Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)


News from February 2009

Peak Oil Review – Feb 23

Peak Oil Review – Feb 23 thumbnail

1. Production and Prices 2. The March OPEC meeting 3. Nigeria 4. China goes shopping 5. Briefs 1. Production and Prices In a shortened trading week, high volatility continued due to the now familiar conflict between a widening world recession and OPEC production cuts. There were, however, surprises along the way. When the weekly US […]


Old power lines block road to renewable energy

Old power lines block road to renewable energy thumbnail

Senior lawmakers, officials as well as Clinton, Gore huddle over strategy WASHINGTON – Across the Great Plains the wind blows incessantly, while in the remote Nevada desert the sun bears down without relief. Each holds the potential of a vast new energy resource. While wind turbine and solar projects are ready to capture this new, […]


Canadian firm may have cure for oil sands headache

Canadian firm may have cure for oil sands headache thumbnail

CALGARY, Alberta (Reuters) – Alan Fair had been trying to solve the problem of oil sands tailings on and off for three decades, when 500 ducks died after landing on a pond of the waste at Syncrude Canada Ltd’s Alberta site last spring. Then the quest became more crucial for Fair, Syncrude’s research and development […]


US Interior scraps Bush research oil shale leases

US Interior scraps Bush research oil shale leases thumbnail

WASHINGTON, Feb 25 (Reuters) – A Bush administration plan for demonstration oil shale leases will be scrapped because the proposal is flawed and royalties to the government are too low, Interior Secretary Ken Salazar said on Wednesday. “If oil shale technology proves to be viable on a commercial scale, taxpayers should get a fair rate […]


N.Atlantic climate shift see-saws on South: study

N.Atlantic climate shift see-saws on South: study thumbnail

OSLO (Reuters) – Any abrupt climate changes in the North Atlantic region have a quick see-saw effect on the South Atlantic and affect weather around the globe rather than just locally, scientists said on Wednesday. A study of ocean sediments from the last Ice Age in the South Atlantic backed theories that a sudden cooling […]


World lags in breeding climate-proof crops: experts

World lags in breeding climate-proof crops: experts thumbnail

OSLO (Reuters) – The world is running out of time to develop new seed varieties to confront climate change and head off food shortages that could affect billions of people, experts said. Marking the first anniversary on Thursday of the opening of a “doomsday” seed vault on the island of Spitsbergen in the Norwegian Arctic, […]


Weak oil and imports turn EU biofuel boom to gloom

Weak oil and imports turn EU biofuel boom to gloom thumbnail

PARIS (Reuters) – European euphoria over biofuel has ended after slumping oil prices and cheap imports battered the sector last year, while the credit crisis has made the outlook even gloomier. Producers say the fall in oil prices at a far quicker pace than agricultural costs has endangered the sector by slashing margins, although conditions […]


Energy companies see challenging 2009

Energy companies see challenging 2009 thumbnail

BANGALORE (Reuters) – Oil and gas companies Bill Barrett Corp (BBG.N) and Unit Corp (UNT.N) posted quarterly results that were hurt by one-time writedowns and charges, resulting from the precipitous fall in oil and gas prices, and forecast a bleak outlook for 2009. Parker Drilling (PKD.N), which posted better-than-expected adjusted fourth-quarter results, also forecast first-quarter […]


U.S. gasoline supply sinks, crude up: EIA

U.S. gasoline supply sinks, crude up: EIA thumbnail

NEW YORK (Reuters) – Gasoline inventories in the United States plunged last week as demand rose while crude oil stocks showed a smaller-than-expected increase, government data on Wednesday showed. “The big draw is in gasoline … Demand is coming back,” said Tom Bentz, senior commodity analyst at BNP Paribas Commodity Futures in New York. Gasoline […]


