http://www.peakoil.com Peak Oil News News en-us Paul Laudanski (mailto:admin@peakoil.com) Copyright © 2003 Peak Oil News 2008-05-13T11:12:42-05:00 hourly 2 2003-01-01T12:00-05:00 http://www.peakoil.com/modules.php?name=News&file=article&sid=38491 Publicly, U.S. airlines are wringing their hands about rising fuel costs and using the continued spike in oil prices to justify each round of fare increases and new charges for former freebies like seat selection or checking a second bag. Many carriers claim consolidation is the only viable ... Business News; Market Research Leanan 2008-05-13T11:06:20-05:00 http://www.peakoil.com/modules.php?name=News&file=article&sid=38490 Bush Together with Saudi Arabia Spells Disaster for America There was a time when the Organization of Petroleum Exporting Countries (OPEC) controlled by Saudi Arabia and under the pragmatic thumb of Sheik Ahmed Zaki Yamani, would have opened wide the oil spigots in the face of sky high prices and a... Public Policy; Political and Legal News Leanan 2008-05-13T10:54:58-05:00 http://www.peakoil.com/modules.php?name=News&file=article&sid=38489 These days everyone is worried about oil. The primitive black goo has been linked to climate change, economic disruption and other problems, but make no mistake: We still need oil, and lots of it. Not only is American demand rising—this year it’s expected to top 21 million barrels per day—but ascend... Production; Extraction; Exploration Leanan 2008-05-13T10:52:01-05:00 http://www.peakoil.com/modules.php?name=News&file=article&sid=38488 DETROIT — The Nissan Motor Company plans to sell an electric car in the United States and Japan by 2010, raising the stakes in the race to develop environmentally friendly vehicles. The commitment — expected to be announced Tuesday by Nissan’s chief executive, Carlos Ghosn — will be the first by a ... Hydrocarbon Alternatives Leanan 2008-05-13T10:50:15-05:00 http://www.peakoil.com/modules.php?name=News&file=article&sid=38487 The average price of gasoline jumped to $3.722 a gallon, the government said Monday, up a hefty 10.9 cents in a week and the fourth consecutive record. Diesel, the fuel of semi trucks, delivery vans and railroad locomotives, shot up 18.2 cents to $4.331 per gallon, guaranteeing higher shipping cost... Consumption; Demand; Prices Leanan 2008-05-13T10:28:34-05:00 http://www.peakoil.com/modules.php?name=News&file=article&sid=38486 As the director of the Central Intelligence Agency, Gen. Michael Hayden should have some insight on the biggest threats facing the U.S. But when Hayden recently described what he saw as the most troublesome trend over the next several decades, it wasn't terrorism or climate change. It was overpopula... Public Policy; Political and Legal News Leanan 2008-05-13T10:20:04-05:00 http://www.peakoil.com/modules.php?name=News&file=article&sid=38485 (Bloomberg) -- The International Energy Agency, the energy adviser to 27 nations, cut its forecast for global oil demand in 2008 for a fourth month as record prices crimp consumption in the world's most developed economies. The forecast was cut by 390,000 barrels a day to 86.84 million barrels a da... Production; Extraction; Exploration Leanan 2008-05-13T10:17:44-05:00 http://www.peakoil.com/modules.php?name=News&file=article&sid=38484 (Bloomberg) -- Rio Tinto Group, the world's third- largest mining company, and BP Plc, Europe's second-largest oil producer, canceled a plan to build a coal-fired power plant in Australia that would capture and store carbon to cut emissions. The plant at Kwinana, which was being studied by the Hyd... Enviromental Headlines; Climate Change Leanan 2008-05-13T10:15:56-05:00 http://www.peakoil.com/modules.php?name=News&file=article&sid=38483 SEOUL–Hyundai Motor Co. shelved plans to build pickup trucks in the United States as soaring gas prices chip away at demand for trucks, a company official said Tuesday. The largest South Korean automaker had considered producing pickups at a plant of its subsidiary Kia Motors Corp. that is now un... Business News; Market Research Leanan 2008-05-13T10:13:14-05:00 http://www.peakoil.com/modules.php?name=News&file=article&sid=38482 Biofuels will account for 63 percent of oil supply growth from non-OPEC countries this year, taking global production of crop-based fuel to more than 1.5 million barrels a day, the International Energy Agency said today. Biofuels output will grow by 425,000 barrels a day this year, a 57 percent inc... Production; Extraction; Exploration Leanan 2008-05-13T10:11:03-05:00