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Whistleblower Claims IEA Is Downplaying Peak Oil

Whistleblower Claims IEA Is Downplaying Peak Oil: "Yesterday the Guardian ran a story based on two anonymous sources inside the International Energy Agency who claimed that the agency had distorted key figures on oil reserves. 'The world is much closer to running out of oil than official estimates admit, according to a whistleblower at the [IEA] who claims it has been deliberately underplaying a looming shortage for fear of triggering panic buying. The senior official claims the US has played an influential role in encouraging the watchdog to underplay the rate of decline from existing oil fields while overplaying the chances of finding new reserves.' Today the IEA released its annual energy outlook and rejected the whistleblowers' charges. The Guardian has an editorial claiming that the economic establishment is too fearful to come clean on the reality of oil suppplies, and makes an analogy with the (marginalized, demonized) economists who warned of a coming economic collapse in 2007.

Read more of this story at Slashdot.

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Ferrari Confirms Hybrid All-Wheel Drive System For 2014

Ferrari Confirms Hybrid All-Wheel Drive System For 2014: "

I am extremely vocal on the topic of electric cars, especially when it comes to their performance potential. Instant torque is very, very fun—to say the least—and makes a lot more sense on the racing circuit than internal combustion engines (at least in short bursts). Makers of high-end exotics are starting to pick up on this trend, though Ferrari is (as far as I know) the first supercar maker to confirm it will be adding and electric-hybrid to its lineup.

Of course, they claim this is to improve handling and not fuel efficiency. But hey, I’ll take what I can get from the prancing horse.

Read more of this story »

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Global oil demand to rebound, agencies say

Global oil demand to rebound, agencies say: "Two major agencies forecast worldwide energy demand will soon rebound as the global economy recovers, and the U.S. Energy Information Administration raises its forecast for oil prices, in part due to rising appetite in China.

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'Toxic' US ship banned in India

'Toxic' US ship banned in India: "India bans a former US naval ship heading for break-up at a scrap yard on its west coast, citing environmental concerns."

Toyota Surfrider Camry Hybrid CNG at 2009 SEMA Show

Toyota Surfrider Camry Hybrid CNG at 2009 SEMA Show: "

TMS USA Inc. teamed with Surfrider Foundation to create Camry Hybrid fueled by compressed natural gas (CNG). The vehicle was displayed at the 2009 SEMA Show along with two modified Prius gas-electric hybrid vehicles. Natural Gas is perfectly entering in rapidly changing market conditions, CNG is better transport fuel than gasoline, because it is cleaner [...]

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Citroen C-Zero compact electric vehicle

Citroen C-Zero compact electric vehicle: "

Citroen unveiled today the C-Zero, which expands the French manufacturer’s compact vehicle range with a 100% electric solution. The new Citroen C-Zero electric car is developed in cooperation with Mitsubishi, and that is the main reason for its similarity with the i-MiEV. Offering zero fuel consumption, zero CO2 emissions and zero noise, the new electric [...]

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