Fed. Reserve Governor Says Days of Cheap Oil Are Over
Federal Reserve Governor Ben Bernanke said the days of cheap oil are likely over, although he expects the economic consequences of higher energy prices will be “manageable.”
Mark Cotton
CGES: OPEC pushing limits of oil production capacity
According to a report by the London-based Centre for Global Energy Studies, most members of OPEC are pushing the limits of their oil production capability, and some probably are finding that their sustainable capacity is not as high as originally thought.
420 Million: America’s New Population Boom
Just like rising energy demand, global warming, and racial distrust, America’s population boom is escaping serious attention from both presidential candidates. This is happening —or rather, not happening — even though the United States is growing more rapidly than it ever has before.
Iran: The dangers of playing hardball
The month of November in a US presidential-election year is not supposed to be particularly eventful, but this year may be an exception, in the light of the gathering storm over Iran’s nuclear program, due to be reviewed by the United Nations’ nuclear watchdog, the International Atomic Energy Agency (IAEA), in late November.
China set to buy Canadian
China’s Communist rulers have a blunt message for anyone who frets about the planned Chinese takeover of Canada’s biggest mining company: Get ready for more to come.
Breaking free from energy dependence
Short of radically altering America’s driving habits, the United States cannot achieve energy independence without spending billions of dollars on new initiatives. And no political consensus exists to spend those sums despite decades of promises to cut oil imports. But new plans are emerging that might sway lawmakers.
LNG boom needs terminal sites
In a rush to take advantage of high gas prices and low importing costs for liquefied natural gas, U.S. energy companies have been working to open LNG facilities on the nation’s East, West and Gulf coasts.
US: Ailing airline Delta reports wider loss
Delta Air Lines Inc. reported a much wider third-quarter loss despite a rise in revenue and warned that its financial situation has worsened to the point where it needs to significantly reduce its costs quickly to turn things around.
Brown Sees Short Path to Oil Independence
“With the price of oil above $50 a barrel, with political
instability in the Middle East on the rise, and with little
slack in the world oil economy, we need a new energy strategy,”
says Lester R. Brown, president of the Earth Policy Institute, a
Washington, DC-based research institute. “Fortunately, the
outline of a new strategy is emerging with two new technologies.”
Nuclear plant radiation may be 10 times previous estimates
Low-level radiation from nuclear plants may be up to ten times more hazardous than has been previously estimated, a panel of experts said today.
‘SA may be forced to turn to nuclear power’
In what appears to be a move to pave the way for the Pebble Bed Modular Reactor (PBMR), Maqubela said if South Africa continued to rely primarily on coal, the country would not be able to commit itself to reducing CO2 emissions.
Mortgage monster scares market
THERE is a volcano rumbling in the US, with many praying it does not erupt. Concerned observers of the accounting troubles at mortgage financier Fannie Mae include both the International Monetary Fund and the Federal Reserve Bank.
