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News

UK Energy Infrastructure Needs £330 Billion Upgrade by 2030

UK Energy Infrastructure Needs £330 Billion Upgrade by 2030

Nov 08, 2012 at 17:18 | Joao Peixe

A new report by the London School of Economics (LSE), titled ‘Energy and the Economy: The 2030 Outlook for UK Businesses’ has estimated that £330 billion is needed to…

UN Climate Chief Urges Obama to Play Key Role in Climate Change

UN Climate Chief Urges Obama to Play Key Role in Climate Change

Nov 08, 2012 at 17:17 | Charles Kennedy

Barrack Obama has barely had time to celebrate his recent victory in the presidential elections before half the world began clamouring for his attention and support for the future. The…

More Oil Discovered in Northern Iraqi Kurdistan

More Oil Discovered in Northern Iraqi Kurdistan

Nov 08, 2012 at 17:17 | James Burgess

In July 2009 the British oil & gas company, Gulf Keystone Petroleum Ltd., was awarded a Production Sharing Contract for the Sheikh Adi block, part of the Shaikan structure in…

TEPCO Doubles Estimate for Fukushima Clean Up to $125 Billion

TEPCO Doubles Estimate for Fukushima Clean Up to $125 Billion

Nov 07, 2012 at 17:21 | Charles Kennedy

Tokyo Electric Power Company (TEPCO) has said admitted that the cost of cleaning up after the Fukushima disaster and paying off the compensation claims made may double from the five…

What Jim Rogers Believes Obama's Second Term will do for the US Economy

What Jim Rogers Believes Obama's Second Term will do for the US Economy

Nov 07, 2012 at 17:19 | Joao Peixe

In the wake of the presidential elections The Economic Times spoke to Jim Rogers about how he thinks the markets will respond to the news that Barack Obama will…

Mexico to Install 12,000MW of Renewable Energy Capacity by 2020

Mexico to Install 12,000MW of Renewable Energy Capacity by 2020

Nov 07, 2012 at 17:16 | Joao Peixe

Mexico has set itself a target of installing 12,000MW of new renewable energy capacity by 2020.Pablo Gottfried Blackmore, a member of the Asociación Mexicana de Energía Eólica, said…

Stock Index Futures Fall now that Presidential Elections are Over

Stock Index Futures Fall now that Presidential Elections are Over

Nov 07, 2012 at 17:13 | James Burgess

The US stock index futures opened lower today after last night’s results of the US presidential election.Now that the elections are over, political uncertainty no longer plays a…

How has Hurricane Sandy Affected the Economy in the Short Term?

How has Hurricane Sandy Affected the Economy in the Short Term?

Nov 07, 2012 at 17:11 | Editorial Dept

The economic data has already shown some impact from Hurricane Sandy, and we will see more over the next couple of months. As an example, auto sales were down in…

Gasoline Sold in New York for $8 a Gallon on Craigslist

Gasoline Sold in New York for $8 a Gallon on Craigslist

Nov 06, 2012 at 17:09 | James Burgess

As hurricane Sandy hit the East Coast of the US, refineries and harbours were shut down, effectively disrupting nearly all fuel deliveries to the area. As a result gasoline stations…

Natural Gas Pipelines are Being Converted to Carry Crude Oil

Natural Gas Pipelines are Being Converted to Carry Crude Oil

Nov 06, 2012 at 17:08 | Joao Peixe

The abundant supply of natural gas from just a few shale fields has changed the natural gas landscape in the US, meaning that a lot of the traditional natural gas…

China Hopes that Subsidies will Lead to Shale Gas Boom

China Hopes that Subsidies will Lead to Shale Gas Boom

Nov 06, 2012 at 17:07 | Charles Kennedy

In the hunt for cheap, abundant sources of energy to sate its ever growing demands, China is looking to shale gas as its saviour.China is estimated to have…

Kuwait National Petroleum Company to Invest $32 Billion by 2019

Kuwait National Petroleum Company to Invest $32 Billion by 2019

Nov 06, 2012 at 17:06 | Joao Peixe

As part of a huge expansion plan the Kuwait National Petroleum Company (KNPC), the downstream refining division of the Kuwait Petroleum Company (KPC), has announced that it will invest $32…

Will the Chinese Yuan Replace the US Dollar as the Global Reserve Currency?

Will the Chinese Yuan Replace the US Dollar as the Global Reserve Currency?

Nov 06, 2012 at 17:05 | Editorial Dept

Once again we are seeing articles and research papers stating the Chinese renminbi (yuan) is about to replace the dollar as the global reserve currency.Here is a working…

Hurricane Sandy could be a Blessing for Climate Change Supporters

Hurricane Sandy could be a Blessing for Climate Change Supporters

Nov 05, 2012 at 17:27 | James Burgess

Hurricane Sandy may prove to be the event that the environmentalists were waiting for, the event that makes the world, or at least a large portion of the US, sit…

Iran Announces Plans to Increase Naval Presence in the Straits of Hormuz

Iran Announces Plans to Increase Naval Presence in the Straits of Hormuz

Nov 05, 2012 at 17:26 | Joao Peixe

Tehran has released a statement, announcing that it intends to increase its naval presence in the Gulf of Persia, just near to the Straits of Hormuz. Not because of the…

China to Build its First Ever Environmentally Friendly City

China to Build its First Ever Environmentally Friendly City

Nov 05, 2012 at 17:26 | Charles Kennedy

Construction is set to begin on a new environmentally friendly city in China which will house around 30,000 families on 1.3 square kilometres of land just outside Chengdu. Adrian Smith…

Italy Aims to Increase Oil Production by 150% with New Energy Plan

Italy Aims to Increase Oil Production by 150% with New Energy Plan

Nov 05, 2012 at 17:23 | Joao Peixe

As part of its first national energy plan in more than 20 years, the Italian government plans to revitalise the oil and gas industry. Back in 2005 crude oil production…

Sharp Fall in Gas Prices could Continue Until the End of the Year

Sharp Fall in Gas Prices could Continue Until the End of the Year

Nov 05, 2012 at 17:22 | Editorial Dept

From the SacBee: Gas prices decline sharply in October, trend may continue through end of the year "Gas prices at the end of October were dropping at the…

Cuba's Hopes Dwindle as Yet Another Oil Well Comes Up Dry

Cuba's Hopes Dwindle as Yet Another Oil Well Comes Up Dry

Nov 02, 2012 at 18:31 | Joao Peixe

Cuba’s hopes of becoming energy independent and net oil exporter are slipping further beyond site after yet another well has been announced as dry.The Cuban government has claimed that…

The FERC Boldly Takes on Wall Street

The FERC Boldly Takes on Wall Street

Nov 02, 2012 at 18:27 | James Burgess

Wall Street is finding itself in a bitter fight against a relatively new organisation that is intent to see some of the largest banks charged for market manipulation.The…

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