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a community peak oil portal
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| Scandal-hit Peru cabinet resigns |
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vox_mundi writes: Alan Garcia, Peru's president, has accepted the resignation of his entire cabinet in an effort to tackle a growing corruption scandal over oil concessions.
Ahead of the move on Friday, Garcia had faced calls from opposition leaders to sack cabinet members after audio tapes emerged linking some of them to a plan to award oil contracts in exchange for bribes.
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| Sarah Palin's Alaskan Wasteland |
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vox_mundi writes: There's no reason to doubt Sarah Palin's sincerity when she talks about her commitment to family and--more specifically--special-needs kids.
…Unfortunately, as governor of a state with a birth-defect rate that's twice the national average, and which has the gloomy status as repository of toxic chemicals from around the world, Palin has pursued environmental policies that seem perfectly crafted to swell the ranks of special-needs kids. It's true that Alaska's top leaders have placed industry wishes over environmental protection for years. But, instead of correcting this problem, she's compounded it.
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| EPA Approves Fuel Waiver for Phoenix area |
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As a result of the disruption in the supply of fuel from Gulf-area refineries and pipelines, EPA has exercised its authority under the Clean Air Act to temporarily waive certain requirements for gasoline sold and distributed in Phoenix, Arizona and the surrounding area. The disruption and delays in production and delivery of gasoline to Arizona resulted from effects of Hurricane Ike, as well as a fire at a fuel distribution terminal that temporarily shut down deliveries of gasoline to Arizona.
Today's action waives the requirement that gasoline distributed and sold after Nov. 1, 2008 must meet wintertime clean burning gasoline (CBG) requirements, as specified in Arizona's federally-approved state implementation plan (SIP). The waiver is in effect in all of Maricopa County, and in those parts of Yavapai and Pinal Counties where CBG is required.
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| China's auto sales slump for second month as economy slows |
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China's auto sales fell for the second month running affected by the slowing economy, figures released by the China Association of Automobile Manufacturers (CAAM) showed on Friday.
September passenger car sales shrank 1.44 percent from September last year to 552,800 after the August sales contracted 6.24 percent from a year earlier.
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| James Taylor Prepares For Peak Oil, Fears Collapse Of Society |
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Rolling Stone has a great new interview with legendary singer James Taylor about his new album Covers, his desire to go local in the face of rising energy prices, and why society may only become sustainable after a serious collapse. Here are some highlights:
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| OPEC urged not to cut oil production |
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British Prime Minister Gordon Brown appealed to the OPEC oil-producing cartel Friday not to cut output, saying it would be “wrong for the world economy” at a time of near-unprecedented crisis.
Speaking a day after the Organization of Petroleum Exporting Countries announced an emergency meeting to discuss oil prices, which have dipped below $80 a barrel, he urged its leaders to be ‘statesmanlike.’
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Brazil will no longer be able to condemn the US for not signing environmental treaties, or point a finger at China for its massive output of pollution. Oil, it seems, will not only transform Brazil’s economy, but its very role in the world
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| Libya cuts Swiss oil and economic ties in protest |
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Libya said on Friday it would withdraw $7 billion of assets in Swiss banks, cut economic ties with Switzerland and stop supplying it with oil to protest against poor treatment of Libyan diplomats and businessmen.
The decision followed a diplomatic row that was sparked three months ago when a son of Libyan leader Muammar Gaddafi was arrested in Geneva on July 15 and charged with mistreating two domestic employees.
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| U.S., India sign new nuclear agreement |
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Secretary of State Condoleezza Rice signed a new nuclear trade deal Friday with the United States which she said will unlock a vast potential partnership.
The agreement will open the door for U.S. companies to provide billions of dollars of equipment and expertise to the Indian nuclear power industry.
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| EU’s first enlightened move on energy efficiency |
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Today EU Energy Ministers decided to ban incandescent light bulbs in Europe as of 2010. The move comes few days before the lift of anti-dumping duties on energy saving lamps imported from China, which takes effect on 18 October. Both decisions are a positive move towards energy savings within the EU, says WWF, the global conservation organisation.
WWF regrets, however, that the European Union has not committed yet to a binding target reducing primary energy consumption by 20% by 2020 to boost energy conservation in all sectors. Although it was discussed by the European Council in 2007, so far this objective is only applied by European countries on a voluntary basis.
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| Nature loss 'dwarfs bank crisis' |
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The global economy is losing more money from the disappearance of forests than through the current banking crisis, according to an EU-commissioned study.
It puts the annual cost of forest loss at between $2 trillion and $5 trillion.
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| Oil's Drop Squeezes Producers |
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Graeme writes: Big oil-producing countries are showing signs of distress as the global credit crunch and falling crude prices begin to squeeze government budgets and delay projects.
A study released by Bernstein Research of New York this week argues that oil prices will remain linked to the cost of producing supplies from difficult but crucial fields deep offshore and elsewhere, a cost the research firm puts at between $75 and $80 a barrel. By 2012, the firm said, that cost likely will have jumped to $105 a barrel.
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| Arctic stormier as Earth warms, study finds |
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 Pace of sea ice also quickens, which could help climate by churning ocean
The Arctic has become more stormy in the past 50 years due to the warming climate, which in turn has quickened the pace of drifting sea ice, a new NASA study finds.
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| U.S. ethanol profits stay weak on poor fuel demand |
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 NEW YORK, Oct 10 (Reuters) - Average U.S. ethanol distillers profits rose a few pennies this week on softer corn prices but remained weak overall on poor motor fuel demand, analysts said on Friday.
"Those companies that are able to keep costs under control continue to do okay. Those that can't are in a world of hurt," said Rick Kment, analyst at DTN in Nebraska.
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| Venture capital looks to new sources of biofuels |
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 SAN FRANCISCO, Oct 9 (Reuters) - Corn-based ethanol is yesterday's news for venture capitalists who, these days, are betting on everything from wood chips and algae to turkey guts and trash as potential sources of next-generation biofuels.
Corn ethanol caught the imagination of U.S. policymakers as a way to fix multiple problems: rising oil prices, dependence on foreign oil and fossil fuel pollution. But the use of corn for ethanol is now embroiled in controversy, being held responsible by critics for recent spikes in food prices that spurred riots in some countries.
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