Shows of force by nations competing to control dwindling energy supplies could trigger conflict in hot spots across the globe.
When powerful states wish to signal their determination to pursue particular vital interests against the wishes of weaker powers or deter a rival from overstepping certain boundaries, they often make a [...]
Three years ago [...]
WASHINGTON - The possible economic cost of confronting global warming from higher electricity bills to more expensive gasoline is driving the debate as climate change takes center stage in Congress.
The Senate will begin considering legislation Monday that would mandate a reduction in carbon dioxide and other greenhouse [...]
EDMONTON - The price of ammo is shooting up faster than a speeding bullet.
Metal supplies are diminishing due to industrialization in China. On top of that, ammunition supplies have been depleted by wars in Iraq and Afghanistan and by consumers who hoard what [...]
"We will have a different civilization, to be sure," said [...]
(CNN) -- Federal regulators investigating possible price manipulation of crude oil are probably looking at what role collapsed energy giant Enron may have played, a former government official said Friday.
On "American Morning," Michael Greenberger, who once led the Commodity Futures Trading Commission's Division of Trading & Markets, said, "almost certainly, [...]
If the soaring crude price has shown anything, it is that a paradigm shift is under way in the global oil industry: the Western world can no longer take for granted [...]
The one thing that surprised me during the course of my investigation [...]
In a surprise visit to the Oil & Gas UK conference in Aberdeen [...]
World leaders are to meet next week for urgent talks aimed at preventing tens of millions of the world's poor dying of hunger as a result of soaring food prices.
The summit in Rome is expected to pledge immediate aid to poor countries threatened by malnutrition as well as charting longer-term [...]
An ugly waste product of oil refining has been transformed into a golden windfall for energy companies as demand for fertilisers drives the price of sulphur to unprecedented levels.
For decades oil refiners have struggled to shift stockpiles of the yellow chemical, which is used to make sulphuric acid, essential in [...]
Goldman Sachs made the headlines earlier in May when its analysts predicted oil would spike past $200 "in six months-to-two years' time". The only surprising thing about the statement was that other experts had been saying exactly the same thing in 2005.
Quoting a study by the London-based Oil Depletion Analysis [...]
MOTORISTS are abandoning their cars and taking to buses and trains because of the rocketing cost of petrol and diesel, new figures reveal. Public transport operators in Scotland say thousands of extra journeys are now being made on their services as fuel prices reach record levels.
Official figures from the Department for [...]
CALGARY, Alberta (Reuters) - Irving Oil Ltd, which is planning a second major refinery in New Brunswick, will study the potential for a tidal power development in the Bay of Fundy, site of the world's highest tides, the privately held company said on Monday.
Irving has teamed up with the [...]
...I was reassured to see climate change on the agenda - explicitly or implicitly - at so many different events here. It was a big part of Naomi Klein's "shock doctrine" analysis - the idea that rapacious corporations can come in after hurricanes and other climate disasters and impose a [...]
Now people are blithely tossing out the possibility of $200 per barrel crude. [...]
...And they are still at it. More recently, Goldman forecast crude-oil price to spike up to $141, and JPMorgan bets on $200. Yep folks, they are blowing an oil bubble. The Money Cartel (bourses, ethanol and oil and gas companies) wants you to think that that we are running out [...]
Motorists in about 50 cities across the country protested rising gasoline prices Saturday and called on the government to take measures to punish producers of substandard fuel.
Media reports said the protests had anywhere from a few dozen participants, including in Yekaterinburg, Kaliningrad, and Petropavlovsk-Kamchatsky, to as many as 200 in [...]
VANCOUVER, British Columbia (Reuters) - Spectra Energy Corp. will study building a large-scale carbon sequestration facility at its natural gas plant in northeastern British Columbia, the company and the British Columbia provincial government said on Monday.
The provincial government has agreed to pay C$3.4 million ($3.4 million) to look at [...]
PRESIDENT George Bush yesterday told leaders of the oil-rich states of the Middle East that they must face up to a future without their precious hydrocarbons.
In a stark warning, he said their supplies were running out and urged them to reform and diversify their economies. The outgoing United States president [...]
...Oil is a limited resource. Limited in the sense of the amount that is available at any particular price at any particular time. The world is not running out of oil, but it is running out of immediately accessible inexpensive oil. It has become increasingly hard for oil producers to [...]
You know you live in a decadent country when basic facts of life are greeted with jeers and calls for excommunication from the realm like Paul Krugman is getting pilloried for his recent NYT piece on oil price inflation. Here's the deal folks, oil is priced in dollars and to [...]
