Pictures: Eleven Nations With Large Fossil-Fuel Subsidies

Governments spend billions of dollars each year to keep the price of fossil fuels low, burdening state finances and encouraging wasteful energy consumption. Fire spreads through a Tehran gasoline station in 2007, the kind of protest that has paralyzed governments around the world that are addicted to fossil-fuel subsidies.   More at National Geographic

Iran nuclear talks resume in nervous atmosphere

World powers will seek to avert a collapse of diplomacy over Iran’s nuclear program at talks starting in Moscow on Monday, hoping to win concessions from Tehran and forestall a potential new war in the Middle East. Consequences of failure could be devastating. Israel has threatened to bomb Iran if no solution to the dispute […]

Saudi Crown Prince Nayef, heir to throne, dies

Saudi Arabia’s King Abdullah will bury his former heir, Crown Prince Nayef, in Mecca on Sunday, and must now name a new successor to rule the world’s biggest oil exporter. The most likely candidate to take the position to succeed the 89-year-old king is Prince Salman, 76, and like all former kings a son of […]

Iraq and Iran form alliance within Opec

Iran and Iraq are forming a strengthening alliance inside Opec, raising concerns among moderate Arab Gulf producers like Saudi Arabia and increasing the potential for discord in the oil producers’ group. With the EU sovereign debt crisis worsening and growing fears for the global economy, the deep divisions within Opec risk undermining the organisation’s ability […]

Iran’s Nuclear Scientists Killers Arrested

Iran’s intelligence ministry has announced the capture of main elements behind the assassination of the country’s nuclear scientists. “The key perpetrators of the assassinations of Majid Shahriari, Mostafa Ahmadi Roshan (two of the slain nuclear scientists) and Reza Qashqaei (the driver) were identified and, in a series of rapid and authoritative operations, were arrested and […]

Obama speaks with Saudi King amid Syria, Iran concerns

U.S. President Barack Obama spoke with Saudi Arabia’s King Abdullah on Thursday amid concerns about escalating violence in Syria and plans to widen sanctions on Iran. The White House gave no details of the conversation, but the telephone discussion came as the Organization of the Petroleum Exporting Countries agreed to hold production limits – despite […]

All-of-the-above energy strategy needs more-of-the-below

The Obama administration’s stated all-of-the-above energy strategy favors alternative and renewable sources and discourages fossil fuels, a US House committee chairman charged. “It’s actually simple: Any energy made above ground counts. Any made underground doesn’t,” Oversight and Government Reform Committee Chairman Darrell E. Issa (R-Calif.) said as the committee began a May 31 hearing on […]

China Tells U.S. What It Can Do With Its Iran Oil Import Sanctions

While the US magnanimously decided to exempt several nations from U.S. sanctions on Iranian oil imports, it appears the Chinese government has indicated it has no plans to change its position on oil purchases from Iran. As Voice of America reports, China’s FinMin spokesman Liu Weimin said the purchases are necessary, because of its economic […]

US Exempts Seven Countries From Iran Oil Sanctions

The U.S. added seven nations to the list of countries exempted from Iran oil sanctions, Secretary of State Hillary Clinton said. The countries are India, Malaysia, South Korea, South Africa, Sri Lanka, Turkey and Taiwan. They “have all significantly reduced their volume of crude oil purchases from Iran,” Clinton announced today in an e-mailed statement. […]

Will the Pentagon be forced to buy oil?

Congress may force DOD to save money and scrap biofuels. Right move or short-sighted? CNN’s Chris Lawrence reports.

US “disappointed” by failure of Iran-IAEA atom talks

Lack of progress in talks between Iran and the International Atomic Energy Agency is disappointing and it shows Tehran’s continued failure to abide by its commitment to the U.N. nuclear watchdog, a U.S. envoy said on Saturday. The IAEA and Iran failed at talks on Friday to unblock an investigation into suspected atom bomb research […]

Iran condemns oil quota ‘violators’ of OPEC

Iran on Saturday blasted fellow OPEC members Saudi Arabia, Kuwait and the United Arab Emirates as oil quota “violators”, accusing them of depressing global crude prices by over-pumping. Iran’s OPEC representative, Mohammad Ali Khatibi, said Tehran had officially protested to the OPEC that Saudi Arabia was “saturating the market” under pressure from the United States […]

U.S. likely to cap gas exports

Industrial lobbying in the United States is likely to put a cap on potentially huge natural gas exports, benefiting domestic industries such as petrochemicals and refining, but limiting export profits from gas-hungry Asia and Europe. The U.S. has experienced a boom in shale gas exploration, which will potentially turn it from a net importer of […]

Michael Meacher MP – 9/11, The PNAC & Peak Oil

Michael Meacher MP – 9/11, The PNAC & Peak Oil

Japan PM says 2 nuke reactors must be restarted

Japan’s leader appealed to the nation Friday to accept that two nuclear reactors that remained shuttered after the Fukushima disaster must be restarted to protect the economy and people’s livelihoods. Prime Minister Yoshihiko Noda said the government has taken ample safety measures to ensure the two reactors in western Japan would not leak radiation if […]

Is there such a thing as too much pipeline safety?

