La Paz (Prensa Latina) The Bolivian government put all oil and gas installations under military protection after opposition groups threatened to cut supplies to Brazil and Argentina. Cabinet spokesman Ivan Canelas said President Evo Morales had ordered the Armed forces to protect oil wells, gas plants and pipelines. Authorities from Chaco, southern Bolivia, had announced […]
Unlike the oil The oil crisis is the product of three developments: an unexpected surge in demand, much of it from Asian countries; a slowing in the growth of world supply; and a shift in the centre of gravity of production from the global North to the global South. But the situation has been made […]
Every time you fill your gas tank, you’re participating in what Texas oilman T. Boone Pickens describes as From January through June, the United States spent $172 billion on crude-oil imports, compared with $103 billion in the first half of 2007. Many economists describe that money as a
BILL MOYERS: You say, “U.S. troops in battle dress and body armor, whom Americans profess to admire and support, pay the price for the nation’s refusal to confront our domestic dysfunction.” What are we not confronting? ANDREW BACEVICH: The most obvious, the blindingly obviously question, is energy. It’s oil. I think historians a hundred years […]
…Not only does every other Arctic nation know that the melting ice caps are opening up new resources in these waters, but they all have done at least something about it, staking their claim in some way to what many believe is an economic treasure chest of energy reserves. That is, every nation except the […]
PARIS (AFP) – Climate change could release unexpectedly huge stores of carbon dioxide from Arctic soils, which would in turn fuel a vicious circle of global warming, a new study warned Sunday. And according to one commentary on the research, current models of climate change have not taken this extra source of greenhouse gas into […]
WASHINGTON Heating oil customers are forecast to see the biggest increases, according to the Energy Information Administration, the non-partisan statistical arm of the U.S. Energy Department. Heating oil users will pay $2,644 on average to heat their homes this winter, up 36.3% from last year. Homeowners with natural gas, the most popular heating source in […]
…China, Germany, Russia and the USA geopolitical convulsion measuring six points on the Richter scale is bound to produce aftershocks. The reverberations of the conflict in the Caucasus are beginning to be felt. We may be unwittingly bidding farewell to the “war on terror”. In any case, the international community has lost interest in Osama […]
Venezuelan inflation may accelerate to 27 percent in 2008, above the government’s 19.5 percent target, as rising consumer demand continues to outpace supply in the oil exporting economy, Finance Minister Ali Rodriguez said. The government is working to curb inflation, the fastest among the 79 economies tracked by Bloomberg, with policies aimed at boosting productivity, […]
Malaysian palm oil producers, which include Sime Darby Bhd. and IOI Corp., should invest in Africa and South America as land for producing the edible oil becomes scarcer at home, a minister said. Growers in the Southeast Asian nation have used up about 4.4 million hectares (11 million acres) of the 6.6 million available for […]
South Africa, which has Africa’s biggest uranium reserves, may limit exports of the metal to ensure sufficient supply of fuel for its existing and planned nuclear power plants. Minerals and Energy Minister Buyelwa Sonjica should approve the policy within the next few weeks, Bheki Khumalo, spokesman for the Department of Minerals and Energy, said in […]
In the steel business, securing coal and iron ore supply is priority No. 1. So when the coal market tightened up this year because of supply disruptions, steelmakers found a solution: invest in coal companies.The latest example came Friday, when Russian steel giant OAO Severstal unveiled a $1.3-billion deal to buy out American producer PBS […]
Yanzhou Coal Mining Co Ltd, China’s No. 3 coal producer by market value, said on Monday it had no plans to raise exports next year due to strong domestic demand.“We will not raise exports next year even if export prices keep rising since we can not even satisfy domestic demand,” Chief Financial Officer Wu Yuxiang […]
Means testing the solar panel rebate scheme has failed to dent demand for the program, a Senate inquiry has found. The Rudd government introduced a means test in its first budget in May, limiting the $8,000 rebate to households earning less than $100,000 a year. The decision angered the solar industry, which warned of job […]
