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The Global Economic System is Reaching Its Limits

The Global Economic System is Reaching Its Limits

The world's economic myths, especially…

New Russian Sanctions Spark Metal Market Volatility

New Russian Sanctions Spark Metal Market Volatility

Sanctions on Russian copper, aluminum,…

News

The UK is Way Off Hitting its 2020 Renewable Energy Target

The UK is Way Off Hitting its 2020 Renewable Energy Target

Jul 01, 2013 at 16:37 | Joao Peixe

The European Renewable Energy Council (EREC) has announced that the UK is one of a few countries that will not meet its 2020 renewable energy targets, with a ranking…

15 Acre Sinkhole in Louisiana Chews up Homes and Spits out Natural Gas

15 Acre Sinkhole in Louisiana Chews up Homes and Spits out Natural Gas

Jun 28, 2013 at 17:14 | James Burgess

A community in Assumption Parish, Louisiana, is under threat of being permanently wiped off the face of the earth due to the actions of a salt-mining company working in the…

Ignoring the Civil War, Tribes Battle it Out over Syrian Oil Fields

Ignoring the Civil War, Tribes Battle it Out over Syrian Oil Fields

Jun 28, 2013 at 17:13 | Joao Peixe

Syria’s civil war is devastating its oil and gas sector, and if they are not careful, whoever finally emerges victorious may never be able to gain control of the fields…

BP Warns Claimants they may have to Return Compensation

BP Warns Claimants they may have to Return Compensation

Jun 28, 2013 at 17:11 | Charles Kennedy

BP is appealing that some of the claims made by businesses as part of its multi-billion dollar settlement were false, or at least over exaggerated, and has sent out letters…

Sri Lanka Returns 40,000 Tonnes of Low Quality Diesel, and Blacklists ENOC

Sri Lanka Returns 40,000 Tonnes of Low Quality Diesel, and Blacklists ENOC

Jun 28, 2013 at 17:10 | Joao Peixe

Sub-standard fuels have been blamed for damaging Sri Lankan cars in the past, with the country refusing payment for a 20,000 tonne shipment of gasoline that had been supplied to…

Citigroup Opens Office in Baghdad to Take Advantage of $1 Trillion Redevelopment

Citigroup Opens Office in Baghdad to Take Advantage of $1 Trillion Redevelopment

Jun 28, 2013 at 17:09 | Joao Peixe

Citigroup Inc., the third largest lender in the US by assets, has just received approval to open an office in Baghdad. It will be the company’s first country opening in…

Study Finds 21% of Homes Produce 50% of Carbon Emissions

Study Finds 21% of Homes Produce 50% of Carbon Emissions

Jun 28, 2013 at 17:07 | Joao Peixe

In the battle against climate change and carbon emissions policy makers tend to focus on the supply side of things. They concentrate emission reduction efforts on power plants, heating systems,…

Repsol Rejects $5 Billion Compensation Offer from Argentina

Repsol Rejects $5 Billion Compensation Offer from Argentina

Jun 27, 2013 at 16:36 | Joao Peixe

In April 2012, Argentine President Cristina Fernández de Kirchner illegally seized Respol’s 51% stake in the South American energy company YPF SA, in order to put the company under the…

Nabucco is Rejected in Favour of the TAP by Azeri Gas Developers

Nabucco is Rejected in Favour of the TAP by Azeri Gas Developers

Jun 27, 2013 at 16:35 | Joao Peixe

Part of Europe’s plans to reduce its dependence on Russian natural gas imports, include the development of a giant gas field in Azerbaijan. The Austrian company OMV announced on Wednesday…

Twitchers Watch in Horror as Rare Bird is Killed by Wind Turbine

Twitchers Watch in Horror as Rare Bird is Killed by Wind Turbine

Jun 27, 2013 at 16:34 | Joao Peixe

The fastest flying bird in the world is the White-throated Needletail. Generally living around Asia, Siberia, and Australia (depending on the time of the year), it is a very rare…

New Report Doubles England’s Shale Gas Reserves

New Report Doubles England’s Shale Gas Reserves

Jun 27, 2013 at 16:33 | James Burgess

The British Geological Survey released a report on Thursday that provided a revised estimate for shale gas resources in the North of England. The new estimate is double the old…

Obama Unveils his Climate Change Policies

Obama Unveils his Climate Change Policies

Jun 27, 2013 at 16:32 | Charles Kennedy

As he unveils his new climate change policies, President Obama declared that, in a matter of national interest, carbon emissions must be cut; a move that will affect almost every…

Renewable Energy will Overtake Natural Gas by 2016 - IEA

Renewable Energy will Overtake Natural Gas by 2016 - IEA

Jun 26, 2013 at 16:38 | Charles Kennedy

At its second annual Medium-Term Renewable Energy Market Report, the International Energy Agency, (IEA) said that by 2016 clean energy will overtake natural gas to become the second largest source…

Obama’s Climate Change Efforts in Vain without China’s Cooperation

Obama’s Climate Change Efforts in Vain without China’s Cooperation

Jun 26, 2013 at 16:37 | Charles Kennedy

President Obama has designed a climate change plan that will not need the help of Congress, and will allow the US to lead the world into a greener future. Yet…

Funding Disappears for Nuclear Fusion Following Poor Progress

Funding Disappears for Nuclear Fusion Following Poor Progress

Jun 26, 2013 at 16:35 | James Burgess

Over the past 50 years or so tens of billions of dollars have been spent on nuclear fusion research, yet just as some projects are beginning to get into their…

As Domestic Production Falls UK Fossil Fuels Imports Reach Record Level

As Domestic Production Falls UK Fossil Fuels Imports Reach Record Level

Jun 26, 2013 at 16:34 | Joao Peixe

The UK Office for National Statistics has released data about the UK’s energy sector.In 2011 imports of fossil fuels such as oil, natural gas, and coal increased by…

Total is Interested in British Shale Gas

Total is Interested in British Shale Gas

Jun 26, 2013 at 16:32 | Joao Peixe

The Daily Telegraph wrote an article on Tuesday claiming that Total is interested in UK shale prospects and has “held talks with several companies about buying a stake in…

Norway Overtakes Russia as the EU’s Top Natural Gas Supplier

Norway Overtakes Russia as the EU’s Top Natural Gas Supplier

Jun 25, 2013 at 16:36 | Charles Kennedy

Christof  Rühl, chief economist and vice president at British Petroleum Group (BP) has just unveiled the 2013 edition of the Statistical Review of World Energy, in which it is noted…

Is Tesla on Google's Shopping List?

Is Tesla on Google's Shopping List?

Jun 25, 2013 at 16:35 | Charles Kennedy

Bloomberg has made a rather interesting discovery about the loan deal that Tesla has just bought its way out of. As part of the agreement that Tesla Motors made with…

Halliburton Adapts US Submarine Spy Technology to Improve Fracking Efficiency

Halliburton Adapts US Submarine Spy Technology to Improve Fracking Efficiency

Jun 25, 2013 at 16:34 | James Burgess

Acoustic spy technology used by US submarines is being adapted for use in the fracking industry. Halliburton is just one of the frilling companies that is developing the technology that…

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