U.S. Direct Fossil Fuel Subsidies are Half a Trillion Dollars Annual

In an exemplary feat of public service, Worldwatch Institute founder Lester Brown, now with his Earth Policy Institute, has exposed the huge, ongoing financial subsidies to fossil fuels industries. Governments’ and corporations’ persisting with this policy — legal corruption of the worst order at a time of out-of-control climate change — is nothing short of […]

Hormuz row between US, Iran heading for ultimate round

Consumers are on edge! As the Washington — Tehran theatre gets readied — for the ultimate round, with both using oil as a weapon, a beeline of worried visitors to Riyadh makes an interesting reading. Iran’s traditional crude customers are desperate, seeking guarantees of stepping in — from other major suppliers — in case required. […]

Canada Pledges to Sell Oil to China After Obama Rejects Keystone Pipeline

President Barack Obama’s decision yesterday to reject a permit for TransCanada Corp.’s Keystone XL oil pipeline may prompt Canada to turn to China for oil exports. Prime Minister Stephen Harper, in a telephone call yesterday, told Obama “Canada will continue to work to diversify its energy exports,” according to details provided by Harper’s office. Canadian […]

Population planning made more socially acceptable

Pakistan is the sixth largest country in the world as regards population and the world’s seventh nuclear power, but when it comes to the human development index (HDI), we are at 145 out of a total of 193 countries of the world, which is something that must set us thinking. These views were expressed by […]

Why Iran’s President Wants to Bully the Oil World

… And Why It Really May Not Matter All That Much Anyway Like a powder keg with gasoline too nearby, Big Guns pile up in and around the Persian Gulf as Iran’s current head of state, President Mahmoud Ahmadinejad, keeps making warlike noises about blocking the vitally important Strait of Hormuz – through which about […]

Security by Design

It is commonly assumed that our national security depends only on our capacity to project military power beyond our borders and has little to do with how we organize the internal business of the country. The nation’s armed strength and its “soft power” are necessary components of security, but they are not—and cannot be—the whole […]

Keystone oil sands pipeline rejected

The Obama administration rejected a bid to expand the controversial Keystone oil sands pipeline Wednesday, saying the deadline imposed by Congress did not leave sufficient time to conduct the necessary review. “The rushed and arbitrary deadline insisted on by Congressional Republicans prevented a full assessment of the pipeline’s impact, especially the health and safety of […]

Mossad Insider: Iranian Scientist Assassination A “Precursor To A Military Strike”

The Sunday Times reports (from behind a pay wall) that Iranian nuclear scientist Mostafa Ahmadi-Roshan was assassinated last week by the Israeli intelligence network Mossad as part of a “precursor to a military strike”. The Times claims that a reliable source, a Mossad insider, says he was part of a group that killed Roshan last […]

Global Energy to 2030: Market & public policy failure to help us meet our needs.

A short review of our energy demand evolution from 1990 to 2008 (based on EIA data, publicly available.  2008 is the last year for complete information on energy.). In 1990, we had the collapse of communism in Eastern and Central Europe, which caused a drop in energy demand in the region of roughly one third […]

Ohio quakes in perspective

Ohio Department of Natural Resources Director James Zehringer ordered operations halted at a fluid injection well near Youngstown on Dec. 30, 2011, after scientists from Columbia University’s Lamont-Doherty Earth Observatory found a possible link to mild earthquakes. Ohio has 177 Class 2 deep well injection sites. This was the first time seismic activity had been […]

Iran warns Gulf Arabs on oil

Iran warned Gulf Arab oil producers against boosting production to offset any potential drop in Tehran’s crude exports in the event of an embargo affecting its oil sales, the latest salvo in the dispute between the West and the Islamic Republic over its nuclear program. The comments by Iran’s OPEC governor, published Sunday, came as […]

Zakaria: Why oil prices will stay high

The next time you pay $3.50 dollars for a gallon of gas, stop and think about a basic rule of economics. When demand is low and supply is strong, prices should fall. Right? Now apply that to oil. People drive less in the winter. The American economy is slow. The Euro Zone has stalled. China […]

Sudan oil pipeline crisis deepens

Sudan on Sunday said it has started confiscating some oil exports from South Sudan it believes it is due to meet unpaid transit fees but will not shut down a pipeline carrying the southern state’s oil. South Sudan became independent in July under a 2005 peace deal with Khartoum that ended decades of civil war […]

US acts to hold Israel back from striking Iran.

The bombing attack in Tehran which killed Iranian nuclear scientist Mostafa Ahmadi-Roshan last Wednesday, Jan. 11, generated an angry phone call from US President Barack Obama to Israeli Prime Minister Benjamin Netanyahu the next day, debkafile’s Washington and intelligence sources report.  Washington is increasingly concerned, the Wall Street Journal reported Saturday, that Israel is preparing […]

Gulf Nations Aid U.S. Push to Choke Off Iran Oil Sales

Pressure on Iran mounted on Thursday, with the United States saying it was determined to isolate the country’s central bank, and three of Iran’s largest oil customers — Japan, South Korea and China — getting assurances that Saudi Arabia and other Persian Gulf producers would help make up any gap in supplies if they curtailed […]

