Energy independence should be top priority: Kalam

With complexity gripping talks between India and the US on the nuclear deal, President APJ Abdul Kalam has said energy independence should be the country’s top priority and suggested development of nuclear power using thorium which is abundantly available at home. “Nuclear power generation has been given a thrust by the use of uranium-based fuel […]

Transport expert tells the Assembly to get on its bike

Wales needs showcase cycle towns for thousands of people to get regular exercise, but ministers are too focused on big projects like flights between North and South Wales, it was claimed yesterday. That damning verdict was delivered by a transport expert who is helping to mastermind the bicycle’s rebirth in England. Lynn Sloman, who lives […]

More fuel woe for Japan Airlines

Asia’s largest carrier, Japan Airlines (JAL), has remained mired in the red in the third quarter of its financial year, hit by the soaring cost of fuel. It also suffered from weak demand for flights to China where anti-Japanese rallies flared in 2005 after Tokyo backed a controversial history book. BBC

In the Mideast, oil or nothing?

With the world’s third largest gas reserves, Qatar can afford plenty of real estate excesses as well as more admirable investments in education, a science park and a television channel – Al Jazeera – that challenges the intellectual and political stagnation of the Arab world as much as it confronts the hegemonistic assumptions of the […]

Politics May Slow Pace of Norway’s Petroleum Devt

The oil industry warns that Norway’s failure to find and develop further sources of oil and gas could hasten a decline in the country’s supplies to the world market, with worst-case scenarios predicting Norway’s total oil and gas output to fall by 70% in the next 10 years. If the country were to move ahead […]

Fuel costs ‘drag’ Ryanair profits

Low-cost airline Ryanair has seen its profits hit by rising fuel costs in the third quarter of the financial year. The Dublin-based carrier said adjusted profits to 31 December, after tax, rose to 36.8m euros ( BBC

Nigeria of the North: oil sands frenzy threatens Alberta environment

Record profits coupled with little or no regulation of the oil industry, and it’s off to the races once again in Canada as far as natural resources versus the health of the environment are concerned. This time the triggering mechanism is the tremendous petroleum reserve contained in Canada’s oil sands (formerly known as tar sands). […]

China battling to kick the oil habit

TWO-TRACK APPROACH: Although President Hu Jintao preaches energy efficiency and alternative fuels, China continues to scour the planet in search of oil. Days before a Chinese firm announced a US$2.3 billion investment in a Nigerian oil field last month, Chinese President Hu Jintao warned that China has to rein in surging energy use that has […]

Analysts predict skyrocketing oil price to hit $80

World oil prices will likely skyrocket and hit record $80 US levels by the end of the year amid continued unrest on the world stage, including the ongoing nuclear saga with Iran, say analysts. “We think things are just going to continue to heat up and prices to consolidate during this quarter near the old […]

Tracking all that oil money

Say you’re an international oil company making more money than the gross domestic product of Latvia. What do you do with all that cash? More likely than not, you’re going to shower billions of it on your stockholders. You’ll build up your own cash stockpile, just in case you want to buy one of your […]

The hidden stakes in the Iran crisis

The seizure of Iran by the USA would mean them taking control of both the East bank of the Persian Gulf and the Southern Caspian, including their reserves of oil and gas estimated to be the second largest in the world. Already the US have military control of part of the Caspian basin and of […]

ISRAEL & THE IRANIAN OIL BOURSE REALITY

Soon after the invasion of Iraq by the United States and Britain, the Bush administration re-converted Iraq’s oil transaction currency back to the U.S. petrodollar. Iraq under Saddam Hussein in the year 2000 required that euros be used as payment for its oil sales. This conversion by Iraq was an underlying reason for the invasion […]

Eco-friendly transmission could add 20-30 mpg

A transmission’s primary job is to allow a car’s engine to operate in four or five different speeds. Today’s four- and five-speed automatic transmissions need torque converters with coolant, radiators and hoses thewatt

Venezuela Tells International Oil Majors to Cut Booked Reserves

Venezuela’s energy minister yesterday told major international oil companies operating in the country to cut Venezuelan oil reserves they booked with the U.S. Securities and Exchange Commission because of changes in Venezuela’s oil laws. Companies such as BP, Total and Chevron will be affected, said Oil Minister Rafael Ramirez. rigzone

Hopes for alternative energy vary with location

How Congress responds to President George W. Bush’s call to reduce foreign oil dependence through more alternative fuel production may have as much to do with geography as partisanship. But to what degree specific fuel technologies, research labs and private companies should benefit from the roughly $1 billion Bush said he will propose in the […]

