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News from January 2007

The Peak Oil Crisis: The Age of the Electric Car

The Peak Oil Crisis: The Age of the Electric Car thumbnail

It is time for some good news. In recent weeks there has been a spate of announcements about plans to develop electric cars and much better batteries to power them. Although few new models will be ready for sale in a couple of years, by the end of 2007 there should be many technology-proving prototypes […]


Oil May Fall as Production Rises, Demand Growth Slows, RBS Says

Oil May Fall as Production Rises, Demand Growth Slows, RBS Says thumbnail

Oil, which has dropped 27 percent from the record reached in July, may fall to $45 a barrel by 2011 as output increases and demand growth slows, said Royal Bank of Scotland Plc, the U.K’s second-largest lender. bloomberg


Little-known Russian company reportedly discovers massive Siberian gas field

Little-known Russian company reportedly discovers massive Siberian gas field thumbnail

An enormous new gas field has been discovered in the Siberian region of Irkutsk by a small, little-known Russian energy company called OOO Petromir, Russian newspaper Vedomosti reports Wednesday citing the state subsoil agency Rosnedra. marketwatch


Time To Buy Oil?

Time To Buy Oil? thumbnail

If you want to invest in oil, I would argue it is fairly priced now. We have had a very mild winter, the Iran issue has subsided, the reserve is filled and hurricane season is six months away. We are in a lull in the “fear factor” for oil. The price has cooperated and fallen […]


The President’s New Military Strategy in Iraq

The President’s New Military Strategy in Iraq thumbnail

The President’s revised strategy in Iraq is comprised of three central prongs: military, political, and economic. Many are asking what is different about the military mission in Iraq after the President announced an additional 21,000 U.S. soldiers and Marines were needed in Baghdad. This new strategy is a move away from what Senator McCain has […]


Exxon, Shell, BP May Say Profit Fell as Gas, Oil Rally Ended

Exxon, Shell, BP May Say Profit Fell as Gas, Oil Rally Ended thumbnail

Exxon Mobil Corp., Royal Dutch Shell Plc and BP Plc may report fourth-quarter earnings fell, the first time the world’s three largest oil companies all reported a decline since mid-2002. bloomberg


Canadians Support Higher Fuel Economy Standards as Top Measure to Counter Global

Canadians Support Higher Fuel Economy Standards as Top Measure to Counter Global thumbnail

Globe and Mail. A Strategic Counsel survey for Canada greencarcongress


10 First Steps for a Transition Town Initiative

10 First Steps for a Transition Town Initiative thumbnail

The Transition Town concept, as championed by Rob Hopkins, has been celebrated in recent days at the Soil Association conference in Cardiff. Transition Town initiatives engage community in peak oil and climate change awareness, planning and action, building on the influencial Kinsale Energy Descent Action Plan concept. The following headlines link to full articles on […]


Building America

Building America thumbnail

Jeff Christian directs the Buildings Technology Center at the Oak Ridge National Labs. Over the last four years he has conducted research on five prototype houses that cost between 60 cents and one dollar a day in energy costs to operate. Jeff Christian works with Building America, a program that focuses on the building site, […]


European fuel cell bus trials ’successful’

European fuel cell bus trials ’successful’ thumbnail

European trials of fuel cell-powered buses, currently taking place in nine European cities including London, have been hailed a success by the project’s operators. “The question is no longer whether this technology works, but when will it be competitive.” fuelcelltoday


Biofuels ’superpower’ Angola soon to be self-sufficient in food production – FAO

Biofuels ’superpower’ Angola soon to be self-sufficient in food production – FAO thumbnail

Decades of gruesome civil war, landmines, blood diamonds, hundreds of thousands of refugees, the total destruction of infrastructures, near state collapse… these are some of the common images that come to mind when we hear about Angola. But things are changing rapidly in the former Portuguese colony. […] Because of this situation, many Angolans used […]


The Oil Drum: The Rapid Collapse of Cantarell

The Oil Drum: The Rapid Collapse of Cantarell thumbnail

Last year, I expressed my concerns about the eventual impact of a rapid collapse of Cantarell on Mexico’s oil production (story here).The last production numbers from PEMEX seems to confirm the rapid decline of Cantarell as well as the inability of the Mexican to rapidly bring new production online… Much more after the jump to […]


Scotland Power Crisis Reinforces Need for Fossil Fuel Alternatives

Scotland Power Crisis Reinforces Need for Fossil Fuel Alternatives thumbnail

Energy rationing. Energy famine. Are they even possible? It What


Paris to roll out free bicycles

Paris to roll out free bicycles thumbnail

PARIS — The City of Light wants to soon become a city of bicycles. Paris City Hall announced it has selected French outdoor advertising firm JCDecaux SA to operate a new free bicycle service in the capital. Joining other European cities like the Dutch capital, Amsterdam, Paris wants to make thousands of bikes available for […]


A Faith-Based Fuel Initiative

A Faith-Based Fuel Initiative thumbnail

In 1975, after the oil embargo, Congress approved the most successful energy-saving measure this country has ever seen: the Corporate Average Fuel Economy system, known as CAFE, which set minimum mileage standards for cars. Within 10 years, automobile efficiency had virtually doubled, to 27.5 miles per gallon in 1985 from just over 14 miles per […]


U.K.: Parking hike for high polluters

U.K.: Parking hike for high polluters thumbnail

A local authority has approved plans to charge increased parking prices for the most polluting vehicles. Richmond Council in south-west London, has said high carbon dioxide-emitting vehicles will now incur three times the normal residential parking fees. A family with two such cars could pay up to


An OPEC of a Different Color

An OPEC of a Different Color thumbnail

Looming on the European horizon may be a new type of “natural gas OPEC” led by Russia. The secret to its success, however, will be its ability to operate under the global radar. Considering that over half of the world’s 172 trillion cubic meters of natural gas reserves are located in Russia, Iran and Central […]