Kazakhstans Minister of Energy and Mineral Resources Sauat Mynbaev said foreign participants in the Agip KCO consortium have proposed postponing the beginning of commercial production for another couple of years in Kazakhstans Kashagan oil field. According to the minister, they talked about re-scheduling the big Kashagan oil from 2011 to [...]
Research is the latest to look at link between storm and warmer temps
WASHINGTON - Global warming isn't to blame for the recent jump in hurricanes in the Atlantic, concludes a study by a prominent federal scientist whose position has shifted on the subject.
Not only that, warmer temperatures will actually reduce [...]
There are still too few disposal options for the bulbs, which contain mercury
MECHANICSBURG, Pa. - It's a message being drummed into the heads of homeowners everywhere: Swap out those incandescent lights with longer-lasting compact fluorescent bulbs and cut your electric use.
Governments, utilities, environmentalists and, of course, retailers everywhere are spreading [...]
But a lot of Republicans, as well as most economists, have serious questions about whether the tax makes sense. They cite the [...]
Myths about the current world oil situation and rapid fuel price increases are causing confusion for consumers, businesses and government policymakers. Unfortunately, many people don't have ready access to alternative points of view. This author strongly recommends that the reader do some research on the Internet to verify the truth [...]
Crude oil prices hit $120 a barrel this month, translating into gas pump prices above $4 a gallon in parts of the United States. As a result, the rallying cry of energy self-sufficiency is gaining strength, reinforcing the U.S. policy of promoting renewable fuels, particularly corn-based ethanol, to reduce dependence [...]
In 1968, Paul Ehrlich in the book "The Population Bomb," predicted disaster [...]
Faced with a national outcry over the high price of gasoline and soaring profits for energy companies, the oil and gas industry is waging an unusually pricey campaign to burnish its image.
The American Petroleum Institute, the industry's main lobby, has embarked on a multiyear, multimedia, multimillion-dollar campaign, which includes advertising [...]
LONDON -(Dow Jones)- Sudanese rebels have entered the capital Khartoum and would replace Chinese oil companies with Western ones if they were to overthrow the current government, a rebel leader said Saturday.
The threat is bad news for China, which has become the largest buyer of crude and foreign investor in [...]
When food and gasoline prices started climbing, Thomas Franklin started putting one foot in front of the other and -- the horror -- often walked where he needed to go.
"My friends ask me what's [...]
Are we witnessing the death of ExxonMobil?
Strange question to ask with oil above $120 a barrel and ExxonMobil reporting $11 billion [...]
Gas-and-dashes are something Nova Scotia gas attendant Tristan Turcott knows well.
In the three years he's worked at the Young Street Tiger Express Esso in Halifax, he's seen motorists pull all kinds of things, just to get out of paying for gas. [...]
ON a frigid evening in February, the hottest place to be here was the Kremlin Palace theater. The draw inside the towering hall wasnt Tina Turner or Deep Purple rock icons well past their prime but Gazprom, Russias most powerful corporate leviathan, which was celebrating its 15th anniversary.
Gazprom [...]
LONDON (Reuters) - Oil major Royal Dutch Shell has pulled out of a planned gas project in Iran, after coming under pressure not to participate from U.S. lawmakers who were concerned about Iran's nuclear programme.
A spokeswoman said on Saturday that the world's second-largest non government-controlled oil company by market capitalisation [...]
LAGOS (Reuters) - Al Qaeda Islamist militants have renewed their threat to bomb targets in Nigeria, Africa's top oil producer, a newspaper reported on Saturday quoting the national police chief.
The United States embassy in Nigeria said last September the country was at risk of "terrorist attack" and Osama bin [...]
Eight high schools south of Detroit announced this week they are forming a new league of schools within a 15-mile radius. The cost of gas is one major reason.
"It makes the most sense, especially in these economic times," Allen Park athletics director Ken Stephens says. "Where can you save money? [...]
WITH Wall Street suddenly abuzz with talk of crude oil prices reaching $US200 a barrel and the three remaining presidential candidates apparently vying with one another to present the most politically opportunistic (and economically absurd) energy "plan", it is becoming increasingly clear that America's addiction to cheap oil is likely [...]
The Group of Seven central bankers, who control the money spigots in two-thirds of the worlds economy, huddled with their colleagues from China and Russia behind closed doors in Basel, Switzerland this week, haunted by the Crude Oil Vigilantes who threaten to unravel G-7 schemes to rescue troubled global banks. [...]
SEATTLE For more than a year, it's been widely circulated on the Internet as a scientific oddity.
Now a process that converts sea water into a possible fuel source is gaining legitimacy. [...]
