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a community peak oil portal
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| Automakers can't afford to develop hybrids |
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LOS ANGELES — The arrival of more fuel-efficient cars and trucks promising cleaner air and more energy independence is being set back as automakers worldwide scramble to hoard cash in an industry meltdown.
Carlos Ghosn, CEO of Japan's Nissan Motor and France's Renault, on Wednesday warned that automakers "can't find the financing" for aggressive development of so-called green cars.
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| America’s First Green President? |
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tulipo writes: The world expects Barack Obama to do more for the climate and the environment than George W. Bush. But can the next president of the United States deliver climate friendly energy and environment policies in the depths of a recession?
Will Barack Obama kick America’s addiction to oil and use renewables to protect what he calls a “planet in peril”? Will the next U.S. President commit his country to the battle against climate change?
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| Google CEO Schmidt lays out U.S. energy ideas |
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 WASHINGTON (Reuters) - The United States should use part of any future economic stimulus package to connect wind turbines and solar energy to the nation's electricity grid, said Google Inc Chief Executive Eric Schmidt, an advisor to President-elect Barack Obama.
In a wide-ranging speech, Schmidt, who has been mentioned as a candidate to become Obama's chief technology officer, argued on Tuesday that the United States should begin investing heavily in bringing wind and solar power into the mainstream.
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| Concerns emerge about environmental effects of wave-energy technology |
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 Tapping the power of waves and tidal currents to generate electricity is promoted as one of many promising alternatives to the fossil fuels that contribute to global warming.
But no one knows exactly how the technologies will behave in the water, whether animals will get hurt, or if costs will pencil out. The permitting process is expensive and cumbersome, and no set method exists for getting projects up and running.
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| Canada wants North America cap-and-trade system |
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 OTTAWA (Reuters) - Canada's Conservative government, shifting positions in the wake of Barack Obama's election as U.S. president, said on Wednesday that it would work to develop a North America-wide cap-and-trade system to limit emissions of greenhouse gases.
The Conservatives, who walked away from the Kyoto protocol on climate change after taking power in 2006, have until now focused on cutting the intensity of emissions rather than imposing outright curbs.
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| A sea of unwanted auto imports |
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LONG BEACH, California: Gleaming new Mercedes cars roll one by one out of a huge container ship here and onto a pier. Ordinarily the cars would be loaded on trucks within hours, destined for dealerships around the United States. But these are not ordinary times.
For now, the port itself is the destination. Unwelcome by dealers and buyers, thousands of cars worth tens of millions of dollars are being warehoused on increasingly crowded port property.
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| Crown Estate plans tidal power future in Scotland |
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 Developers have a month to apply for licenses to install marine power stations in the area around Pentland Firth
The Crown Estate has invited proposals from developers to install the UK's first commercial marine power sites in the area around Pentland Firth in north Scotland.
This first round of development is intended to generate 700MW of clean electricity from wave and tidal sources by 2020.
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| U.S. intel office adds warming to warnings |
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 Report looking out to 2030 cites danger of water, food shortages
A U.S. intelligence report coming out Thursday — and likely to grab President-elect Barack Obama's attention — is adding a new variable to the "traditional" mix of factors expected to destabilize the world into the near future.
Issued by the National Intelligence Council, the "Global Trends 2025" report includes warnings tied to climate change, the man behind the report said this week and in recent speeches.
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| Use flower power to save Europe's bees: EU lawmaker |
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 STRASBOURG, France (Reuters) - Honey bees, whose numbers are falling, must be given flowery "recovery zones" in Europe's farmlands to aid their survival, a leading EU lawmaker said Wednesday.
Bees pollinate numerous crops and scientists have expressed alarm over their mysterious and rapid decline. Experts have warned that a drop in the bee population could harm agriculture.
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| Oil could fall to $40/bbl in 2009: Deutsche Bank |
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 NEW YORK (Reuters) - Oil prices could fall to as low as $40 a barrel next year as more efficient refining capacity comes online and production costs for some regions fall, Deutsche Bank said in a Wednesday research note.
"The most underappreciated issue is the combination of poor demand with major new refining capacity additions and the extent to which that will undermine light sweet crude prices," the bank said in the note outlining the downside risk to its 2009 oil forecast.
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| U.S. Fuel Use in First 10 Months Fell Most Since 1981, API Says |
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(Bloomberg) -- U.S. fuel demand fell 5.2 percent in the first 10 months of this year, the biggest drop since 1981, the American Petroleum Institute said.
Deliveries of petroleum products, a measure of consumption, averaged 19.6 million barrels a day in the period, down from 20.7 million barrels a day a year earlier, according to a report from the industry-funded API.
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Matt Simmons spent his career in the oil business. He was such an oil insider he helped the Bush campaign’s comprehensive energy plan in the 2000 election. For over 35 years his investment bank, Simmons & Co., has financed much of the United States oil services industry.
Simmons changed from an industry expert to an A-list pundit by his book in 2005 “Twilight in the Desert: The Coming Oil Shock and the World Economy,” The book points out that Saudi Arabia’s oil supplies are much more limited than they claim.
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| Leadership panel backs Waxman for energy chairman |
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WASHINGTON (AP) — Rep. Henry Waxman of California won backing from a House Democratic leadership panel Wednesday to replace veteran Rep. John Dingell as chairman of the committee with oversight of energy and global warming.
Waxman won a 25-22 vote in the Democratic Steering and Policy panel, which is packed with allies of House Speaker Nancy Pelosi, D-Calif., a rival of Dingell. The panel also is dominated by more liberal members who are ideologically in tune with Waxman.
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| Fort Hills oilsands partners set to squeeze costs: mine delayed |
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quizz writes: So far, the partners have spent $1.7 billion on Fort Hills. They previously aimed to make an investment decision by the end of this year, but now expect to do so for the mine in 2009.
Camarta said the reasons for the delay should be obvious.
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| Ethanol's troubles have sapped the dreams of an Indiana town |
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Reporting from San Pierre, Ind. -- The air smells clean and sweet off the sprawling corn and spearmint fields, but for this unincorporated town of 156, it is the smell of failure: the failure to reap the rewards of the ethanol boom.
Construction crews were scheduled to start digging up the sandy soil next spring to make way for an ethanol distillery plant in San Pierre. The plant promised to revive the town's economy, bring high-paying jobs to one of Indiana's poorest counties and double its tax rolls, a scenario that has played out repeatedly in struggling towns across the Midwest over the last three years.
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