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Don’t Believe The Oil Bulls

Don’t Believe The Oil Bulls

Oil prices have rebounded this…

Oil Hits $20 For The First Time In 18 Years

Oil Hits $20 For The First Time In 18 Years

Oil prices plunged on Monday…

News

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…

Giant Natural Gas Pipeline in Alaska Could Cost $65 Billion

Giant Natural Gas Pipeline in Alaska Could Cost $65 Billion

Oct 04, 2012 at 17:22 | Joao Peixe

Back in January the Governor of Alaska, Sean Parnell, set a deadline for the three energy giants who are developing a project to build a massive pipeline to transport natural…

Saudi Arabia May Increase the Price of Crude Oil Exported to Asia

Saudi Arabia May Increase the Price of Crude Oil Exported to Asia

Oct 04, 2012 at 17:19 | Joao Peixe

Reuters believes that Saudi Arabia, the world’s largest exporter of crude oil, will increase its selling prices to Asia during the month of November.The seasonal winter demand, as…

Turkish Parliament Approve Military Action Against Syria

Turkish Parliament Approve Military Action Against Syria

Oct 04, 2012 at 17:17 | Charles Kennedy

Yesterday, in the Turkish town of Akcakale, a shell fired across the nearby border with Syria hit a house, killing two women and three children.The killings highlight the…

Saudi Arabia to Build $640 Million Solar Power Plant in City of Makkah

Saudi Arabia to Build $640 Million Solar Power Plant in City of Makkah

Oct 04, 2012 at 17:16 | James Burgess

Last month Citigroup released a report that Saudi Arabia, the world’s largest exporter of crude oil, could actually become a net importer by 2030 if its domestic consumption continues to…

Technological Developments Enable Vestas to Increase Turbine Size to 8MW

Technological Developments Enable Vestas to Increase Turbine Size to 8MW

Oct 04, 2012 at 17:15 | James Burgess

Vestas Wind Systems has been able to increase the size of its giant V164 wind turbine due to recent technological developments that they have made.Vestas announced that the…


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