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Hoarding is exactly what the government is doing right now by filling the SPR, and frankly it's the best thing that could happen. It drives prices up. High prices encourage demand destruction. They also finance new well development. The hoarded oil gives us a buffer to fall back on once shortages become more prevalent. High prices are what we need in order to adapt to what's coming, and the sooner they happen, the better.

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Oil prices plunge on build in US gasoline reserves
Business News; Market Research

NEW YORK (AFP) — Oil prices tumbled Wednesday as supply concerns eased after a bigger-than-expected increase in gasoline reserves was reported in the United States.

The threat to supply from Hurricane Dolly in the Gulf of Mexico diminished as the storm veered away from offshore oil installations.

Posted by coyote on Thursday, July 24 @ 00:41:29 PDT (52 reads)
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Where would America’s renewable energy come from?
Hydrocarbon Alternatives

As Al Gore remarked in his landmark speech this past Thursday, the United States has the potential to generate all of its electricity from renewable resources within its borders.

[...]According to the Energy Information Administration, the average American consumes about 920 killowat-hours of electricity per month.

So where, exactly, will all this energy come from? And how do we get it from there into our wall outlets?

Posted by coyote on Thursday, July 24 @ 00:38:41 PDT (46 reads)
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New contamination incident at French nuclear site
Hydrocarbon Alternatives

PARIS (Reuters) - Around 100 staff at a nuclear power plant in southern France were contaminated with a low dose of radiation on Wednesday, power firm EDF said, the latest incident there after a case of uranium spillage two weeks ago.

EDF said in a statement that sensors detected a rise in the level of radiation while maintenance work was being carried out at the Tricastin site's reactor number four, which had been shut since July 12.

Posted by coyote on Thursday, July 24 @ 00:33:56 PDT (32 reads)
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Colorado, Wyoming battle Bush over oil shale
Public Policy; Political and Legal News

Administration's proposed rules renew environmental, technology debate

SALT LAKE CITY - The Bush administration's push Tuesday to speed up development of oil shale in the Rocky Mountains runs headlong into Colorado and Wyoming leaders, who say the environmental costs are too high and the technology unproven.

Posted by coyote on Thursday, July 24 @ 00:23:16 PDT (33 reads)
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U.S.-Canada carbon trading group eyes 2012 start
Enviromental Headlines; Climate Change

VANCOUVER, British Columbia (Reuters) - A coalition of U.S. states and Canadian provinces that have banded together to cut greenhouse gases will launch their carbon cap and trade system in 2012, according to a draft plan released on Wednesday.

The Western Climate Initiative's system will be phased in starting with industrial process emissions, with emissions from transportation and other fuels added to the system in 2015. It also will include emissions from electricity imported from sources outside of the group.

Posted by coyote on Thursday, July 24 @ 00:18:17 PDT (31 reads)
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Crowd-sourcing the e-car
Business News; Market Research

HELSINKI (Reuters) - After the wikipedia, the wikicar. "eCars - Now!" is a Finnish Internet community seeking to apply the collective approach taken by online collaborators like the authors of Wikipedia to start converting used petrol-fuelled cars to electric ones, with the first roll-out due this year.

The Finnish-language forum claims to be first of its kind in the world, and wants to provide an alternative to what its members perceive as foot-dragging in the oil and auto industries.

Posted by coyote on Thursday, July 24 @ 00:12:33 PDT (32 reads)
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Controversy dogs U.S. clean coal industry
Production; Extraction; Exploration

In a world increasingly concerned with energy costs and supply, so-called clean coal has arisen as a possible solution. While coal has been viewed by many as an old fashioned fuel source, bringing to mind images of smog-filled towns and blackened industrial wasteland, businesses and politicians are encouraging more investment in clean coal technology that reduces some of the harmful emissions that result from the burning of coal.

Posted by coyote on Thursday, July 24 @ 00:02:42 PDT (30 reads)
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Gas Conservation Threatens Road Funding
Consumption; Demand; Prices

WASHINGTON -- The House passed legislation that would steer $8 billion to highway projects next year, in a prelude to a broader debate over how much to invest in roads, bridges and other transportation infrastructure.

The bill passed Wednesday is essentially a stop-gap measure designed to plug a gap between fuel-tax revenue flowing into the federal Highway Trust Fund and funding promises Congress has made to the states. But it also spotlights a long-term problem confronting policymakers as consumers drive less and use more fuel-efficient vehicles.

Posted by coyote on Wednesday, July 23 @ 23:59:38 PDT (30 reads)
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Key terms in oil-supply debate
Public Policy; Political and Legal News

Peak oil
* Definition: The maximum volume of oil production achievable, after which output begins an irreversible decline. Sometimes called Hubbert's peak or the Hubbert curve for U.S. geophysicist Marion King Hubbert, who in 1956 theorized that oil production follows a bell-like curve and accurately predicted that U.S. oil production would top out between the late 1960s and early 1970s. Many subsequent peak oil predictions have missed the mark.

