| May 26, 2008 | ![]() |
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Analysis: Oil prices pummel U.S. security Washington DC (UPI) May 26, 2008
Unless the United States' energy structure changes radically and rapidly, soaring oil prices will leave the country at the mercy of hostile states and terrorists, witnesses testified Thursday in Congress. The United States currently consumes close to 21 million barrels of oil per day and imports almost 14 million barrels a day, or 60 percent. Countries in the Persian Gulf supply 16 perc ... read more
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Analysis: Europe worried by oil prices
Berlin (UPI) May 23, 2008 First the high euro, now this: ever-rising oil prices have shocked observers, who fear Europe's export-driven economies will take a beating. Anyone remember 2002? The New England Patriots won their first Super Bowl, Ben Affleck was dating Jennifer Lopez, and oil prices were at roughly $30 a barrel. An Iraq war, an Iranian nuclear crisis and some worrying global warming reports later, pr ... more Analysis: To drill or not to drill?
The Dalles, Ore. (UPI) May 23, 2008 A day after oil prices topped $130 a barrel for the first time in history, U.S. lawmakers debated Thursday whether increased production at home would lower prices at the pump. In an effort to ease the burden on consumers as gasoline prices reach record highs of $4 a gallon, Congress passed a measure last week demanding that the administration stop pulling oil off the market to fill the ... more Philippines, US to hold naval exercises near Spratlys: report
Manila (AFP) May 24, 2008US and Philippine forces will carry out joint naval exercises off Palawan, the closest major Philippine island to the disputed Spratlys chain in the South China Sea, a report said Saturday. The joint exercises will begin Monday, Vice Admiral William Douglas Crowder, commander of the US seventh fleet flagship the USS Blue Ridge, told the Philippine Star newspaper. About four US ships will ... more Rice plugs nuclear power, US oil exploration
Washington (AFP) May 23, 2008The United States needs to explore more for oil at home and tap nuclear power as part of a comprehensive energy policy, Secretary of State Condoleezza Rice said in an interview aired Friday. Speaking to CNBC television during a visit to California, Rice also dismissed fears that the US economy was losing its competitive edge to China and India. It's very important that we diversify (ene ... more Italian rubbish arrives in Germany
Berlin (AFP) May 23, 2008Fifty-six containers full of rubbish from Naples arrived by train in Hamburg on Friday as part of a deal between Germany and the southern Italian city to tackle its trash crisis, officials said. Four trains 500 metres (a third of a mile) long, each carrying between 500 and 700 tonnes of rubbish, are to make the 44-hour journey every week to the northern German city, where it will be burned a ... more |
ENERGY NEWS
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Brussels (AFP) May 23, 2008The European Commission said Friday that it wants to make advanced braking systems and hi-tech tyres obligatory on cars and trucks in an effort to reduce road deaths and greenhouse gas emissions. The plan is to have electronic stability control systems on all new cars from 2012 and advanced emergency brakes plus lane departure warnings on trucks and other heavy vehicles the following year. ... more China's CNOOC in takeover talks with Canadian energy firm: report
Hong Kong (AFP) May 26, 2008Chinese oil giant CNOOC is in talks with Canadian-based Talisman Energy over a possible takeover deal, a report in Hong Kong said Monday. CNOOC, China's third largest oil company, is in discussions that could lead to asset sales or a complete takeover, the South China Morning Post said citing unnamed sources. The report also said that energy giant PetroChina was looking at taking a stake ... more WTO members want more transparency in China trade policies
Geneva (AFP) May 23, 2008China should enhance the transparency of its domestic regulations and standards, according to World Trade Organisation member states after a review Friday of Beijing's trade policies. At the same time, China should also improve protection and respect for intellectual property rights, they said. The China review, part of a regular process for members every four years, was good overall, sa ... more China, Russia sign bln-dlr nuclear deal: official
Beijing (AFP) May 23, 2008China and Russia on Friday signed a one-billion-dollar deal to expand a nuclear energy facility in the Asian nation, a Russian official said. "We have completed negotiations on construction of a uranium enrichment factory," Sergei Kiriyenko, head of the Russian nuclear agency Rosatom, told reporters in Beijing. He was speaking during a visit to Beijing by new Russian President Dmitry Med ... more |
ENERGY TECH
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Brussels (AFP) May 22, 2008Thousands of litres of aviation fuel could have contaminated ground water in Belgium, after a farmer pierced a NATO pipeline, authorities in southern Belgium said Thursday. Firefighters working overnight Wednesday siphoned up to 30-40 cubic metres of spilt fuel at Saint-Symphorien, near Mons. After staunching the flow, Belgian defence ministry specialists managing the NATO pipeline began ... more WHO rushes experts to quake-hit China
Beijing (AFP) May 22, 2008The World Health Organisation said Thursday it was rushing experts, medical supplies and equipment to China amid increasing fears of disease outbreaks more than a week after the devastating earthquake. The medical supplies will help treat 130,000 people, the UN body said, while the equipment will help ensure clean drinking water and proper sanitation -- vital for controlling any outbreak. ... more European Parliament urges EU to set up 'food stocks'
Strasbourg (AFP) May 22, 2008The European Parliament on Thursday called on the EU to set up "food stocks" to avert future crises. In a non-binding resolution, euro deputies stressed that current EU cereal stocks would last only 30 days and questioned whether European food stocks "are at the right level, especially in view of possible crises". They therefore called on the European Commission "to develop strategies to ... more More disaster awaits China's quake zone: official says
Beijing (AFP) May 22, 2008Aftershocks, avalanches and flooding could bring more geological disasters to China's mountainous southwest following last week's devastating earthquake, a senior government official said Thursday. The 8.0-magnitude earthquake has increased risks along China's Dragon Gate seismic fault, a well-known geological landmark, Yun Xiaosu, vice head of the Ministry of Land and Resources, told report ... more
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FARM NEWS
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