Shale oil demonstration plant to close
Queensland Energy Resources, which runs the demonstration plant, says it will be placed into care and maintenance around September. The controversial project has been plagued by environmental issues.
Venezuela May Suspend Oil Shipments to U.S.
The Venezuelan government said Wednesday it may suspend oil shipments to the United States in case of an eventual conflict with that country.
Lawsuit Offers Another Reason for Renewable Energy
Lawsuits could be a means to convince major power companies they need to make a real effort toward lowering greenhouse gas emissions.
Argentina,Venezuela Fuel-For-Food Deal To Continue
BUENOS AIRES (Dow Jones)–Argentina and Venezuela will extend this year’s fuel-for-food accord over the coming years, giving Argentina the option to continue importing diesel and gasoil from its South American neighbor, if current gas and power shortages remain a problem.(Adds comments from Planning Minister De Vido’s spokesman saying this year’s $ 240 million fuel contract deal would be renewed in 2005.)
Power shortage is hell in China’s heaven on Earth
China will force factories in the capital of a wealthy eastern province to shut for up to four days a week, the latest draconian measure aimed at alleviating a summer power shortfall estimated at 20,000 megawatts.
The Hand-Over that Wasn’t
The U.S. occupation of Iraq officially ended on June 28, 2004 , in a secret ceremony in Baghdad . Officially, “full sovereignty” was handed from the Americans to the Iraqi Interim Government. But it was clear from the start that this was sovereignty in name, not in deed.
House Panel to Begin a Hearing on Shell’s Reserve Scandal
The House Financial Services Committee in the United States plans to begin a hearing Wednesday on the oil reserve scandal at Royal Dutch/Shell, a move that is sure to expose the company to more public criticism, and could provide additional fuel to class-action suits.
US: Energy Independence: The Ever-Receding Mirage
President Bush and his Democratic opponent John Kerry are both for “energy independence”—like every other president for a generation. That elusive, but ultimately pointless, quest has been a central feature in American politics and policy for the past 30 years, ever since the October 1973 embargo on oil exports to the United States launched by Saudi Arabia, Algeria, Bahrain, Abu Dhabi, and Libya.
Fluky wind calls for big back-up
Wind energy’s erratic performance as a power source means the more it forms part of a power system, the more back-up supply is required and the less cost efficient it is, according to a report on renewable energy produced for Britain’s House of Lords.
China Warns of More Power, Oil Shortages
China’s power shortages show no signs of easing, state media said Wednesday, as the company in charge of the nation’s power grid threatened to cut off factories that fail to conserve energy.
Oil giant Yukos faces dismantling
Russian oil giant Yukos faced being torn apart after bailiffs said they would sell off its main operating arm to settle a $3.4bn bill for back taxes.
South Korea: Fuel shortage cutting into air training
The defense ministry said yesterday that it was short of fuel for the military’s aircraft and naval ships as budget constraints continue to bite.
