Australia: Import crisis as our fuel tank runs low
Even with new discoveries, increasing domestic demand means Australia will need to import more and more of its oil over time.
Even with new discoveries, increasing domestic demand means Australia will need to import more and more of its oil over time.
Neither President Bush nor his Democratic rival, John Kerry, has shown the vision demanded by the critical problem of the nation’s overdependence on depleted fossil fuels.
Dozens of police officers on today raided the offices of Kansai Electric at the site of Japan’s worst nuclear plant accident as part of a criminal investigation into the tragedy that killed five people last month, an official said.
World oil prices rose on Thursday after Russia’s largest oil producer, Yukos, said a court ruling “paralyzes” the company’s operations.
With the price of oil hovering around US$40 per barrel, it is easy to assume that the oil-producing countries are laughing all the way to the bank. Indonesia, a seasoned player in the yo-yo market of oil revenue, has been careful not to take the current financial windfall too far, however, and for good reason.
Later this month, the U.S. Department of Energy will receive a report from a panel of experts on the prospects for cold fusion—the supposed generation of thermonuclear energy using tabletop apparatus.
All you need to know about Peak Oil in 5 Minutes. Delightful cartoon presentation in four parts.
Part two of a multi-part history of geopolitics in Iraq.
Part one of a multi-part history of geopolitics in Iraq.
A development of oil and gas reserves could break a geopolitical logjam between Russia and Japan that has endured since World War II.
Jimmy Carter put solar heating panels on the White House during his first year in office to promote energy conservation. Ronald Reagan took them off and ushered in the era of market deregulation shortly after he was elected.
Soaring oil prices have raised the stakes in China’s game of brinkmanship over the hotly disputed Spratly Islands, with the Philippines this week becoming the first rival claimant to break ranks.