Our political debate has been doused in petrol. But how is it, when peak oil talk is saturating the airwaves, that the subjects of renewable energy, infrastructure and climate change aren't rating a mention? Instead we're talking about 5 cent
LONDON (Thomson Financial) - Oil prices fluctated near $131 a barrel on Thursday afternoon in London, after a massive 8.8 million barrel drop in U.S. crude inventories reversed most of the earlier losses. Crude prices rocketed higher to move above
Bloomberg) -- OPEC's daily shipments of oil will climb 1.5 percent in the four weeks to June 14, industry consultant Oil Movements forecast. The Organization of Petroleum Exporting Countries will load 24.8 million barrels a day in the period, compared
Bloomberg) -- Petroleos Mexicanos, the state-owned oil company, lowered its daily crude oil production target by 6.5 percent after a pipeline leak caused a larger-than-expected decline in April. Chief Executive Officer Jesus Reyes Heroles said Pemex, as the Mexico City-based
We may be witnessing a possible solution to the Peak Oil dilemma in the formation of an unsustainable speculation driven crude oil price super spike. The impact of which will be to shock corporate and private consumers into making the
In Charlotte, N.C., gasoline at nearly $4 a gallon is cracking "the survivors," as credit counselor Bruce G. Hamlett calls them. They're the people who played by the rules and kept up their mortgage and utility payments even as neighbors
WASHINGTON - One of my favorite newspaper comic strips as a child was the Katzenjammer Kids, about two mischievous boys who were always getting caught red-handed and spanked. The final frame of the cartoon often showed a wily kid named
American motorists are understandably grumbling over skyrocketing oil prices as the summer travel season approaches. But their pain hardly registers against the rage afoot in Europe these days. Fishermen, truck drivers, and farmers are threatening to bring entire economic sectors
AMMAN (AFP) - Iraq is to review a 2006 agreement to sell discounted oil to Jordan amid soaring world prices, visiting Vice President Tareq al-Hashemi said on Thursday. "The Iraqi government seeks to reconsider the agreement with Jordan and then
While the nation's attention is focused on air travel congestion and the high cost of fuel for highway driving, a crisis is developing under the radar for another form of transportation: the freight trains used to deliver many of the
R. STAHL introduces the GUBox (type 8265) range of explosion-proof enclosures which are approved for use in zones 1 and 2 as well as class 1 and division 1 throughout the world. They are suitable for assembling motor starters, control
For mixed Ex i and non-Ex i signal circuits, users can now draw upon the advantages of the proven ISpac isolator system. While existing mod-ules have served to connect intrinsically safe field devices such as temperature sensors, valves, proximity switches
With oil and natural gas prices rising and coal prices still relatively low, the return of the US to a greater reliance on coal might seem inevitable. However, several recent reports suggest that coal reserves, which have shrunk dramatically during
Analysts have found that investors spooked by the peak oil theory — the belief that crude production has topped out and is in decline — are partly behind the soaring oil prices. Someone should set them straight. Blame part of
Domestic Needs, Sluggish Investment Crimp Shipments The world's top oil producers are proving unable to put more barrels on thirsty world markets despite sky-high prices, a shift that defies traditional market logic and looks set to continue. Fresh data from
NEW YORK - The gasoline price record keeps getting broken with each passing day. AAA puts the national average for a gallon of regular at a record $3.95. It's jumped 35 cents in the past month and is 76-cents-a-gallon higher
Car buyers these days need to dabble in soothsaying: If you think gas prices will stay high--or go higher--you're likely to buy the smallest car that will get you and your family around. But if you foresee lower pump prices,
Russian oil-field service companies could be among the biggest winners as the government slashes oil-sector taxes in a bid to revive stagnating production, industry participants say. After annual growth of up to 10% at the start of the decade, Russia
WASHINGTON - While cities are hot spots for global warming, people living in them turn out to be greener than their country cousins. Each resident of the largest 100 largest metropolitans areas is responsible on average for 2.47 tons of
