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a community peak oil portal
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| EU's Piebalgs Seeks Political Push For Nabucco Gas |
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The European Union must reduce its dependence on Russian energy supplies by accelerating the planned Nabucco pipeline to bring gas from central Asia, says the EU's energy chief.
The EU is heavily reliant on Russian gas, but it has been pushing for the $12-billion Nabucco pipeline since disputes between Russia and transit states like Ukraine highlighted the frailty of its energy supply routes.
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| Beijing Contradicts Baghdad, Says Oil Deal Still Being Negotiated |
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China says a multi-billion dollar oil deal with Iraq is still being negotiated. This contradicts reports last week from Iraqi officials, who said the deal had been signed. Daniel Schearf reports from Beijing.
China's Foreign Ministry on Thursday said negotiations with Baghdad to exploit an Iraqi oil field continue.
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| IATA: global airlines to lose $5.2 billion in 2008 |
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The global airline industry is expected to pose losses of 5.2 billion U.S. dollars in 2008 due to high oil prices and falling demand, the International Air Transport Association (IATA) said on Wednesday.
"The situation remains bleak. The toxic combination of high oil prices and falling demand continues to poison the industry's profitability," IATA Director-General and CEO Giovanni Bisignani said in a statement.
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| Lack of power and water cap Namibian uranium output |
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A shortage of energy and water will cap future uranium mine expansion in Namibia, but the country hopes to ease the bottlenecks through desalination and a new coal-fired power plant, an industry body said on Wednesday.
The government has issued some 50 exclusive prospecting licenses for more uranium mining firms, but output of uranium is dependent on the availability of water.
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| UK Approves Building of Major Offshore Wind Farm |
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The British government has approved construction of a 500-megawatt offshore wind farm in Cumbria, northwest England, the government said on Thursday.
It said the Duddon Sands farm, planned near Walney Island off the coast of Barrow-in-Furness, was one of the country's three largest offshore wind farms approved so far. It would comprise up to 139 turbines.
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| Australia: Power prices up 40% under climate plan |
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Electricity prices will increase by 40 per cent by 2020 under economist Ross Garnaut's greenhouse target.
Professor Garnaut has recommended the nation cut emissions by 10 per cent in 12 years' time, in his latest report.
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| Asian soot, smog may boost global warming in US |
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Smog, soot and other particles like the kind often seen hanging over Beijing add to global warming and may raise summer temperatures in the American heartland by three degrees in about 50 years, says a new federal science report released Thursday.
These overlooked, shorter-term pollutants — mostly from burning wood and kerosene and from driving trucks and cars — cause more localized warming than once thought, the authors of the report say. They contend there should be a greater effort to attack this type of pollution for faster results.
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| Palm oil firms' moratorium rejection threatens orangutans: activists |
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A decision by Indonesian palm oil companies to reject a moratorium on land clearing is threatening to wipe out more than 8,000 orangutans in the next three years, activists said Thursday.
The decision last week to reject the moratorium call by Greenpeace means there is no effective mechanism for protecting thousands of orangutans living outside conservation areas, said Novi Hardianto from the Centre for Orangutan Protection (COP).
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| No Hope for a Sensible Energy Policy |
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Graeme writes: The presidential candidates' implausible plans to end our dependence on oil.
I have bad news for all those who think that the retirement of George W. Bush will somehow initiate a golden--or green--age in America. It won't. Just take a close look at the promises being made by the two men who have now been formally nominated as their parties' standard bearers in the fight to control the White House.
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| As prices plunge, OPEC faces dilemma on oil production |
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NEW YORK: The decline in oil prices in recent weeks has been a welcome relief for consumers and a rare piece of positive news in an otherwise bleak economic landscape. But for oil producers, increasingly accustomed to rising revenues, falling prices are fast turning into a cause for concern - if not quite panic.
Oil prices have fallen by a third in the past seven weeks and are headed for a drop below the symbolic $100 threshold for the first time since March. Though not a full-blown collapse, the speed of the decline is prompting some soul-searching within the OPEC oil cartel.
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| Amid bluster over energy, Senate cuts a deal |
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GOP gets some drilling, nuclear, Democrats get wind, solar incentives
High energy prices have become a bitterly contested political issue. Republicans are bashing Democrats for standing in the way of drilling for more oil and gas at home, while Democrats retort that their rivals are misleading the American public by saying that such drilling would significantly lower prices. Yet amid the partisan bomb-throwing over America's future energy policy, Washington is actually making a rare effort to forge a compromise.
Over the summer a group of five GOP and five Democratic senators, dubbed the Gang of 10, hammered out a comprehensive energy proposal. And now, after taking withering heat from both left and right, the idea is gaining support.
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| California ''water bank'' in works amid drought |
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 SAN FRANCISCO (Reuters) - California's state government is forming a "water bank" to buy water for local water agencies at risk of shortages next year should a current drought persist, Gov. Arnold Schwarzenegger said on Thursday.
Schwarzenegger in June declared the most populous U.S. state to officially be in drought and declared nine counties in its farm-rich Central Valley to be in a state of emergency because water supplies were so low after two years of below-average rainfall.
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| Localized Pollution Potentially Plays Large Role in Future Climate Change |
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 Short-lived gases and particle pollutants — which stay in the atmosphere for just days or weeks — have a greater influence on Earth’s climate than previously thought, according to a new NOAA-led report released today as part of the series of Synthesis and Assessment Reports coordinated by the U.S. Climate Change Science Program. The report also says that while these pollutants are generated locally they will have global climate implications.
Such short-lived pollution includes black carbon (soot), low-altitude ozone, nitrates and sulfates. Each type of pollution influences surface temperatures differently — from the cooling influence of sulfate particles, which tend to reflect sunlight, to the warming characteristics of heat-absorbing black carbon.
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| Honda to show new hybrid car at Paris auto show |
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 TOKYO (Reuters) - Honda Motor Co will unveil a prototype of its eagerly awaited low-cost hybrid car due for launch in early 2009 at the Paris auto show next month, Japan's No.2 automaker said on Thursday.
The five-door, five-seater compact hatchback -- Honda's second attempt at a dedicated hybrid car after it discontinued production of the two-seater Insight in 2006 -- will also be called Insight.
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| U.S. must increase nuclear power-Energy Minister |
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 LONDON, Sept 4 (Reuters) - The United States needs to start generating more of its power from nuclear energy, but will still have to rely on coal and oil for the foreseeable future, the U.S. Assistant Secretary for Nuclear Energy said on Thursday.
Dennis Spurgeon told a nuclear energy industry conference in London that the era of cheap oil was over and action was needed to tackle an "energy crisis" facing the United States.
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