Natural Gas: Powering the Dubai Overshoot

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Scientist: U.S. effort on climate ineffectual

Prominent climate scientist James Hansen on Monday dismissed President Barack Obama’s recent pledge that the United States would cut its carbon dioxide emissions as

Big freeze plunged Europe into ice age in months

In the film, ‘The Day After Tomorrow’ the world enters the icy grip of a new glacial period within the space of just a few weeks. Now new research shows that this scenario may not be so far from the truth after all. William Patterson, from the University of Saskatchewan in Canada, and his colleagues […]

Peak Oil: The Eventual End of the Oil Age

The Industrial Revolution changed the fundamental organization of human societies. Agrarian communities became eclipsed by modern industrial cities. Transportation, industry, agriculture, communications, leisure, services, and nearly every facet of daily life have been revolutionized by the harnessing of fossil fuels. Currently, living a typical modern lifestyle is more dependent upon the combustion of hydrocarbons in […]

Antarctic melt may push sea levels to 1.4 metres: study

PARIS But studies since then show huge loss of ice mass, mainly as a result of warmer ocean temperatures, according to the review by more than 100 experts on the Scientific Committee on Antarctic Research. The new evidence suggests that West Antarctica in particular will add “tens of centimetres” to the global ocean watermark, which […]

Dec. 1, 1942: Mandatory Gas Rationing, Lots of Whining

1942: Nearly a year after the Japanese raid on Pearl Harbor that brought the United States fully into World War II, the Americans get around to imposing nationwide gasoline rationing. A fuel shortage was not the problem. America had plenty of that. What it lacked was rubber. Both the Army and Navy were in desperate […]

U.S. Navy Prepares for Militarization of Arctic

While hoping for a future of cooperation with other nations, the U.S. Navy is simultaneously planning for potential combat situations that may arise once global warming has melted the Arctic Ocean Rob Huebert, associate director at the Centre for Military and Strategic Studies at the University of Calgary, told the Ottawa Citizen:

Defense Solutions Holding, Inc. / DFSH Building Opportunity to Contract in Iraq

EXTON, Pa., Nov. 30 /PRNewswire-FirstCall/ — Defense Solutions Holding, Inc., announced today that it is expanding operations in Iraq to assist other American firms to contract directly with commercial and government organizations in Iraq. “Iraq is a country of 30 million people sitting on 22% of the world’s oil. Iraq needs virtually everything,” said Defense […]

Equatorial Guinea: Ruler beset by corruption and abuse wins new term

Possibly the least surprising result in a year of predictable elections in Africa was another victory for Equatorial Guinea’s Teodoro Obiang Nguema Mbasogo. It was another election in which the voters had a gun held to their heads …The electoral charade confirms another seven-year term for Obiang, whose government is rated by Human Rights Watch […]

U.S. Sept oil demand estimate cut 2.7 pct

WASHINGTON (Reuters) – U.S. oil demand in September was 2.74 percent less than previously estimated, the government said on Monday, dampening the outlook for a strong recovery in petroleum consumption. September U.S. petroleum consumption was lowered 518,000 barrels per day to 18.362 million bpd, the Energy Information Administration said in its monthly petroleum supply report. […]

Nuclear fuel: are we heading for a uranium crunch?

AS THE world prepares for the largest investment in nuclear power in decades, owners of uranium mines last week raised the prospect of fuel shortages. To make things worse, the reliability of estimates of the amount of uranium that can be economically mined has also been questioned. Volatile oil and gas prices, along with the […]

Climate change in Kuwait Bay

Since 1985, seawater temperature in Kuwait Bay, northern Arabian Gulf, has increased on average 0.6 Dr Al-Rashidi argues that regional warming could also have strategic implications: “Kuwait is dependent on desalination plants for its fresh water, and at temperatures over 37-38

Energy projects limit role of foreign firms' U.S. units

The Energy Department is preventing U.S. subsidiaries of foreign corporations from full participation in a $400 million program designed to develop “transformational” technologies. Affected companies including giants such as Siemens and Philips complain that the policy exceeds the requirements of the “Buy America” provision of this year’s stimulus legislation. They say it will deprive the […]

Tata says plans Nano hybrid cars – paper

SEOUL (Reuters) Tata Motors, India’s biggest vehicle maker, saw the car industry’s future lying in economic-friendly models, the daily said. Ratan Tata did not elaborate on the possible launch of cheap hybrid versions. The Nano, at about $2,000 per unit, was first delivered in India in July. Reuters

Oil prices spike after Iran seizes yacht

Oil prices jumped Monday after Britian said a racing yacht carrying five U.K. nationals had been stopped by Iranian naval vessels and that they are now being held in Iran. Crude climbed $1.40 to $77.45 a barrel on the New York Mercantile Exchange after being mostly flat for much of the session. British officials said […]

