England by Gaslight: Farts+Fuel+Flame=Pain

I always wondered if this could really happen, so a big thanks to the 12-year-old citizen myth-buster near Birmingham, England. It seems that igniting your farts can not only cause a gout of flame, but also wreak...

Teens Busted for Bombs, Blame the Game

Kids are not stupid. When they see that you can blame a parent-unfriendly video game in hopes of getting a lesser sentence, then they will do so. In this case, theree teens went on a petrol-bomb spree, and then...

Government relents and scraps fuel duty rise

The UK government has cancelled a planned 2p rise in fuel tax in light of the ever increasing petrol prices. However the timing to the decision, coming as it does shortly before the very important by-election in Glasgow East, has being deemed suspicious. Gordon Brown may be...

Sovereign funds fly out dollar deposits

In reaction to growing US dollar weaknes, some sovereign wealth funds decided to reduce their exposure to that currency. According to the following FT article "Behind the scenes, fund officials are questioning the credibility of the Federal Reserve and US Treasury in...

High petrol prices are GOOD for us, says Cabinet minister

I think he should have known better about how the majority live..or maybe he lives on other planet? " A cabinet minister welcomed spiralling petrol prices last night as an incentive for drivers to make fewer car...

Brazilian Petrobras oil workers on strike

Brazilian oil workers form Petrobras started a five day strike over the improvement of offshore working conditions. They intend to disrupt activities at the 42 oil fields at Campos basin which accounts for 80% of Petrobras production. It is unclear what would be the impact of...

Bush and Congress blame each other for soaring oil prices

In a dispute over the cause of current American recession, President Bush and Congress blame each other for oil soaring prices. While Republican Bush asked Congress to approve a bill to promote domestic oil exploitation, Democrat Senators asked him to release strategic petrol...

Colombian President Alvaro Uribe visits Venezuela (updated)

Updates: During a joint press conference today, President Hugo Chavez stated that both Colombia and Venezuela were meant to remain together. At the meeting, a re launching of diplomatic relations and cooperation on...

UK:Managing food scarcity by using -not wasting- leftovers

Recalling war time wisdom, UK suggests using and not waisting leftover could prove a smart strategy against food scarcity and higher prices. But, will it work elsewhere? " In Britain, wartime food wisdom finds a new role in battle to lower food prices 2008-07-10 21:32:11 - ...

Portugal to adopt "Robin Hood" tax on oil companies

In a new turn in government-oil company relations, Portugal intends to tax their climbing profits. Such move has already been introduced by some oil exporting countries such as Venezuela, Bolivia and Ecuador. Now, the turn falls on consumer countries to follow. " Portugal...

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...

solar-powered car that travels hundreds of miles

"James Dyson is working on a solar-powered car to match the success of his bagless vacuum cleaner. Engineers at the entrepreneur’s Wiltshire HQ are developing a lightweight electric motor that could power a family...

How Australia can reduce the price of petrol overnight (opinion)

Sometimes the simple solutions are the best - and this could probably work in most other countries as well."The rising price of petrol is hurting. It is hurting a lot. This is evidenced by the average speed of motorists - they are driving more slowly in an effort to conserve...

Bugs that eat waste and excrete petrol

"“Ten years ago I could never have imagined I’d be doing this,” says Greg Pal, 33, a former software executive, as he squints into the late afternoon Californian sun. “I mean, this is essentially agriculture, right? But the people I talk to – especially the ones...

Talks to resume in Shell drivers' strike

Talks resume tomorrow between striking truck drivers and their employers."Fresh talks in the pay dispute between haulage firms contracted to Shell and their striking tanker drivers will take place on Monday, the Unite union says. It comes as more petrol stations in Britain...

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