Russia in outer darkness

In outer space, as everyone knows, the absence of the force of gravity produces the appearance of weightlessness. Everything floats away. The markets have decided that Russia is now without gravity; its equities are without weight, and at risk of floating away. Late last year, the RTS, the principal stock market index, starting decoupling from […]

Producer Spending Cuts May Shape Future Oil Price Rebound

NEW YORK -(Dow Jones)- A sharp reduction in spending by oil producers points to a rapid recovery for oil prices once the economic downturn begins to alleviate. Oil prices are showing signs of having hit bottom, trading recently at $41.83 a barrel, close to where the market stood at the start of December. The global […]

Natural gas glut could hit U.S.

As many as seven massive natural gas export terminals are expected to start up overseas this year, expanding worldwide capacity by 20 percent and flooding markets with new supplies of the key power plant and heating fuel. Dozens of new tankers capable of carrying natural gas in a liquefied form are slated to hit the […]

Rising sea salinates Ganges – expert

KOLKATA (Reuters) “This phenomenon is called extension of salt wedge and it will salinate the groundwater of Kolkata and turn agricultural lands barren in adjoining rural belts,” said Sanyal, an expert in global warming. Sea levels in some parts of the Bay of Bengal were rising at 3.14 mm annually against a global average of […]

Britain ‘must revive farms’ to avoid grave food crisis

Top thinktank issues stark warning of unrest over prices and says GM crops could offer a solution Britain faces a major food crisis unless urgent steps are taken to revive its flagging agricultural sector, warns one of the world’s most influential thinktanks. Following a week in which world leaders and the United Nations expressed deep […]

Wind turbine firms feel downturn’s pinch

Some put projects on hold, hope for industry rebound Last summer, wind turbine manufacturers couldn’t make parts fast enough to meet demand. Now, industry executives say, financing has all but disappeared because of the economy, causing some planned projects to be put on hold. Unless there’s a robust economic rebound, or the government steps in, […]

Oil players stockpile cheap crude on tankers

Oil demand has plummeted along with home prices and stock market indexes, but discerning where energy demand could go in 2009 isn It

Sarah Palin: The case for drilling in ANWR

I AM DISMAYED THAT LEGISLATION HAS AGAIN BEEN INTRODUCED in Congress to prohibit forever oil and gas development in the most promising unexplored petroleum province in North America — the coastal plain of the Arctic National Wildlife Refuge, in Alaska. Let’s not forget: Only six months ago, oil was selling for nearly $150 per barrel, […]

Iraq oilfields ready for revival, await foreigners

BASRA, Iraq (Reuters) – Next to a pipeline snaking across a desert in Iraq’s south, villas built to house an expected influx of foreign oil workers stand empty. Nearby, a faded plaque in Russian and Arabic commemorates the opening of a pumping station in 1972, a reminder of the foreign ties that helped Iraq develop […]

Talks ongoing for new refinery workers contract

HOUSTON (Reuters) – United Steelworkers negotiators and oil company representatives returned to the bargaining table Sunday, one day after telling thousands of U.S. refinery and chemical plant workers to stay on the job as they try to hammer out a new national contract. The USW decided Saturday night to extend the current agreement on a […]

Stern recipe for change

To stop the world warming we have to cut our carbon emissions to African levels It may be crippled and reviled, but Britain

Utilities Turn Their Customers Green, With Envy

A frowny face is not what most electric customers expect to see on their utility statements, but Greg Dyer got one. He earned it, the utility said, by using a lot more energy than his neighbors.

Peak Gold: Yellow Metal reserves are depleting

You have heard of Peak Oil, as the world is increasingly debating the maximum rate of oil production because oil reserves are depleting in comparison to the rising demand for energy. But have you heard of Peak Gold? Similar to Peak Oil, we have these days a Peak Gold phenomenon whereby demand for gold is […]

Bid to unify German environmental law fails: minister

Germany’s environment minister declared as dead in the water Sunday a mammoth project almost two decades in the making aimed at hacking through the mass of red tape that is German environmental legislation. “Germany will remain without a simple, transparent, unbureaucratic and all-encompassing environmental rule book,” Environment Minister Sigmar Gabriel said in a statement. “The […]

Projects

DAMMAM

Water security on Kaua

The Garden island, known for its ample rainfall and verdant tropical landscape, is home to the wettest spot on earth. Why then, would we possibly ask our community to focus on our water supply when there are so many other critical energy issues to be addressed? Volatile electricity costs, a crippled economy, health care, food […]

Arab analyst blames Opec for collapse in prices

A prominent Arab energy analyst has blamed Opec for the collapse in crude prices, saying the oil cartel has failed to fully comply with output cuts and kept sending contradicting messages to the already sceptic market. Nicholas Sarkis, Director General of the Paris-based Arab Petroleum Research Centre (APRC), which acts as an adviser to the […]

The farms race

Wealthy countries short of fertile land are gazing hungrily at Canada’s prairies The Arab states invest their oil fortunes in the craziest things, from the proposed Mile-High Tower in Jiddah to the indoor ski resort in dry-as-dust Dubai. Perhaps the craziest idea yet is Saudi Arabian wheat. Some 30 years ago, the lake- and river-less […]

Two children should be limit

Jonathon Porritt, who chairs the governmentA report by the commission, to be published next month, will say that governments must reduce population growth through better family planning. http://women.timesonline.co.uk/tol/life_and_style/women/families/article5627634.ece

Ireland

The Irish government needs to spend at least Purvin and Gertz, the international energy consultancy, and Byrne O Cleirigh, the Irish consultant engineer, say Ireland needs to spend

As Economy Sinks, Russians Protest

MOSCOW The government has allocated billions of dollars to bail out troubled banks and companies but has yet to put forward a clear long-term strategy for dealing with mounting unemployment and a rapidly devaluing ruble. Other demonstrations against the government, as well as some in support, were held in several cities throughout the country, Russian […]

It’s useless forecasting oil price: Shell chief

Concern is rising among top energy officials that the oil industry is facing a deeper set of financial ailments and future supply problems. According to industry estimates, around $100 billion (Dh367 billion) worth of oil and natural gas drilling projects – mostly in nations that aren’t members of the Organisation of Petroleum Exporting Countries (Opec) […]

Parched: Australia faces collapse as climate change kicks in

Leaves are falling off trees in the height of summer, railway tracks are buckling, and people are retiring to their beds with deep-frozen hot-water bottles, as much of Australia swelters in its worst-ever heatwave. …Ministers are blaming the heat At times last week it seemed as if that was happening already. Chaos ruled in Melbourne […]

Riot? If I were 20 years younger I would take to the streets

The riots in Paris and the demonstrations against foreign work forces being used at British oil refineries and a power station seemed to be a presentiment of widespread civil disturbance, especially in this country. We are, after all, only at the beginning of a slump which is predicted by the IMF to hit Britain more […]

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