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Posts in April 2008

• Guns for Oil?

  Andy Rowell

  Apr25

  A group of US senators is pressing President Bush to halt billions of dollars in sophisticated arms sales to Saudi Arabia and several other Gulf oil producers unless they agree to pump more oil. The senators said if Saudi Arabia does not increase production, they would seek a resolution that would block the arms deals….
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• BP Plans to Invest $560m in Biofuels

  Andy Rowell

  Apr25

  Everyday someone warns about the dangers of oil sands, so what does BP do? It invests in oil sands? Every day someone else warns of the dangers of biolfuels, so what does BP do? Invest in biofuels… BP has announced plans to invest $560m in biofuels, arguing that its proposals to develop ethanol production from…
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• Methane Levels Rising Again

  Andy Rowell

  Apr25

  This is worrying. Levels of the greenhouse gas methane in the atmosphere seem to be rising having remained stable for nearly 10 years. Data from the National Oceanographic and Atmospheric Administration (Noaa) in the US suggest concentrations rose by about 0.5% between 2006 and 2007. The rise could reflect melting of permafrost, increased industrialisation in…
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• The Back-Yard Oil Boom

  Andy Rowell

  Apr24

  Oil prices are going up, food prices too. And so are the number of oil wells being drilled in the US. According to the American Petroleum Institute, more than 17,000 new oil wells were tapped in 2007, the most active pace since 1990. Reuters has reported one such case that signifies changing times.  What is…
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• Tokyo Summit Calls for Climate Targets

  Andy Rowell

  Apr24

  At their annual summit in Tokyo, European and Japanese leaders have called for “ambitious and binding” targets for cutting greenhouse gas emissions. Their statement says curbing climate change will need mobilisation of “unprecedented investments and finance” mainly from the private sector.

• The Iraqi Oil Windfall

  Andy Rowell

  Apr24

  New data on Iraq oil revenues suggests that country’s government will reap an even larger than expected windfall this year — as much as $70 billion — according to the special U.S. auditor for Iraq. New figures from Iraq’s government show revenue from exports hit $5.83 billion in December — more than $1 billion over…
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• Climate Change “May Put World at War”

  Andy Rowell

  Apr23

  Climate change could cause global conflicts as large as the two world wars but lasting for centuries unless the problem is controlled, a leading think tank has warned. The Royal United Services Institute, based in the UK, said a tenfold increase in research spending, comparable to the amount spent on the Apollo space programme, will…
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• Iraq May Drop Oil Service Contracts

  Andy Rowell

  Apr23

  The Iraqi Oil Minister Hussein Al-Shahristani has said the country will likely drop oil service contracts with foreign companies if they don’t have their proposals finalized by a June deadline and will move forward with the work on its own. “June is already a bit late… We may drop them if they aren’t signed soon…
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• Alaska Rejects Exxon Plan

  Andy Rowell

  Apr23

  Alaska officials have rejected Exxon Mobil’s latest plans to develop the giant Point Thomson oil and natural-gas field, setting up a legal showdown to determine whether the state can revoke the lease. The move is the latest sign of how testy the relationship between Alaska and oil companies has grown in recent months as state…
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• Latin American Leaders: Biofuels ARE a Threat

  Andy Rowell

  Apr22

  Only last week, Brazil’s President Luiz Inacio Lula da Silva rejected allegations that biofuels are responsible for the recent rise in global food prices. In a diplomatic rebuke, two other Latin American leaders have now issued dire warnings about the effects of biofuel production on food supplies. Speaking at the UN in New York, Bolivian…
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