China says cutting energy use, but behind target

China said Sunday it expects to cut energy consumption per unit of gross domestic product by five percent this year but meeting a pledge to cut consumption by 20 percent by 2010 would be difficult. Xie Zhenhua, China’s chief negotiator in climate change talks, told a news conference Beijing was trying to fight global warming, […]

New Presentations by Matthew Simmons

Simmons & Co.

Paul Roberts – The Future of Food in a Peak Oil World

In However,

Climate Change in Alps to Leave Europe High and Dry

Picturesque views of the snow-covered Alps may soon be relegated to picture books due to increasing climate change, a new European environmental report says. And it’s not just skiers and tourism officials who are getting nervous about the fate of the continent’s famous mountains. Temperatures in the Alps are increasing at a rate more than […]

G-20 Puts Off Climate Finance, Asking Ministers to Study Aid

Group of 20 leaders put off tackling how to help poor nations deal with climate change, directing finance ministers to report in November on “a range of possible options” for the world’s most vulnerable countries. The world leaders also agreed to phase out almost $300 billion in subsidies for fossil fuels in the “medium term.” […]

Going Rural for Peak Oil: Bad Idea

I’ve often thought that moving to the country is one of dumber things you could do in response to peak oil. My reasoning for this is simple: people in the country have a massive dependence on cars and gasoline. For example, my brother used to live on a ranch in the extreme boondocks of Idaho […]

The Himalayan Gas Tango

Through September 2009, the government of India has issued a variety of statements designed to quell India’s long-lived China bogey. It has done so to contain what it calls panic and scare-mongering about alleged incursions over the India-China border by units of the People’s Liberation Army. The ‘incidents’ (as the Indian media like to call […]

Oil-related firms feel impact of credit curbs

ITS Tubular Services (Holdings) says that economic conditions and the fall in available credit facilities have had a major impact on operators They add in their annual report for 2008, which has just been released by Companies House, that the near-term outlook is difficult to assess given the state of credit markets. They say that […]

Robert Bryce – America: A World Leader in Oil Exports!

The most persistent of the advocates for “energy independence” are the neoconservatives affiliated with Set America Free, a Washington-based group that has been touting the mirage of independence since 2004. And the highest-profile member of that group is former CIA director James Woolsey. Woolsey and his allies at Set America Free have written several articles, […]

Iran threatens oil transport route

With the prospect of Israel bombing Iran’s nuclear facilities looming, Tehran has renewed its threat to shut down the strategic Strait of Hormuz, through which up to 40 percent of the world’s oil supplies pass, according to a report from Joseph Farah’s G2 Bulletin. The strait is a 112-mile-long, horseshoe-shaped, six-mile wide strategic water passageway […]

One on One with Ali al-Naimi, Oil Minister of Saudi Arabia

ALI AL-NAIMI, OIL MINISTER, SAUDI ARABIA: You know, Saudi Arabia today is highly dependent on one source of revenue from hydrocarbons production for (INAUDIBLE) of oil. Now we cannot continue forever on this source of income. The whole purpose is, let us do our best to diversify the economy, industrialize and move to a knowledge […]

Business leaders urge solar power support

The wide deployment of solar power across the nation hinges on federal policies that mandate renewable power and government spending to promote the technology, utilities and manufacturers told Congress Thursday. “America’s ability to develop thriving domestic renewable solar power depends on this,” said Stephanie Burns, the CEO of Midland, Mich.-based Dow Corning, which produces the […]

A sudden whiff of optimism amid the CO2 in the air

Last week Cynicism in politics is contagious and has haunted climate politics since the United States repudiated the Kyoto climate treaty in 2001. But optimism can be contagious, too, and this looks like the best time for optimism for at least a decade. The statement by Hu Jintao, the Chinese president, that China will curb […]

World consumption plunges planet into 'ecological debt'

Consumption exceeds Earth’s annual ‘biocapacity’ today amid warnings of dependence on overseas food and energy Rich consumers are still voraciously gobbling up the world’s resources, despite the worst recession in a generation, with their appetite pushing the planet into “ecological debt” from today , according to a report by think-tank the new economics foundation. This […]

Oil and gas reforms announced after B.C. bombings

DAWSON CREEK, B.C. There have been six explosions targeting EnCana Corp. gas projects in northeastern B.C. since October last year, when an anonymous letter was sent to the Dawson Creek newspaper, warning EnCana to stop drilling and leave the area, about 600 kilometres northwest of Edmonton. The company is offering up to $1 million cash […]

