energy

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$7 Gas? Analyst Sees It by 2012
 $7 Gas? Analyst Sees It by 2012 
Apr 25, 2008 4:54 PM CDT

$7 Gas? Analyst Sees It by 2012

Limited supply, ever-increasing demand will nearly double current prices

(Newser) - Oil and gas prices could double in the next four years, analysts say—with $7 per gallon possible by 2012. "It is increasingly clear that the outlook for oil supply signals a period of unprecedented scarcity," an analyst at investment bank CBIC tells MarketWatch.

Should Bush Tap Strategic Petroleum Reserve?

Rainy day supply draws debate

(Newser) - The government is pumping 60,000 barrels of oil a day into a “rainy day” reserve, but with oil prices at a record high, many argue that it’s already raining. That includes the presidential candidates, all of whom want to at least stop adding to the Strategic Petroleum...

Grow Yourself a Garden (Even if it Doesn't Help)

Try to reverse climate change with some home-made eats

(Newser) - Climate change seems too big for individuals to fix, but that’s partly because we're trapped in a cheap energy mindset, Michael Pollan writes in the New York Times. Low-cost energy has allowed us to rely on distant specialists for most of our needs, and we have a moral duty...

Europe Backtracks on Biofuels
 Europe Backtracks on Biofuels 
Apr 19, 2008 2:42 PM CDT

Europe Backtracks on Biofuels

Environmental concerns put 10% quota on hold

(Newser) - The European commission is backing off a proposed 10% biofuels quota as scientists warn that the alternative fuels actually hurt the environment, the Guardian reports. “This is all very sensitive and fast-moving,” said a commission official. “There is now a lot of new evidence on biofuels, and...

Oil Expected to Stay Above $100 This Year

Fed agency ups forecast as world laps up Texas tea

(Newser) - A barrel of crude could end up averaging more than $100 this year, federal handicappers are predicting, just weeks after the triple-digit mark seemed like a troublesome anomaly. OPEC’s parsimony with its reserves, spiking demand worldwide and a dwindling supply outside the Middle East are conspiring to squeeze rates—...

Going Greener Won't Cut Much* Into Bottom Line: Study

*If governments are smart with policies

(Newser) - Cutting greenhouse-gas emissions will put a dent in the world's bottom line, but the damage could be minimal with the right economic policies, the International Monetary Fund forecasts. A 60% reduction of 2002 emission levels will reduce global growth by 2.6% come 2040, but the world's economy would still...

World Will Dim Lights Tomorrow for Earth Hour

Cities will power off to call attention to global warming

(Newser) - Cities across the world will dim their lights  tomorrow night—temporarily darkening major landmarks such as the Golden Gate Bridge, Sydney’s Opera House and Chicago's Wrigley Field—in an effort to raise awareness about energy conservation and climate change. Phoenix, Atlanta, and a dozen other US cities will join...

Wowie! Maui Gas Hits $4
Wowie! Maui Gas Hits $4 
Mar 14, 2008 9:45 AM CDT

Wowie! Maui Gas Hits $4

Hawaii is especially hard hit by rising oil prices

(Newser) - The price of gas in the US hit another record this morning of $3.28 a gallon, CNN reports, but at least one part of the nation thinks that would be a great bargain. On Maui, $4 gas has already arrived in many places, and the island is on the...

Plasma May Zap City's Garbage Crisis

New tech could burn off Vancouver's garbage and make electricity

(Newser) - Vancouver may have a fix for its garbage overflow crisis: Burn the trash into a gas that makes electricity. A Canadian company called Plasco Energy Group has proposed a plant that zaps waste into ionized gas, or plasma; about a fifth of it would run the plant and the rest...

Biofuels Will Add to Heating Climate, Studies Say

Land likely to be used for production is already helping absorb carbon

(Newser) - Biofuels could hurt Earth more than help it, two new studies conclude. Over 30 years, argues one, corn-based ethanol would spout twice the greenhouse gas of regular gasoline; the other notes environmental damage likely to be wreaked by chopping rainforests and other areas for production, the Washington Post reports. The...

