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The Billion Dollar Oil Hedge That May Never Happen

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News

Energy Crisis in the Gaza Strip Threatens Hospitals

Energy Crisis in the Gaza Strip Threatens Hospitals

Feb 21, 2012 at 16:22 | James Burgess

The Gaza Strip is in the middle of an energy crisis that is close to developing into a full blown humanitarian crisis as their only power plant was forced to…

Middle East to Spend 180 Billion Dollars on New Energy Projects

Middle East to Spend 180 Billion Dollars on New Energy Projects

Feb 21, 2012 at 16:20 | Joao Peixe

A new report by the market researchers Venture Middle East has announced that the Middle East is due to spend a combined $180 billion on new water and power projects…

UK's Nuclear Sector Set to Expand Following New Energy Pact with France

UK's Nuclear Sector Set to Expand Following New Energy Pact with France

Feb 20, 2012 at 10:57 | Charles Kennedy

On Friday the British Prime Minister David Cameron signed a new energy pact with French President Nicolas Sarkozy that will lead to the construction of more nuclear power plants in…

Keystone XL Likely to be Reviewed After US Presidential Elections

Keystone XL Likely to be Reviewed After US Presidential Elections

Feb 20, 2012 at 10:56 | James Burgess

In January President Barack Obama delayed any decisions on the Keystone XL Pipeline, citing that he needed more time to assess the environmental impacts. He has not rejected the pipeline,…

Australia Look to Free Market Economics for their Energy Security

Australia Look to Free Market Economics for their Energy Security

Feb 20, 2012 at 10:54 | Joao Peixe

The general energy objective in the US is to achieve energy independence, because they believe it will ensure energy security. In Obamas State of the Union speech he proclaimed that…

No Peak Oil - Why Then is Saudi Aramco Opening Old Wells for Heavy Crude?

No Peak Oil - Why Then is Saudi Aramco Opening Old Wells for Heavy Crude?

Feb 17, 2012 at 12:57 | James Burgess

Following the Iranian Revolution in 1979 demand of oil from Saudi Arabia fell from ten million barrels per day (bpd) to three million bpd. As a result of the reduced…

Should the UK Help Ban Canada’s Tar Sands from Europe?

Should the UK Help Ban Canada’s Tar Sands from Europe?

Feb 17, 2012 at 12:55 | Joao Peixe

The EU is currently discussing a Fuel Quality Directive, which will designate Canada’s tar sands as 22% more polluting than conventional fuels and effectively ban any fuel derived from them…

US Pleas for Asia to Cut Iranian Oil Imports Fall on Deaf Ears

US Pleas for Asia to Cut Iranian Oil Imports Fall on Deaf Ears

Feb 17, 2012 at 12:52 | Charles Kennedy

Last year China, India, Japan, and South Korea accounted for 60 percent of Iran’s total oil exports, providing the country with $100 billion of revenue. As the EU oil sanctions…

Bill Gates and Richard Branson Back Geoengineering to Counter Climate Change

Bill Gates and Richard Branson Back Geoengineering to Counter Climate Change

Feb 16, 2012 at 14:02 | James Burgess

Climate change is real. Few doubt that now. Governments try to impose, rather weak, legislation to combat climate change such as imposing reductions in carbon emissions, but in truth nothing…

Eni Announce Another Huge Gas Discovery off the Coast of Mozambique

Eni Announce Another Huge Gas Discovery off the Coast of Mozambique

Feb 16, 2012 at 14:00 | Charles Kennedy

Eni SpA, Italy’s largest oil company, owns 70% of Mozambique’s offshore Area 4, a large area off the East coast of Africa where last year they discovered a huge natural…


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