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A Critical Election Looms for Venezuela

A Critical Election Looms for Venezuela

The outcome of the presidential…

News

US Targets Mexican Oil Company Linked to Drug Cartel

US Targets Mexican Oil Company Linked to Drug Cartel

Aug 30, 2012 at 18:57 | Joao Peixe

US companies and individuals have been prohibited from doing business with Mexican oil company ADT Petroservicios and the company’s US assets have been frozen due to owner Francisco Antonio Colorado…

Hurricane Isaac Prompts Natural Gas Rally

Hurricane Isaac Prompts Natural Gas Rally

Aug 30, 2012 at 18:55 | Charles Kennedy

Wednesday saw natural gas futures up nearly 1% on news that Hurricane Isaac would push more production offline and potentially damage the natural gas infrastructure in the affected region. Nearly…

Saudi Oil Giant Recoups after Virus Attack

Saudi Oil Giant Recoups after Virus Attack

Aug 30, 2012 at 18:54 | Charles Kennedy

Saudi Aramco, Saudi Arabia’s state-owned oil giant, has recovered, with its 30,000 computers back online after a major computer virus apparently launched by a group called the Cutting Sword of…

Syria Trumps Iran's Nuclear Program at Tense NAM Summit

Syria Trumps Iran's Nuclear Program at Tense NAM Summit

Aug 30, 2012 at 18:53 | Charles Kennedy

During the summit of the Non-Aligned Movement (NAM) in Tehran, Iranian Supreme Leader Ayatollah Ali Khamenei told the 120 state leaders gathered that Iran had no intention of pursuing nuclear…

Massive Oil Find in Mexico's Deep Waters

Massive Oil Find in Mexico's Deep Waters

Aug 30, 2012 at 18:52 | Joao Peixe

Mexico’s state-owned Pemex oil has announced a major oil discovery in the deep waters of the Gulf of Mexico that Mexican President Felipe Calderon is touting as promising one-third of…

Scotland Offers £10m Prize for Renewable Energy Projects

Scotland Offers £10m Prize for Renewable Energy Projects

Aug 30, 2012 at 09:45 | Charles Kennedy

Four Scottish renewable energy companies are competing for a £10m Saltire Prize for the development of wave and tidal energy devices in Scottish waters. ScottishPower Renewables, Aquamarine Power, Pelamis Wave…

GM Temporarily Halts Volt Production over Low Sales

GM Temporarily Halts Volt Production over Low Sales

Aug 29, 2012 at 16:23 | Charles Kennedy

US automaker General Motors Co. has announced it will halt production of the Chevrolet Volt electric car for four weeks, citing the car’s failure to meet targeted sales projections, according…

Analysts Predict Draw from US Strategic Reserves over Storm Isaac

Analysts Predict Draw from US Strategic Reserves over Storm Isaac

Aug 29, 2012 at 16:22 | Charles Kennedy

As gas prices continued to climb yesterday, industry analysts are predicting the increasing likelihood that the US will draw from its strategic oil and gas reserves in the face of…

Gazprom Signs South Stream Pipeline Agreement with Bulgaria

Gazprom Signs South Stream Pipeline Agreement with Bulgaria

Aug 29, 2012 at 16:21 | Charles Kennedy

Russian Gazprom on Monday signed an agreement for the construction of the Bulgarian section of its South Stream gas pipeline with Bulgaria’s National Energy Holdings. Gazprom Deputy CEO…

Chilean Court Nixes $5bn Thermoelectric Power Plant

Chilean Court Nixes $5bn Thermoelectric Power Plant

Aug 29, 2012 at 16:19 | Joao Peixe

A huge thermoelectric power plant joint venture between Brazil’s MPX Energia SA and Germany’s E.ON has been sidelined by a Chilean court over environmental concerns. Earlier this week,…

GDP Increased at an Annual rate of 1.7%

GDP Increased at an Annual rate of 1.7%

Aug 29, 2012 at 16:18 | Editorial Dept

Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 1.7 percent…

Voters Favor Obama over Romney on Energy

Voters Favor Obama over Romney on Energy

Aug 28, 2012 at 17:02 | Charles Kennedy

US voters apparently favor President Barack Obama’s energy policy over the energy independence plan unveiled by Republican presidential candidate Mitt Romney, according to two new polls conducted this week.  According…

Iran May Allow Inspection of Military Installation

Iran May Allow Inspection of Military Installation

Aug 28, 2012 at 17:00 | Charles Kennedy

During a summit of the Non-Aligned Movement (NAM) this week, Iran may allow visiting diplomats to inspect a military installation southeast of Tehran and targeted by UN inspectors as a…

Radioactive Fish off Fukushima Coast

Radioactive Fish off Fukushima Coast

Aug 28, 2012 at 16:59 | Joao Peixe

A short 20 kilometers off the coast of the Fukushima nuclear plant, Japan’s electricity utility has discovered fish containing a level of radiation unsafe for consumption, Japanese news agencies reported.…

At Least 41 Dead after Venezuela Oil Refinery Explosion

At Least 41 Dead after Venezuela Oil Refinery Explosion

Aug 28, 2012 at 16:57 | Joao Peixe

Venezuela’s biggest oil refinery has been shut down following a gas explosion that killed 41 people and injured 86 others some 240 miles west of Caracas, news agencies reported.…

Merkel's Plan for a United States of Europe

Merkel's Plan for a United States of Europe

Aug 28, 2012 at 16:55 | Editorial Dept

Will Merkel get her wish for a Unites States of Europe led by nannycrats in Brussels? I suspect not because a vote would likely go up in flames. Chancellor Angela…

US DOE Issues Report in Support of Natural Gas

US DOE Issues Report in Support of Natural Gas

Aug 27, 2012 at 12:37 | Charles Kennedy

The US Department of Energy’s National Energy Technology Laboratory last week released a report in support of natural gas as a cost-effective resource for the generation of electric power and…

Threat of EU Tariffs on US Bioethanol?

Threat of EU Tariffs on US Bioethanol?

Aug 27, 2012 at 12:36 | Joao Peixe

The countries of the European Union are examining whether US bioethanol producers are receiving trade-distorting government aid, which could lead the EU to impose retroactive tariffs on US bioethanol products…

Scientists Unveil How the Deep Ocean Traps Carbon

Scientists Unveil How the Deep Ocean Traps Carbon

Aug 27, 2012 at 12:34 | Charles Kennedy

The Southern Ocean operates as an absorber of carbon dioxide emissions from burning fossil fuels, but until now scientists were in the dark as to how these ocean depths were…

Breakthroughs Make Desalination Equipment Investor's Pick

Breakthroughs Make Desalination Equipment Investor's Pick

Aug 27, 2012 at 12:33 | Charles Kennedy

Analysts are predicting that orders for desalination equipment, which makes drinking water from the sea, will triple over the next five years and metamorphose into a $17 billion business thanks…

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