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a community peak oil portal
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| A vital part of the fabric of our lives |
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Last spring and summer, during the heated debate over the nature of the future Columbia Crossing, the price of crude oil was approaching $150 a barrel and the price of gasoline appeared to be on an inexorable march to $5 a gallon. Critics of the automobile as our primary mode of transportation gleefully embraced these prices as evidence of "peak oil." Planners and politicians alike took the position that people would abandon their cars and look for mass-transit options to get across the river. Hence there was no need to include increased vehicular capacity while planning the $4 billion project.
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| Oil becoming the realm of despots |
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Petroleum Intelligence Weekly's annual list of the world's Top 50 oil companies confirms an alarming trend: The world's petroleum riches are sliding further into the hands of state-owned oil companies, with Russian and Chinese companies making the biggest gains in the past year, while publicly traded Western oil companies are fighting for a shrinking pie.
Among the key findings released this week: For all the talk about Canada's huge oil sands reserves and their potential, only two Canadian companies, EnCana Corp. and Canadian Natural Resources Ltd., made the elite list, ranking 34th and 39th, respectively, behind even such government-owned lightweights as Colombia's Ecopetrol and Uzbekistan's Uzbekneftegas.
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| UK - Difficult decisions over future energy |
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 CONCERNS over global warming and the realisation that oil will not last forever has focussed increasing attention on our over reliance on fossil fuels.
Although there are many potential alternatives to fossil fuels, there are none sufficiently developed to provide a credible alternative in the foreseeable future.
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| Hopes for Renewable Energy Directive agreement by Christmas |
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 European negotiations on renewable and low carbon energy legislation are continuing this week, with hopes of a resolution on measures including the Renewable Energy Directive before Christmas.
Two of the main issues to be discussed are expected to be biofuels sustainability and a proposed review of climate change targets set for 2020 in six years' time.
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| Feds halt plan to drill in scenic Utah canyons |
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 SALT LAKE CITY - A section of whitewater rapids tucked between high cliffs, little-changed since explorer John Wesley Powell boated through in 1896, and a canyon decorated with thousands of ancient rock art panels have been pulled off the auction block by the U.S. Bureau of Land Management (BLM).
For the second time in a week, the bureau announced late Tuesday that it was pulling auction parcels from an expanded oil-and-gas leasing program in Utah. The latest tracts include land inside Nine Mile Canyon and Desolation Canyon on the Green River.
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| EU to push for Caspian gas line |
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 ASHGABAT, Turkmenistan (AP) — The European Union will push harder for a pipeline to carry natural gas from the Caspian Sea region to Europe while bypassing Russia, a senior EU diplomat said Wednesday.
Russia's war with Georgia underscores the need to step up preparations for the prospective Nabucco pipeline, EU special representative Pierre Morel said after meeting with the leader of gas-rich Turkmenistan, President Gurbanguli Berdymukhamedov.
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| Replacing Corn With Perennial Grasses Improves Carbon Footprint Of Biofuels |
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 ScienceDaily (Dec. 2, 2008) — Converting forests or fields to biofuel crops can increase or decrease greenhouse gas emissions, depending on where – and which – biofuel crops are used, University of Illinois researchers report.
The researchers analyzed data from dozens of studies to determine how planting new biofuel crops can influence the carbon content of the soil.
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| EPA eases rule on mountaintop coal mining debris |
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 WASHINGTON (Reuters) - The Bush administration is easing the way for coal companies to dump debris from mountaintop mining into nearby valleys and streams in a move deplored by environmental and Appalachian citizens' groups.
The U.S. Environmental Protection Agency on Tuesday approved the repeal of a 1983 law that prohibited surface coal mining within 100 feet of flowing streams. Most U.S. surface coal mining is done in the steep mountains of Appalachia, across Virginia, West Virginia, Tennessee and Kentucky.
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| Greenhouse gas emissions increase in U.S. |
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 WASHINGTON - The amount of U.S. greenhouse gases flowing into the atmosphere, mainly carbon dioxide from burning fossil fuels, increased last year by 1.4 percent after a decline in 2006, the Energy Department reported Wednesday.
The report said carbon dioxide, the leading pollution linked to global warming, rose by 1.3 percent in 2007 as people used more coal, oil and natural gas because of a colder winter and more electricity during a warmer summer. Half of the country's electricity is generated by coal-burning power plants.
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| As sales plummet, Nice electric car company goes under |
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 Electric car sales have more than halved this year. Just 156 were sold from January to October 2008, compared to 374 for the same period in 2007, down 58%.
The figures come as one of London's two electric car distributors, Nice Car Company, was put into administration.
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| Capturing the ocean's energy |
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 Despite daunting challenges, technology to harness the power of the waves and tides is now being deployed around the world – from Portugal to South Korea to New York's East River. These projects, just beginning to produce electricity, are on the cutting edge of renewable energy's latest frontier: hydrodynamic power.
Way back in Napoleonic Paris, a Monsieur Girard had a novel idea about energy: power from the sea. In 1799, Girard obtained a patent for a machine he and his son had designed to mechanically capture the energy in ocean waves. Wave power could be used, they figured, to run pumps and sawmills and the like.
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| Oil-Price Drop Forces Big Energy to Retreat |
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Shortly after the 6 a.m. shift change, drilling crews start pouring into the Base Camp Cafe in Rifle, Colo. Business has been booming at the diner for much of the past few years as rising energy prices have increased exploration activity at the nearby natural-gas-rich Piceance Basin. Four years ago, the cafe moved to a new, 100-seat location to accommodate the crowds.
But lately, the wait for the cafe's signature Packer breakfast sandwich, which is two eggs and sausage covered in gravy on a biscuit, has been shorter than usual. On a recent Tuesday morning at 7 a.m., the restaurant was only a quarter full. "One of the drilling crews just got laid off," says waitress Theresa Steffen. "It's slowed down a little."
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| Obama's First Policy Retreat? |
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Did Barack Obama just break his first campaign promise?
On the campaign trail, Obama railed against big oil companies. He often criticized John McCain for backing tax cuts that would reward ExxonMobil and other top oil manufacturers. But now Obama's proposal to apply a windfall tax on big oil has vanished... at least from his transition website. The President-elect's transition team hasn't explicitly announced it will drop the windfall tax plan, but a transition aide, commenting on the condition he not be identified, backed off the promise in an email. "President-elect Obama announced the [windfall profits tax] policy during the campaign because oil prices were above $80 per barrel," he said. "They are currently below that now and expected to stay below that."
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| Australia: Greens want limits imposed on infrastructure fund |
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The Greens will not back the Rudd Government’s Building Australia Fund unless it rejects roads and coal ports, focuses more on climate change and adopts greater transparency.
Greens spokeswoman on transport and climate change Christine Milne wants the fund—which will be used to finance port, road, rail and communications projects—to be overseen by a parliamentary committee.
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| Deflation: Bargains abound, which could be a problem |
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WASHINGTON — Everything is on sale. And that's not a good thing.
Consumer prices in October fell at the fastest pace in more than 60 years, sucked down by the rapidly deteriorating economy. The prices of oil, food, cars, clothing and electronics have all plunged. Home prices continue to swoon and so do stock prices.
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