Time to kick the oil habit
IT SHOULD BE clear by now, even to those in the White House, that America needs a new oil strategy.
A to push for global standards on reserves
The International Energy Agency is planning to unveil plans in October that it hopes will lead to a mandatory global standard for accounting of oil and gas reserves.
Canada: N.S. offshore energy suffers setback
Nova Scotia’s sluggish offshore energy sector has suffered another setback as several major energy companies have opted out of plans to spend up to $275-million on exploration.
China: Coal and power: The situation gets worse
Coal and power stocks in China have fallen to their lowest level in 20 years. The catastrophic forecasts on effects of an overheated economy are coming true showing how much more the government has to do to cool down.
OPEC to reverse its decision?
The OPEC may postpone implementation of its own decision taken at the extraordinary 131st conference in Beirut on June 3, where its members agreed to raise quotas on crude oil production and export by 0.5 million barrels daily.
Iraqi Oil Exports Are Cut Nearly in Half
Iraq’s oil exports were cut nearly in half as workers struggled Monday to repair a key pipeline shut down after looters sabotaged the line, officials with the South Oil Company and traders said.
Saudi castle of sand
Caught between the U.S. war on terror and its own militants, the House of Saud tries to cut deals to survive.
Don’t blame the Arabs: Oil faces new threats beyond the Gulf
The United States’ drive for energy security, one of the dominant elements in its tough-guy foreign policy, is running into trouble around the globe, making US control of Iraq’s oil wealth ever more necessary. And that is sure to stir up more trouble, unsettling a market that has become volatile and unpredictable.
China: Energy conservation to top government agenda
The government has given energy conservation top priority in its long-term energy policy, as the country has been feeling the pinch of energy supply shortages since last year.
NZ well positioned before energy rollover
Energy price rollover will signal the day when oil becomes “way too expensive and tourism may have a problem in New Zealand’’.
Short-term relief: Gasoline price drop welcome, but it can’t last
Enjoy these gas prices while they last, because they are only going to be with us for a short time before they head back up.
UK: Sellafield an easy target for hijacked jets
Report highlights lack of protection for nuclear plant if terrorists tried to attack it with passenger planes.