GoldSeek.com Radio

GoldSeek.com Radio thumbnail

Kunstler is featured in the Jan. 27th broadcast. His latest book, The Long Emergency, published by the Atlantic Monthly Press in 2005, is about the challenges posed by the coming permanent global oil crisis, climate change, and other “converging catastrophes of the 21st Century.” Broadband and dialup RealMedia available at Goldseek Radio


Venezuela Hits US Drilling Company with Stiff Tax Bill

Venezuela Hits US Drilling Company with Stiff Tax Bill thumbnail

Venezuelan tax authorities said Houston-based Pride International, one of the world’s top oil drilling firms, evaded paying more than $32 million in taxes and now must make good on the bill. Seniat – the Venezuelan equivalent of the IRS – told Pride that deductions for expenses and losses in previous years it claimed in 2002 […]


Lawns to Gardens

Lawns to Gardens thumbnail

The Humboldt County Peak Oil Action Group will be sponsoring a free two-part Lawns to Gardens workshop on Feb. 6 and March 13, beginning at 7 p.m. both nights, in the Arcata Community Center Senior Room. Organizer and leader of the first workshop Susan Ornelas said that they would like to encourage edible landscapes in […]


Loser: Corn-o-copia

Loser: Corn-o-copia thumbnail

Extravagant subsidies and low coal prices have made for some strange ethanol projects Making ethanol from crops has considerable, and growing, allure. As an energy source, bioderived ethanol is renewable, and its by-products are biodegradable. And, most important, to the extent that the ethanol takes the place of gasoline, it economizes on imported oil and […]


Russian Officials Oppose Iran’s Idea of Creating Gas Cartel

Russian Officials Oppose Iran’s Idea of Creating Gas Cartel thumbnail

Officials at the Economic Development and Trade Ministry and the Industry and Energy Ministry do not see any economic expediency in creating a gas cartel. On Sunday [28 January], Iranian spiritual leader Ayatollah Ali Khamene’i spoke in favour of creating “an organization for cooperation in the gas sector, similar to OPEC”. “I do not understand […]


Chavez to be granted new powers

Chavez to be granted new powers thumbnail

Venezuelan President Hugo Chavez is expected to be granted special powers to make sweeping changes to the country’s national life. Members of the National Assembly are due to finalise a law allowing Mr Chavez to rule by decree over the energy sector and 10 other broad areas. Mr Chavez has said he wants to speed […]


EU Tackles Oil Companies over Climate Change: Draft

EU Tackles Oil Companies over Climate Change: Draft thumbnail

The European Commission will propose stricter environmental standards for fuel and will require a drop in emissions from oil exploration and transport as part of the fight against global change, a proposal set for release on Wednesday shows. A draft Commission proposal obtained by Reuters says oil companies will be required to monitor greenhouse gas […]


Brussels urges action on EU blackout threat

Brussels urges action on EU blackout threat thumbnail

EU states should sign up to European Commission reforms on the internal market for energy if they want to avoid the kind of blackouts seen in November last year, Brussels said Tuesday (30 January), trying to steer a middle way between advice and alarmism. “I wouldn’t say today there exists the risk of a blackout,” […]


”Halt needed on number of biofuel plants”

”Halt needed on number of biofuel plants” thumbnail

Governments should introduce a halt on the number of biofuel processing plants until they are certain of how many are being built and are in control of the sector’s growth, according to environmentalist Lester Brown from the ‘US Earth Policy’ Institute. Speaking in Brussels, Brown said he was concerned about the competition that will arise […]


Africa seen missing out on clean energy investment

Africa seen missing out on clean energy investment thumbnail

Africa has missed out on booming investment in clean energy projects partly over worries that it is a tough destination to do business, a U.N. official said on Tuesday.Of the more than 1,510 projects recorded by the United Nations since Kyoto came into force two years ago, Africa has only a small share — 1.6 […]


South Africa: ‘No quick fix to Eskom energy crisis’

South Africa: ‘No quick fix to Eskom energy crisis’ thumbnail

The Cape Town Regional Chamber of Commerce and Industry has appealed to businesses to re-examine the way in which they use energy in order to save electricity. The demand for power is steadily increasing and Eskom has asked householders to switch off geysers and other appliances during the evening peak hour.Chamber president Janine Myburgh said […]


Russia and Japan Move to Strengthen Energy Ties

Russia and Japan Move to Strengthen Energy Ties thumbnail

After decades of weak ties because of a dispute over four Pacific islands, officials from Japan and Russia have launched high-level talks on such strategic issues as trade and energy.For Japan in particular, building a bridge to energy-laden Russia seems to be an emerging priority. For Russia, improved ties with Japan open up a new […]


Australia: Pollution cuts ‘would raise energy cost’

Australia: Pollution cuts ‘would raise energy cost’ thumbnail

Australian families’ power bills would have to rise to pay for a major cut in damaging greenhouse gas emissions, an energy association said. The Energy Supply Association of Australia said in a new report that substantial greenhouse gas emission reductions were possible by the year 2030, but electricity would cost twice as much.It’s estimated that […]


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World petrol demand 'likely to peak by 2030 as electric car sales rise' #peakoil theguardian.com/business/2017/…

Big thanks to @kaleider for this beautiful copy of #AncientSunlight. So happy to see my old students' names in print #peakoil #BookOfFood

test Twitter Media - Big thanks to @kaleider for this beautiful copy of #AncientSunlight. So happy to see my old students' names in print #peakoil #BookOfFood https://t.co/ucfsMLqNcn

World petrol demand 'likely to peak by 2030 as electric car sales rise' theguardian.com/business/2017/… #peakoildemand #peakoil