U.S. Can Eliminate Oil Use in a Few Decades
Amory Lovins and the Rocky Mountain Institute have come up with a proposal to save American capitalism from the end of the age of oil.
Why does Wall Street continue to look down on renewable energy?
If alternative-energy companies are so hot, why are their stocks so unpopular? Record-high oil prices make wind and solar increasingly competitive. Fear of climate change should brighten prospects for any alternative to fossil fuels, which release the greenhouse gases that cause global warming. Yet over the past two years, the worldwide stock-market value of companies developing renewable energy—which includes everything from wind and solar to recycling—fell from $13 billion to $10.7 billion, while the value of fossil-fuel companies surged to record highs of more than $1.2 trillion.
Turbulence over turbines in Cumbria
In the blustery northwest corner of Cumbria, wind farms are becoming part of the landscape.
Thoughts on the Oil Bubble
No matter when that peak occurs, though, the indisputable fact is that a few generations of humans—particularly we Americans—will have squandered a geological resource that took several hundred million years to accumulate.
US: New life for old nuclear plants
Despite concerns over safety, including uncertainty over how long the reactors will be able to keep running, some licenses have been renewed through 2040.
UK: Minister rejects nuclear option
Building nuclear power stations would risk landing future generations with ‘difficult’ legacies, the Environment Secretary, Margaret Beckett, warns today in a clear rebuff to the nuclear industry.
India: Coke, Pepsi attacked over ground water issue
Coke and Pepsi today came under attack from some social organisations for alleged excessive use of ground water and causing pollution.
India steps up quest for energy supplies
High prices are unlikely to erode India’s booming demand for oil and the country has stepped up negotiations with producer nations to secure its energy supplies, said oil minister Mani Shankar Aiyar.
West Africa, a big exporter to the U.S., demonstrates the ‘paradox of plenty’
While sought-after commodities like oil can generate immense revenues for an exporting nation, they can also end up inflicting great damage on its economy and political culture.
Crude dudes
Ties together the cash-rich oil multinationals, US VP Cheney’s Energy Task Force, and the drive to privatise Middle East oil reserves via a war for ‘freedom and democracy’.
Get used to high oil prices, they are here to stay
Oil prices may have fallen about 10 per cent from their high near $US50 a barrel in mid-August, but that’s not deterring fund managers, many of whom say the long bull run has a lot of life left in it.
YUKOS raises Yugansk reserves estimate fivefold
Russian oil major YUKOS, fighting to prevent a cheap fire sale of assets in a tax dispute with the state, boosted oil-reserve estimates of its core Yugansk unit fivefold today.
