The UK government is not only claiming to be the greenest government ever, but it is also determined to oversee the greenest games ever at this year’s Olympic Games, due to start today. Sustainability has been at the forefront of all decisions made leading up to the games; from construction of stadiums, to organising transport…
Provincial authorities in Alberta announced plans to review pipeline safety regulations following a series of oil spills in the region. Plains Midstream Canada, Pace Energy Oil and Gas, and Enbridge Energy all experienced releases, sparking ire from aboriginal groups and environmentalists already upset over plans to move oil to the western coast. In the U.S.,…
Proponents of natural gas fracturing and oil drilling are delirious with joy over the ability to recover shale gas, which has brought down world gas prices and made the US a major player again. Likewise, North Dakota wells are set to produce up to 800,000 barrels of oil a day soon. (Although, since the world…
A recent study by Luciana Juvenal and Ivan Petrella suggests that the financialization of oil futures markets contributed significantly to the surge in oil prices after 2003. Lutz Kilian, Professor of Economics at the University of Michigan, questions their analysis and highlights that their paper actually does not shed any light on the role of…
The Big Five oil companies – BP, Chevron, ConocoPhillips, ExxonMobil and Shell – are slated to announce their 2012 second-quarter profits later this week.We can expect these companies, all of which rank in the top 10 of the “Fortune 500 Global Ranking,” to reveal billions of dollars more in profits, after earning $375 million in…
The Emperor’s Ghost: How the Transformations in the Horn of Africa and Red Sea Reflect, and Help Change, the Global Energy and Geopolitical SceneThe Red Sea and Africa’s north-east move deeper into an era of great change, with global ramifications asenergy acquisition patterns also transform, impacting the relative geopolitical centrality of the region. Ethiopians gathered…