Aspects Of The Post-Oil Community

Aspects Of The Post-Oil Community thumbnail

One thing that will hit Americans rather hard in the future is the problem of The individualist mentality has always been typical of Americans. There is a sort of frontier mentality that still pervades much of American life. In certain ways, this has been beneficial: freedom from the obligations of the


Oil chiefs urge offshore drilling

Oil chiefs urge offshore drilling thumbnail

WASHINGTON Committee Chairman Nick Rahall, D-W.Va., said he’s not opposed to offshore drilling, but was holding the hearings to learn more about “the trade-offs that would be involved” if more coastal waters were opened to oil and gas companies. Congress last October ended the long-standing ban on drilling in about 85 percent of the country’s […]


Australia: Coal competition affecting grain rail freight

Australia: Coal competition affecting grain rail freight thumbnail

Farmers in north-west New South Wales say fierce competition with the Hunter’s coal Industry is making it increasingly difficult to get grain to the Port of Newcastle by rail. The NSW Farmers Association says during several years of drought and small crops, the availability of rail freight wagons was reduced, but this has created transport […]


U.S. gas drilling boom stirs water worries

U.S. gas drilling boom stirs water worries thumbnail

…In northeastern Pennsylvania, drilling also threatens the Delaware River watershed, the source of water for 15 million people living in New York, Pennsylvania and New Jersey, according to Damascus Citizens for Sustainability, a group that opposes the development. According to the organization, 245 chemicals including methanol, benzene, glycol ethers and biocides are used in the […]


Bird Study Highlights Loss Of Wildlife Knowledge From One Generation To Another

Bird Study Highlights Loss Of Wildlife Knowledge From One Generation To Another thumbnail

Our ability to conserve and protect wildlife is at risk because we are unable to accurately gauge how our environment is changing over time, says new research in Conservation Letters. The study shows that people may not realise species are declining all around them, or that their local environment may have changed dramatically since their […]


Study: Antarctic glaciers slipping swiftly seaward

Study: Antarctic glaciers slipping swiftly seaward thumbnail

GENEVA Previously most of the warming was thought to occur on the narrow stretch pointing toward South America, said Colin Summerhayes, executive director of the Britain-based Scientific Committee on Antarctic Research and a member of International Polar Year’s steering committee. But satellite data and automated weather stations indicate otherwise. “The warming we see in the […]


Climate Fears Are Driving ‘Ecomigration’ Across Globe

Climate Fears Are Driving ‘Ecomigration’ Across Globe thumbnail

Adam Fier recently sold his home, got rid of his car and pulled his twin 6-year-old girls out of elementary school in Montgomery County. He and his wife packed the family’s belongings and moved to New Zealand — a place they had never visited or seen before, and where they have no family or professional […]


Oil’s not well in Canada

Oil’s not well in Canada thumbnail

When a nation cannot safeguard its citizens against freezing in the dark, nor control how much energy it exports, nor set the price at which citizens can buy back their own energy from foreign transnational corporations, it is not an energy superpower, it is an energy satellite. “A colony or satellite is a people who […]


Michael Klare – A Planet on the Brink: Economic Crash Will Fuel Social Unrest

Michael Klare – A Planet on the Brink: Economic Crash Will Fuel Social Unrest thumbnail

Governments across the planet are preparing for a surge of violent protests from economic upheaval. Wars may follow. The global economic meltdown has already caused bank failures, bankruptcies, plant closings, and foreclosures and will, in the coming year, leave many tens of millions unemployed across the planet. But another perilous consequence of the crash of […]


Scientists find bigger than expected polar ice melt

Scientists find bigger than expected polar ice melt thumbnail

GENEVA (AFP) The frozen and often inaccessible polar regions have long been regarded as some of the most sensitive barometers of environmental change and global warming because of their influence on the world’s oceans and atmosphere. Preliminary findings from the two year survey by thousands of scientists revealed new evidence that the ocean around the […]


