Moscow Makes New Demands in Ukraine Gas Price Talks

Russia has introduced new demands in sensitive negotiations over the gas price it charges neighbouring Ukraine, a key transit route to Europe, Ukraine’s Energy Minister Yuri Boiko said on Wednesday. The demands come after the Central Asian state of Turkmenistan, from which Russia gets a significant portion of its gas, said it was raising the […]

There’s Oil in That Slime

The 16 big flasks of bubbling bright green liquids in Roger Ruan’s lab at the University of Minnesota are part of a new boom in renewable energy research. Driven by renewed investment as oil prices push $100 a barrel, Ruan and scores of scientists around the world are racing to turn algae into a commercially […]

An Airline Shrugs at Oil Prices

Southwest Airlines, in danger for much of this year of losing its quirky dominance in the domestic airline industry, could soon be standing, once again, head and shoulders above the competition. Better service? Happier and more productive workers? Not this time. The reason for Southwest

A Diary Of The Onset Of The Greater Depression

…For years I have been referring to the Terminal Triangle: Peak Oil, climate change, and global economic meltdown, the latter explained in Danny’s book in terms of the international ramifications of the Greater Depression. And of course, there are “other horsemen” of the apocalypse, as enumerated by Sally Erickson in her recent blog, so I […]

UK: MPs’ warning over tax risk to oil industry

THE Treasury has been warned against further tax raids on North Sea Oil companies after three successive tax rates created a “perception of instability” in the industry. The industry, which employs more than 100,000 people in Scotland, needs a more simple and consistent regime, MPs on the Scottish affairs committee concluded after their 18-month inquiry […]

Gazprom considering selling gas in rubles

NEW YORK, Nov 29 (Reuters) – Russian gas export monopoly Gazprom’s deputy chairman said on Thursday the company is considering selling its gas and oil in rubles, instead of dollars or euros. When asked about the company’s position on the weakening dollar, Deputy Chairman Alexander Medvedev said at a news conference in New York that […]

Shell fire squeezes Alberta’s diesel supply

A fire at a Shell refinery east of Edmonton is partly to blame for a shortage of diesel fuel in Alberta. Flying J Inc., which operates more than 20 diesel outlets in Alberta, said six outlets have run out of diesel and several others list their supply as “critically low.” Flying J partners with Shell […]

Are you driving yourself crazy?

Long commutes to work take heavy mental, physical toll, experts say Commuting can be a pain in the neck — not to mention the back, knees and heart. Ask 65-year-old Ben Hornstein, and he’ll say commuting is bad for health. “It really taxes the mind and the body,” he said. The Concord resident has been […]

State of the Science: Beyond the Worst Case Climate Change Scenario

Climate change is “unequivocal” and it is 90 percent certain that the “net effect of human activities since 1750 has been one of warming,” the Intergovernmental Panel on Climate Change (IPCC) The IPCC’s fourth and final assessment of the climate change problem

John Michael Greer: Lifeboat time

One of the more notable news stories of the last week concerned the fate of M/S Explorer, a cruise ship built for polar seas that turned out to be not quite up to the rigors of the job. Before dawn on November 23, while cruising just north of the Antarctic peninsula, she rammed into submerged […]

Kurdish Ministers Woo U.S. Oil Firms

Two top Kurdish leaders are a long way from the mountains of northern Iraq this week. On Monday night, Omer Fattah Hussain was the toast of a dinner held at the 10,000-square-foot McLean mansion of Ed Rogers, a Reagan White House political director and current chairman of the lobbying firm Barbour Griffith & Rogers. In […]

Negotiators Close In on Energy Measure

Congressional negotiators are nearing agreement on the components of an energy bill that would boost fuel efficiency standards for vehicles and require vast increases in the use of biofuels, according to congressional aides and lobbyists. The auto industry and its champion, House Energy and Commerce Committee Chairman John D. Dingell (D-Mich.), have accepted the target […]

The Epic Battle over Crude Oil and the US$

Why are Ahmadinejad and Chavez laughing? Oil prices are up 56% this year, after nearly reaching $100 per barrel. At the same time, the US Dollar is mired at a 20-year low, with the US economy teetering on the verge of a recession. The US dollar has fallen over 50% versus the Euro since 2002, […]

In Venezuela, petrodollars breed opacity

CARACAS, Venezuela: As petrodollars stream into oil-producing countries, Western officials have begun to demand greater accountability for the way they are spent. Some corruption-plagued states, like Nigeria and Azerbaijan, have heeded the call, increasing financial transparency, or at least paying lip service to it. Hugo Chavez’s Venezuela, however, appears headed in the opposite direction. “We […]

Time To Tap Strategic Petroleum Reserve As Pipeline Explosion Cuts US Supplies

This morning we woke up to the news that a pipeline explosion at Clearbrook, Minnesota cut 1.5 million barrels day of Canadian oil imports. The explosion killed two workers and the price of oil catapulted near four dollars a barrel. The pipeline company said the fire is still burning. A company spokesman advised that “all […]

