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a community peak oil portal
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| Oil sets record near $128; pump price at high, too |
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 NEW YORK - Oil prices surged more than $3 Friday, shattering a previous record in a spike near $128 a barrel, as prices at the pump pushed to new highs of their own.
The gains come 10 days before the Memorial Day holiday, the traditional start of the peak U.S. summer driving season, suggesting that retail gas prices have further to rise.
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| Time Running Out for Energy in Mexico |
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 WASHINGTON -- Mexican Energy Secretary Georgina Kessel's warning to the Mexican Congress last week sounded ominous: If legislators did not approve reforms within the oil sector, the country would suffer a "severe energy crisis" within a decade.
That's probably an understatement.
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| UBS Now Sees Oil Marching to $156 Yearly Average by 2012 |
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| Guest writes: Crude oil prices are set to steadily rise over the next four years and will take the earnings of major oil companies along for the ride, UBS told investors Thursday.
The firm now sees crude oil prices averaging $115 a barrel this year and reaching an average of $156 a barrel in 2012. This will benefit major oil companies including Chevron Corp. (CVX), which it upgraded to buy, as well as oil service and drilling companies, several at which UBS started coverage Thursday also with buy ratings.
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| Oil prices: Wall Street's game |
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| Guest writes: Big fund money is flowing into oil markets sending prices to levels never seen before. Is it profiteering or an essential way to ensure supply?
NEW YORK (CNNMoney.com) -- There's no question about it, a new breed of speculator is pouring money into the oil market and helping drive prices to record levels. What's less certain is if this new money is essential to a healthy market.
Many blame record prices on Wall Street investors new to the oil market, saying they're bidding up gas prices to artificially high levels - and soaking drivers.
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| Concern over small biomass option |
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 Guest writes: Small-scale biomass power plants can have a greater environmental impact than other renewables, a study says.
UK researchers found that although the facilities offered carbon savings, they produced more pollutants per unit of electricity than larger biomass plants.
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| Peak Oil Doomsters debunked, end of civilization called off |
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| Guest writes: Summary: a brief analysis of Matt Savinar’s Life After the Oil Crash. Are we doomed? Probably not. My title is, of course, fun but absurd. Peak oil is too vast a subject, the range of expert opinion too wide, for any blog post to pose as more than a introduction — showing one perspective of the many possible. Still, I believe this makes a good case for betting that peak oil will not result in depression and war. Please see the conclusion at the end for caveats, and the links at the end for more information.
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| White House says Saudi Arabia not hiking oil output: report |
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 Guest writes: SAN FRANCISCO (MarketWatch) -- The White House said that Saudi Arabia will not hike oil production, The Associated Press reported Friday. Saudi Arabia does not see enough demand from customers to hike its oil output, according to the AP. President Bush visited Saudi Arabia on Friday to ask King Abdullah for greater oil production, the news agency said
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| Oil industry beefing up storm plans |
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| Guest writes: Rules designed to keep offshore facilities in place in hurricanes
The U.S. offshore oil and gas industry is much better prepared to deal with hurricanes than it was in 2005, when major storms whipped through the Gulf of Mexico, damaging many offshore operations, government and industry officials said Thursday.
Not only has the scientific knowledge improved about hurricane behavior in the Gulf, oil companies now are following new regulations designed to keep offshore facilities in place during even the biggest storms. Government and industry groups also have beefed up hurricane response measures, the officials said.
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| Oil production has peaked as demand soars |
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| Guest writes: In 1998, oil cost $10 per barrel and experts said the price would return to $5 per barrel, but it never happened. Many people believed we had huge oil fields that would never run dry, and that new fields would meet our growing demands. Ten years later, the evidence is beginning to align to tell a much different story -- one that we are just beginning to read.
I serve as a member of the Minnesota House of Representatives Energy Committee. This year our committee held hearings on "peak oil."
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| Gas costs push commuters to park and pedal |
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| Guest writes:
More commuters are turning to bicycles today for national Bike-to-Work Day as gas prices continue to reach record highs.
"It's going to be the biggest yet," says Bill Nesper of the League of American Bicyclists, which promotes May as national Bike Month. "Our phone is ringing off the hook. We're getting lots of calls from around the country. People are doing this because of gas prices."
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| Biofuels and the Rise of Nationalistic Environmentalism |
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| Guest writes: The rapid expansion of biofuel production worldwide has paralleled a dramatic rise in food prices. The expansion of biofuels has been supported by a wide spectrum of people, from environmentalists looking for "sustainable" energy to conservatives wanting to reduce U.S. dependency on foreign oil. With food riots spreading, the U.S. remains committed to an expansion of biofuel.
Biofuels are part of a larger movement toward green capitalism, the idea that we can scale down our energy use through technologies that improve the efficiency of the consumer society. Biofuels are emblematic of the dark side of green capitalism, which is focused almost entirely on the well being of the global upper class. Biofuels are a form of nationalistic environmentalism that is creating a foundation on which more extreme nationalists will try to wed the racist tools of yesterday with a version of "sustainability" that will include the destruction of the global poor.
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| Debate over solar energy in Germany lowers outlook |
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| Thanks to its aggressive push into renewable energies, a cloud-wreathed Germany has become an unlikely world leader in the race to harness the sun's energy. It has by far the largest market for photovoltaic systems, which convert sunlight into electricity, with roughly half of the world's total installed capacity. And it is the third-largest producer of solar cells and modules, after China and Japan.
Now, though, with so many solar panels on so many rooftops, critics say Germany has too much of a good thing. Even at a time of record oil prices, solar is encountering resistance from conservative lawmakers who want to pare back its generous state incentives. They say it is growing at an unhealthy pace, threatening to burden consumers with too many costs in the form of higher electricity bills.
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| Controls on biofuel vital to help stop forest destruction |
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| The European Union must adopt strict environmental controls for biofuel production, Greenpeace warned on the eve of the EU-Latin America V Summit being held in Lima, Peru on 16 May (1), large scale production of biofuels threatens the region’s forests and other natural environments, which are vital to tackling climate change.
Today, 10 Greenpeace activists unfurled a banner in the ruins of Peru’s Machu Picchu, calling for action -- «DANGER BIOFUELS: SAVE THE FOREST, SAVE THE CLIMATE»; sending a message to officials attending the V Summit as well as to those who will attend the United Nations Biodiversity Summit in Bonn, Germany in four days’ time (2).
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| Honeywell to test biofuel for jets |
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| Phoenix-based Honeywell Aerospace has formed a partnership with Airbus, JetBlue Airways and others to find a way to make jet fuel from renewable sources, such as algae and a hearty arid plant called jatropha.
The technology could help break the airline industry's tie to high-cost fossil fuels, leading to more profitable operations and lower fares. It also could help temper global warming by reducing greenhouse gases emitted by aircraft.
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| Coal plant pollution threatens U.S. parks - report |
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| U.S. regulators are proposing to weaken air quality laws, which would allow new coal-fired power plants to pollute U.S. parks from Shenandoah in Virginia to the Great Basin in Nevada, a new report said on Thursday.
Amid rising power demand and flat U.S. natural gas output, electricity generators are seeking to build power plants fired by abundant coal.
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