Something strange is happening. Have you noticed it? The gas price is falling. The news that the price of crude oil dipped below $60 dollars has sparked a furious response as to why it is happening.
Some are arguing that the price of oil has dipped due to political pressure from the Bush Administration before the [...]

The Earth’s temperature could be reaching its highest level in a million years, according to Nasa scientists. Comparison of current temperature with historical estimates showed the current temperature was now within 1C of the maximum temperature of the past million years. The scientists said that in the 30 years to the end of 2005, temperatures [...]

There are signs that there is a growing diplomatic row between the US and Russia over energy and trade. The Times has reported how “American oil companies Chevron and ConocoPhillips could be shut out of a massive Arctic gas project in a sharp chilling of trade relations between Moscow and Washington”.

Brazil’s President Luiz Inácio Lula da Silva is aiming to turn his country into a biofuel superpower using ethanol and biodiesel. But environmentalists are warning that this could trigger a massive expansion of the agricultural frontier deeper into the Amazon, destroying habitat and biodiversity.

The British government has now waded into the spat between Russia and Shell over its $20bn Sakhalin-2 energy project, suggesting a diplomatic row could be brewing.
Downing Street, is said to be following events “very closely” and says: “The government is raising its concerns about the decision with the Russian government”. The US state department is [...]