Insight and inspiration in turbulent times.
A US-based rights group denounced Australia yesterday, saying Canberra should be “ashamed” for allegedly robbing East Timor of much-needed oil and gas revenues from the disputed seabed between the two nations.
Shaken energy managers throughout Silicon Valley are finding cheap, long-term electricity deals a thing of the past as they go about trying to replace expiring energy contracts.
China declared on Friday that it would generate 10 percent of its power through renewable sources by 2010. However energy consumption in China is rising so rapidly that even a national campaign will barely reduce the country’s dependence on fossil fuels.
Oil prices eased further below $40 a barrel yesterday as an Opec deal to pump more crude outweighed underlying fears of political instability in top producer Saudi Arabia.
A bomb blast has ripped through an oil storage depot in the town of Neftekumsk in Russia’s Stavropol region.
Carter was serious about energy alternatives and paid a significant price — and wise politicians have avoided the problem ever since.
Libya has cemented its return to the international mainstream by resuming its former role as a supplier of oil to the US.
Official figures published in Jakarta last month show Indonesia became a net importer of crude oil for the first time in February and March.
The Organization of the Petroleum Exporting
Countries agreed on Thursday to increase its production quotas by two million barrels a day, or 8.5 percent, effective July 1. Analysts said the problem with OPEC’s move was that it would not add
any new oil to the market.
The U.S. animosity toward the Islamic Republic of Iran became evident again when a top U.S. diplomat underlined Tuesday Washington’s opposition to a French-backed plan which, if realized, would see a pipeline built from Kazakhstan to Iran to export the massive oil reserves underneath the Caspian Sea.
Russia’s oil production will probably stay flat or even drop in 2005, a top Russian energy official said Friday.
Iraq’s new Oil Minister Thamer Ghadban welcomed yesterday the injection of $800 million from the US-led coalition to achieve his main goal of hiking production.
