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.”
Global oil demand may go up in `05 led by U.S.
World oil consumption may rise 2 per cent next year, led by increased usage of diesel, gasoline and jet fuel in the U.S., Societe Generale said.
The Crude Awakening
From bottlenecks caused by aging refineries and a supertanker shortage to depleted production from non-OPEC producers, the price of crude is being pushed higher because of one simple fact: There isn’t enough of it.
Like bringing coal to Newcastle
Occasionally, a sea change occurs in global markets that alters the dynamics of a particular business forever. A growing body of evidence suggests that North America’s supply-dominated natural gas business is about to go through just such a process.
US: A project for energy independence
The Apollo Alliance, a powerful cabal of unlikely allies, are quietly pushing the Kerry campaign to adopt what may be the best, most timely Big Idea to hit a presidential campaign in decades. The Alliance proposes what it calls a New Apollo Project, which would strive for American energy-independence within a decade.
Trinidad: Alternative energy sources our only hope
One would think that countries that are net importers of oil and gas would make concerted efforts to conserve energy, and to work feverishly towards developing alternative sources. But the paltry sums of money allocated for the necessary research and development of alternatives is negligible.
US: Deadly dependence on Mideast oil
Sadly, we will pay a steep price for having frittered away the years, even the decades since the oil shocks of the 1970s.
Ethnically diverse oil zone a tinderbox / Uneasy relations between Kirkuk’s Arabs and Kurds
Leaders of local Arab tribes warn that they are arming themselves to keep the oil industry out of Kurdish hands.
Nuclear share of electricity predicted to fall
New nuclear power stations are being built in Asia and Eastern Europe but hardly anywhere else, according to a new global analysis by the International Atomic Energy Agency (IAEA).
UN predicts rapid nuclear growth
The International Atomic Energy Agency has forecast that the use of nuclear energy will increase rapidly in the coming years.
Toshiba Claims Smallest Fuel Cell Yet
Toshiba announced on Friday that it has built what it claims is the smallest-ever direct methanol fuel cell.
