Lester Brown: China growth unsustainable on all counts, must change
By AFP, Yahoo! News
China's growth model, based on the West's economic model with its massive appetite for resources and increasing environmental degradation is unsustainable and will have to change, a leading environmentalist said.
US lawmakers pass bill allowing lawsuits against oil cartels
By AFP, Channel News Asia
Dubbed "NOPEC", a bill passed by the US Senate Judiciary Committee would allow legal action to be taken against cartels such as OPEC, said Senator Patrick Leahy, one of the bill's co-sponsors.
Asia bent on having own oil market despite warnings
By AFP, Yahoo News
Several Asian countries are pushing ahead with their long held objective of establishing a regional oil market for cheaper supplies, despite warnings such an initiative could backfire.
Philippines: Four-day work week to save energy
By AFP, Australian Financial Review
Philippines President Gloria Arroyo ordered most Philippine government offices to go on to four-day working weeks in April and May to conserve energy amid surging crude oil prices, the presidential palace said today.
China able to cope with high oil prices ahead of stocks build-up
By AFP, Yahoo
China, possessing the second-biggest currency reserves in the world, will have no difficulty in paying for strategic stocks of crude oil later this year despite the high cost of energy, analysts said.
China to set up energy task force as planner warns of dire power shortage
By AFP, Agence France-Presse
China said it intends to set up a special task force to handle energy issues as its top economic planner painted a dire picture of the nation's desperate power shortages.
Back off or suffer oil shock: Tehran
By AFP, Reuters, Weekend Australian
OIL-rich Iran has raised the stakes in the standoff over its nuclear program, warning that any attempt to impose sanctions on its activities would lead to an energy crisis in the US and Europe.
Chavez proclaims era of cheap oil over
By AP, AFP, Taipei Times
The Venezuelan president said OPEC could set prices between US$40 and US$50, while the US said its oil imports from the country were replaceable