While it may be heretical to say in some quarters, Ken Costello asserts that there canbe too much pipeline safety, especially for those gas systems operated by local distribution companies. Costello is an economist by trade and a principal in the National Regulatory Research Institute, which assists state utility regulators in improving public-interest decisionmaking. No […]

Time running out for Asian buyers of Iran oil

Iran’s top crude oil buyers in Asia have just weeks to come up with ways to keep imports flowing without falling foul of the toughest Western sanctions to date against Tehran’s oil trade. Solutions have proved elusive so far. A year ago, Iran was selling around two-thirds of its crude exports, or roughly 1.45 million […]

Iranian Decision to Convert 20% Uranium May Be Good News

Iran’s decision to convert a third of its higher-enriched uranium into metal plates will make it more difficult for the Persian Gulf country to assemble an atomic weapon if it decides to to so, nuclear-security analysts say. United Nations International Atomic Energy Agency inspectors have verified that Iran converted about 33 percent of its 20 […]

Parliamentary question debate on Peak Oil in the Swedish parliament

Mr Per Bolund of the Swedish Green Party has addressed a question on Peak Oil to the Finance Minister Anders Borg. In the end it was not Finance Minister Borg who answered the question rather than the Energy Minister Anna-Karin Hatt (and you can now listen to the parliamentary debate on the question in Swedish). […]

T Boone Pickens Interview with Morning Joe Becoming Energy Independent

Boone Pickens talking about natural gas and oil, and the tightness of the oil market. 29 May 2012

Iran threatens to target US bases if attacked

Iran has warned the United States not to resort to military action a gainst it, saying U.S. bases in the region were vulnerable to the Islamic Republic’s missiles, state media reported on Saturday. The comments by a senior Iranian military commander were an apparent response to U.S. officials who have said Washington was ready to […]

Clinton to assert US claim in scramble for Arctic ‎

Secretary of State Hillary Clinton will assert U.S. interest in the Arctic, where the prospects for abundant oil, gas and new trade routes has been likened to a modern-day gold rush, when she visits the region on Saturday. As the sea ice recedes with climate change, huge oil and gas fields are adding vast amounts […]

Short-Term Politics Stifles Pentagon’s Green Energy Ambitions

The US Defense Department consumes more energy than any other department or sector in the country, spending around $20 billion annually by some estimates; but ambitious plans to make it the nation’s green leader have been swept under the rug over budgetary concerns that smack of campaign politics. It is an inauspicious development for US […]

T. Boone Pickens Finds Flaws In Presidential Energy Plans

Energy titan T. Boone Pickens is less than impressed with the energy plans that have been floated by President Barack Obama and his likely White House challenger Mitt Romney. Speaking to Dow Jones Tuesday, Pickens said Obama’s “all of the above” energy plan needed to be “more specific” and said Romney’s plan is “not total.” […]

House Passes HR 4133 Binding the US to Israel

Without any mainstream media coverage at all, the House of Representatives passed the United States – Israel Enhanced Security Cooperation Act of 2012 (USIESC). The USIESC, written by Eric Cantor , claims there is a need to provide Israel with unlimited military and financial aid as a result of the disturbances caused by the Arab […]

ExxonMobil Makes US Energy Policy

The American government’s energy policy is as murky as crude oil. Political divisions have kept lawmakers from agreeing on a single direction to follow, so depending on who is in power, energy policy shifts from one ideology to the other. A far more stable energy policy can be found in the ethos of ExxonMobil. The […]

Iran not ready for visit to suspect nuclear site

The U.N. nuclear watchdog has not yet given good enough reasons to visit an Iranian site where it suspects there may have been experiments for developing nuclear weapons, Iranian media said. The Parchin complex is at the centre of Western suspicions that Iran is developing a nuclear weapons capability despite Tehran’s repeated denials of any […]

Michael Klare: Global scarcity Scramble for dwindling natural resources

National security expert Michael Klare believes the struggle for the world’s resources will be one of the defining political and environmental realities of the 21st century. In an interview with Yale Environment 360, he discusses the threat this scramble poses to the natural world and what can be done to sustainably meet the resource challenge. […]

U.S. Hard Line in Failed Iran Talks Driven by Israel

Negotiations between Iran and the United States and other members of the P5+1 group in Baghdad ended in fundamental disagreement Thursday over the position of the P5+1 offering no relief from sanctions against Iran. The two sides agreed to meet again in Moscow Jun. 18 and 19, but only after Iran had threatened not to […]

IAEA Reports Progress in Iran Nuclear Talks

The head of the U.N. nuclear watchdog has said he expects to sign a deal with Iran soon on investigating suspected weapons activities connected to the country’s nuclear programme. Amano also said that Saeed Jalili, Iran’s chief nuclear negotiator, had assured him that “the existing differences will not be an obstacle to the agreement”. The […]

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