Developing countries attack plan to offer warming help as loans instead of grants Britain's £800m international project to help the poorest countries in the world adapt to climate change was under fire last night after it emerged that almost all
Tehran - Iran on Saturday criticized a decision by Saudi Arabia to increase its oil production, Fars news agency reported. While terming the Saudi decision a 'political move,' Iranian Oil Minister Gholam-Hossein Nozari told Fars that a production increase would
In a lecture in 2001, I tried to explain that oil prices would increase to US$80 per barrel. (This indicates a US$3 billion dollar increase to the airline industry alone in operational expenses as a consequence for tourism in the
Says fundamentals argue in favor of WTI prices continuing to move higher NEW YORK (MarketWatch) -- Goldman Sachs once again issued a provocative forecast for the price of crude oil Friday, saying a barrel is likely to average $141 over
It's May 15th in Sonoma County. I live in the coastal wine region -- a short 8-mile drive to the Pacific ocean. At this time of year the temperatures are supposed to range between highs of 70 and lows in
There could be more casualties in the airline industry because of spiralling costs, Sir Richard Branson has warned. The Virgin Atlantic boss said fuel rises would mean some smaller companies would either be forced to merge or go under. ...
As the cost of living stretches household budgets to breaking point and beyond, many people are reassessing their spending habits and lifestyles in order to make ends meet. 'Sides to middle." It's a phrase evoking vivid memories for a generation
FUEL rationing may be one in a series of shocks facing drivers and commuters in Queensland. Looming oil shortages would produce the biggest change in society since the industrial revolution, Sustainability Minister Andrew McNamara warned yesterday....
Petroleum supplies slowly dwindle as demand rapidly soars. So the prices of gasoline and oil that supply modern societies with their industrial production of food will go up, up, and away. A radically different future than the oil-energized twentieth century
In 1956, M. King Hubbert, a petroleum geologist with Shell Oil, presented a paper to the American Petroleum Institute that predicted US oil production would peak in the early 1970s and then follow a declining curve, now known as Hubbert's
The average household with a home and car has £2,427 a year to spend on child care, clothes, holidays, household repairs, credit card interest, telephone calls, medicines, alcohol and eating out. This equates to £46.67 a week after bills, taxes
The next disruption to the OECD's cozy belief in the endless supply of cheap commodities came when those same vast hordes of the formerly poor began to change their diets. "We are now using energy and metals the way you
Saudi Arabia's leaders made clear yesterday that they see no reason to increase oil production until customers demand it, apparently rebuffing President Bush as U.S. gasoline prices soar. It was Bush's second personal appeal this year to King Abdullah, head
Oil attracts the anger and the ink, but coal, mined here in the U.S., has joined the club of rudimentary resources blessed by the energy crisis. What we are paying up for is the dirtiest fossil fuel in the ground,
When it comes to high energy prices, OPEC is quickly losing its status as Public Enemy No. 1. Alongside Big Oil, where profits are fattening as gas prices rise, a new bogeyman has emerged: the oil speculator. With the stock
World oil demand is surging as supplies approach their limits. In 2000 a Saudi oil geologist named Sadad I. Al Husseini made a startling discovery. Husseini, then head of exploration and production for the state-owned oil company, Saudi Aramco, had
On Tuesday, Senate Democrats introduced legislation that would halt a US arms sale to Saudi Arabia worth $1.4 billion. The implication is clear: no more war toys for the Saudis unless they agree to up their oil output. The same
I use the phrase "Crunch Time" to denote the period after Peak Oil during which oil prices are so high due to production shortfalls that the normal functioning of economic activity is curtailed. Not only are the poor - and
Watch any talking head, and when the subject comes to energy, one can expect to hear the mantra, Americans are "addicted" to oil, and especially "foreign oil." This is repeated as though the repetition is proof that the premise is
More than 200 communities in the English countryside may be sitting on billions of pounds of undiscovered oil, according to prospectors. Scores of greenfield sites across southern and eastern England are being mapped for viability as world oil prices soar.