PetroEcuador President Pareja Is Fired After Protests

(Bloomberg) — Ecuador removed the president of the state-owned oil company after protests in the Amazon region shut down some production. PetroEcuador President Carlos Pareja was fired today and will be replaced by Fernando Zurita, a navy admiral, the government said in a statement. Ecuadorean President Rafael Correa declared a state of emergency for the […]

Wake-Up Call

I’m looking out my window here in southeastern Pennsylvania at a wild cherry tree that, on November 28, is still covered in green leaves. A butterfly bush nearer to the house is still blooming. We have yet to have a “killing” frost this year in this part of Pennsylvania, though just five years ago and […]

Slovak cops: Seized uranium is weapons-grade

3 allegedly sought to sell material, which apparently came from ex-USSR BRATISLAVA, Slovakia – Two Hungarians and a Ukrainian arrested in an attempted sale of uranium were peddling material believed to be from the former Soviet Union, and it was enriched enough to be used in a radiological “dirty bomb,” police said Thursday. The three […]

The Implications of Biofuel Production for United States Water Supplies

In addressing the supply side of oil and gas depletion, much hope has been put into the scaling of ‘biofuels’, by applying new (and old) technologies to annual crops to create ethanol or biodiesel, thus providing chemically viable alternatives to the transportation liquids derived from crude oil. Much of the biofuels debate thus far has […]

U.S. Tells Iran: Become a Nuclear Power

In an op-ed commentary former Secretary of State Henry Kissinger wrote that “for a major oil producer such as Iran, nuclear energy is a wasteful use of resources,” a position later cited approvingly by the Bush administration. But U.S. leaders are engaging in a massive case of collective amnesia, or perhaps more accurately, intentional misdirection. […]

Enbridge says to restart all lines within days

NEW YORK (Reuters) – Enbridge Pipeline said on Thursday it hopes to restart all of its crude oil pipelines within a few days after a fatal explosion in Minnesota Wednesday. “Line 4, a heavy crude line, remains shut down but is expected to return to service later this morning as it has now been confirmed […]

US to order reduced rates on Enbridge oil pipeline

NEW YORK, Nov 29 (Reuters) – The U.S. Department of Transportation will likely order the giant Enbridge pipeline system to run at reduced pressure while an investigation into a deadly blast on the line in Minnesota is conducted.The system, which carries over 1.5 million barrels per day of Canadian crude oil into the United States, […]

Cuter Scooter Defined By Electricity, Portability

It’s energy efficient, it’s clean, compact and simple, and, above all, it’s very cool. All of these factors could be significant in getting people to adopt a lightweight, electrically powered scooter designed by William J. Mitchell, the Alexander W. Dreyfoos Professor of Architecture and Media Arts and Sciences, and several of his students in MIT’s […]

DOE could tap oil reserve after fire

The government said Thursday it is prepared to tap emergency crude-oil stockpiles to mitigate the effects of a pipeline disruption in the Midwest. One of four lines owned by Enbridge Energy Inc. that carries crude oil from Canada to the Chicago area ignited late Wednesday, killing two workers and prompting the shutdown of three other […]

Analysis: Kirkuk project battle heats up

LONDON, Nov. 28 (UPI) — Iraq’s Oil Ministry is accusing the Kurdistan region of preventing development of one of Iraq’s oldest, largest and most controversial oil fields, another dispute in the battle over control of the country’s vast reserves. While the rift has been public, the issue of the Kirkuk oil field project is starting […]

Venezuelan leader’s power play has echoes of Castro

…”Venezuela is going to be a big, big headache” for Washington if Chavez wins the referendum, says Javier Corrales, a political science professor and Chavez watcher at Amherst College. Corrales says an emboldened Chavez could drive up energy prices through his control of Venezuela’s oil industry, refuse to cooperate with U.S. anti-drug efforts and undermine […]

Is alcohol the energy answer?

It doesn’t take a rocket scientist to figure out how to free America from the grip of high-priced oil imports. Or does it? Rocket scientist Robert Zubrin lays out the case for an alcohol-based fuel economy in a new book titled “Energy Victory” The concept behind

BP to plead guilty to environmental crime

Photo shows 7-inch layer of dull black sludge caking bottom of a pipeline ANCHORAGE, Alaska – The Alaska subsidiary of oil company BP PLC is scheduled to plead guilty to an environmental crime on Thursday, and federal prosecutors have released new photos showing the company’s failure to clean out the pipelines at the nation’s largest […]

Roadside Solar Panels New Theft Target

It seems that even crooks have jumped on the renewable energy bandwagon. The Oregon State Police says about a half-dozen solar panels have been stolen in the past year from changeable message signs. Those are the kind that warn drivers about things like icy roads or construction zones. The solar panels allow the signs to […]

Bite of high oil prices only beginning

Think oil prices are high now? According to geologist Kenneth Deffeyes, we should be thankful for low oil prices. The really high prices are yet to come. Deffeyes, author of A peak in world oil production means that about half the recoverable oil has been used, and the rest will be harder (and more expensive) […]

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