assurances his aims are peaceful and that Venezuela will simply be following in the footsteps of other South American nations using atomic energy.Yet […]

Russia wants foreigners to tap offshore oil and gas

Russia wants foreign companies to help develop its massive offshore oil and gas reserves as domestic firms lack the means to do so alone, Natural Resources Deputy Minister Sergei Donskoi said. His comments on Tuesday echoed earlier statements by his chief, minister Yuri Trutnev, who in July said Russia should consider changes to legislation limiting […]

Norway Voters Show Support For New Oil Areas

Norway’s general election underlined the voters support for parties who favor the opening up of oil activity in key areas offshore Lofoten and Vesteraalen, with parties positioned against the move losing support, the chief of Norway’s oil industry association Per Terje Vold said Tuesday. “The results of the general election clearly indicate that the Socialist […]

Crucial Iran nuclear evidence 'covered up'

The International Atomic Energy Agency (IAEA) says its present objective regarding Iran is to try to determine whether the intelligence documents purportedly showing a covert Iranian nuclear weapons program from 2001 to 2003 are authentic or not. The problem, according to its reports, is that Iran refuses to help clarify the issue. But the IAEA […]

When Renewable Is Not Sustainable

Ethanol and solar power deplete land and water resources. Renewable energy is sold to the public as an environmentally benign alternative to energy produced by fossil fuels. With respect to ethanol and solar power, however, the debate has ignored how land and water use is affected by refining ethanol, growing corn and siting solar plants. […]

Can Keynesian Spending Achieve National Energy Security?

National and international spending and investment plans to fight climate change are being constantly increased, to a background of government friendly media around the world being instrumented to tread a delicate line between climate change doomsterism and hysteria, and green economy utopia. This uneasy balance of doom and boom is needed to maintain public opinion […]

Russia should sell oil and gas for roubles – Dvorkovich

MOSCOW (Itar-Tass) – Russia should gradually switch to selling its oil and gas and other raw resources for roubles to turn the rouble into a key regional reserve currency, the Kremlin At the same time he admitted that this process will take years.

Mexico's Carstens warns oil slump will last years

MEXICO CITY (Reuters) – Mexican Finance Minister Agustin Carstens urged lawmakers on Tuesday to approve new taxes to offset lower oil revenues, saying the country’s struggling energy industry would not recover quickly. The government of President Felipe Calderon has proposed hiking income and consumption taxes in 2010 to offset lower revenues from crude exports as […]

Dmitry Orlov : Time's Up! An Uncivilized Solution to a Global Crisis

Time’s Up! An Uncivilized Solution to a Global Crisis by Keith Farnish Green Books, September 2009 Keith’s book is a reader challenge: the reader is tasked with developing a survivable future for her progeny. Very carefully and delicately, with many references to academic research and a rich bibliography, Keith lays out the case that extinction […]

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