Nigeria oil union threatens the government

BRENDAN TREMBATH: Conflict between the Nigerian government and the country’s unions over the abolition of a fuel subsidy has escalated sharply. The dispute has already been felt in the world wide oil market, where the price of crude has risen by $2. At the same time, Nigeria’s president Goodluck Jonathan is grappling with insurgent violence […]

EU Iran Oil Embargo Likely Delayed Six Months

A European Union embargo on imports of Iranian (OPCRIRAN) oil will probably be delayed for six months to allow countries such as Greece, Italy and Spain to find alternative supplies, an EU official with knowledge of the talks said. The embargo, which would need to be agreed by the 27 nation-bloc’s foreign ministers on Jan. […]

The war is with China, the battleground Africa

When United States President Barack Obama and Secretary of Defense Leon Panetta appeared together at the press conference at the Pentagon recently to reiterate America’s commitment to the Asia-Pacific region, the subject of Africa did not come up. Sometimes what is avoided can be a clue to what is most important on the agenda. The […]

China Snubs Geithner on Iran Oil

U.S. Treasury Secretary Timothy F. Geithner’s efforts to tighten economic sanctions on Iran over its nuclear program won backing from Japan a day after China rejected limiting oil imports from the country. “We want to take concrete steps to reduce our share in an orderly way as soon as possible,” Finance Minister Jun Azumi said […]

US presses China over Iran oil imports

US officials have expressed optimism China is open to working with Washington in its efforts to get major oil importers to reduce dependence on supplies from Iran. The officials spoke after US Treasury secretary Tim Geithner arrived in Beijing as part of a lobbying effort which Washington hopes will add to the pressure on Tehran […]

Geopolitical implications of “Peak Everything”

From competition among hunter-gatherers for wild game to imperialist wars over precious minerals, resource wars have been fought throughout history; today, however, the competition appears set to enter a new—and perhaps unprecedented—phase. As natural resources deplete, and as the Earth’s climate becomes less stable, the world’s nations will likely compete ever more desperately for access […]

Iran Guard says will close strait if oil blocked

Iran has begun uranium enrichment at a new underground site well protected from possible airstrikes, a leading hardline newspaper reported Sunday. The announcement came as another newspaper quoted a senior commander in the country’s powerful Revolutionary Guard as saying that Tehran’s leadership has decided to order the closure of the strategic Strait of Hormuz if […]

Japan mulls ignoring US oil ban on Iran

Japan has become the latest country to hint at its intention to ignore US-led oil sanctions on Iran, after South Korea’s recent dismissal of Washington’s bid to boycott the Iranian crude. “We are not considering banning imports,” Japan Times quoted a Japanese Foreign Ministry official as saying on Friday. On New Year’s Eve, US President […]

West readies oil stocks release as Iran plans war games

Iran announced on Friday new military exercises in the Strait of Hormuz, but the West has readied plans to use strategic oil stocks to replace almost all Gulf oil lost if Iran blocks the waterway, industry sources and diplomats told Reuters. They said senior executives of the International Energy Agency (IEA) discussed on Thursday an […]

Asian economies look to keep Iranian oil flowing

China, the biggest buyer of Iran’s oil, has publicly rejected U.S. sanctions aimed at Tehran’s energy industry while American allies Japan and South Korea are scrambling to find a compromise to keep critical supplies flowing. Beijing is buying less Iranian crude this month, but analysts say China is unlikely to support an oil embargo. Instead, […]

Iran To Hold New “Massive” Naval Exercise Near Straits Of Hormuz, To Run Parallel With Joint US-Israel Wargame

The selloff in crude yesterday, provoked by this Reuters article stating that Iran is ready to resume nuclear talks with the West, is now well over and the accumulation has again resumed, following (not so) stunning news that merely days after its 10 day Straits of Hormuz military exercise ended, the country is already preparing […]

UK signals ready to use force to keep Strait open

Britain on Thursday signalled its readiness to use military force if necessary to keep the Strait of Hormuz open, warning Iran not to miscalculate over the West’s determination to prevent disruption to the key shipping route. Iran threatened last week to stop the flow of oil through the Strait of Hormuz if foreign sanctions were […]

The Untouchables: News in Indian Country

The most censored issues five years ago remain the most censored issues today. The issues censored by Indian Country Today, 2004-2006, remain censored today by both the mainstream media and the national Native media. Those issues include Native Americans exposing the truth of US wars; the destruction of sacred lands; environmental genocide targeting Indian country; […]

Iran’s Real Weapon Of Mass Destruction Is Oil Prices

Oil prices jumped 8% last week after Iranian Vice-President Mohamad Reza Rahimi threatened to close the Strait of Hormuz if the rest of the world slapped an embargo on his country’s oil exports. Today, Reuters reports the European Union will do just that, with its diplomats agreeing in principle to halt Iranian imports. There are […]

Oil industry chief warns Obama on Canada pipeline

The oil industry’s top lobbyist warned the Obama administration Wednesday to approve the Keystone XL oil pipeline or face “huge political consequences” in an election year. Jack Gerard, president of the American Petroleum Institute, said it would be a “huge mistake” for President Barack Obama to reject the 1,700-mile, Canada-to-Texas pipeline. Obama faces a Feb. […]

« Previous Page — Next Page »

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy