Insight and inspiration in turbulent times.
Australia has increased tax concessions to encourage oil exploration in the far reaches of the Great Barrier Reef, angering environmentalists who warn an oil spill could destroy the world’s largest living reef system.
Thailand’s foreign minister has called for Asian governments to develop long-term plans to ease energy shortages. Rapidly increasing demand for energy, driven largely by China’s booming economy, has driven prices up, and caused anxiety in a region whose own oil reserves are dwindling.
Overshadowing all else is the rising global cost of oil; for oil dependence has always been the Achilles heel of the Green Revolution.
Coal’s stability in high temperatures could make it an ideal fuel for the next generation of military aircraft.
Politicians seeking public office in the United States can’t disclose the true cost of gasoline because Americans wouldn’t accept it.
A federal advisory panel will assess U.S. oil refining capacity and crude oil stocks to see if steps can be taken to boost energy supplies, U.S. Energy Secretary Spencer Abraham said on Tuesday.
After reining in construction costs, Syncrude Canada vowed Monday to take control of another runaway expense — natural gas.
Although gas prices are on the rise Americans still love their big cars.
Eight British military personnel were today arrested by Iran after it discovered three naval vessels in its territorial waters, according to reports.
For years the superpower politics of the cold war blocked efforts to end global poverty. Today it is the hot war of energy economics and global warming that present an impossible obstacle. They also threaten something far worse – a great reversal of human progress.
Shell Oil Co. plans to put the brakes on production at its Bakersfield refinery in July and August, potentially shorting California’s fuel supplies during the summertime driving season, according to internal Shell documents.
BP PLC tried recently to quell renewed concerns by some industry observers that world oil reserves are running out sooner than expected.
