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  • ItÂ’s a dirty business — the new gold rush that is blackening CanadaÂ’s name

    A giant mechanical digger gouges out a chunk of topsoil, grass and tree stumps, extending a neat furrow that stretches into the distance. Dozens of similar furrows run parallel with the regularity of a ploughed field.

    Yet no crop could grow in the pitch-black surface exposed by the machine working 1,000ft [...]

    Posted: November 04, 2009, 11:07pm EST
  • Viability of Welsh coastal defences questioned

    People living in high flood risk coastal communities in Wales may have to leave as a report says the nationÂ’s flood defences cannot keep up with environmental change.

    The study, for the Wales Audit Office led by auditor general for Wales Jeremy Colman, estimated that flood risk will increase 20-fold by [...]

    Posted: November 04, 2009, 11:04pm EST
  • Shale gas blasts open world energy market

    American firms have cracked the technology to tap vast new reserves

    A stretch of coastline on the Texas-Louisiana border provides a startling glimpse of EuropeÂ’s energy future. There, where Lake Sabine empties into the Gulf of Mexico, a giant port was completed last year. Built at a cost of $1.5 billion [...]

    Posted: November 04, 2009, 10:46pm EST
  • Dickens Was Right About Climate Change

    Charles Dickens opened his Victorian-era novel "A Tale of Two Cities" with these famous lines: "It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness .. ."

    I found Dickens' contradictions particularly helpful for understanding the totality' [...]

    Posted: November 04, 2009, 10:43pm EST
  • Fix climate change or else, say military top brass

    IF THE world fails to act soon on climate change, "preserving security and stability even at current levels will become increasingly difficult". That's the blunt message of a statement released in Washington DC (PDF) last week by 10 high-ranking military officials from Africa, Asia, Europe, Latin America and the US.

    The [...]

    Posted: November 04, 2009, 10:42pm EST
  • Warm winds slow autumn ice growth

    Sea ice extent grew throughout October, as the temperature dropped and darkness returned to the Arctic. However, a period of relatively slow ice growth early in the month kept the average ice extent low—October 2009 had the second-lowest ice extent for the month over the 1979 to 2009 period.

    In [...]

    Posted: November 04, 2009, 9:43pm EST
  • Proved Reserves Of Crude Oil Fall In 2008, Reflecting Low End-Of-Year Prices

    The Energy Information AdministrationÂ’s (EIA) U.S. Crude Oil, Natural Gas, and Natural Gas Liquids Proved Reserves, 2008 reports that proved reserves of crude oil fell by more than 10 percent in 2008, primarily because of low end-of-year prices used to estimate proved reserves, even though discoveries of crude oil rose [...]

    Posted: November 04, 2009, 8:45pm EST
  • How to boost fuel efficiency? Raise taxes, executives say

    DETROIT (Reuters) - There's a simple way to get Americans to drive fuel-efficient cars, according to auto executives, but they are not going to like it -- sharply hike the gas tax.

    While politically unpalatable, gasoline that costs at least $4 a gallon would have a far greater effect on American [...]

    Posted: November 04, 2009, 8:42pm EST
  • Over 17,000 species threatened by extinction

    ‘These results are just the tip of the iceberg,’ conservationist says

    GENEVA - A rare Panamanian tree frog, a rodent from Madagascar and two lizards found only in the Philippines are among over 17,000 species threatened with extinction, a leading environmental group said Tuesday. [...]

    Posted: November 04, 2009, 8:40pm EST
  • Peak oil review - Nov 2

    1. Production and prices

    2. West Texas Intermediate

    3. Run-up to Copenhagen

    Quote of the Week

    The Briefs [...]

    Posted: November 04, 2009, 8:34pm EST
  • The Crude Truth About Oil Reserves

    The coming century will overflow with petroleum.

    It offends conventional wisdom. It will also seem nasty to the doom-sayers, who for decades have predicted an oil scarcity that never came. But the 21st century is very likely to overflow with oil. There are at least three main reasons for this.

    First, oil [...]

    Posted: November 04, 2009, 8:30pm EST
  • Sounding an Alarm on Oil

    Independent journalist Michael Ruppert predicted the global recession. Now he's foreseeing an imminent energy crisis

    Michael Ruppert proudly claims that he predicted the global economic slump more than four years ago in his self-published "From the Wilderness," a monthly news publication and Web site. A narcotics investigator for the Los Angeles [...]

    Posted: November 04, 2009, 8:25pm EST
  • Research Findings Throw Some Doubt Into Theory of Peak Oil

    In 1877 Russian scientist Dimitri Mendeelev suggested that the large deposits of oil and gas we find under the surface of the Earth could be made without the decay of long-dead organisms in a process called abiotic synthesis of methane. Since then the theory has been relegated to the back [...]

    Posted: November 04, 2009, 8:20pm EST
  • IEA to forecast natural gas glut: report

    LONDON (Reuters) - The International Energy Agency (IEA) is set to forecast global supplies of natural gas will rise faster than demand in coming years, the Financial Times newspaper reported on Thursday.

    "Global gas markets have evolved from a seller's market, driven by tight supply and demand, to a buyer's market" [...]

