Climate reality: Voluntary efforts not enough

Nations, companies can’t stop warming in piecemeal fashion, experts say COPENHAGEN – Around the world, countries and capitalism are already working to curb global warming on their own, with or without a global treaty. In Brazil more rainforests are being saved, and in Chicago there’s a voluntary carbon pollution trading system. People recycle, buy smaller […]

Europe's wind companies snap up U.S. stimulus cash

NEW YORK (Reuters) – European companies have scooped up the majority of U.S. stimulus money set aside for wind power projects, drawing on their expertise and global reach to tap into Washington’s effort to grow the base of renewable energy sources. While those government funds have generated U.S. jobs and provided a lifeline to the […]

China faces a quandary over oil

Situ Yu, a 28-year-old Beijing resident, often chooses public transportation nowadays, although she bought a Ford Focus in 2007. “The gasoline price is so expensive now. I have to tighten my belt,” she said, adding that she has to pay around 1,000 yuan to buy fuel every month. China has adjusted domestic refined oil prices […]

Has peak theory reached its tipping point?

First there was peak oil. Then came peak wood and peak gas. What is it with all these peaks ? Is the world really running out of the raw materials it needs to make it tick, move and communicate? Or should the next peak be in stories about peaks? Attributed to American geophysicist M King […]

An Air of Frustration for Europe at Climate Talks

Caught off guard by the Copenhagen accord, European leaders felt pressure to back it even though they they thought did not go far enough and had a process in which they had little influence. COPENHAGEN Not far away, Jos

Mass. Turnpike usage drops

Decline pushes down annual toll revenue The number of motorists using the Massachusetts Turnpike has dropped this year and that is pushing down toll revenue, a double dip that has not occurred since the 1974 energy crisis. If the trend continues through the end of the year, it will be just the second time in […]

2010 preview: Automotive X Prize contestants power up

If this is the future of green motoring, sign us up. The electric hybrid eVaro, developed in Canada by Future Vehicle Technologies of Maple Ridge, British Columbia, can accelerate to 60 miles per hour in around 5 seconds, and drives at least 165 miles on the equivalent of a US gallon of fuel. The eVaro […]

Pipeline sabotage halts oil exports from northern Iraq

BAGHDAD – Oil exports from northern Iraq have been halted by a sabotage attack on the pipeline to the Turkish port of Ceyhan, oil ministry spokesman Assem Jihad said on Sunday.

Dutch have a simple answer to energy crisis

…Teamworks’ analysis suggests that by 2022 the cost of fossil-fuel energy per unit will exceed the cost of large-scale renewable energy for the first time. After that, everyone left with coal, gas and oil will be paying relatively more. But for renewable costs to decline, its devices and technology need to be used and refined, […]

Ethanol: Not All It Seems To Be

Newspapers and politicians describe ethanol as a panacea for reducing dependence on oil-based fuel. Teams of high school mathematics students say The challenge:

Aramco president: Oil demand will grow 40% by 2030

(MENAFN – Qatar News Agency) – Saudi Aramco president and CEO Khalid A. Al-Falih said during a recent visit to company markets in Asia “The developing economics of the world are at the heart of the International Energy Agency’s forecast that world primary-energy demand will increase” “The forecast estimates demand will grow by 40 percent […]

Global warming a tough sell for the human psyche

NEW YORK The consequences of global warming are seen as occurring in far-off places, he said: “It’s happening up in the Arctic or it’s happening in Bangladesh, and it’s not happening in my backyard.” And the slow changes are not as attention-grabbing as a “fast disaster” like an earthquake, he said. …But beyond that, psychologists […]

Shell plans to sell $5 billion worth of Nigerian oil fields: report

LONDON (MarketWatch) — Royal Dutch Shell PLC Sunday said it won’t comment on a report that it plans to sell oil fields in Nigeria valued at $5 billion as the country seeks to make oil reforms. A report in the Sunday Times cited unnamed sources as saying the oil giant recently launched a formal sales […]

City task force explores greener alternatives to oil

Oh, the life of a member of the city The group began meeting in January, and had hoped to have a report completed at the beginning of 2010. Now, it looks like the recommendations likely won

Tax laws chasing companies away

It’s easier than ever for corporations to move operations overseas. And if the federal government doesn’t realize this soon, more and more companies may follow the example of Dallas-based Ensco International and reincorporate overseas. Ensco’s decision, announced last month, subject to approval by the majority of its shareholders, is the latest in a series of […]

With climate agreement, Obama guts progressive values, argues McKibben

The President of the United States did several things with his agreement today with China, India, and South Africa:He blew up the United Nations. The idea that there’s a world community that means something has disappeared tonight. The clear point is, you poor nations can spout off all you want on questions like human rights […]