Carbon Emissions Can Really Build Up

The challenge of climate change usually brings to mind images of industrial smokestacks or gas-hungry SUVs. But commercial and residential buildings consume nearly two-fifths of all energy produced worldwide and spit out 8.4 billion tons of CO2 emissions each year, or 30 percent of the global total. And while the price tag for reducing greenhouse […]

Our oil, U. S. need

Canada’s oilsands may take a daily beating in the international media and from environmentalists, but the arithmetic of U. S. consumption and supply all but ensures a long, prosperous future for our dirty oil. The United States imports 60% of its daily fuel requirements. President Barack Obama has vowed to wean his country off Middle […]

So Shall You Reap: How Climate Change Will Affect Farms

Many farming communities think global warming won’t hurt them. They’re wrong. You might think a little global warming is good for farming. Longer, warmer growing seasons and more carbon dioxide (CO2) Based on rationales from “climate change isn’t real” to “it will increase crop yields so it’s a good thing” to “it will cost us […]

China discovers combustible ice in land-based regions

BEIJING (Xinhua) — China has successfully excavated combustible ice, a kind of natural gas hydrate, in permanent tundra in the south margin of the country’s northwestern Qilian Mountains, the Ministry of Land and Resources said Friday. Samples of combustible ice were collected in the area in November 2008, making China the first country to collect […]

The Horrible Conundrum Facing The Fed

The problem The Fed and America faces is that this latest “blast of the liquidity firehose” is not limited to The United States in its impact. Indeed, the problems that this sort of “monetary policy” generates have almost nothing to do with the US Economic picture – rather, they have everything to do with the […]

U.S. Chamber of Commerce in climate rift

Two utilities pull out; group says it just wants EPA to be transparent ALBUQUERQUE, N.M. – A rift widened between the U.S. Chamber of Commerce and some utilities as another major power provider quit over the business group’s hard stance on pending climate regulation. The Public Service Company of New Mexico, the state’s largest utility, […]

Mexico's Cantarell oil field may be stablizing

MEXICO CITY, Sept 25 (Reuters) – Mexican oil production fell again in August but state oil company Pemex said it had some early indications the rapid fall in output at its giant Cantarell field may be slowing. Mexico pumped 2.542 million bpd in August, a decline of 7.9 percent on a year ago but production […]

California funds biggest energy efficiency plan

LOS ANGELES – California is embarking on the most aggressive energy efficiency plan among U.S. states, having earmarked $3.1 billion to retrofit homes and other programs that will cut power needs equivalent to three medium-sized power plants. The California Public Utilities Commission on Thursday unanimously approved plans by Pacific Gas & Electric, Southern California Edison, […]

Oil price to rise on stronger demand: Goldman Sachs

(Reuters) – Goldman Sachs said oil prices are likely to be higher in the future due to a recovery in demand and a decline in production, and expects European integrated oil companies to struggle to sustain the current level of production. … It expects the European integrated oils sector to suffer due to lack of […]

Oil shipping sector heading for downturn: Teekay

BANGALORE (Reuters) – Even as the world economy comes out of a recession, the worst is yet to come for the oil shipping industry as it struggles with increasing supply of ships and weak demand, a senior official at Teekay Corp (TK.N) said. “I think we are just in the early stages of a downturn […]

G20 agrees on phase-out of fossil fuel subsidies

PITTSBURGH (Reuters) – The world’s largest economies agreed on Friday to phase out subsidies for oil and other carbon dioxide-spewing fossil fuels in the “medium term” as part of efforts to combat global warming. But Group of 20 leaders at a two-day summit meeting here did not advance discussions about financial aid for developing nations […]

Scrubbing the Atmosphere

Governments are doing practically nothing to study the removal of carbon dioxide directly from the atmosphere, but this technology could be a much cheaper form of climate protection than photovoltaic cells and other approaches getting lavish support, according to an article published today in Science. David W. Keith, a physicist at the University of Calgary, […]

The Peak Oil Downside Will Be Steeper Than The Upside

From many different credible and highly placed sources we are today hearing about the dire energy situation that industrialized civilization faces. Industrialized countries have remained dependent on oil for way too long. As evidence of this consider that fully 50% of the energy consumed in the United States comes from petroleum. Even though the notion […]

The End of Oil?

Oil is the curse of the modern world; it is We can

For the World's Hungry, the Recession Is Far from Over

It’s late morning and Minara Khatoon’s five young children haven’t eaten yet. They sit huddled on the dirt floor of their mud thatch hut, waiting as their mother stokes a makeshift fire with straw and dry leaves to prepare what will be their main Her husband doesn’t work due to a chronic asthma condition so […]

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