| January 17, 2008 | ![]() |
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Analysis: Brazil, Cuba sign oil pact Miami (UPI) Jan 16, 2008
Brazil has signed a deal with Cuba to begin exploring its potentially oil-rich waters in the Gulf of Mexico in exchange for a multimillion-dollar aid program.
Brazilian President Luiz Inacio Lula da Silva met with acting Cuban leader Raul Castro Tuesday in Havana to ink the deal that would give Brazil's Petrobras access to Cuban waters, where it hopes to begin drilling in the next two y ... read more
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Analysis: Iraq oil flow actually lower
Washington (UPI) Jan 16, 2008New reports on Iraq oil production find it flat, possibly decreasing, dampening expectations the sector was steadily advancing in the final months of 2007. The needs of Iraq's oil sector to continue and expand are not new. But the inability to exact levels of oil flow -- particularly the exports that bring in the tens of billions of dollars a year that support the federal budget -- hig ... more 23 US groups forge coalition against India nuclear deal
Washington (AFP) Jan 15, 2008Twenty-three US groups launched an effort Tuesday to stop a US deal aimed at providing India with civilian nuclear fuel and technology, saying it would instead beef up New Delhi's atomic weapons capability. The Campaign for Responsibility in Nuclear Trade said the US-India civilian nuclear agreement would also "dangerously weaken" nonproliferation efforts, embolden Iran and North Korea to pu ... more Germans, Japanese automakers push diesel in the US
Detroit, Michigan (AFP) Jan 16, 2008Two decades after Americans abandoned diesels as smelly, loud and unreliable, German and Japanese automakers are placing bets that they can entice a new generation of drivers with clean diesel technology. Japan's Honda Motor recently announced plans to introduce clean diesel under its luxury Accord brand next year, while Toyota Motor said Sunday it would bring diesel versions of its Tundra t ... more Green-car market battle lines drawn at Detroit Motor Show
Detroit, Michigan (AFP) Jan 15, 2008The Detroit Motor Show has put a spotlight on the looming battle for supremacy in the fast-growing market for green cars, especially between US and Asian auto makers. With a rise in worldwide concern over global warming and soaring oil prices, carmakers from every country have accelerated their investments into producing cars with improved fuel efficiency and reduced harmful emissions. T ... more Bulgaria wants EU approval to reopen nuclear reactors: minister
Sofia (AFP) Jan 16, 2008Bulgaria should be allowed to reopen two closed reactors at its Kozloduy nuclear plant or receive larger compensation for the EU-required shutdown, the energy minister said Wednesday. "We see the European Commission's decision for the shutdown as unfair, not only towards Bulgaria but also towards the rest of the Balkans ... Everybody agrees that the blocs were closed not because they were un ... more |
ENERGY TECH
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Frankfurt (AFP) Jan 16, 2008The European Commission wants Germany to double the percentage of renewable energy in its overall consumption to 18 percent by 2020, a press report said, quoting EU diplomatic sources. The European Union's executive branch wants France to raise its share of energy produced by solar, wind and other clean power generating methods to 23 percent over the next 12 years, the daily Handelsblatt sai ... more EU threatens 50,000 jobs with CO2 plan: German steelmakers
Berlin (AFP) Jan 16, 2008The German steel industry warned Thursday of huge job losses if the European Commission went ahead with a new emissions trading scheme in its climate protection drive. "If by 2020 all emission rights must be bought at auction, at least 50,000 jobs in the German steel industry are in danger," the head of the industry foundation, Dieter Ameling, told the conservative daily Die Welt in an inter ... more China's Africa fund makes 90 million dollar debut: report
Beijing (AFP) Jan 16, 2008A Beijing-backed equity fund that aims to boost Sino-African ties has signed a first batch of investment deals worth more than 90 million dollars, state media reported Wednesday. The China Africa Development Fund would invest the money in Sinosteel and three other Chinese companies with projects in Africa, with a total cost of four billion dollars, the China Securities Journal said. They ... more US concerned over China military build-up, Taiwan: admiral
Beijing (AFP) Jan 15, 2008The top commander of the US Pacific Fleet raised concern Tuesday over China's military build-up and urged Beijing to clarify the intentions of its increasingly sophisticated armed forces. Admiral Timothy Keating said he urged Beijing to increase transparency in military affairs during talks with government and defence officials here which focused largely on the issue of Taiwan. "China's ... more |
WOOD PILE
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Tokyo (AFP) Jan 15, 2008More than 500 people have died alone in public housing since the massive 1995 Kobe earthquake, which shattered the community structure, police said Tuesday. Japan on Thursday will mark the 13th anniversary of its worst disaster since World War II, in which a 7.3-magnitude tremor devastated the western city of Kobe, killing 6,433 people and leaving about 400,000 others homeless. Japan bui ... more FDA OKs food from some cloned animals
Washington (UPI) Jan 15, 2008The U.S. Food and Drug Administration has concluded meat and milk from cloned cattle, swine and goats are as safe to eat as food from normally bred animals. The announcement Tuesday capped years of controversy and study and included the offspring of clones from the three species traditionally consumed as food. The FDA said there was insufficient information for it to reach a conc ... more Fisker Automotive Unveils Fisker Karma, First Ever Luxury Plug-In Hybrid
Detroit MI (SPX) Jan 16, 2008Fisker Automotive has unveiled its first production car, the Fisker Karma, at the North American International Auto Show (NAIAS) in Detroit. The first of its kind four-door plug-in hybrid premium sports sedan will have a starting price of $80,000. Initial deliveries of the Karma will commence in the 4th quarter of 2009 with annual production projected to reach 15,000 cars. The first 99 car ... more Chinese prepare for US car market invasion
Detroit, Michigan (AFP) Jan 15, 2008Chinese automakers are actively preparing for entry into the US car market, the biggest in the world, in a move that has not gone unnoticed by American and Japanese rivals. With a record presence at the North American International Auto Show in Detroit, Michigan this year, China has made a splash with four manufacturers -- Geely, BYD, Changfeng, Li Shi Guangming -- and a distributor, Chamco ... more
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CAR TECH
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