Nuclear deal gains steam in Iran

President Mahmud Ahmadinejad’s return to Tehran after attending the nuclear Non-Proliferation Treaty (NPT) review meeting at United Nations headquarters in New York has been received with the usual bombast by the conservative and hardline media in Iran, which declared him victorious and an indispensable global leader. In its May 6 editorial, for instance, the influential […]

Iran’s air force tests new air-to-surface missiles

On Sunday, Alawi told Fars that the Iranian Army’s Air Force has recently equipped its fighter jets with newly-developed sophisticated electronic warfare systems. The Iranian army also exercised electronic eavesdropping by a special type of aircraft and also used sea patrol airplanes on the fifth day of the war games on Sunday, according to the […]

The dark shadow of Peak Oil looms ominously over America

For those who scoff and say that Peak Oil is a misguided, unproven premise and that it’s only a matter of time until we see the development of alternative energy sources, they do so at their own peril and ours. This development currently is unable to gather any momentum because of the massive lobbying efforts […]

Global Kyoto Protocol II

The reforms are designed to increase the size of the global economy by over $50 trillion as they are solving many of the worlds biggest problems. They include a complete solution for climate change, deforestation, overfishing and many others. What is being put forward here is a new approach to the worlds problems that runs […]

oil addiction rock bottom calls for intervention

Robert F. Kennedy Jr., featured in the movie FUEL, reports that while mainstream news panders to the right that is blaming the Obama administration for the latest Gulf Coast oil disaster, the real villain was President Bush and his cronies’ “sex, lies and oil spills” for profit. “For eight years, George Bush’s presidency infected the […]

Pakistan tests 2 missiles, wants nuke recognition

Pakistan has refused to sign nonproliferation accords and faces a nuclear trade ban. “Energy is a vital economic security need of Pakistan and nuclear energy is a clean way forward,” the statement said. Pakistan became a declared nuclear power in 1998 by conducting nuclear tests in response to those carried out by India. Islamabad test-fired […]

Coast Guard, MMS to Launch Oil Rig Investigation

Beginning on Tuesday, the U.S. Coast Guard (USCG) and the Department of the Interior’s Minerals Management Service (MMS) will co-chair an investigation to identify the factors leading to the explosion, loss of life, sinking, and subsequent oil spill of the Deepwater Horizon. MMS and the Coast Guard will convene a public hearing for the joint […]

Regulator Deferred to Oil Industry on Offshore Rig Safety

Federal agency continues to allow the oil industry largely to police itself, saying that the best technical experts work for industry, not for the government. Critics say that, then and now, the minerals service has been crippled by this dependence on industry and by a climate of regulatory indulgence. “Everything that’s done by the oil […]

Was the Gulf Oil Spill an Act of War?

As a recent article in The Huffington Post noted: “Giant oil-services provider Halliburton may be a primary suspect in the investigation into the oil rig explosion that has devastated the Gulf Coast, The Wall Street Journal reports. Though the investigation into the explosion that sank the Deepwater Horizon site is still in its early stages, […]

Sabotage! Conspiracy! And Other Ways to Spin the Oil Spill

It began with Rush Limbaugh, who surmised a motive: “[W]hat better way to head off more oil drilling, nuclear plants, than by blowing up a rig? I’m just noting the timing here,” Limbaugh said, vaguely suggesting that supporters of cap-and-trade, or maybe the Obama administration, had been responsible. “We’re seeing the Rahm Emanuel rule number […]

Keeping the profit in oil and persistent war

The US military has invested heavily in creating a panic atmosphere, concerning the so-called “peak oil” issue. Because the American military seems to be worried about tomorrow’s fuel, “peak oil” concerns are given legitimacy and a personal sense of urgency that would not otherwise be possible. Military leaders seem more concerned with ensuring that war […]

Iran-backed bloc tries to take power in Iraq

Iraq’s Shia Muslim parties have formed a parliamentary alliance that will keep the country’s Sunni minority out of power and could spark a new round of sectarian violence. Two months after landmark elections, the State of Law party of Nouri al-Maliki, the Prime Minister, and the Iraqi National Alliance (INA), which is dominated by Moqtadr […]

Possible Responses to Peak Oil: Some Lessons from the Past

In the examples I looked at, I found the following results: North Korea, 1990s: Response was totalitarian retrenchment Cuba, 1990s: Response was mobilization of local resilience Japan, 1940s: Response was predatory militarism My case studies lead me to formulate the following three hypotheses, which I state upfront here to facilitate discussion. However, please note that […]

Iraq puts 3 natural gas fields up for bid

Iraq’s oil minister on Thursday invited international energy companies to bid for contracts to develop three untapped natural gas fields in a latest move by the impoverished country to meet its growing need for power generation by developing gas. Hussain al-Shahristani also announced that a separate multibillion-dollar joint venture deal with Royal Dutch Shell PLC […]

