February 2008

A tiny Alaska village eroding into the Arctic Ocean sued two dozen oil, power and coal companies Tuesday, claiming that the large amounts of greenhouse gases they emit contribute to global warming that threatens the community's existence.

The city of Kivalina and a federally recognized tribe, the Alaska Native village of Kivalina, sued Exxon Mobil Corporation, eight other oil companies, 14 power companies and one coal company in a lawsuit filed in federal court in San Francisco.

Gasoline prices, which for months lagged behind the big run-up in the price of oil, are suddenly rising quickly, with some experts saying they could approach $4 a gallon by spring. Diesel is hitting new records daily, and crude oil rose above $102 in trading Wednesday after settling at a record high of $100.88 a barrel on Tuesday.

The increases could not come at a worse time for the economy. With growth slowing, energy increases that were once easily absorbed by consumers are now more likely to act as a drag on household budgets, leaving people with less money to spend elsewhere. These costs could worsen the nation’s economic woes, piling a fresh energy shock on top of the turmoil in credit and housing.

Twelve-month long drop in world temperatures wipes out a century of warming

Over the past year, anecdotal evidence for a cooling planet has exploded. China has its coldest winter in 100 years. Baghdad sees its first snow in all recorded history. North America has the most snowcover in 50 years, with places like Wisconsin the highest since record-keeping began. Record levels of Antarctic sea ice, record cold in Minnesota, Texas, Florida, Mexico, Australia, Iran, Greece, South Africa, Greenland, Argentina, Chile — the list goes on and on.