Are we re-entering the dark ages?

Worldwide, populations are suffering from poor levels of energy investment and ageing power plants. The research calculates that about $12.7 trillion (£6.7tn) of investment, greater than the entire US annual economic output, is understood to be needed globally to meet an expected doubling in electricity consumption through 2030.

PetroChina to import Canadian crude in 2009

PetroChina Company Limited (PetroChina) recently executed a memorandum of understanding in Beijing with Enbridge, the second largest pipeline operator in Canada. Both sides will work together on a project of building new pipeline and transporting crude oil from Canada to inland China.

US: Caution warranted on oil shale

With crude-oil prices inching toward $60 a barrel earlier this month, renewed talk of tapping Colorado’s vast oil-shale resources wasn’t surprising. This time, federal lawmakers are wisely urging caution in possible shale development to avoid the dislocations of the frenetic oil-shale boom and bust of the early 1980s.