Three Mile Island re-licensing process continues

Three Mile Island re-licensing process continues thumbnail

Midstate residents questioned whether Three Mile Island is safe and secure Tuesday as federal officials decide whether to renew the license for the nuclear power station. The U.S. Nuclear Regulatory Commission held a meeting at the Harrisburg-Hershey Sheraton to gather public comment on a draft report that is part of the re-licensing process for TMI’s […]


Economic Crisis Complicates California

Economic Crisis Complicates California thumbnail

COLTON, Calif. State regulators have projected that retrofitting the state


Russian general says watching Arctic militarization

Russian general says watching Arctic militarization thumbnail

MOSCOW (Reuters) – Russia said on Monday it was watching the extent of militarization in the Arctic as global warming makes potentially valuable resources in the polar region more accessible and would plan its strategy accordingly. Russia has already staked its claim to a majority of the Arctic waters, which it shares with four NATO […]


Federal officials debate placement of power grid

Federal officials debate placement of power grid thumbnail

WASHINGTON “We cannot let 231 state regulators hold up progress,” Reid said, referring to the members of state public utility commissions that decide on transmission locations in the states. He said states should be given every opportunity to participate but that “there may come a time when the federal government will have to step in,” […]


CERA – a peak oiler in the making?

CERA – a peak oiler in the making? thumbnail

CERA has over the years been extremely optimistic regarding future expansion of liquids capacity. They also have belittled and ridiculed those who disagreed, particularly with the notion that we will soon see a Peak Oil scenario. It is therefore with some surprise you read the various CERA reports in chronology and you realize that CERA […]


Monbiot – China’s growth is no figleaf for the real source of CO2 emissions: UK

Monbiot – China’s growth is no figleaf for the real source of CO2 emissions: UK thumbnail

China is blamed for soaring carbon emissions and used as an excuse for the west to do nothing on climate change But now, of course, we find that the story is not quite as we have been told. Yes, China’s carbon pollution is soaring (though the Chinese still produce less than half as much CO2 […]


Steve LeVine: China Changes Calculus for Petro-Rulers

Steve LeVine: China Changes Calculus for Petro-Rulers thumbnail

Much has been written on how low oil prices will help to reverse the fortunes of resource-strapped Big Oil The implications of China


ANALYSIS – Sovereign wealth eyes move into commodities, oil

ANALYSIS – Sovereign wealth eyes move into commodities, oil thumbnail

LONDON (Reuters) – Sovereign wealth funds (SWFs) — the investment arms of cash-rich nations such as China and Qatar — are poised to raise their holdings of commodities and oil in a move that could have a huge impact on financial markets. Sitting on up to $4 trillion in assets, much of it from selling […]


Evolution, Global Warming, Doomsday and the Afterlife

Evolution, Global Warming, Doomsday and the Afterlife thumbnail

…Anyway, how can anyone get so traumatized by this latest series of existing and potential catastrophes, for in the 70’s we muddled through the population bomb, limits to growth, potential nuclear winter, the Vietnam War, acid rain and two energy crises…and somehow recovered. In fact, nearly two decades after the Second Energy Crisis, crude oil […]


NASA satellite mission to monitor carbon dioxide fails

NASA satellite mission to monitor carbon dioxide fails thumbnail

WASHINGTON (AFP) “We are still evaluating the status of the location and the exact state” of the spacecraft, Diller said. “We have not had a successful launch tonight,” he said. It was unclear exactly why the mission failed or what happened to the rocket and the its load, NASA said. Agency officials have announced a […]


Kunstler: The Abyss Stares Back

Kunstler: The Abyss Stares Back thumbnail

…Among the questions that disturb the sleep of many casual observers is how come Mr. O doesn’t get that the conventional process of economic growth — based, as it was, on industrial expansion via revolving credit in a cheap-energy-resource era — is over, and why does he keep invoking it at the podium? Dear Mr. […]


« Previous PageNext Page »



Oil News Categories


Recent Board Topics


Archive


LATEST NEWS HEADLINES