Waving Goodbye to Hegemony

…It is 2016, and the Hillary Clinton or John McCain or Barack Obama administration is nearing the end of its second term. America has pulled out of Iraq but has about 20,000 troops in the independent state of Kurdistan, as well as warships anchored at Bahrain and an Air Force presence in Qatar. Afghanistan is […]

OPEC To Keep Output Level At Feb Meeting – Gulf Delegate

DUBAI -(Dow Jones)- The Organization of Petroleum Exporting Countries is expected to keep its crude oil output level unchanged when the group’s 13 members meet in Vienna on Feb. 1, a senior OPEC delegate told Dow Jones Newswires on Sunday. “I don’t think an action will be taken during the meeting,” the Gulf-based delegate said. […]

Future of Venezuelan oil company will have ripple effects far and wide

…Since Chavez took power in 1999, oil production in Venezuela has declined by 28 percent, the company’s debt has soared, corruption has flourished, foreign oil partners have pulled out, PDVSA’s payroll has skyrocketed and the company has taken to hiring employees for their fealty to Chavez, not their expertise. PDVSA will continue to supply mountains […]

Big business says addressing climate change ‘rates very low on agenda’

Global warming ranks far down the concerns of the world’s biggest companies, despite world leaders’ hopes that they will pioneer solutions to the impending climate crisis, a startling survey will reveal this week. Nearly nine in 10 of them do not rate it as a priority, says the study, which canvassed more than 500 big […]

Wind farms turn huge profit with help of subsidies

LAVISH subsidies and high electricity prices have turned Britain Since such turbines cost around

Africa: Biofuel-Chasing EU Puts Pressure On Grains Supply

The decision by the European Union not to review its controversial biofuel consumption targets is expected to pile more pressure on the critically low global cereal stocks, analysts said. A new climate change plan released by the EU indicates that Europe remains committed to switching 10 per cent of all transport fuel to biofuels by […]

South Africa: Maize Farmers Lobby to Supply Biofuel Industry

South African maize farmers are pushing hard to change a government decision to exclude their crops as feedstock for bioethanol, in view of food security concerns. Shortly after the government unveiled its biofuel strategy last December after months of dilly-dallying, Minister for Agriculture, Lulu Xingwana, opened a small window of hope for the maize and […]

China’s Snowstorms Trigger Alert, Coal-Shipment Boost

China issued a weather alert and increased coal shipments to ensure supply as heavy snow that has blanketed parts of the nation is forecast to continue. At least 30 flights from Beijing airport were canceled. The alert, designated as level 2, includes 24-hour weather monitoring and warnings, as well as speedy disaster relief, Zheng Guoguang, […]

Britain ‘facing energy shortfall’

Britain is likely to face a shortfall in electricity generation within five to seven years, a report concludes. Energy and environment consultancy firm Inenco says that the number of nuclear and coal plants coming out of service over the period makes shortages likely.Old coal plants, whose operating hours are limited under European legislation, have been […]

South Africa declares electricity emergency

Leading South African gold and platinum mines stopped production today because of a lack of power, as the Government announced emergency steps to deal with outages causing chaos and misery and threatening economic growth. Neighbours like Botswana and Namibia, which rely heavily on South African energy exports, have also been badly hit by the disruptions […]

Why the Nuclear Energy Path is Suicidal

Nuclear energy is the poorest yielder in terms of investments and is also the unsafest. Its every step bristles with radioactive hazards while the solar and other forms of renewable energy are abundant producers, non-polluting, free from hazards, and are far cheaper in costs. The following are the reasons why the nuclear path must not […]

India: Full oil price burden cannot be passed on: Chidambaram

Indicating a possible moderate hike in fuel rates, Finance Minister P Chidambaram has said India cannot pass the full burden of runaway rise in crude prices to consumers who will be pushed to “misery” by such a move. “(Even) if oil prices touch 100 dollars a barrel, we cannot pass the burden to consumers as […]

Secret of treasure islands

The Falklands is sitting on deep-sea oil riches that could turn out to be worth a fortuneLater this year, the Falklands’ 3,000 islanders should learn whether it will become the richest nation on earth. A floating oil rig will drill up to a dozen test wells deep into the sea bed around the British overseas […]

Iraqi Minister: Race for New Oil Fields

An Iraq at peace may be capable of pumping substantially more than 5 million barrels of crude a day – and the world’s big oil companies want to be part of the action if and when it does. With violence down and production up, Iraq says output reached nearly 2.5 million barrels a day last […]

Scientists Build First Man-Made Genome; Synthetic Life Comes Next

Scientists have built the first synthetic genome by stringing together 147 pages of letters representing the building blocks of DNA. The researchers used yeast to stitch together four long strands of DNA into the genome of a bacterium called Mycoplasma genitalium. They said it’s more than an order of magnitude longer than any previous synthetic […]

