Mafia Link To Radioactive Waste Dumped In Mediterranean

An unmarked wreck full of radioactive waste was found in the Mediterranen, off the coast of Italy, on Saturday. Prosecutor Bruno Giordano stated that the ship may be proof that the mafia has been sinking nuclear...

Venezuela calls for OPEC output cuts

Joining Lybian previous calls, Venezuela has also suggested a OPEC output cuts for stabilising world prices. This reduction -of an estimate one million barrels a day- would be proposed during the next OPEC...

Somali pirates demand $25m ransom for supertanker

Somali pirates have demanded a $25 million ransome for the Saudi oil tanker which they hijacked earlier this week.Yesterday Saudi Arabia's foreign minister confirmed that the ship's owners are in talks with the...

OPEC eyes cutting output by 1-1.5 mbpd - UAE agency

The falling crude prices along with looming recessionary threat ,The OPEC is going to cut the production of crude by1- 1.5 mb per day.This panic move of OPEC clearly opens up the story behind the crude price...

Cuba claims massive oil reserves

This is very good news for oil hungry humans , but the explopration of oil with the declining trend of oil prices along with weakening US economy is going to be very tough task.The Cuban economy...

Dems trying to Ban Oil Shale AGAIN

"Reid to Renew Oil Shale Ban, Deny Americans Vast Energy Resources During Economic Crisis 09/25/2008 - 12:46:53 PM We've just been alerted that despite House Democrats relenting on extending bans on offshore drilling and oil shale in the continuing resolution (CR)...

Democrats to let offshore drilling ban expire

It was decided today that the House Democrats will now allow a drilling ban to expire, meaning oil can now be drilled off the Atlantic and Pacific coasts starting next week.This could be very hazardous for the...

12 Barrels of Lager for The Windsor Castle (Pub) Delivered to HM The Queen

I expect HM the Queen said, "We are not amused" when twelve barrels of lager were delivered to the snooty residence of Her Majesty the Queen at posh Windsor Castle.  They should have been...

Roughly 40 Residents Evacuated After Truck Carrying Chemicals Overturns

This is my hometown. I didnt live too far from where this took place. There is some houses and then the school just to the right (does not show in pic)."About 40 residents in the Erie County Village of Alden have...

McCain Calls Barack, NObama on Energy

Republican John McCain said Monday that drilling for oil off the U.S. coast is an essential part of any plan to lower gas prices and reduce dependence on foreign sources, and he criticized Democrat Barack Obama for opposing it." “We all know that a comprehensive solution is...

OPEC: Both, demand and supply will soar.

After blaming a weak dollar and speculation over high petrol prices, OPEC stated both demand and supply will soar. However, one wonders whether they will meet at all? " Oil demand and supply will soar: OPEC Cartel blames speculators and weak U.S. dollar for recent price...

Giant Saudi field is key to boosting oil output

Amidst the talk of Crude prices hitting a record level of $150, one of world's biggest oil supplier Saudi Arabia had commissioned a giant field to boost oil supply. " This massive oil field surrounded by the desolate sands of Saudi Arabia's vast eastern desert feels like...

Saudi Arabia Increases Oil Production To 9.7 Million Barrels Per Day

"King Abdullah has agreed that his country will increased output to 9.7 million barrels a day as he opened a summit on the soaring international price of crude."

Nigeria: Another heavy attack by Militants on oil pipelines

Nigerian militants blew up a key oil supply pipeline operated by Chevron, in the latest attack targeting the country's multi-billion-dollar oil industry, company and military sources said Saturday.The US oil giant was forced to shut down operations as a result of the...

China and Japan 'Agree' to Gas Deal

After an historic diplomatic summit between China and Japan in May, the two countries are reportedly close to making a formal agreement to develop gas fields in the East China Sea that have long been disputed. Although the "known reserves" are a "modest 180 million barrels"...

closeSign in to NowPublic

is reporting from