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Links Oil Rises as Travel Concerns Ease We'll need more ethanol in the future
The tipping point is here High oil prices due to low output One Ring to Rule Them Heated debate over the warming of the planet An Inconvenient 'Incovenient Truth' Truth If Not Supply-Demand, Then What?? Discussion: Alternative Forms Of Energy A shift in forces pushing oil prices higher When Everybody Says Oil Is Going Up... Lost in the Green wilderness More bad news at the pump Horses to fission Sip a Hydrocarbonized Big Gulp While You Can The world enters crisis overload
The Threatening Deflation-to-Stagflation Scenario The New Frontier Power systems under stress
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Peak Oil News Friday August 11th 2006
Air travel on both sides of the Atlantic Ocean was disrupted yesterday after U.K. authorities arrested 24 men they said were planning to blow up planes from London to the U.S. British Airways Plc, Europe's third-largest airline, said it plans to operate a ``near-normal'' schedule today. Heathrow, Europe's busiest airport, returned to almost regular operations today, said Tony Douglas, a managing director at the airport. 
The issue of ethanol as a suitable fuel for our vehicles is not over. However, let us hope that the Pen-Mar/Letterkenny Industrial Development Authority version of that discussion is over. I suspect that Pen-Mar or some similar corporation will be back soon. Our future energy needs will almost certainly require alternative fuels for our transportation needs. Ethanol can help meet that need.
When all the factions of the New World Order unify behind a major geopolitical event, it usually signals disaster. These significant moments usually come when there is unanimous elite support for violent, large-scale criminal activity. September 11 and the birth of the "war on terrorism" was one such moment, as was the invasion and occupation of Afghanistan that followed.
It is true that oil prices are largely set at an international level. The rising cost of petrol at the pump in any country reflects the rise in the price of crude oil on the New York Mercantile Exchange (NYMEX), where the futures contract for “light sweet crude” has gone up from about US$20 a barrel at the end of 2001 to just over US$75 a barrel.
The wholesale destruction of all of Lebanon by Israel and the US Pentagon does not make any sense. Why bomb roads, bridges, ports, fuel depots in Sunni and Christian areas that have nothing to do with Shiite Hizbullah in the deep south? And, why was Hizbullah’s rocket capability so crucial that it provoked Israel to this orgy of destruction?
Australia's internationally known veteran of the anti-nuclear movement, Helen Caldicott, takes the stage with Australian Conservation Foundation head, Ian Lowe, and urban policy academic, Brendan Gleeson, to discuss the battle of ideas in the climate change debate.
This year’s movie, "An Inconvenient Truth," is a most persuasive appeal to recognize global warming as a crisis literally off the charts. The film's star Al Gore and his team have also done a good job of debunking the "confusionist" effort to downplay climate change that strives to maintain the status quo. However, Gore’s effort is also part of an attempt to hijack the growing concern over the greenhouse effect.
Everyone knows that gas prices have gone up in recent years. And most people - especially those who follow the news - would have a quick reply if they were asked why gas has gone higher. Virtually all such answers would fall into two categories: demand (China's economy!) and supply (Peak Oil!) Yet the fact is, crude oil price increases have nothing have had nothing to do with supply and demand. The wealth of data on the Energy Information Administration's Web site should make this clear to any literate person.
Congressmen and international officials met Thursday to discuss alternatives forms of energy to help curb the United States and the world's reliance on oil as a main form of energy. Congressmen Curt Weldon and Roscoe Bartlett along with Brazil's minister of the environment, Carlos Alfredo Lazary Teixeira and others spoke on using alternatives to oil such as renewable resources and nuclear power and the fact that energy problems lead to diplomatic problems.
It's elementary economics: Price is driven by supply and demand. Changes in either one can push the price of a commodity up or down. But there can be big differences in the result, depending on which one - supply or demand - is doing the pushing. Case in point: crude oil.
A contrarian investor recognizes that when most people think the market is going to do one thing, it's time to start thinking the opposite is about to happen. So, with the high price of crude oil back in the news - thanks to BP shutting down its oil field in Alaska and the continuing conflicts in the Middle East - Bob Prechter focuses on the opposite.
Here's an exercise for the Green Party caucus. Go to Te Papa and find the "talking poles". They're an attempt to capture the diversity of the New Zealand public's views on the Treaty of Waitangi. The poles are actually pretty tame. Examples of the vicious racism many New Zealanders are still prepared to voice in private have not been included in the Treaty exhibit.
Oil giant BP indefinitely shut down a crucial Alaskan pipeline Monday, sending crude oil prices soaring more than $2 a barrel and causing widespread concern about more record-high gas prices. The disruption in supply could last for months although President George W. Bush opened the door to releasing the government's emergency supplies. California, which gets about one-fifth of its gasoline from Alaska, could feel the impact at the pump where prices are already among the nation's highest.
"Sometime ago I addressed the topic of peak oil and expressed the concern that the days of cheap oil and gas are gone. Today the pundits are predicting US$100 per barrel for oil in the near future and if, say, the Ghawar oil field in Saudi Arabia were to fail (it is already being pumped with sea water) the price could go to an unimaginable US$500!"
Last summer, a new gasoline station opened in South Elgin, Ill., an old farming village on the Fox River that's now being swallowed by the westward sprawl of Chicago. As service stations go, it's an alpha establishment. A $3 million Marathon outlet with 24 digital pumps, a computerized carwash, a Goodfella's sandwich shop and a convenience store lit up like an operating room, it sells everything from ultra-low sulfur diesel to an herbal "memory enhancer" to Krispy Kreme doughnuts. Infrared sensors activate the faucets in its immaculate, white-tiled bathrooms. The coffee kiosk's floor is real hardwood.
A deadly combination of heat and drought is slowly wreaking a trail of devastation across much of the globe, and the full extend of this scourge will only be felt as winter nears. The current phenomenon took meteorologists by surprise as it was unusually global in its reach. Like Murphy's Law, everything that could go wrong did. Nourishment for winter burnt up under an unusually fiery weather, along a food chain that progressed from withered wheat crops to cattle that were hastily sold off for lack of grazing grounds.
Two leading indicators of economic health, retail sales and housing starts, generated signals in June (as reported in late July) warning of a coming recession. Specifically, the June, 2006 numbers reflected a 1.2% annualized real (inflation adjusted) second quarter retail sales contraction and the annual retail sales growth rate moved below the 1.8% "fail safe level" as reported by John Williams, Shadow Government Statistics, July 24, 2006.
As an unusually long and sweltering heat wave enveloped the traditionally mild San Francisco Bay Area, power outages knocked out air conditioning, and gas prices under $3.00 a gallon seemed like leisure suits or vinyl LPs, relics of a long forgotten era, those who have been warning of the consequences of global warming and the eventual decline of a fossil fuel-based life felt an awkward sense of vindication.
The Tennessee Valley Authority urged consumers in its seven-state territory to conserve electricity Wednesday as a heat wave continued to grip the eastern United States. The nation's largest public utility asked its 8.6 million consumers to be "prudent in their use of electricity over the next few days" as a combination of hot temperatures and humidity over the region pushed the heat index to triple digits in many places.