Chavez: Pull Reserves From US

Venezuelan President Hugo Chavez urged his Latin American allies on Saturday to begin withdrawing billions of dollars in international reserves from U.S. banks, warning of a looming U.S. economic crisis. Chavez made the suggestion as he hosted a summit aimed at boosting Latin American integration and rolling back U.S. influence. “We should start to bring […]

Pan American Energy finds oil reserve in Argentina

BUENOS AIRES (Reuters) – Pan American Energy has discovered an oil reserve in southern Argentina in one of the biggest such finds of recent years in the energy-hungry country, a provincial governor said on Saturday. Buenos Aires-based Pan American, which is controlled by BP Plc (BP.L: Quote, Profile, Research), is Argentina’s second-biggest oil producer and […]

Green daze

The fashion industry has caught the eco bug and is blinding us with a barrage of ethical products. Is this really going to save the planet? Anna is confused. She loves shopping and holidays, and since green became the new black, she has been rigorously exercising her credentials as an eco-conscious consumer. She insists that […]

Chavez accuses US of military plot

President Hugo Chavez has accused neighbouring Colombia and the US of plotting a military “aggression” against Venezuela. “I accuse the government of Colombia of devising a conspiracy, acting as a pawn of the US empire, of devising a military provocation against Venezuela,” the left-wing leader said. “A military aggression is being prepared from Colombia against […]

Navy may revive 4th Fleet in S. Atlantic, Caribbean

MIAMI Military analysts said the establishment of a 4th Fleet admiral could elevate Southcom’s prominence in discussions on where ships are deployed

Humans have pushed planet into a new geological era, experts say

…All of recorded human history has taken place within the Holocene. But now, a distinguished group of British geologists has provocatively proposed that the Holocene is over and that we have entered a new geological era — the Anthropocene — in which humans have left such a distinctive footprint on the Earth’s surface through carbon […]

Mexico’s Cantarell Dec oil output hits 2007 low

MEXICO CITY (Reuters) – Crude oil output from Mexico’s huge but aging Cantarell offshore field fell to 1.260 million barrels per day in December, the energy ministry reported on Saturday. It was the field’s lowest monthly output level last year and a 16 percent drop from December 2006’s 1.493 million bpd. The fall in output […]

Carstens Says Oil Will Help Mexico Increase Government Spending

(Bloomberg) — Mexican Finance Minister Agustin Carstens said higher oil prices will allow the government to increase spending as a slowdown in the U.S. threatens economic growth. “One factor that will help to counterbalance this is the increase of the oil prices,” he said in an interview at the World Economic Forum’s annual meeting in […]

In oil-rich Alaska, an energy crunch

A shortage of natural gas besets the state’s most populous area. In rural outposts, energy costs spike. Kenai, Alaska – On the shore of Cook Inlet, site of Alaska’s oldest oil- and gas-producing basin, the Agrium Inc. fertilizer plant for four decades produced a steady supply of urea and ammonia for international agricultural and industrial […]

Plan ahead to avoid fertilizer shortages

Supplies of nitrogen fertilizers, as well as phosphorus and potassium fertilizers, are tight throughout the United States, making this the time to plan ahead, a Kansas State University agronomist said. In fact, it is currently difficult to buy fertilizer nitrogen for winter wheat topdressing and/or this spring “The tight supply situation applies to all the […]

China: No efforts spared to get coal to power plants

According to a report from the China Central Television (CCTV), China In light of the fact that the coal storage shortage is endangering some south China power plants, the MOC has mandated that every shipping enterprise first meet these plants

An empire from a tub of goo

How did the quest to retrieve the treasure hidden beneath huge swaths of northern Alberta go from fool’s errand to monumentous payoff? Murray Smith remembers what happened on the morning of April 9, 2003, the way other Canadians remember Paul Henderson’s miracle goal against the Russians. For Mr. Smith, then Alberta’s energy minister, the big […]

Elites love to pig out on energy

“We use 30 per cent of all the energy … That isn’t bad; that is good. That means we are the richest, strongest people in the world and that we have the highest standard of living in the world. That is why we need so much energy, and may it always be that way.” Since […]

We’ll Begin To Run Out of Oil Within 7 Years

DEMAND for oil and gas will outstrip supply within seven years, the head of one of the world The comments, from the boss of a multinational energy giant, will be seen as a wake-up call to the world. If proved correct, the shortages would have have devastating consequences for almost everyone. Oil and gas prices […]

Iraq ratifies Kyoto Protocol on climate change

BAGHDAD (AFP) – Iraq has formally ratified the UN’s Kyoto Protocol on climate change, according to a government statement seen by AFP on Saturday. “The presidential council ratified in its session on January 23 a law according to which the Republic of Iraq will join the United Nations Framework Convention on Climate Change and its […]

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