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Libya cuts Swiss oil and economic ties in protest
Public Policy; Political and Legal NewsLibya said on Friday it would withdraw $7 billion of assets in Swiss banks, cut economic ties with Switzerland and stop supplying it with oil to protest against poor treatment of Libyan diplomats and businessmen.

The decision followed a diplomatic row that was sparked three months ago when a son of Libyan leader Muammar Gaddafi was arrested in Geneva on July 15 and charged with mistreating two domestic employees.

Posted by waegari on Saturday, October 11 @ 02:37:15 PDT (0 reads)
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U.S., India sign new nuclear agreement
Hydrocarbon Alternatives Secretary of State Condoleezza Rice signed a new nuclear trade deal Friday with the United States which she said will unlock a vast potential partnership.

The agreement will open the door for U.S. companies to provide billions of dollars of equipment and expertise to the Indian nuclear power industry.

Posted by waegari on Saturday, October 11 @ 02:28:11 PDT (3 reads)
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EU’s first enlightened move on energy efficiency
Public Policy; Political and Legal NewsToday EU Energy Ministers decided to ban incandescent light bulbs in Europe as of 2010. The move comes few days before the lift of anti-dumping duties on energy saving lamps imported from China, which takes effect on 18 October. Both decisions are a positive move towards energy savings within the EU, says WWF, the global conservation organisation.

WWF regrets, however, that the European Union has not committed yet to a binding target reducing primary energy consumption by 20% by 2020 to boost energy conservation in all sectors. Although it was discussed by the European Council in 2007, so far this objective is only applied by European countries on a voluntary basis.

Posted by waegari on Saturday, October 11 @ 00:55:34 PDT (42 reads)
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Nature loss 'dwarfs bank crisis'
Enviromental Headlines; Climate ChangeThe global economy is losing more money from the disappearance of forests than through the current banking crisis, according to an EU-commissioned study.

It puts the annual cost of forest loss at between $2 trillion and $5 trillion.

Posted by waegari on Saturday, October 11 @ 00:52:16 PDT (41 reads)
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Oil's Drop Squeezes Producers
Production; Extraction; ExplorationGraeme writes: Big oil-producing countries are showing signs of distress as the global credit crunch and falling crude prices begin to squeeze government budgets and delay projects.

A study released by Bernstein Research of New York this week argues that oil prices will remain linked to the cost of producing supplies from difficult but crucial fields deep offshore and elsewhere, a cost the research firm puts at between $75 and $80 a barrel. By 2012, the firm said, that cost likely will have jumped to $105 a barrel.

Posted by waegari on Saturday, October 11 @ 00:47:03 PDT (46 reads)
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Arctic stormier as Earth warms, study finds
Enviromental Headlines; Climate Change

Pace of sea ice also quickens, which could help climate by churning ocean

The Arctic has become more stormy in the past 50 years due to the warming climate, which in turn has quickened the pace of drifting sea ice, a new NASA study finds.

Posted by coyote on Friday, October 10 @ 18:46:43 PDT (80 reads)
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U.S. ethanol profits stay weak on poor fuel demand
Business News; Market Research

NEW YORK, Oct 10 (Reuters) - Average U.S. ethanol distillers profits rose a few pennies this week on softer corn prices but remained weak overall on poor motor fuel demand, analysts said on Friday.

"Those companies that are able to keep costs under control continue to do okay. Those that can't are in a world of hurt," said Rick Kment, analyst at DTN in Nebraska.

Posted by coyote on Friday, October 10 @ 17:52:37 PDT (78 reads)
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Venture capital looks to new sources of biofuels
Business News; Market Research

SAN FRANCISCO, Oct 9 (Reuters) - Corn-based ethanol is yesterday's news for venture capitalists who, these days, are betting on everything from wood chips and algae to turkey guts and trash as potential sources of next-generation biofuels.

Corn ethanol caught the imagination of U.S. policymakers as a way to fix multiple problems: rising oil prices, dependence on foreign oil and fossil fuel pollution. But the use of corn for ethanol is now embroiled in controversy, being held responsible by critics for recent spikes in food prices that spurred riots in some countries.

Posted by coyote on Friday, October 10 @ 17:47:53 PDT (84 reads)
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Russia would not cut off gas to Europe -US envoy
Public Policy; Political and Legal News

ROME, Oct 10 (Reuters) - European dependence on Russian gas is dangerous partly because of future supply shortfalls, not because Russia may cut off supplies over tensions with the West, the U.S. envoy for Eurasian energy diplomacy said on Friday.

"I don't think it would do that (cut off supplies). It hasn't done that to Western Europe in the past and I don't think it's going to do it intentionally," C. Boyden Gray said.