    Posted: November 04, 2009, 8:15pm EST
  • U.S. oil market anti-manipulation rule takes effect

    WASHINGTON (Reuters) - A U.S. Federal Trade Commission rule takes effect on Wednesday that will hit energy traders and companies with fines of up to $1 million a day if they manipulate the oil markets.

    The FTC unveiled the rule back in August to go after fraud in oil markets that [...]

    Posted: November 04, 2009, 8:09pm EST
  • IEA to cut long-term oil demand outlook next week: report

    SINGAPORE (Reuters) - The International Energy Agency will "substantially" downgrade its long-term oil demand forecast in its annual energy outlook next week, the second cut in a row, the Wall Street Journal reported on Wednesday.

    Efforts to better manage expanding oil demand in the developed world have been more effective than [...]

    Posted: November 04, 2009, 8:08pm EST
  • We only have months, not years, to save civilisation from climate change

    Lester Brown: International agreements take too long, we need a swift mobilisation not seen since the second world war

    For those concerned about global warming, all eyes are on December's UN climate change conference in Copenhagen. The stakes could not be higher. Almost every new report shows that the climate is [...]

    Posted: November 04, 2009, 3:55pm EST
  • Nuclear waste: Coming to a town near you?

    The nuclear industry could be on the verge of a major expansion just as the government cancels a plan to store the waste. Where's it going to go?

    BAY CITY, Texas (CNNMoney.com) -- At a Texas power plant, two men in head-to-toe yellow jumpsuits are perched above a pool filled with [...]

    Posted: November 04, 2009, 3:41pm EST
  • GoldmanÂ’s Currie Says Oil Drives Dollar Down, Not Vice Versa

    (Bloomberg) -- Crude oil, which has risen 80 percent this year, is causing the U.S. dollar to weaken, driving metals and other commodities higher, according to Jeffrey Currie, head of commodity research at Goldman Sachs Group Inc.

    While oil has risen, the U.S. currency has weakened, leading to speculation that the [...]

    Posted: November 04, 2009, 2:49pm EST
  • Peak demand: Going big?

    Is peak demand concept going mainstream?

    The IEA is set to revise its long-term oil demand forecasts - for 2030 - downwards again this year, according to the Wall Street Journal. Citing a person ‘familiar’ with the forecast, the WSJ story doesn’t give an number, but hints at two reasons: first [...]

    Posted: November 04, 2009, 1:23pm EST
  • Asia peatland loss 'helps drive warming': scientists

    BARCELONA, Spain (AFP) – Scientists pointed the finger on Wednesday at Southeast Asian countries for draining wetlands for palm oil and cheap timber production, warning the practice was stoking dangerous global warming.

    In a presentation on the sidelines of the UN climate talks, a network of scientists branded Southeast Asia the [...]

    Posted: November 04, 2009, 12:40pm EST
  • 6 hot electric car start-ups

    Each of these carmakers is gearing up to be the next big thing in electric automobiles. Here is how they're charting success.

    Tesla Motors is already well-known for its all-electric two-seat Tesla Roadster sports car, which has received tons of media attention. The $100,000 vehicle recently went on sale, and so' [...]

    Posted: November 04, 2009, 12:39pm EST
  • Russia Still Dragging Its Feet on Climate Change

    Russia doesn't seem to care two bits about global warming, and it's not hard to see why. Most Russians would probably be happy if the country was a little warmer. Officials even joke that once climate change has run its course, people may start pouring in to Siberia instead of' [...]

    Posted: November 04, 2009, 12:38pm EST
  • Jeff Rubin: Why is oil already so high?

    ItÂ’s always easier to blame supposed culprits than it is to face unpleasant facts. Take todayÂ’s oil prices. Consumers complain about price gouging by oil companies. Oil companies point the finger at government restrictions on drilling activity. Governments blame speculators, while the latter blame the ever-weakening US dollar.

    There is certainly [...]

    Posted: November 04, 2009, 11:46am EST
  • Arthur Berman leaves World Oil after raising natural gas questions

    What Arthur Berman is saying is that natural gas companies that extract shale are mis-estimating how quickly natural gas production will decline in the future--they are assuming gas production will decline more slowly than evidence indicates it will. As a result of their optimistic assumptions about decline rates, they are [...]

    Posted: November 04, 2009, 11:36am EST
  • Rogers Says Roubini Is Wrong on Bubbles as Gold, Stocks Rally

    (Bloomberg) -- Jim Rogers, the investor who predicted the start of the commodities rally in 1999, said that Nouriel Roubini is wrong about the threat of bubbles in gold and emerging-market stocks.

    Many commodities are still down from record highs and equity markets arenÂ’t on the brink of collapse, Rogers, chairman [...]

    Posted: November 04, 2009, 10:32am EST
  • Peak oil and population control (interview with William Stanton)

    ...Dr Stanton happens to be one of the foremost proponents of population control in Britain, possibly anywhere, and has written articles and letters for anybody who will publish them, including his local paper and the New Scientist. But the latter stopped publishing him more than 20 years ago because - [...]
    Posted: November 04, 2009, 8:52am EST

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