Saudi oil minister Al-Naimi sees kingdom’s continued role as key supplier of last resort
Al-Naimi attempts to address concerns raised this by energy investment banker, Matthew Simmons about his country’s remaining oil reserves.
Scotland: Report out to turn tide on energy focus
THE SCOTTISH Executive was today urged to switch its alternative energy focus from wind farms to wave power.
Asia hungry for nuclear power
On the 50th anniversary of nuclear power, China and India are pursuing ambitious nuclear plans.
Russia builds nuclear power plant for Iran
While the United States battles to win hearts and minds in Iraq, in neighbouring Iran, Russia is making important diplomatic and economic inroads. Russia is building the Islamic state’s first nuclear power plant in a deal worth $800 million and thousands of jobs.
Suspension of OPEC Quota Is an Option at Beirut Meeting
A suspension of OPEC production quotas is an option that could be discussed at a ministerial meeting of the cartel in Beirut next week, a source close to OPEC said.
US struggles to revive nuclear power industry
As the US struggles with high oil and gas prices and an overdependence on foreign suppliers, Washington is trying to get a reluctant nuclear power
industry to build itself up as an alternative.
“Let’s accelerate and stay ahead of oil’s peak”
Let me introduce you to a kook. In 1956, when U.S. oil wells were spouting like so many Old Faithfuls, a geophysicist named Marion King Hubbert thought he was the prophet Teiresias.
Bush voices support for an Iraqi martial law declaration
President George W. Bush said Monday that coalition forces in Iraq would support a possible decision by the new Iraqi leadership to declare martial law to deal with escalating violence and terror attacks.
Kazakhstan wants stake in oil field
Kazakhstan is determined to take a stake in the country’s Kashagan oil field, signaling that there might be further turmoil in the development of the world’s largest oil find in more than three decades, according to the country’s top energy official.
Why should the United States care who is the President of Venezuela?
Peak Oil, petrodollars and the US interest in Venezuala
Billions of revenue from oil ‘missing’
A Christian charity has accused the coalition authority in Iraq of failing to account for up to $20bn (nearly £11bn) of oil revenues which should have been spent on relief and reconstruction projects.
Alcoa cancels $1.1 billion smelter project in Quebec
“With energy representing more than 30 per cent of our operating costs, we simply cannot invest a billion dollars in a project with the risk that energy prices will rise considerably over the life of that project.”
