The Curse of Natural Resources

Many countries with enormous reserves of oil, gas or precious metals, are plagued with disproportionate poverty, corruption and mismanagement. Would the people in Nigeria, Congo or Russia be better off without their natural gifts? A thick sludge laps against the coconut palms, black and foul-smelling. The banana plants are blackened with oil as well; they […]

Solar power may soon bring the Web to remote areas

“One laptop per child” was the ambitious promise a group of MIT faculty members made to the world in January last year. The idea to develop and produce millions of simple, Internet-capable $100 laptops and give them to the poorest kids on the planet sounded appealing. But just how children in remote villages in sub-Saharan […]

Eni declares force majeure on Nigeria oil field

LONDON (Reuters) – Italy’s Eni declared a force majeure on 50,000 barrels of crude lost at its Brass River oil field in Nigeria after a sabatoage attack late last month damaged its pipelines, a company official said on Friday. “It was an act of sabatoage on August 24,” the Eni official said. “We realized something […]

‘Peak-oil’ doomsayers catch Wall St.’s attention

The death of cheap, abundant crude oil, the forecasters warned, might unleash war and plunge the world into a second Great Depression. That is not the prophecy of some apocalyptic cult. Kadijk, a hedge fund adviser, had flown from Amsterdam to attend a conference on a geologic theory known as peak oil. Proponents of this […]

Russia tells Shell to review pipelines

Russia’s environmental watchdog, which has already ordered to Royal Dutch Shell to stop work on onshore pipelines on Sakhalin, said on Wednesday the group needed to redraw the plan. “Onshore pipeline construction can be resumed only after the project is reworked, that it meets all environmental requirements and is discussed with scientists and independent environmental […]

Wind Power Flounders in Japan

A national plan to triple use of electricity generated from the wind is being undermined by utilities such as Hokkaido Electric and Tohoku Electric Power Co., which are concerned about power surges from wind farms. Unlike Germany, the world’s largest wind-power generator, Japan lacks the national grid needed to iron out supply fluctuations from wind […]

Iraq: Government Struggles To Revive Oil Infrastructure

While it appears that the government has a short-term plan to address the crisis, it remains unclear whether Iraq has a plan to meet the country’s long-term oil needs. Much will depend on the state of security in the coming months. According to recent press reports, the Oil Ministry intends to bring several new refineries […]

Nigerian Oil Workers Declare ‘Warning Strike’

Nigerian oil unions have declared a three-day ‘warning strike’ to protest worsening violence and kidnapping of workers in the Niger Delta. The unions are demanding steps to improve the situation or they may withdraw their members from the region, indefinitely.Voice of America

‘Compost effect’ may cause global warming to reach crisis point in 2050

The world faces a catastrophic rise in global warming in 2050 unless urgent action is taken to cut human-induced carbon emissions, a leading academic warned yesterday. Professor Peter Cox, of Exeter University, told the Royal Geographical Society annual conference that temperatures could rise 8C by 2100 because of a “compost effect” which could see carbon […]

Tories ‘green’ tax plans target aircraft and cars

Taxes on motoring, flying and other polluting activities would rise under a Conservative government, according to George Osborne, the Shadow Chancellor. He said that the Tories would raise more money from green taxes and less from taxes on employment, investment and savings. The policy is aimed at giving the Conservative Party a green image, but […]

California sees ‘greenrush’ in global warming move

In a land where fortunes were spun from gold, films and silicon chips, California’s leaders envisage a “greenrush” with their groundbreaking law to fight global warming. California’s legislature approved the Global Warming Solutions Act of 2006 on Thursday that will make the state the first to cap greenhouse gas emissions, despite opposition from industry and […]

Preparing for a Crash: Nuts and Bolts

EnergyBulletin.net – This essay is intended to address the serious EnergyBulletin.net

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