LOS ANGELES Record prices are prompting oil prospectors to renew interest in drilling in Los Angeles, where urban sprawl, environmental opponents and decades of production make for one of the world's toughest oil fields.
"We're more active than ever," says Tim Marquez, CEO and founder of Venoco, which is running [...]
State Rep. Terry Backer (D-Stratford) announced passage of a bill he authored, House Bill#5724, An Act Concerning Energy Scarcity And Security, that will take steps to ensure Connecticut's energy planning is in place and alternative strategies have been designed to address the ever increasing cost and potential supply disruption in [...]
Canadian and U.S. spotters are being kept busy this year by hundreds of the frozen chunks in Atlantic shipping lanes
A surge in the number of icebergs off Newfoundland has imperilled marine traffic and added work for the flight crews who monitor offshore.
About 600 icebergs are currently on the Grand Banks, [...]
NEW YORK (CNNMoney.com) -- As part of their plan to tame record oil prices, lawmakers are urging the President to stop putting oil in the nation's Strategic Petroleum Reserve. But some analysts say that won't do much to lower gas prices.
... Currently, about 70,000 barrels a day are pumped into [...]
In most Canadian cities, retail gas prices topped $1.10 per litre last week. The increasingly high cost of filling up is no surprise considering that on Wednesday crude oil hit [...]
THE new petrol price watchdog has promised to scrutinise soaring diesel prices, amid concern that oil companies are using the fuel to gouge profits previously earned on unleaded.
At $1.60 a litre, the average national diesel pump price is now 19 cents a litre higher than the average petrol price, compared [...]
Sources in the Delta say the Nigerian government has withheld up to $1bn as part of a production-sharing agreement while the two [...]
Are we doomed? Debora MacKenzie, the author of a recent New Scientist cover story, says our survival depends on how connected we are to each other.
"A civilization is a system whereby people get what they need. They get the basics of life food, water, shelter, civil order, and [...]
World civilization is based on oil. The world is running out of oil. The oil companies and governments are not telling the truth about how close we are to the end. Dick Cheney knew about peak oil back in 1999 when he spoke to the London Petroleum Institute as Halliburton [...]
Food, beverage and tobacco costs- which account for almost a [...]
(Bloomberg) -- Royal Dutch Shell Plc said a leak forced the shutdown of a crude oil pipeline that moves more than 1 million barrels a day from the Gulf of Mexico to Midwestern refiners, cutting supplies at a time of near-record prices.
The Capline system was closed yesterday after a technician [...]
For isolated economies, the first sign that you have flamed out might be that the planes stop flying to your airport on a regular basis. [...]
Whale oil, that is.
And if an American prophet had said that in about 1850, he or she would have been right. [...]
"I keep no secret from you that when there were some new [...]
Peak oil spells the end of civilization. And, if it's not already too late, perhaps it will prevent the extinction of our species.
M. King Hubbert, a petroleum geologist employed by Shell Oil Co., [...]
Taiwan also needs to sign long-term purchase contracts to stabilize its coal supplies, ministry officials said. [...]
Prime Minister Syed Yousuf Raza Gillani after being sworn in March 25 put the "energy crisis" up with terrorism as [...]
Luckily there is an antidote. It’s Mark Diesendorf’s Greenhouse Solutions with Sustainable Energy, a work that [...]
As fuel prices soar to record highs and airlines struggle to maintain profitability, the unglamorous but fuel-efficient turboprop regional airliner is making a remarkable comeback.
The revival of the propeller-driven planes, which typically consume a quarter to a third less fuel [...]
A Lehman Brothers report puts the possible Gulf export shortfall due to high domestic demand at up to one million barrels per day [...]
Australia has 50 sedimentary basins, of which just 12 are producing oil and gas, pointing [...]
Soaring demand for better quality food from rapidly industrialising emerging markets such as China, supply shortages, increased demand for biofuels, and a surging appetite for food [...]
The UKs tax on a litre of oil was 55% in 2007, while [...]
...Following is a summary of the main points made by Simmons during his interview with the Fast Money traders.
Youre predicting $378 a barrel!?
We never understood the value of oil (domestically), replies Simmons. In England theyre paying the equivalent of $9 a gallon. That translates to $378 a barrel and its [...]
For decades Forbes has chronicled the auto industry's efforts to build cleaner machines. Big ideas, crackpot schemes, furious debates between industry types and environmentalists--we've seen it all.
But the elusive "green car" isn't a topic that leaves us jaded. No, there's opportunity here for an industry to reinvent itself. In the [...]
Peak Oil has been the subject of debate for many years and has largely been ignored by industry optimists but has continually worried many industry experts.