* Notable believers: Kenneth S. Deffeyes, author, former Shell geologist and retired Princeton professor; Colin J. Campbell, retired British geologist, author and founder of the Assn. for the Study of Peak Oil; T. Boone Pickens, oilman, hedge fund owner and alternative energy investor; Matthew Simmons, author and chairman of oil investment bank Simmons & Co. International.

Posted by coyote on Wednesday, July 23 @ 23:55:30 PDT (34 reads)
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The myth that pushes oil prices up plays into the hands of speculators
Public Policy; Political and Legal News

PEAK Oil, the invention of a retired oil industry executive, has for years now fuelled a healthy conference circuit and at the same time played havoc with the oil markets. A simple enough doctrine, it states that Peak Oil is the point in time when the maximum rate of global petroleum extraction is reached, after which the

rate of production enters terminal decline. The theory is a global application of an original piece of work from the 1950s. This original theory was developed in the US and gave a date for maximum US oil output as lying somewhere between 1965 and 1970. Since then it has been all downhill.

Posted by coyote on Wednesday, July 23 @ 23:50:51 PDT (55 reads)
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Oil Myths, Oil Facts Part Two
Public Policy; Political and Legal NewsLong Term Effects of Soaring Energy Prices

DR. TARTER IS HOPEFUL...

"There's probably some coalition that, if we could unburden ourselves from the political ramifications, could look at this. Boone Pickens said, address it like the Manhattan Project of the 1940's...

KUNSTLER'S VIEW IS DARKER...

Posted by Leanan on Wednesday, July 23 @ 17:35:46 PDT (399 reads)
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Our National Water Policy... Oh, Wait, We Don't Have One
Public Policy; Political and Legal Newsvox_mundi writes:

"Lisa, the whole reason we have elected officials is so we don't have to think all the time. Just like that rainforest scare a few years back. Our officials saw there was a problem and they fixed it, didn't they?" -- Homer Simpson

On June 24, 2008, Louie and I curled up on the couch to watch seven of the nation's foremost water resources experts testify before the House Transportation and Infrastructure Committee's Subcommittee on Water Resources and Environment.

What was strange from Louie's point of view was not the topic of the day, but that we were stuck in the house. Usually at that hour, we'd be working in the backyard, where he can better leverage his skill set, which includes chasing squirrels, digging up tomato plants, eating wicker patio chairs, etc. On this particular afternoon, however, the typically cornflower-blue San Jose sky was the color of wet cement, and thick soot was charging down from the nearby Santa Cruz Mountains. Sitting outside would have been about as pleasant as relaxing in a large ashtray.

Posted by Leanan on Wednesday, July 23 @ 16:25:20 PDT (133 reads)
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Great Lakes Manure Handling Expo, The Economics Of Recycling
Hydrocarbon Alternativesvox_mundi writes:

As fertilizer prices continue to soar, crop producers may be turning to manure for their fertility needs. Manure management will be the focus of a one-day event, being held this summer at the Molly Caren Agricultural Center in London, Ohio.

Posted by Leanan on Wednesday, July 23 @ 16:22:35 PDT (80 reads)
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Lehman slashes world oil demand growth forecast
Consumption; Demand; Prices"Demand Demolition"

NEW YORK (Reuters) - Investment bank Lehman Brothers said Wednesday it slashed its forecast for 2008 world oil demand growth due to a steeper-than-expected slowdown in energy consumption in the United States and other OECD countries.

Lehman added it believes the oil market is "approaching a tipping point" with prices expected to decline to an average of $90 a barrel in the first quarter of 2009.

Posted by Leanan on Wednesday, July 23 @ 15:17:10 PDT (241 reads)
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Militants say they will destroy Nigerian oil pipelines within 30 days
Public Policy; Political and Legal NewsLAGOS, Nigeria: Nigeria's main militant group threatened Wednesday to destroy the nation's major oil pipelines within 30 days to counter allegations it had struck a $12 million deal with the government to protect them.

The state-run oil company, however, denied the existence of such a deal and said local media had misquoted company officials.

Posted by Leanan on Wednesday, July 23 @ 15:08:18 PDT (103 reads)
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Old Articles
Wednesday, July 23
· Arctic's oil could meet world demand for 3 years
· Russia is key to North Korea's plight
· Peak oil a myth, claims geoscientist
· Audio: BP On Clean Energy Initiatives: We’re Just Getting Started
· Collision between tug, tanker closes Mississippi River at New Orleans
· Air Pollution Causing Widespread And Serious Impacts To Eastern U.S.
· Study predicts crop-production costs will jump dramatically in 2009
· Costs of climate change, state-by-state: Billions, says UMD
· CFTC Report on High Oil Prices -''Speculation My A$$''
· Traffic deaths fall as gas prices climb
· Pickens sees $300 oil unless U.S. cuts crude imports
· In oil-rich Norway, petrol prices most expensive in Europe
· Merrill Lynch Economist Warns ‘Brutal Winter Coming for Utility Bills'
· The impact of peak oil on international development (UK report)
· Huge oil trading loss sinks energy trader SemGroup
· A Locally Grown Diet With Fuss but No Muss
· Solar Thermal Energy coming to a boil - Peak Oil
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· GM, utilities join to study electric car impact
· Congress Pursues $80 Oil With Trading Limits, Disclosure Rules

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