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OIL RISES, OIL FALLS

Financial Sense, 29 January 2009

From the drilling of the first oil well in 1859, the oil industry has been locked into a perpetual boom-and-bust cycle. During the early days booms and busts were brought on by dramatic swings in the supply vs. demand equation.

Ford reports $5.9 billion fourth-quarter loss

MSNBC, January 2009

Ford Motor Co. said Thursday it lost US$5.9 billion in the fourth quarter and burned through $5.5 billion in cash as sales slumped, but the company still says it does not plan to seek federal loans.

Saudi could pump less oil despite budget, gas issues

The Guardian, 28 January 2009

Top oil exporter Saudi Arabia may cut output more, as it seeks to put a floor under oil prices, in spite of the challenges that would pose to domestic energy supply and to its budget. The kingdom plans to pump in February below its OPEC target of 8.05 million barrels per day (bpd), undershooting what was already a record OPEC supply cut agreed in December.

Sun, sea and sewage in the playground of the rich in Dubai

The Times, 29 January 2009

A noxious tide of toilet paper, raw sewage and chemical waste has transformed Dubai’s most prestigious stretch of shoreline into a foul-smelling health hazard. A stretch of the exclusive Jumeirah Beach — a magnet for Western tourists and home to a string of hotels — has been closed.

Takeoff time for guilt over air travel

The Guardian, 28 January 2009

Voters are ready to accept a steep rise in air fares to reduce the environmental damage caused by flying, the annual British social attitudes survey reveals today. The survey found a big change in levels of public concern about the environment since its researchers began monitoring it in 2004.

Ailing car firms must go green to get help

The Independent, 28 January 2009

Lord Mandelson faced charges of producing too little and acting too late as he set out a £2.4bn rescue package for Britain's beleaguered car industry. The Business Secretary linked the cash – which was far less than the £13bn demanded by the unions – to manufacturers developing green technology.

Aptera sets October delivery date for three-wheeled electric vehicle

CleanTech, 23 January 2009

One of the stranger-looking representatives of the electric car revolution is approaching its public debut. The Aptera 2e, an all-electric car that the company calls an “aerodynamic marvel,” has reached pre-production and is scheduled to start being manufactured in October of this year.

Detroit Calls Emissions Proposals Too Strict

New York Times, 26 January 2009

Automakers said Monday that they were working toward President Obama&rs

New papers developed by STC Committee

The STC Committee recently approved final versions of the following papers: light rail- http://www.stcwa.org.au/images/light_rail.pdf and definition of sustainability-  http://www.stcwa.org.au/images/stc_sus_defn.pdf and both are now posted on the Research section of the STC web site: http://www.stcwa.org.au/index.php?option=com_co

Imported biofuel a risk to wildlife

The Australian, 27 January 2009

AUSTRALIA is contributing directly to the widespread destruction of tropical rainforests in Indonesia and Malaysia by importing millions of tonnes of taxpayer-subsidised biodiesel made from palm oil. Imports of the fuel are rising, undermining the Rudd Government's $200 million commitment to reduce deforestation in the region – a problem that globally contributes to 20 per cent of the world's carbon emissions

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