Once again here is the irony. Asia’s economies are booming. Energy consumption is set to sour. Much of this will be conventional energy, including fossil fuels. This will lead to climate change, that will devastate the region. So the  more the economies boom, eventually they will bust.

Shell’s subsidiary, Shell Global Solutions is attempting to position itself as the preferred partner for businesses in Asia in managing and developing their growing energy needs. And these needs are increasing rapidly.
According to the Energy Information Administration’s (EIA) International Energy Outlook 2006 report, world consumption is projected to increase by 71% from 2003 to 2030. 

Greenland’s ice-caps may be melting at an alarming rate due to climate change, but that is not stopping the country issuing further oil and gas licenses. Twelve companies have advanced to the prequalification stage under the country’s latest licensing round.
Greenland is offering eight blocks covering about 92,000 sq km for exploration off Central-West Greenland. “Greenland […]

A British oil worker has been killed and an Italian seriously wounded during a  botched attempt to free seven workers seized by Nigerian militants in the troubled Niger Delta. A Nigerian navy spokesman told the BBC that the remaining five foreign hostages had been rescued unharmed, while two militants were killed.

A rare victory for people power. The Guardian has reported how the Achuar Indians from the Amazon have managed to get the Peruvian government to take notice of their plight.
For decades they had been saying that their land had been heavily polluted and their waters poisoned by oil exploration, but they had been consistently ignored.