TEHRAN (Reuters) - Iranian President Mahmoud Ahmadinejad said a proposal for OPEC's second biggest producer to cut crude output was under review by experts, Iran's semi-official Fars New Agency reported on Tuesday. Oil Minister Gholamhossein Nozari said earlier on Tuesday
China ordered coal mines, chemical plants and oil and gas wells to halt production to avoid further casualties after the country's strongest earthquake in 58 years killed almost 10,000 people. Companies in affected areas must evacuate workers and can't resume
Bloomberg) -- California's East Bay Municipal Utility District is set to vote today on a proposal to ration water to customers near San Francisco, including two oil refiners, because of a drought. A seven-member board will vote on the plan
As the price of gas soars, more and more commuters are leaving their cars in the garage and boarding the train. NEW YORK (CNN) -- The soaring price of gas has convinced New Jersey resident Eric Scott to trade the
WASHINGTON (Reuters) - Senate Democrats Tuesday introduced legislation to stop a U.S. arms sale to Saudi Arabia worth $1.4 billion in a tactic supporters said was aimed at pressuring the OPEC country to increase its oil output. "We are saying
An industry group says fewer passengers will fly, but planes will still be crowded because of reduced flights to save money as fuel costs rise. NEW YORK (CNNMoney.com) -- Fewer people will fly this summer, according the Air Transport Association,
With costs as high as an elephant's eye, some growers are even cutting back on crops that are in short supply. All over the world, prices for basic foods -- barley for beer, milk for cheese, corn for tortillas, and
International Fuel Technology announced that it signed a marketing and distribution agreement with Caldic UK, a UK-based chemical and fuel additives company. Caldic UK is a division of Rotterdam (Netherlands) based Caldica major European chemical and fuel additives distribution company
Bush Together with Saudi Arabia Spells Disaster for America There was a time when the Organization of Petroleum Exporting Countries (OPEC) controlled by Saudi Arabia and under the pragmatic thumb of Sheik Ahmed Zaki Yamani, would have opened wide the
Publicly, U.S. airlines are wringing their hands about rising fuel costs and using the continued spike in oil prices to justify each round of fare increases and new charges for former freebies like seat selection or checking a second bag.
With the oil price heading upwards and President George Bush heading for Saudi Arabia, as part of a Middle Eastern tour, it is time to accept the truth. The pursuit of oil is fundamental to US foreign policy. The importance
ATHENS (Reuters) - Greece's fuel truckers on Monday decided to extend a strike that has cut petrol supplies, causing queues at filling stations and transport disruptions that threaten to bring the economy to a halt. The strike has already lasted
A new generation of nuclear power plants is on the drawing boards in the U.S., but the projected cost is causing some sticker shock: $5 billion to $12 billion a plant, double to quadruple earlier rough estimates. Nuclear power is
BANGKOK (AFP) - Myanmar is struggling to feed its people in the aftermath of Cyclone Nargis -- in part because the regime has been forcing some farmers to stop growing rice in a plan to produce biofuel instead. In 2005
James Dewar presents arguments in favor of perennial polyculture farming as a positive contribution to a wide variety of global problems and suggests actions that should be taken to explore that promise further. He explains perennial polyculture farming and differences
WASHINGTON (AP) -- The Senate is directing President Bush to temporarily halt the shipment of thousands of barrels of oil a day to the government's emergency reserve. Both Democrats and Republicans said such shipments make no sense when oil is
NEW YORK - Oil prices shot to a new record near $127 a barrel Tuesday on reports that Iran is planning to cut crude oil production. Gas prices, meanwhile, rose to a new record over $3.73 a gallon Tuesday, and
TWENTYNINE PALMS, Calif. - Hundreds of Marines were conducting a combat training mission in the Mojave Desert when an air patrol spotted something kicking up dust: A civilian pickup truck speeding across the barren landscape. ... "This is not just
On May 6, president of OJSC "LUKOIL" Vagit Alekperov acquired though Gatecraft Limited 11,130 million shares of OJSC "LUKOIL" worth more than $1 billion. LUKOIL’s vice president Leonid Fedun also expanded his stake in the company. Now Alekperov holds 173,511
Discussing Vladimir Putin’s nomination as prime minister, chairman of the central committee of the RF Communist Party, Gennady Zyuganov said, "I would ask you to consider some figures. The country produces only one and a half percent of high tech
