Posts in July 2007
Iraq’s Exports to US Fall
Iraq’s crude oil shipments to the United States have fallen to the second lowest monthly level in almost four years, the U.S. Energy Department has confirmed. Iraq exported 341,000 barrels of crude oil a day that month to the U.S. market in May, down 39 percent from the month before. The Energy Department said it…
Continue reading ‘Iraq’s Exports to US Fall’.Flooded Britain: Climate Change To Blame
People in Britain have begun to think the unthinkable. That climate change is actually here. As huge swaths of the country are under water, with many communities without power or water people are asking whether this is a freak of nature or this is climate change. In may places over a month’s rain fell in…
Continue reading ‘Flooded Britain: Climate Change To Blame’.Iraqi Lawmakers Split on Oil Law
Such is the continued division over Iraq’s controversial oil law it is now unlikely to be passed before September, when the Bush administration must report to Congress on Iraq’s progress toward meeting certain legislative benchmarks. The report is expected to have an impact on whether Congress continues to support the Iraq war.In Iraq’s Parliament yesterday…
Continue reading ‘Iraqi Lawmakers Split on Oil Law’.Refining Shortage Causes High Gas Prices
America’s high gas prices are being caused, in part, by what has been called an “invisible hurricane” – have been plagued by a record number of fires, power failures, leaks, spills and breakdowns this year, causing dozens of them to shut down temporarily or trim production. These mechanical breakdowns have created a bottleneck in domestic…
Continue reading ‘Refining Shortage Causes High Gas Prices’.A Hummer And a Divided Nation
Interesting story in today’s Independent about events in Brandywine Street, a suburb of Washington DC, which the paper argues is “now on the frontline of America’s fractious debate about climate change.” It reports: “Early on Monday morning, two masked men arrived there wielding baseball bats and a machete. They then set about attacking the enormous…
Continue reading ‘A Hummer And a Divided Nation’.GAO: Iraqi Oil Sector in Tatters
Even after spending $2.7 billion in U.S. reconstruction funds, Iraq’s oil sector has failed to achieve any of the goals to boost production, according to a new report by the Government Accountability Office. Indeed, the highest production levels were reached back in 2004 and have not been equaled since then. In addition, the State Department’s…
Continue reading ‘GAO: Iraqi Oil Sector in Tatters’.Sea Levels May Rise by 9 Inches This Century
The melting of mountain glaciers and ice caps as a result of global warming over the next century is likely to cause bigger than expected increases in sea levels, according to scientists. An assessment of the volume of water running into the oceans from melting ice caps suggests that sea levels could rise by two…
Continue reading ‘Sea Levels May Rise by 9 Inches This Century’.Celebs Target India in Climate Change Drive
As part of Global Cool’s campaign to raise awareness of climate change in India, Hollywood celebrity actress Sienna Miller has joined forces with Indian superstar Amitabh Bachchan to urge Indians to do more to curb global warming. The Hollywood actress, and star of “Casanova,” “Layer Cake” and “Alfie” met Bachchan in Mumbai at the start…
Continue reading ‘Celebs Target India in Climate Change Drive’.Somalia: Chinese get Half the Profit
Further details have emerged of CNOOC’s oil contract with the Somali government. It grants the Chinese state giant the right to almost half of any profits from production but also promises large bonuses to the Somalis if significant discoveries are made. A production-sharing contract signed last year gives CNOOC and its partner, China International Oil…
Continue reading ‘Somalia: Chinese get Half the Profit’.Nigeria: Oil Companies Must Pay for Pollution
Nigerian President Umaru Musa Yar’Adua has warned that oil companies operating in Nigeria must be made to pay heavy fines for oil spills caused by them. Taking a much stronger line than any of his predecessors, the President said that regulatory authorities must ensure that stiff penalties are imposed on companies that default in cleaning…
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