BY DANIEL MOTTOLA
Imagine thousands of next-generation plug-in hybrid vehicles on the road, capable of traveling 20 to 60 miles without producing any emissions or using a drop of petroleum. Then, at night, these hybrids would be plugged into normal wall sockets connected to an all-renewable energy electric grid.
Recent storms, droughts and heat waves are probably being caused by global warming, which means the effects of climate change are coming faster than anyone had feared, climate experts said on Thursday. Recent storms, droughts and heat waves are probably being caused by global warming, which means the effects of climate change are coming faster […]
“We are running up an ecological debt which we will not be able to pay off,” Dr Claude Martin, director-general of WWF International, said in a statement.
“Humans consume 20% more natural resources than the earth can produce.”
“We are running up an ecological debt which we won’t be able to pay off unless governments restore the balance between our consumption of natural resources and the earth’s ability to renew them.”
You couldn’t ask for a more scenic oil well than the Long Canyon facility in southeastern Utah. In fact, if it weren’t for the stench of petroleum fumes, and the constant up-and-down whir of the pump jack, you might be tempted to disregard it altogether in favour of the breathtaking vista it affords across a layered red rock landscape out towards the ancient geological splendours of Arches National Park.
http://news.independent.co.uk/world/americas/story.jsp?story=573560
LONDON (Dow Jones)–A leading energy consultancy predicts China’s demand for oil will grow by 700,000 barrels a day in 2005 – double the rate predicted by the International Energy Agency. 10-20 15:24: China 2005 Oil Demand Growth To Hit 11% -PFC Energy LONDON (Dow Jones)–A leading energy consultancy predicts China’s demand for oil will grow […]
VHeadline.com oil industry commentarist Andrew McKillop writes: A skim through European business and finance magazines, and the tabloid press too, shows that old world mentalities and today’s real world oil prices do not go together like a lump in G. W. Bush’s back and nice pat answers to well selected questions in the TV sloganfest […]
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Weekend Edition – Sunday, October 17, 2004 · With oil prices now at $55 a barrel, NPR’s Laura Sydell looks at some of the many reasons for the commodity’s record prices. |
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To be sure, there is nothing Greenspan can do about it. But even if the good doctor’s diagnosis is correct–and there is reason to believe his chart of the symptoms is at least a few weeks old–is the rise in oil just a bump in the road? |
Nuclear Energy Is Making a Global Comeback By KATRIN BENNHOLD, International Herald Tribune Published: October 17, 2004 PARIS, Oct. 17 — With uncertainties increasing about supplies of natural gas and oil, nuclear energy is making a powerful global comeback, prompting concerns about atomic terrorism in the post-Sept. 11 era. A number of countries around the […]
…You all know, of course, that were it not for the hydrocarbonic riches of the Middle East, we would not be in Iraq today. You are also aware that we are fast approaching the era of “peak oil” and declining resources; and that we, Americans, with less that 5 percent of the world population consume […]
With the debate over the supply/demand ratio of global oil supply reaching heightened levels, a new report warns that the world may face catastrophic shortages before the end of the next decade. TheDesertSun
Investors Remain Bullish on Oil, Metals
Saut’s “stuff” strategy extends to anything where he foresees a shortage. Producers of fertilizers and grain are on his radar, as are companies that build and maintain water treatment facilities and desalinization plants, since many parts of the developing world lack potable water.
“The world runs on oil and water,” Saut said. “I don’t hear anyone talking about water, but it’s a very important thing. It’s a huge problem. You watch.”
Video: Watch it online – One hour Hijacking Catastrophe: 9/11, Fear, and the Selling of American Empire I highly recommend this video. It will help you better understand the background to the wars in Afghanistan and Iraq. These wars were planned long before the Bush administration took power and long before 9/11. Why? To secure […]
It’s said that the effects of expensive oil will be felt first by the poorest regions. Here is a poor country that has stopped the sale of petrol to the public since the country can’t afford the foreign currency to buy it! Eritrea has banned the sale of petrol to the public because of the […]
The sheer scale of China’s economic transformation is matched only by the size of the new challenges and dangers it has created. None is bigger than the threat to the environment. Feeding a fifth of the world’s people on 7% of its arable land was never easy – and that land is now shrinking at […]
Hand-built on a shoestring budget by a Central physics teacher and a team of students, the truck is one of a kind, a demonstration of how future transportation can be self-sustaining and pollution-free.