Exxon Posts Historic Profits
Exxon Posts Historic Profits
Feb 1, 2008 8:00 AM CST

Exxon Posts Historic Profits

No US company has ever made more money, quarterly or annually

(Newser) - Exxon Mobil today reported the biggest quarterly and annual profit in US history, the Wall Street Journal reports, as record oil prices propelled net income up 14%, to $11.66 billion, or $2.13 per share. That topped analyst estimates, and investors rushed to the stock in pre-market trading. Annually,...

Clock's Ticking on World Oil Supply: Shell CEO

Energy demand will top supply by 2015

(Newser) - World oil demand will outpace supply in 7 years, Shell's CEO warned in an email sent to employees in advance of the World Economic Forum in Davos, Switzerland. Jeroen van der Veer sees nuclear power, oil sands, and other unconventional energy sources replacing oil and gas out of necessity, whether...

An Oil Giant, Alaska Faces Gas Crisis

Poor infrastructure, focus on oil exploration behind costly supply issues

(Newser) - Alaska—home of America's largest energy reserves—is facing a major energy crunch. The problem is a lack of infrastructure to get natural gas where it needs to be, the Christian Science Monitor reports. "It's the goofiest thing in the world, to be sitting on top of some of...

$200 Oil on Horizon: Economists
$200 Oil on Horizon: Economists
Jan 3, 2008 3:13 PM CST

$200 Oil on Horizon: Economists

Decreasing supply will mean increasing prices

(Newser) - The price of oil could surge to $150 in five years and $200 in 10 years, a prominent German economic institute reports. "Oil supplies are becoming increasingly scarce and that will continue to drive up prices," said one energy expert. Oil prices hit $100 yesterday for the first...

Dems Finish Frustrating Year in DC
Dems Finish Frustrating
Year in DC
Dec 20, 2007 5:45 PM CST

Dems Finish Frustrating Year in DC

Despite control of Congress, cherished initiatives elude them

(Newser) - Democrats are leaving Washington with a decidedly unsatisfactory taste in their mouths after their first year back in charge of Congress in more than a decade, the LA Times reports. Though they can count successes with the energy bill, the minimum wage, and ethics reforms, they failed to put a...

Bush Signs Huge Energy Bill
Bush Signs Huge Energy Bill
Dec 19, 2007 2:00 PM CST

Bush Signs Huge Energy Bill

Law boosts emission standards for first time since '70s

(Newser) - President Bush today signed a sweeping energy bill that will improve automotive fuel-efficiency standards, boost biofuel production, and kill off the incandescent light bulb, the Washington Post reports. Bush said the law would reduce US dependence on foreign oil and even the likelihood of terrorist attacks. Both the White House...

Exxon Plans $1B Floating Refinery
Exxon Plans $1B Floating Refinery
Dec 12, 2007 8:51 AM CST

Exxon Plans $1B Floating Refinery

Platform 4 miles off New Jersey would supply natural gas for 5M

(Newser) - In an effort to bypass project-stalling terrestrial opposition, Exxon yesterday said it plans a $1 billion floating liquid natural-gas refinery 20 miles off New Jersey's coast, Market Watch reports. The project, which could open by 2015, would supply enough natural gas for 5 million residential customers in New York and...

5 Energy-Saving Tips for Your Office

The bottom line looks better with a little green in it

(Newser) - ComputerWorld offerss pointers for corporate offices that want to save energy. Do it for the climate. Do it for your grandkids. But most of all, do it for the bottom line.
  1. Know what you're blowing: Start your energy audit with a meter.
  2. Use those sleep settings, and do so consistently.
...

China to Top US in Energy Use, Pollution

Demand will double in 20 years, says new report

(Newser) - China will bypass the US to become the world’s top energy consumer by 2010, a new study says. Spurred by increased demand for natural resources, the country’s energy consumption will double in just 20 years to satisfy its booming economy, the BBC reports. To quench its thirst for...

Dems Run Risk With Costly Green Reforms

Could win suburban support, but price tag will draw GOP attack

(Newser) - The leading Democratic candidates are committed to far-reaching environmental pledges, surely fueling future GOP attacks—and potentially turning next November in either party’s favor. Barack Obama, Hillary Clinton, and John Edwards have all signed on to 80% cuts in greenhouse gases by mid-century, the Post reports, which could mean...

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