The Zephyr-6, created by UK defence and research firm QinetiQ, flew continuously for 82 hours, 37 minutes. Solar panels glued to its wings and in-built lithium batteries that store power from the sunlight ready for when it is dark allow the unpiloted plane to run day and night.America is looking for new technology to help […]
Sanyo Electric Co Ltd the world’s largest rechargeable battery maker, said on Friday it was in talks with major car makers in Europe, the United States and Japan on the supply of auto-use batteries. Automotive batteries are expected to be a market with huge growth potential for suppliers of rechargeable batteries such as Sanyo as […]
As Mekong River floodwaters in Laos and Thailand recede, indignation with China for its lack of transparency on upstream dam developments is on the rise. China has recently pursued a friendly policy of economic integration with Southeast Asian neighbors but in relation to Mekong River development it has taken what many see as a covetous […]
…Several examples demonstrate our collective failure. First, our transportation infrastructure is crumbling. The proliferation of toll roads in our own front yards demonstrates how our state government has mismanaged the gasoline tax and failed to plan. Similarly, airline delays grow because the federal government has ignored the looming air traffic control system crisis. Next, our […]
Economic trouble has spread far beyond the United States to major countries in Europe and Asia, threatening American businesses with the loss of foreign sales and investment that have become increasingly vital to their sustenance. Only a few months ago, some economists still offered hope that robust expansion could continue in much of the world […]
Global warming and the consequent changes in climatic patterns will have strong impact on fisheries with far-reaching consequences for food and livelihood security of a sizeable section of the population. Some of the impacts are already being felt as reflected by changes in the distribution of fish species in oceans. While the stocks of warmer […]
Subverting the growth-at-all-costs model is appealing but not politically feasible Britain has just suffered its weakest period of growth since the recession of the early 1990s. The economy “ground to a halt” in the second quarter of the year – the worst performance since the first quarter of 1992. The signs are that the news […]
LOS ANGELES (Reuters) – Hydrogen fuel cell cars from nine automakers completed a 13-day cross-country trip this weekend, in the first such mass U.S. crossing for vehicles powered by a zero-emission technology still in its infancy. As firsts go, the event, which ran from Portland, Maine, to the Los Angeles Coliseum, probably would not qualify […]
STOCKHOLM (AFP) Global food needs are expected to roughly double by 2050, at the same time as climate change and dwindling oil reserves are pressuring countries to set aside ever more land for producing biomass to replace greenhouse gas-emitting fossil fuels. These parallel global trends risk colliding with “the water-constrained biophysical reality of the planet,” […]
Q&A: Philip G New, British Petroleum president (global biofuels) At a time when energy experts around the world are debating the Business Standard
As oil and natural-gas prices remain high and lawmakers agonize over whether to drill for oil in environmentally sensitive areas, coal looms as an antidote ABC News
Oil to gas? There’s no easy answer to the conversion conundrum, according to a top state energy official, but with heating oil at historically high prices, an increasing number of Massachusetts homeowners with oil tanks in their basements are pondering the switch. “The issue of getting your home converted from oil to natural gas is […]
KATHMANDU (AFP) The three men standing by their cars as night fell peered into the little white taxi, and recognising the Nepali cab driver as a friend, hissed, “Need petrol? We know where you can get some.” The driver slowed, and said he would return later for the few litres of black market petrol that […]
Power outages lasting as long as 18 hours are causing major disruptions and angering residents of the Dominican Republic. SANTO DOMINGO, Dominican Republic – Gloom has descended over this Caribbean nation as Dominicans endure blackouts with such frequency and duration that tempers are flaring and the economy is foundering. With blackouts lasting as long as […]
ERICE, Sicily The participants were not particularly optimistic. They presented data showing that the boom in biofuels was depleting Southeast Asian rain forests, that
RANDI MITZNER watched in alarm as the cost of driving to work rose from $15 a week three years ago to $35, then $40. One day last spring, she had had enough. Ms. Mitzner, a senior director of human resources at Education and Assistance Corporation in Hempstead, popped the question to her co-worker Charlene Middleton: […]
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