Posted by coyote on Friday, October 10 @ 17:39:20 PDT (84 reads)
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Will cheap gas mean return to gas-guzzling ways?
Consumption; Demand; Prices

DENVER (AP) — Prices at the pump are dropping fast, and gas could fall below $3 a gallon in a matter of weeks, if not sooner. Does that mean Americans will return to their heedless, gas-guzzling ways?

Experts say no because most drivers assume the dip in prices will be short-lived, and motorists have adjusted their habits accordingly.

Posted by coyote on Friday, October 10 @ 17:36:16 PDT (96 reads)
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Alternative energy outlook clouds up
Hydrocarbon Alternatives

Credit squeeze, falling crude may hamper startups, researcher says

As hot as the alternative energy sector is, the international credit crunch coupled with falling oil prices could squeeze investment, particularly for startup companies, an analyst said Thursday.

"The concept of alternative energy has a lot of momentum," said Dan Pickering, head of research for Tudor, Pickering, Holt & Co. Securities in Houston. "But lower oil prices make it harder to justify investment. At $50 a barrel, a lot of that investment will die."

Posted by coyote on Friday, October 10 @ 17:32:16 PDT (86 reads)
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Alaska pollock fishery near collapse: Greenpeace
Enviromental Headlines; Climate Change

WASHINGTON (Reuters) - Stocks of Alaska pollock, a staple of the U.S. fast food industry, have shrunk 50 percent from last year to record low levels and put the world's largest food fishery on the brink of collapse, environmental group Greenpeace said on Friday.

Taina Honkalehto, a research fishery biologist with the U.S. National Marine Fisheries Service, said pollock biomass in U.S. waters was down to 940,000 tons from 1.8 million tons last year.

Posted by coyote on Friday, October 10 @ 17:22:24 PDT (99 reads)
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Gas price fall may lure travelers off planes
Consumption; Demand; Prices

CHICAGO (Reuters)- So far, U.S. airlines have coped well with a painful economic downturn, but a sharp decline in gasoline prices soon may lure travelers off planes and into cars for short-haul trips.

That would be a departure from a long-held public perception that flying -- while increasingly expensive -- still makes sense because the cost of driving is almost as bad and driving takes longer.

Posted by coyote on Friday, October 10 @ 17:18:22 PDT (65 reads)
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Doubts cloud outlook for Libyan oil bonanza
Production; Extraction; Exploration

RABAT (Reuters) - Majors oil companies are pouring money into Libya, home to Africa's biggest petroleum reserves, but it is unclear whether the desert country can achieve its goal of almost doubling output within four years.

Tripoli wants to increase output to 3 million barrels of crude oil per day by about 2012 from 1.7 million now, raising extra revenues to help rebuild infrastructure that is crumbling after years of sanctions.

Posted by coyote on Friday, October 10 @ 17:14:38 PDT (85 reads)
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Diesel shortages in Western Canada
Consumption; Demand; PricesRepent writes:

CALGARY, Alberta (Reuters) - Planned and unplanned refinery outages have combined to create a shortage of diesel fuel in Western Canada, leaving some truck stops with no supplies, industry officials said.

Among companies with units off line are Petro-Canada (nyse: PCZ - news - people ) , whose Edmonton, Alberta, refinery has been in a major turnaround since this summer, and Suncor Energy Inc (nyse: SU - news - people ), whose oil sands plant is currently pumping none of the fuel, officials with the refiners said.

Posted by coyote on Friday, October 10 @ 17:07:10 PDT (88 reads)
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Old Articles
Friday, October 10
· OPEC May `Tear Apart' If Saudis Shun Supply Cut, Bernstein Says
· Oil plunges to 13-month low on global slowdown
· Credit crunch may hit oil refinery output, trade
· The meltdown's silver lining - cheap oil
· Economic Meltdown in America Saves the World from Peak Oil
· As China slows, commodities may feel outsize pain
· Richard Heinberg: The End of Growth
· US DOT to Establish New National Network of Marine Highways for Cargo
· IEA cuts world oil demand forecast on weak economy
· Oil bulls sharpen horns
· Brown says OPEC output cut would be wrong
Thursday, October 09
· The methane time bomb and the Wall St meltdown
· Carbon tax seen as best way to slow global warming
· It's Time to Prepare for Peak Oil
· Oil price unlikely to derail biofuels boom: Bodman
· Alternative Fossil Fuels Have Economic Potential, Study Shows
· Brazil poised to become oil superpower
· Green Meltdown: Credit Crunch Whacks Renewable Energy, Too
· Big Issue: Energy crisis hitting home
· N.J. vows to 'race to the sea' for wind power

Older Articles
 
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