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a community peak oil portal
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| Nuclear Power Back on German Political Agenda |
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The industry is growing globally and other European nations including Britain and Finland are reviving nuclear. But Germany -- where about half the power comes from coal -- has so far stuck to a 2001 law to phase out nuclear reactors by 2021.
The ground is shifting, however: oil prices which have risen fivefold since 2001, fears about energy supply security and the need to curb carbon dioxide emissions have boosted support for nuclear in Europe's biggest energy-consuming state.
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| U.S. to limit oil development in polar bear habitat |
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The U.S. Interior Department will designate within two years protected areas of the Arctic that are considered critical habitat for polar bears and cannot be harmed by oil development as part of a legal settlement with environmental groups on Monday.
The Interior Department formally listed polar bears as threatened in May, but did not create protected areas for them.
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| India sees solar energy as an option to reduce the energy crisis |
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According to the United Nations Human Development report, India suffers a huge power deficit with over 400 million of its billion-plus people having no access to electricity.
Considering this, the scientists believe that government should concentrate on tapping the conventional sources of energy like wind and solar energy to meet the country's immediate energy requirements.
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| Sell-off continues in solar sector |
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The rising cost of debt and potentially less generous subsidies in Europe exacerbated what had been part of a broader Wall Street sell-off for the solar sector Tuesday.
Goldman Sachs Global Investment Research said it was moving to a more cautious outlook on the sector.
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| Russia to delay construction of proposed gas pipeline to China |
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Russia will delay the construction of proposed gas pipeline to China due to competition from other gas sources in the Chinese market, the official Xinhua News Agency reported, citing Russian media.
The Altai gas pipeline project, designed to ship 30 bln cubic meters of natural gas per year from western Siberia to China, was excluded from Russia's recently released blueprint for gas industry development through 2030, the agency said.
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| Tata at a fork in the road |
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On October 3, India's Tata Group officially pulled out its $340 million "world's least expensive car ever made" Nano project from West Bengal state in eastern India, a troubled decision that industry body the Associated Chambers of Commerce and Industry of India described as "as the most unfortunate happening in the arena of industrial activity in the 21st century".
"A bit far-fetched, that," economic historians will no doubt snort, but the Tata Motors pullout has painfully ended one of the sorrier sagas in recent Indian political and business history, marring the remarkable story of the 140-year-old behemoth Tata Group, whose fortunes reflect the growth of modern India.
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| Cramer: Dow Could Drop Another 14%, Oil's Going to $50 |
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Carlhole writes: By Jim CramerWhat will New York look like a year from now? The answer: bad and probably worse, and perhaps downright catastrophic. Three degrees of awful. The first step was passing the bank-bailout legislation. Now that it’s done—and if it didn’t get done we would have been looking at a guaranteed economic collapse—the critical issue will be presidential leadership. And while any president will be an improvement over the current one, there is a growing belief on Wall Street that Barack Obama has the capacity to lead us out of this wilderness while John McCain does not. I’ll go a step further: Obama is a recession. McCain is a depression...
At this time next year, I could see the Dow as low as 8,300. That’s more than 40 percent off its October 2007 high of 14,164.
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| Seas turn to acid as they soak up CO2 |
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The Bay of Naples is renowned for its breathtaking beauty and glittering clear waters. For centuries, tourists have flocked to the region to experience its glories.
But beneath the waves, scientists have uncovered an alarming secret. They have found streams of gas bubbling up from the seabed around the island of Ischia. 'The waters are like a Jacuzzi - there is so much carbon dioxide fizzing up from the seabed,' said Dr Jason Hall-Spencer, of Plymouth University. 'Millions of litres of gas bubble up every day.'
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| Russian Oil Companies Seek State Loans, Lukoil Says |
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(Bloomberg) -- Four of Russia's biggest energy companies have asked the government to approve state loans for refinancing debt, said a spokesman for OAO Lukoil, the country's second-biggest oil producer.
Lukoil is seeking between $2 billion and $5 billion to refinance loans, spokesman Dmitry Dolgov said by phone in Moscow today. The other three companies are OAO Gazprom, the world's biggest natural-gas company; OAO Rosneft, Russia's largest oil producer; and TNK-BP, BP Plc's 50 percent Russian venture.
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| U.S. announces 'Biofuels Action Plan' |
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 WASHINGTON, Oct. 7 (UPI) -- U.S. government officials have released the National Biofuels Action Plan, an interagency plan to accelerate development of a sustainable biofuels industry.
U.S. Department of Agriculture Secretary Ed Schafer and Department of Energy Secretary Samuel Bodman said the plan is in response to President George Bush's goal of cutting U.S. gasoline consumption by 20 percent in the next 10 years.
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| Climate change seen aiding spread of deadly diseases |
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 BARCELONA, Spain (Reuters) - A "deadly dozen" diseases ranging from avian flu to yellow fever are likely to spread more because of climate change, the Wildlife Conservation Society said on Tuesday.
The society, based in the Bronx Zoo in the United States and which works in 60 nations, urged better monitoring of wildlife health to help give an early warning of how pathogens might spread with global warming.
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 DOWN $US10 a barrel one night, up $US4 a barrel the next. Week after week, oil has been unpredictable; you might even say irascible.
Futures contracts were changing hands at $US147 a barrel in July; now analysts are talking somewhere around $US85 as a floor in the coming months. No one really knows for sure, which doesn't do anything to ease investor concern.
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| How Much Oil is Actually Left On This Planet? Should We Care? |
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 According to Dr. Peter McCabe, a world-renowned scientist currently working at CSIRO in Australia, any realistic analysis of future energy sources can only conclude that, barring some complete and miraculous harmony between all the world’s economic superpowers, fossil fuels will dominate our energy mix for at least the next few decades — and we should just accept it.
To get a perspective on where Dr. McCabe is is coming from, it struck me that he is a man who thinks in terms of quadrillions of BTUs and exajoules of energy. His views come from an analysis of global markets and global energy use. To him it probably seems that a grassroots coordinated global effort is beyond the reach of humanity.
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| US oil production at lowest level since 1946-gov't |
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 WASHINGTON, Oct 7 (Reuters) - U.S. crude oil production this year is expected to fall below 5 million barrels per day for the first time since shortly after World War Two, the government's top energy forecasting agency said on Tuesday.
The lower output is due to hurricanes Gustav and Ike, which at one point shut in almost all the 1.3 million barrels a day in oil production in the Gulf of Mexico, according to the U.S. Energy Information Administration.
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| Coal-fired power generators face new threat from EU carbon emissions curb |
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 The future of coal-fired power generation in Europe was called into question yesterday after the European Union backed new laws that would force power companies to pay for all of their carbon dioxide emissions from 2013.
The decision, which could cost the power industry €30 billion (£23 billion) a year and could trigger a steep rise in electricity bills, represents a huge boost for Europe’s renewable energy industry. It also casts fresh doubt over the likelihood of a new £1.5 billion coal-fired power plant being built at Kingsnorth, Kent, by E.ON, the German power group.
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