Peak Oil Social Economic Political Financial Impacts – Colin J Campbell

…A debate rages as to the precise date of peak oil production, but in general it is undeniable that the Second Half of the Oil Age now dawns. The high oil prices, combined with the extreme distortion of the financial system, has led to what may prove to be the World The precise timing of […]

Natural Gas Glut Overwhelms Speculators, Defies Rally

(Bloomberg) — When Qatar Rising supplies threaten to hurt the record-large $4.2 billion bet in the U.S. Natural Gas Fund LP, while traders hold 51 percent more options contracts to buy gas than they do to sell. The International Energy Agency warned of a glut that Qatar

Iran

(AXcess News) – One bonus of the global recession is that it wiped a lot of incompetent hedge fund managers and energy speculators from the canyons of Wall Street. As the Gordon Gecko sycophants regroup and look for the next Big Thing, maximizing profit while minimizing risk, the landscape looks very different than it did […]

Review: Energy Crisis

Energy Crisis: Solution from Space, by Ralph Nansen Interest in space-based solar power (SBSP) has been cyclical over the last 40 years. The first wave of interest came in the late 1960s through the SBSP is not without its detractors, though. Some argue that the technology needed for a large-scale SBSP system doesn

Reversal Haunts Federal Health Agency

Earlier this month, a federal health agency backed away from its earlier findings that decades of explosive detonations by the Navy on the Puerto Rican island of Vieques posed no health hazards to residents. It was the second time this year that the agency, the Agency for Toxic Substances and Disease Registry, changed its mind […]

Tree Harvester Offers to Save Indonesian Forest

TELUK MERANTI, Indonesia The leaks were evident to a family of fishermen from this village, just south of the peninsula, as they paddled up a creek in a dugout canoe.

Protecting the Forests, and Hoping for Payback

SISTERS, Ore.

International Energy Agency calls 'Peak' on OECD Oil Demand

In World Energy Outlook 2009, the International Energy Agency seems to have dropped a bombshell that has been quietly (and politely) ignored. In their main ‘reference scenario’, the IEA forecasts that OECD demand has already peaked – it never recovers the levels seen before the oil price spikes and financial crisis unfolded. In recent editions […]

Inflation fuels Pakistan dissatisfaction with govt

RAWALPINDI, Pakistan The rupee has depreciated by 35 percent in the last year while electricity, gas and petrol prices have doubled in the last two. The country faces a crippling energy crisis, producing only 80 percent of its power needs, causing debilitating blackouts and suffocating industry. Price hikes and shortages of essential items such as […]

The Vicious Competition For Peak Oil

There has been a heated argument for the last several years about when the world will start to run out of oil. The rate of oil production, after more than a century of drilling, may have already peaked or it may peak in a decade. Everything in oil production will be downhill after that. The […]

EU: Somali pirates seize tanker of crude oil heading to the US from Saudi Arabia

NAIROBI, Kenya The shipping intelligence company Lloyd’s List said the Maran Centaurus is a “very large crude carrier, with a capacity of over 300,000 tons.” Officials could not immediately say how many barrels of oil were on board, but its value would be in the millions of dollars. Pirates have increased attacks on vessels off […]

The new politics of the global energy crisis

The events currently tearing the Liberal Party apart are indications of the new politics emerging out of the global energy crisis. Australia, with the highest per capita carbon emissions and heavy reliance on cheap fossil fuels, is ahead of the pack as the As such, the ETS is just the beginning of the great changes […]

Arctic ice meltdown remains severe: report

Studies suggesting the Arctic sea ice has made a modest recovery following its record-setting retreat in 2007 are misleading and underestimate the severity of the polar meltdown, says one of Canada His findings, to be published in the journal Geophysical Research Letters, suggest a transformative change in Arctic ecosystems is accelerating and that safe shipping […]

Dubai Woes Give China Chance to Buy Oil, Gold: Report

BEIJING (Reuters) – Dubai’s debt crisis could be China’s opportunity to snap up gold and oil assets, a senior Chinese official said in remarks published on Monday. China’s $2.27 trillion in foreign exchange reserves are mostly parked in U.S. treasuries, despite calls from some in China to invest the reserves in oil and other natural […]

Iran restructuring its naval forces

Iran has reorganized its naval forces to give operational control of the strategic Persian Gulf and Strait of Hormuz to the naval component of the Islamic Revolutionary Guard Corps, the paramilitary organization that is playing an increasingly central role not only in Iran’s military but also its political and economic life. Politically favored over Iran’s […]

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LATEST NEWS HEADLINES

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• US Warship, Commercial Ships Under Attack In Red Sea