Archive for the 'Energy' Category
Chevron Sued for Billions After Poisoning Waterways in Ecuador; One of the Largest Environmental Damage Cases in History
November 17th, 2009Via: Sydney Morning Herald: Tens of thousands of Amazonians are suing Chevron, the American oil company, for poisoning their waterways in what is billed as one of the biggest environmental cases in history. The Ecuadorean claimants said the company illegally dumped toxic waste from its oil production, which filtered into the lakes used by thousands […]
U.S. Army Opens New Ground-Vehicle Energy Research Lab in Michigan
November 17th, 2009What does all of this mean for GM? I have no idea. But if something really, really strange happens, it might make much more sense in hindsight. I’m going to quote from Blank Spots on the Map again: The Manhattan Project, a project lasting roughly five years from start to finish, had cost $2.3 billion […]
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.
