According to a leaked letter, the Obama Administration is set to propose ending fossil fuel subsidies next week at the Pittsburgh G20. The letter, authored by Michael Froman who is an Obama advisor on international economic affairs, calls on the...
Sometimes a story grows legs, other times it hits the dust. But yesterday’s front page story in the Independent about negotiations to end oil trading in dollars seems to have hit a raw nerve and sent shock-waves through the currency...
As Iran continues to grab the headlines coming out of the Middle East, the Obama Administration is said to be quietly pushing Israel to soften its stance on Gaza to relax its vice-like grip on the border crossings, in order...
Flush from his “successful” summit at the G20, UK Prime Minister Gordon Brown is now preparing for his next test: his budget in two weeks times. His room for manoeuvre is limited with the pot of money largely seen as...
Most people across the spectrum of the energy industry – from its critics to its most ardent supporters - believe that the days of easy oil are really over. Apart from the abundant deposits in the Middle East, which are...
Thirteen years ago today, the world watched in horror as a brutal military dictatorship executed Ken Saro-Wiwa and eight other Ogoni activists. Ken and the others were fighting against Shell for a greater share of the oil waealth that was...
Oh it’s so good to be back. After a 35 year absence Shell has become the first western oil company to land a major deal with the government in Baghdad since the invasion of the country five years ago. They...
It could be the ultimate irony for millions of people who opposed the illegal war in Iraq – within months when they switch on their heating or their cooker, they could be burning Iraqi gas. Their homes could be heated...
Poor old George. He doesn’t quite get it. He doesn’t quite understand that what he does with his right hand impacts what he does with his left. Take the thorny issue of Iran. There is increasing speculation that Bush wants...
President Susilo Bambang Yudhoyono of Indonesia has said that his country was considering quitting OPEC because it was no longer a net oil exporter. "Our wells are drying," he said in a nationally televised speech, adding that the country needed to...