12 October 2004 ABU DHABI – The ongoing massive investments in the Gulf petroleum has created a shortage of specialised workforce and the problem is expected to become acute by the year 2008 when more than 58,000 people would be needed. To bridge this demand-supply gap of specialised manpower, Al Hamed Establishment, a subsidiary of […]
Saudi September Production Lower Than Estimated Monday, October 11, 2004 Saudi Arabia produced 9.5 million barrels per day in September, about 250,000 b/d below earlier estimations, Geneva-based tanker-tracker Petrologistics said in its latest report. http://www.rigzone.com/news/article.asp?a_id=17050Saudi September Production Lower Than Estimated Monday, October 11, 2004 Saudi Arabia produced 9.5 million barrels per day in September, about […]
The fact is UK oil and gas, which has given a big boost to the economy for the past two and a half decades, is running out fast. At current rates of extraction, the last drop of oil could be sucked out of the North Sea fields in about 10 years’ time. Guardian The fact […]
Guardian: Although Gordon Brown urges the members of the Opec oil producing cartel to increase production to bring down prices, he will be quietly rubbing his hands with glee at the benevolent effect dearer energy is having on the UK’s public finances. With all the taxes levied on the North Sea oil and gas industry […]
The world’s biggest solar power plant was inaugurated in the German town of Espenhain Wednesday. The plant cost €22 million ($26.5 million) to build and is capable of generating five megawatts of electricity. Energy for 1,800 households. … the amount of electricity generated in Germany by renewable energy sources — as opposed to fossil and nuclear fuel — has more than doubled, from 4 to 9 percent.
Email alert from Richard Heinberg Many people are aware that something is wrong in our society. Is it our lifestyle of consumption? Growing government debt? Global destruction of the environment? Disconnection of politics from the people? Or might these be symptoms of a greater problem – our addiction to cheap, abundant oil. “Peak Oil – […]
Investment advice from Dr. Marc Faber I maintain the view that we may see sometime in future far higher prices than anybody envisions. The current oil bull market is purely a function of increased demand coming principally from Asia at a time global oil production has practically no spare capacity. China’s car population has more […]
Iraq is hardly the only country where American troops are risking their lives on a daily basis to protect the flow of petroleum. In Colombia, Saudi Arabia, and the Republic of Georgia, U.S. personnel are also spending their days and nights protecting pipelines and refineries, or supervising the local forces assigned to this mission. American […]
Jakarta (Platts)–6Oct2004 OPEC might consider cutting its crude production ceiling if OECD oil stocks continue rising from the current levels of between 2.5- and 2.6-bil bbl to 2.7-bbl bbl in November 2004, which the cartel fears could put a bearish pressure on the market, acting OPEC secretary-general Maizar Rahman said Wednesday. OECD oil stocks have […]
‘The real point is not so much the exact date of peak but the statement that the First Half of the Oil Age, which was characterised by growing production, is about to be followed by the Second Half when oil production is set to decline along with all that depends upon it.’ — Colin Campbell, […]
San Diego-based Sempra Energy has a chilling view of the nation’s prospects for producing natural gas, the fuel used to heat a majority of U.S. homes and increasingly used to generate electricity. Within a decade and a half, Sempra says, North America’s gas production will soon fall dramatically. http://www.signonsandiego.com/news/business/20041003-9999-mz1b3sempra.html
London Economics Press provides energy market briefings by country featuring comprehensive data on regional electric power generation, transmission, market operation, distribution, and supply.Global Energy Market Reports
from the Korea Times The government on Sunday admitted for the first time that the nation’s consumer prices may rise by more than 4 percent this year as a result of the record-high international crude oil prices that are expected to push up the prices of various public services and agricultural produces for the remainder […]
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