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The End of the Petrodollar?

The End of the Petrodollar?

Oct 09, 2012 at 17:13 | Editorial Dept

Say you’re an up-and-coming superpower wannabe with dreams of dominating your neighbours and intimidating everyone else. Your ambition is understandable; rising nations always join the “great game”, both for their…

UK Could Face Blackouts by 2015 due to Phase out of Coal-Fired Power Plants

UK Could Face Blackouts by 2015 due to Phase out of Coal-Fired Power Plants

Oct 08, 2012 at 17:20 | James Burgess

In a new report, Ofgem, the UK energy regulator, has warned that in as little as three years time the nation could start experiencing black outs and higher energy bills…

Chavez Celebrates Another Comfortable Election Victory

Chavez Celebrates Another Comfortable Election Victory

Oct 08, 2012 at 17:19 | James Burgess

Hugo Chavez, the president of Venezuela, has just celebrated another comfortable election victory which will cement his status as one of the dominant figures in modern Latin American history.

UK Shale Gas Industry to Receive Boost from Generous New Tax Regime

UK Shale Gas Industry to Receive Boost from Generous New Tax Regime

Oct 08, 2012 at 17:17 | Joao Peixe

In his latest speech, which he gave to his party in a conference on Monday, George Osborne, the Chancellor of the Exchequer, gave hope to the UK shale gas industry.

Saudi Aramco Doubles Supply of Crude to Gulf of Mexico

Saudi Aramco Doubles Supply of Crude to Gulf of Mexico

Oct 08, 2012 at 17:16 | Charles Kennedy

Saudi Arabian Oil Company (Saudi Aramco) has chartered another four very large crude tankers to carry oil to the Gulf of Mexico in October. So far this year the oil…

Romney's False Claims about Obama's Green-Tech Spending

Romney's False Claims about Obama's Green-Tech Spending

Oct 05, 2012 at 17:23 | Charles Kennedy

In the closing minutes of the presidential debate, Mitt Romney told Obama, “you put $90 billion into — into green jobs. And I — look, I’m all in favor of…

Japan may Restart Nuclear Reactors if Nuclear Watchdog Deems them Safe

Japan may Restart Nuclear Reactors if Nuclear Watchdog Deems them Safe

Oct 05, 2012 at 17:22 | James Burgess

Following the earthquake and tsunamis that hit the Fukushima Daiichi nuclear power plant last year, Japan’s entire fleet of 50 nuclear power plants were shut down.Two reactors were…

Iran Avoids Sanctions by Using State-Owned Tanker to Export Oil

Iran Avoids Sanctions by Using State-Owned Tanker to Export Oil

Oct 05, 2012 at 17:21 | Joao Peixe

The sanctions against Iran, which prevent any institution from trading with the country, mean that maritime insurers in London are unable to cover any tanker that is working with Iranian…

Meat becomes a Luxury Good in Iran as Inflation continues

Meat becomes a Luxury Good in Iran as Inflation continues

Oct 05, 2012 at 17:20 | Joao Peixe

Economic sanctions against Iran are really beginning to bite now. Hyperinflation has struck its currency, causing the rial to lose more than half its value against the dollar in the…

Hyperinflation Hits Iran: The Sanctions are Working

Hyperinflation Hits Iran: The Sanctions are Working

Oct 05, 2012 at 17:19 | Editorial Dept

The oil embargo against Iran has worked, assuming one defines "work" as a destruction of the Iranian rial which has fallen 33% in a week, 57% in three months and…

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