Four Nations Bid to be Carbon Neutral

March 31, 2008By Andy RowellBlog Post

It’s the race for the ultimate ecological accolade. Four countries are competing to be the first of the world’s 195 nations to go entirely carbon neutral. Iceland, New Zealand, Norway and Costa Rica have formally signed up to go zero carbon, although each faces huge challenges.

Chavez Blames Iraq for Soaring Oil Prices

March 28, 2008By Andy RowellBlog Post

As the price of oil futures surged yesterday as investors worried about Iraqi oil output after a key pipeline was bombed near Basra, with impeccable timing Venezuelan President Hugo Chavez once again took a diplomatic swipe at his old enemy the US. Chavez argued that the American invasion of Iraq is partly to blame for … Read More

Western US is Fastest Warming Region

March 28, 2008By Andy RowellBlog Post

The American West is heating up faster than any other region of the United States, and more than the Earth as a whole, according to a new analysis of 50 scientific studies. For the last five years, from 2003 through 2007, the global climate averaged 1 degree Fahrenheit warmer than its 20th century average. During … Read More

Russia Plans to Double Spending on Exploration

March 28, 2008By Andy RowellBlog Post

The Russian government will double state spending on oil exploration to 2020 to $23 billion with the focus on oil in eastern Siberia to ensure a “good” replenishment of reserves, the country’s Natural Resources Minister Yury Trutnev said yesterday. Trutnev told reporters that the Cabinet had approved his proposal to increase state spending on mineral … Read More

Greenland Joins the Oil Rush

March 27, 2008By Andy RowellBlog Post

There is something absurdly ironic when climate change caused by the oil industry leads to the melting of ice, which in turn leads to more land or sea being available to explore for oil and gas. The latest country to be affected is Greenland, where oil companies have begun looking for crude deposits off the … Read More

Basra Fighting Could Disrupt Oil Supplies

March 27, 2008By Andy RowellBlog Post

The fighting in Basra could soon affect Iraq’s oil supplies. Oil production and exports from Iraq’s southern oilfields could be disrupted in three days if workers cannot reach their offices due to fighting in Basra. “If the military operations continue for three more days, the oil workers will not be able to continue their work … Read More