Archive for the 'Energy' Category
Cuba Orders Extreme Measures to Cut Energy Use
November 12th, 2009Via: Reuters: Cuba has ordered all state enterprises to adopt “extreme measures” to cut energy usage through the end of the year in hopes of avoiding the dreaded blackouts that plagued the country following the 1991 collapse of its then-top ally, the Soviet Union. In documents seen by Reuters, government officials have been warned that […]
Massive Blackout in Brazil and Paraguay; Tens of Millions Were Without Power
November 11th, 2009Via: AFP: A blackout across much of southern Brazil overnight plunged tens of millions of residents in the country’s biggest cities into a state of anxiety and raised questions Wednesday over national energy security. The outage, which started at 10:15 pm Tuesday (0015 GMT Wednesday), originated at the Itaipu hydroelectric plant that straddles the border […]
Key Oil Figures Were Distorted by U.S. Pressure, Says IEA Whistleblower
November 10th, 2009Via: Guardian: The world is much closer to running out of oil than official estimates admit, according to a whistleblower at the International Energy Agency who claims it has been deliberately underplaying a looming shortage for fear of triggering panic buying. The senior official claims the US has played an influential role in encouraging the […]
60 Minutes: Sabotaging The System
November 9th, 2009Watch CBS News Videos Online
SAUDIS DROP NYMEX WTI OIL CONTRACT
October 29th, 2009Via: Financial Times: Saudi Arabia on Wednesday decided to drop the widely used West Texas Intermediate oil contract as the benchmark for pricing its oil, dealing a serious blow to the New York Mercantile Exchange. The decision by the world’s biggest oil exporter could encourage other producers to abandon the benchmark and threatens the dominance […]
Iran Opens Exchange to Trade Crude Oil and Other Petrochemical Products
October 27th, 2009Via: Reuters: Iran, OPEC’s second-biggest oil producer, launched its international oil exchange on Monday to buy and sell crude, oil products and petrochemical products, Iran’s student news agency ISNA reported. “The international exchange hall of crude, oil products and petrochemical goods of Iran was inaugurated. Our aim is to shift oil market trade focus in […]
T. Boone Pickens on Iraq: ‘We leave there with the Chinese getting the oil’
October 23rd, 2009Seems fair, since the Chinese financed the atrocity in the first place. Via: World Tribune: A leading energy developer said the United States has been excluded from Iraq’s revived energy market. T. Boone Pickens told Congress that U.S. companies were losing opportunities in the Iraqi crude oil and natural gas sectors to competitors from China […]
Saudis Seek Payments for Any Drop in Oil Revenues
October 14th, 2009Maybe you need a laugh this morning. Via: New York Times: Saudi Arabia is trying to enlist other oil-producing countries to support a provocative idea: if wealthy countries reduce their oil consumption to combat global warming, they should pay compensation to oil producers.
Oil States Say No Talks on Replacing Dollar
October 6th, 2009“America and Britain must be very worried. You will know how worried by the thunder of denials this news will generate.” —Robert Fisk’s Chinese Banking Source That didn’t take long. Via: Reuters: Big oil producing nations denied a British newspaper report on Tuesday that Gulf Arab states were in secret talks with Russia, China, Japan […]
France Decides to Become a World Leader in Electric Vehicles
October 6th, 2009Here’s some very necessary context for this story: Nuclear power in France. Via: AFP: France launched the “battle of the electric car” Thursday as it unveiled plans to invest 1.5 billion euros on infrastructure for the two million electric and hybrid cars it wants on the road by 2020. “No player can take the risk […]
