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Posts in April 2008

• US Emissions Will Still be 25 per Cent over UN Benchmark

  Andy Rowell

  Apr22

  Even if the US implements the proposed measures outline by George W. Bush, it will still be nearly a quarter over a key UN benchmark by 2025, the International Energy Agency has conceded. 1990 is a closely watched — and politically sensitive benchmark for measuring the commitment for tackling global warming. “With current policies, the…
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• Eni Looking for Iraq Return

  Andy Rowell

  Apr22

  ENI’s chief executive Paolo Scaroni said he is “certain” the company will return to doing business in Iraq as soon as it is safe to do so, because it represents such an “opportunity”. “What we know for sure is that Iraq produces 1.5 million barrels a day and it could be producing 5 million (a…
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• Oil Has Peaked, Says Poll

  Andy Rowell

  Apr21

  Most people believe oil is running out and governments need to find another fuel, an international poll has found. On average, 70 percent of respondents in 15 countries said they thought oil supplies had peaked. Only 22 percent of the nearly 15,000 respondents in nations ranging from China to Mexico believed enough new oil would…
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• MEND Threatens War

  Andy Rowell

  Apr21

  Many years ago, before he died in a plane crash, the Nigerian academic Claude Ake warned about the consequences of the militarisation of commerce. Over a decade later, the spiral of violence concerning oil continues. Ake’s painful warning has come true. As America conducts more naval maneuvers in the Gulf of Guinea, the Movement for…
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• Another 30 Years?

  Andy Rowell

  Apr21

  When engineers first turned the spigot on the Trans-Alaska Pipeline (TAPs) in 1977, they thought it would run for about 30 years. But with its 31st anniversary approaching in June, the pipeline is supposedly primed for another 30 years. As producers continue to find ways to squeeze more oil from the frozen North Slope, a…
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• Investors Rebel Against BP Tar Sands Investment

  Andy Rowell

  Apr18

  The financial backlash against BP’s investment in tar sands has begun. A group of American and British shareholders in BP have joined forces to protest over the oil company’s decision to start extracting oil from Canadian tar sands. Eleven fund managers, which together manage total assets worth more than $10 billion said that BP’s move…
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• Stern: “I Underestimated Risks”

  Andy Rowell

  Apr18

  For many people in Government, Sir Nicholas Stern’s report on climate change was seen as a benchmark study. But now Stern has warned that the gloomy predictions of his high-profile review of the future effects of global warming underestimated the risks, and that climate change poses a bigger threat than he realised.

• Russian Oil Production has “Peaked”

  Andy Rowell

  Apr18

  Russian oil production has dropped this year for the first time in a decade, adding to the already jittery oil market, with some industry insiders saying it has already “peaked”. Russia, the world’s biggest oil exporter after Saudi Arabia, averaged 10 million barrels per day from January through March, the International Energy Agency said in…
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• Bush “Pledges To Do Nothing” on Climate Change

  Andy Rowell

  Apr17

  If this was the moment he was going to secure his green legacy, like many other occasions in his Presidency, President Bush failed miserably. When yesterday he called for a national goal of halting the growth of U.S. greenhouse gas emissions by 2025, his voluntary target fell well short of what most leading scientists say…
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• Iraq Tells EU “We are Open for Business”

  Andy Rowell

  Apr17

  The Iraqi Prime Minister Nouri al-Maliki told the European Union yesterday that his nation is “open for business”. Al-Maliki said that in return for opening its vast oil and gas reserves to investors, Iraq wants EU know-how to rebuild its tattered institutions and industrial base.