The big question has it seems, finally been answered with new projections placing the point of peak oil occurring within the next [...]
BRUSSELS - A month after Russia cut off gas supplies to the Ukraine for the first time in 2006, German Chancellor Angela Merkel said that the European Union which gets 40 percent of its gas from Russia needed to develop a common energy policy over the next [...]
BRUSSELS (AFP) - The risks of climate change have turned from a threat to reality impacting the conflict in Darfur, migration from flood-prone Bangladesh and hopes for stability in the Middle East, according to a new EU report.
From Africa to Asia, and from pole to pole, climate change has [...]
Carolyn Baker Reviews "Path Through Infinity's Rainbow"
...In this review, I'd like to share how the book skillfully does this along with my experience of immersing myself in the pages of its sobering information and compassionate wisdom. Dedicated to his wife and partner, Ramona, her presence enhances the book with several [...]
NEW YORK (MarketWatch) -- With $100-a-barrel here for now, Goldman Sachs says $200 a barrel could be a reality in the not-too-distant future in the case of a "major disruption."
Goldman on Friday also boosted by $10 the low end of its 2008-2012 projected [...]
Those who believe that oil is running out have a special scorn for prominent oil industry consultant and analyst Daniel Yergin, chairman of Cambridge Energy Research Associates. Yergin, who wrote The Prize, the Pulitzer Prize-winning book that stands as the definitive history of the oil industry, has often dismissed concerns [...]
“Managing the urban environment is a particularly serious issue for Asia, as its population is migrating to cities at an unprecedented rate,” [...]
About $190 billion a year, or the equivalent of a third of US annual military expenditure, a prominent environmental economist says in a new book. [...]
In his opening speech to the International Tourism Exchange fair earlier this week, German Economy Minister Michael Glos said climate [...]
A report to the leaders by EU foreign policy chief Javier Solana and the executive European [...]
Yesterday's ruling will force harmful emissions to be much more carefully considered in future assessments, says a lawyer who argued the case. [...]
...Aside from the transit nightmare, the Florida blackout also revived the awful memory of August, 2003, when an even larger grid failure in the Northeast left 15 million people in the dark. Improvements to America's electrical reliability system have been put in place the past five years; but Tuesday was [...]
NEW YORK - Crude prices rebounded Thursday, shooting up more than $2 a barrel to another new record as a falling dollar and the prospect of lower interest rates attracted fresh money to the oil market. Retail gas prices, meanwhile, rose closer to records above $3 a gallon.
A pair [...]
BANGKOK: The sluggish Thai economy and record gold prices have prompted many elderly Thais to cash in family heirlooms as they struggle to make ends meet.
"This is family jewelry," said Pannee Sae Kaow, a 78-year-old Thai-Chinese woman standing outside a gold shop in Chinatown in Bangkok and clutching a tarnished [...]
Oil production in Cuba has fallen steadily over the last half decade from a production high of nearly 65,000 barrels per day in 2003, according to energy experts on the subject.
Over the past five years, production in Cuba has dropped to about 51,300 bpd, said Jorge Pinon, a researcher [...]
The gas-rich Gulf state of Qatar on Thursday launched a public transport project that will use electric buses and taxis in a bid to cut air pollution.
The battery-powered vehicles are being built by a China-based developer for Mowasalat, Qatar's public transport operator, and will enter service soon, the organisation's business [...]
While Democratic candidates for the presidential nomination debate and compete over whose healthcare reform plan is best, and over whether or not it's okay to talk with "America's enemies," and while Democrats and Republicans lob attacks over whose foreign policy is more muscular, there is a lengthening list of global [...]
LONDON (Reuters) - Firefighters said on Thursday they were tackling a major fire at the Bacton gas terminal, but that the blaze appeared to be confined to the terminal itself.
"We have a very large scale incident ongoing at the moment at the Bacton Gas Shell UK Ltd site ... on [...]
While sampling blended biodiesel fuels purchased from small-scale retailers, researchers at the Woods Hole Oceanographic Institution found that many of the blends do not contain the advertised amount of biofuel.
Marine chemist Chris Reddy and colleagues sampled pure biodiesel and blends from more than a dozen distributors across the United [...]
MOSCOW (Thomson Financial) - President Vladimir Putin today mocked a US-backed plan to build a gas pipeline to Europe that would bypass Russia as he concluded a deal with Hungary on a rival project.
'There's always an alternative but it's worse than cooperation with Russia. You can build two pipelines, [...]
WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke told Congress Thursday that the nation is "not anywhere near" the dangerous stagflation situation that prevailed in the 1970s.
With the economy slowing and inflation [...]
