Galvanize Research and Development for Alternatives to Oil
We must apply the same can-do attitude and the same brainpower and technical resources to the alternatives-to-oil issue as we did to landing a man on the moon.
We must apply the same can-do attitude and the same brainpower and technical resources to the alternatives-to-oil issue as we did to landing a man on the moon.
The United States rode out $55 a barrel oil last fall. But some economists say the latest jump in that key commodity poses a greater threat to the nation’s economic growth.
Amid the backdrop of soaring oil and gasoline prices, a sharply divided U.S. Senate on Wednesday voted to open the ecologically rich Alaska wildlife refuge to oil drilling, delivering a major energy policy win for President George Bush.
The president of the Russian Union of Oil and Gas Producers said on Wednesday, March 16, that the country’s oil exports are in danger unless a program of geological exploration of new oil deposits is introduced.
Thought-provoking comments from an alert Newfoundland reader, following on from the ‘methane-burps’ fears covered previously. Could suitably placed wind turbines reduce climate mixing, slow the warming of arctic regions, and so avoid catastrophic methane emissions from thawing tundra?
The Bush administration made plans for war and for Iraq’s oil before the 9/11 attacks, sparking a policy battle between neo-cons and Big Oil, BBC’s Newsnight has revealed.
A five-year oil boom is ending in Russia, the world’s second-largest oil exporter, as President Vladimir Putin increases government control over the industry, curtailing investment in new wells, rigs and pipelines.
The Government still has a small window of opportunity to reduce New Zealand’s dependence on oil before price rises really start to hurt.
As U.S. crude oil prices soared past $56 a barrel to an all-time high on Wednesday, the government said that hedge funds and speculative traders were not to blame for rising crude costs.
Crude oil rose to a record $56.69 a barrel as a promise of increased output from OPEC failed to ease concern that demand for fuels is rising faster than supply.
In northern Russia, where vast deposits of natural gas lie waiting to be tapped, Gazprom, the state-owned Russian energy giant, is hatching a multibillion-dollar strategy that would lock a swath of Europe from Germany to Britain into long-term delivery contracts, in a move that would bypass Ukraine and Belarus and anchor Russia to Europe more closely over time.
The combination of Washington’s isolation in Latin America and its need for Venezuelan oil is likely to keep at bay the threat of a direct military attack by the US, but it is also clear the Bush administration is preparing the ground for an attack of some sort against the Chavez government.