China introduces law to promote sustainable economy

China is the most populous nation on earth; one in every five people on earth lives in China.   With nearly 20% of all humans residing within its borders China has an enormous impact on the...

Oil price falls as Hurricane Gustav weakens

The price of oil has fallen to below $111 a barrel as Hurricane Gustav weakened on its approach to the US coastline. "A stronger dollar also helped reverse the course for oil prices, which had risen by nearly $3...

Houston refinery crane collapse kills 4

UPDATE: 9:42PM ESTSeven people were injured in the collapse, but it is still not known what caused it." The owner of the crane, Deep South Crane & Rigging, says it's already investigating. It's hoped that...

Indonesia, Iran agree to build oil refinery in Banten

"Visiting Indonesia`s President Susilo Bambang Yudhoyono made the statement in a press conference held at the Saad Abas Palace here on Tuesday night.The cooperation, he said, would involve Indonesia`s state oil company PT Pertamina, the Oil Refining Industries Developing...

BP to cut 5,000 jobs as profits fall by a fifth

"Profits at BP, the UK's largest company, fell 22 per cent to $17.29 billion (£8.7 billion) last year. The oil giant confirmed it would cut 5,000 jobs and target a 20 per cent reduction in overheads by the middle of next year. Chief Executive Tony Hayward said the...

SHIPPING POLLUTION "FAR MORE DAMAGING THAN FLYING"

In Europe the talk is all about carbon footprint – taking responsibility for ones own pollution. It is fashionable to talk about carbon offset – where air miles are balanced by giving something back...

Signs Point To Citgo Shutdown?

"There are rumblings that the Venezuelan oil company is pulling the plug on the brand. The signs are boiling to the surface. Yet, you won’t read about any of it in the New York Times, Wall Street Journal or Houston Chronicle. Why not? It is a big story, almost on the scale...

Energy Policy

U.S. Energy Policy, as it stands today, is broken because it is not sustainable in the long term, and provides far too little foresight to ever become sustainable. A lot of people agree, but they are split into groups that prevent enough action from being taken. The largest...

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You Should See Edward Burtynsky

This guy is amazing:"Over the past two and a half decades, the internationally acclaimed Canadian photographer Edward Burtynsky has been an explorer of unfamiliar places where industrial activity has reshaped the land, perhaps altering it forever. His surveys of the man-made...

Wisdom of the East

"So, it is not correct to say that oil prices go up because of shortage or war. The fact is that there is more production of oil today than was the case some 10 years ago. The production is going up, the consumption is going up, but refinery capacities are not increasing in a...

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