Time to Get Un-Addicted to Oil

All the hoopla about “Drill, Baby, Drill”, ignores some crucial facts. First, even if we drilled everywhere possible offshore, that oil would supply a mere 2% of US demand. Second, drilling for homegrown oil doesn’t increase our energy independence because the oil is sold on the world markets, not just to the US. Third, oil […]

Iran moves to challenge U.S. in Mideast

ran is taking steps to challenge U.S. naval power in the Middle East, U.S. Defense Secretary Robert Gates said Monday. “Iran is combining ballistic and cruise missiles, anti-ship missiles, mines, and swarming speedboats in order to challenge our naval power in that region,” he told a conference of U.S. Navy advocates. Reuters

Germany and Mexico vow to revive failed global-warming talks

Germany and Mexico vowed Sunday to revive a stalled pact to halt global warming, opening a three-day informal conference in Bonn for officials from 45 key nations. President Felipe Calderon of Mexico said in Bonn the world had to escape the trap of thinking it faced a yes-no choice between fighting global warming or fighting […]

Alex Jones: Peak Oil is a Conspiracy, Gulf Oil Spill Is Government Takeover Plot

As more oil is poured into the Gulf of Mexico, US President Barack Obama has sent SWAT teams to check out all oil rigs. Alex Jones says that this is all very suspicious, particularly because he says the government is trying to create artificial scarcity of oil in the United States.

UN pushes for energy efficiency, access

UN pushes for energy efficiency, access

Venezuela, Brazil to sign deals on oil, power

Hugo Chavez and his Brazilian counterpart Luiz Inacio Lula da Silva will sign cooperation deals worth at least two billion dollars on oil and power generation, the Venezuelan president said. “We are going to sign a package of agreements following what Lula was talking about in Caracas: speeding up the pace” of cooperation on Wednesday, […]

Sorry to Bug You, but Everything Is at Risk

The concept of worldwide peak oil has been around for a while and usually is considered the domain of crackpots and conspiracy theorists. Unfortunately those left-wing granola slurpers at the Pentagon are not alone. The military¹s analysis aligns neatly with a recent study by the University of Kuwait and another estimate issued by billionaire Richard […]

Peak oil: Why industry and government should sit up and listen

“The next five years will see us face another crunch – the oil crunch. This time, we do have the chance to prepare. The challenge is to use that time well. ….Our message to government and businesses is clear: act. Don’t let the oil crunch catch us out in the way that the credit crunch […]

Last chance for climate change legislation?

Senator John Kerry said the announcement of the bill, expected Monday, had been “postponed only temporarily.” Republican Senator Lindsey Graham said earlier on Saturday he would have to pull out of the bipartisan climate change effort because of concerns Democrats would push forward with a debate on immigration reform, rather than the climate change bill, […]

US warms to strike on Iran

“With sufficient foreign assistance, Iran could probably develop and test an intercontinental ballistic missile [ICBM] capable of reaching the United States by 2015,” claimed a Pentagon report that was declassified on Monday. The almost simultaneous timing of two key recent revelations – this and Israeli accusations that Syria had transferred Scud missiles to Hezbollah in […]

Obama Oil Drilling Plan Draws Critics

“Drilling our coasts will do nothing to lower gas prices or create energy independence,” Michael Brune, executive director of the Sierra Club, said in a statement. It will only jeopardize beaches, marine life, and coastal tourist economies, all so the oil industry can make a short-term profit.” On the other hand, Senate Republican Leader Mitch […]

Morgan Stanley Said to Seek Supertanker to Store Crude Oil

(Bloomberg) — Morgan Stanley is seeking a supertanker to store crude oil, joining Citigroup Inc. and Royal Dutch Shell Plc in trying to profit from higher prices later in the year, four shipbrokers said. The bank, the second-biggest U.S. securities firm until becoming a bank-holding company in September, has yet to find a suitable vessel, […]

Oligarch Bogdanov emerges as buyer of key Yukos subsidiary

Russia’s 13th richest man, a Kremlin-friendly oligarch known as the “Hermit of Siberia”, emerged yesterday as the most likely buyer of Yukos’ main oil production unit, Yuganskneftegaz. The unit was sold to a mysterious shell company last Sunday for $9.4bn(£4.8bn) in a forcible auction designed to strip Yukos of its prize asset, ostensibly to help […]

Energy Prices Not Spurring Conservation

While soaring oil prices in the 1970s prompted major advances in the nation’s energy efficiency, this year’s surge in fuel costs has so far not sparked a new wave of conservation.

Yahoo

Yukos unit fetches $9bn at auction

A little-known Russian company has bought the main production unit of oil giant Yukos at auction in Moscow.

BBC

Fearing Supply Problems, Small Nations Mull Oil Reserves

HOUSTON (Dow Jones)–The energy markets have been buzzing with speculation following recent announcements by China and India of plans to stockpile emergency oil supplies. But, while those two emerging powerhouses have gotten all the attention, more than a dozen smaller countries have begun building strategic reserves of their own. Experts believe the stockpiling stampede by […]

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