IAEA reports Tehran to UN

THE UN nuclear watchdog has voted to report Iran to the United Nations Security Council over fears it is developing atomic weapons, sparking a defiant response from Tehran. Iran immediately retaliated by saying it would begin full-scale uranium enrichment and would limit UN nuclear inspections. theaustralian

Winds of climate change are about to make their impact

Economics is a discipline in which the factors of production – capital and labour – are supposed to be harnessed to maximise production at the cheapest price. By this yardstick, an economy is doing twice as well if it is growing at 4% rather than 2% and disastrously badly if consumers are not in the […]

Senators Release Bipartisan White Paper on Climate Change

The two Senators leading the Senate greencarcongress

UK banks caught in Iran sanctions probe

HSBC and Standard Chartered have been caught up in a US Justice Department probe into violations of sanctions on Iran. The investigation has already led to a $80m (The Independent

Anger over ‘25% gas price hike’

Consumer groups have reacted angrily to a claim that gas bills are about to leap by 25%, thought to be the biggest single increase ever. Age Concern warned that higher bills could lead to more deaths of the elderly while gas and electricity watchdog, energywatch, said that if there were such an increase, it would […]

Business sector backs biofuel bill

Big business has asked Congress for the immediate passage of the law mandating the blending of coconut oil-based fuel with diesel, and alcohol from plants with gasoline, for all types of motor fuels sold in the country. In a position paper submitted to the Senate committee on energy, Federation of Philippine Industries president Jesus Arranza […]

Preparing for life after fossil fuels

“In Australia in the short term, biodiesel is going to be a significant contributor to meeting the Government’s biofuel target and exceeding it.” ..Biodiesel home-brewer Wayne reckons there’s a future for independent producers. “I’d like to be self-sufficient,” he says. “I’m not a tree-hugging hippie. I just consider I’m a fairly ordinary guy. I’m still […]

Global warming threatens Tibet rail link

Global warming could threaten the new Qinghai-Tibet Railway, the world’s highest, within a decade, a Chinese researcher said in remarks published on Sunday. Wu Ziwang, a frozen soil specialist at the Chinese Academy of Sciences, told the official Xinhua news agency his research over three decades revealed large areas of the Qinghai-Tibet plateau showed signs […]

Polar bear deaths are a strong sign of global warming’s effects

Scientists for the first time have documented multiple deaths of polar bears off Alaska, where they likely drowned after swimming long distances in the ocean amid the melting of the Arctic ice shelf. In a quarter-century of aerial surveys of the Alaskan coastline before 2004, researchers from the U.S. Minerals Management Service said they typically […]

Let the market cure America

HE came, he saw, he spoke. His was the sound; the opposition Democrats, sullenly refusing to applaud at many points, provided the fury; and sober reflection reveals the significance of the State of the Union address to be nothing at all. President George Bush, apparently satisfied with the few cuts that Congress enacted last week, […]

Planet savers: do they pass their practical?

Every self-respecting car maker needs an eco-friendly vehicle in its range. No manufacturer accepts blame for global warming, but most accept they are going to be demonised if they don By no means everyone acknowledges a link between man-made CO2 and global warming in any case. Nonetheless, there are 30m cars on UK roads alone, […]

Oil giants can’t drill fast enough

Investment in new fields is being hit by shortages of skills and equipment. THERE were only two of them when Colin Manson and a colleague set up shop in Aberdeen five months ago. Since then Manson Last week, Exxon Mobil, the world

Car worship is killing the once-great US railroad. Is ours in danger, too?

Even by his own standards of incoherence, George W Bush pulled a cracker when he declared Americans to be ‘addicted to oil’ and thus managed to be wrong twice in three words. They are not addicted – there is no compulsion involved – they are obsessed. And not with the gloopy gallon itself, but with […]

Pipeline Starts Dawn-to-Dusk Curfew

Kenya Pipeline Company yesterday announced a dawn-to-dusk curfew along its pipeline after rising incidents of vandalism and issued a shoot-on-sight order…Unreliable power supply has so far cost the company Sh400 million (about 5.6 million USD) as it affects the company’s ability to pump oil, hence delays in delivering the commodity. Chief technical manager Absalom Kosgei […]

Fuel Hikes – Business Feels the Pinch

Recent increases in petrol and diesel prices will compel businesses to adjust production costs and product pricing to cushion the negative effect of the price hike. ..Mihe Gaomab II, an economist with the Namibian Economic Society (NEC), says the recent fuel increases will definitely affect both the shipping and fishing industries as well as the […]

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