Bhutan: Glacier melt is threat to sacred treasures

For centuries a monastic fortress in Bhutan’s Himalayas has sheltered ancient Buddhist relics and scriptures from earthquakes, fires and Tibetan invasions. Now the lamas here may have met their match – global warming. At least 53 million cubic metres of glacier melt is threatening to break the banks of a lake upstream in the Himalayan […]

Africa: Energy Ministers Agree on Petroleum Fund

Ministers of Energy from different African U-nion (AU) member countries have agreed to establish a continental oil fund that will boost the performance of the sector in Africa. In a meeting they held in Addis Ababa, Ethiopia recently, the officials responsible for hydrocarbons, also crafted key documents to help develop the energy sector.Yussuf Uwamahoro, the […]

Water central to new energy mix

Expect the issue of water conservation to gain more interest in discussions of energy development — be it green, black or somewhere between. The arid West is likely become more arid with climate change, according to the world’s top scientists, and no longer will residents and municipalities yawn at the prospect of drilling a new […]

Nigeria: Hope rises on ethanol from cassava

With the whole world clamouring for reduction in the burning of carbon in order to slow down the effects of global warming, Nigeria may soon be able to reduce its carbon emission by using ethanol fuel as substitute for kerosene. Boma Anga, the chief executive officer of Cassava Agro Industries Service Ltd (CAISL) said in […]

Betting Against Shale Natural Gas Plays Using Puts

The shale gas story, which I summarize: “New drilling techniques and discoveries have vastly expanded the available recoverable natural gas, expanding reserves so much that we no longer have to worry about running out, and we will even be able to increase sustainable production over the long term.” In other words, it sounds too good […]

India's growing economy to fuel oil demand: Opec

The Organisation of Petroleum Exporting Countries (Opec) has projected that a rise in India’s gross domestic product (GDP) would lead to increased oil consumption next year. India oil demand was not affected by the economic crisis in 2009, and next year’s oil usage is forecast to grow further. All sectors are seeking more energy and […]

Iran troops have left oil well: Iraq official

Iranian troops who for three days controversially occupied a disputed border oil well left the facility during the night but remain on Iraq’s soil, Iraqi officials said on Sunday. “The Iranian forces have pulled back 50 metres from the well and have taken their flag but we now demand they return to where they have […]

Some Europe refiners stop taking Saudi heavy crude

LONDON (Reuters) – Two European oil refiners have stopped buying Saudi Arabia’s heaviest crude and are buying other grades after supplies were cut in line with OPEC output curbs last year, officials at the refiners said on Friday. Top oil exporter Saudi Arabia shouldered the largest share of OPEC’s agreed supply cuts of 4.2 million […]

Energy scarcity and not peak oil needs global focus

(Arab News – McClatchy-Tribune Information Services via COMTEX) –As I write these lines on the train from Amersfoot to Frankfurt, with white, fluffy snow as far as the eye can see, the world seems engrossed with the deliberations in Copenhagen, with focus on global warming and carbon emission. However, in the hullaballoo of this entire […]

OPEC may need to cut supply in 2010, not now: PFC

LUANDA: OPEC could have to cut oil supply by 1 million barrels per day (bpd) early in 2010 if weak demand results in a further rise in already swollen global inventories, consultancy PFC Energy said in a report. The Organization of the Petroleum Exporting Countries meeting in Angola on Tuesday was expected to keep supply […]

Iraq sends forces to disputed field

Iraq has deployed security forces to its southern border with Iran to monitor a disputed oil well seized by Iranian troops. Iraqi authorities sent army and police forces to a staging ground about 1km from the well in the Fauqa oil field in southern Maysan province on Saturday, The Associated Press news agency reported, citing […]

A year later, TVA chief says ash spill `painful'

The Tennessee Valley Authority’s top executive says changing the way waste is stored at its power plants should reduce the risk of another disastrous coal ash spill like the one that tarnished a riverside community a year ago. But he isn’t offering any guarantees. Tom Kilgore said eliminating all wet ash and gypsum storage and […]

Moody's Warns of 'Social Unrest'

Dominant Social Theme: Civil society will end, unfortunately. Free-Market Analysis: We know we will read over the next months and even years, especially if economic problems get worse, of dire predictions about people being herded into prison camps and other containment facilities because society itself is facing a breakdown. The stories will focus on the […]

Copenhagen climate deal meets qualified UN welcome

UN Secretary General Ban Ki-moon has welcomed a US-backed climate deal in Copenhagen as an “essential beginning”. But he said the accord, reached with key nations including China and Brazil, must be made legally binding next year. After intense wrangling, delegates passed a motion simply taking note of the deal, without formally adopting it. The […]

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