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5 July 2008 year (time zone GMT 00:00)  Number of sources in English: 4954
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As Gas Prices Soar, Elderly Face Cuts in Aid

05.07.2008 18:24    peakoil.com
SOUTH HAVEN, Mich. — Early last month, Jeanne Fair, 62, got her first hot meals delivered to her home in this lake town in the sparsely populated southwestern part of the state. Then after two deliveries the meals stopped because


U.S. investor: Oil reserve decline is major reason behind oil price hike

05.07.2008 18:24    peakoil.com
U.S. investor Jim Rogers has said that the decline in known oil reserves across the world is the main reason behind the skyrocketing oil prices that have already topped 145 U.S. dollars a barrel. While admitting that factors driving up

Pemex seeks site for new refinery to cut gasoline imports

05.07.2008 18:24    peakoil.com
Petroleos Mexicanos, the state-owned Mexican oil company, may begin construction of a $7-billion refinery by the end of 2010 to reduce imports of gasoline and diesel fuel. A study has been commissioned to determine the site of the new plant,

U.S. Freeze on Solar Energy Projects Lifted

05.07.2008 12:42    peakoil.com
Just as things were really heating up in the solar energy sector, the U.S. Bureau of Land Management (BLM) pulled the plug on new solar power plants. Last week the New York Times reported that "the federal government has placed


Iraqi Oil Minister Talks About ''Oil Police'', Oil Law, Oilfields

05.07.2008 12:42    peakoil.com
We are trying to produce about 3 million barrels of oil daily by next year," says the minister in conversation with Die Welt. In some Western media there has already been talk about 4 million barrels (159 litres each) of

European utilities building up uranium inventories

05.07.2008 12:42    peakoil.com
In its newly released annual report, the ESA notes that over the year, 21,932 tonnes of natural uranium (tU) delivered to the EU was well above the 19,774 tU loaded into reactors, meaning that inventories are being rebuilt. ESA says

Big Oil's 'secret' out of Iraq's closet

05.07.2008 12:42    peakoil.com
It is not about the "war on terror". It is not about weapons of mass destruction. It is not about "freedom and democracy to the Iraqi people", or to the "Afghan people". It is not about "Islamofascism". It is not

World must brace for oil beyond $150

05.07.2008 12:42    peakoil.com
LONDON (Reuters) - Oil's meteoric rise since the start of the year to nearly $150 has distressed consumers and policy makers the world over, but the stark reality is prices are likely to rise higher still. For two decades, prices

DEALING WITH DISASTER / 'Climate refugees' on the increase

05.07.2008 12:42    peakoil.com
The number of migrants is rising so quickly that it might destabilize the world. The IOM's general meeting in November defined "climate refugees" in a broader sense to include people who have resettled within a country. The organization called for

Australia: No credit as oceans turn sour

05.07.2008 12:42    peakoil.com
A recent report from the Antarctic Climate and Ecosystems Co-operative Research Centre claimed that carbon dioxide in the atmosphere is at its highest level in 650,000 years, and possibly 23 million years, and half has been dissolved in the oceans,

Oil prices are probably going up no matter what we do

05.07.2008 00:17    peakoil.com
Oil has zoomed to surreal levels, briefly hitting a record high of $145.85 a barrel in trading Thursday morning. That’s more than double a year ago, despite increasing fuel-conservation measures and a sputtering U.S. economy reeling from six straight months

Key EU lawmaker proposes new 2015 biofuel target

05.07.2008 00:17    peakoil.com
PARIS, July 4 (Reuters) - A key European Union lawmaker said on Friday he had broad parliamentary backing to propose changing the EU's target for biofuels so that 4 percent of road transport fuels come from renewable sources by 2015.

The energy panic

05.07.2008 00:17    peakoil.com
The fundamental lessons for a country suddenly facing an energy crisis and an uncertain economy ought to be clear enough. Drive slower -- when you have to drive at all, that is. Seek alternative forms of transportation. Turn off the

The year everything changed

05.07.2008 00:17    peakoil.com
Sydney - ]The stormclouds are gathering. Our market has plunged below 5000 for the first time in two years, oil prices are soaring, America is in (unofficial) recession and the Reserve Bank is clearly worried about the home front. After

Only seven years left for global warming target: UN panel chief

05.07.2008 00:17    peakoil.com
PARIS (AFP) — The head of the UN's Nobel-winning panel of climate scientists on Friday said only seven years remained for stabilising emissions of global-warming gases at a level widely considered safe. Rajendra Pachauri, chairman of the Intergovernmental Panel on

Food and climate crises 'linked'

05.07.2008 00:17    peakoil.com
Climate change will worsen the world's food crisis, the UN has forecast. Food and global warming are interconnected, said Yvo de Boer, executive secretary of the UN Framework Convention on Climate Change....

Talking Points For An Energy Crisis

05.07.2008 00:17    peakoil.com
The Nation: In The Face Of The Oil-Price Crisis, America Had Better Come Up With A Plan Airlines are cutting back on water for plane toilets to save weight and fuel. They had better come up with a better business

Companies begin quest for oil, gas off Florida

05.07.2008 00:17    peakoil.com
PENSACOLA, Fla. (AP) — Oil companies once viewed drilling in the deep waters off Florida as cost prohibitive. Politicians feared even the slightest sign of support would be career suicide. No more. Record crude oil prices are fueling support for

EU shrugs off biofuels complaints, sticks to 2020 target

05.07.2008 00:17    peakoil.com
BRUSSELS, Belgium: The European Union will ignore critics who accuse it of helping to boost food prices by embracing an ambitious and binding target for the use of biofuels, officials said Friday. The European Commission is sticking to its proposal

UN's climate change guru sees record oil price as a positive

05.07.2008 00:17    peakoil.com
MADRID (AFP) — The UN's top climate change official said Thursday that record oil prices, which have surged to 146 dollars a barrel, were positive for the environment. "I think they are a net positive. First of all you see

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