Oil at $50 is ‘gift to world’ as Abu Dhabi sees higher prices
Oil at $50 a barrel is a “gift to the world” as prices should be low enough to spur economic growth, according to the head of Abu Dhabi’s Department of Economic Development.
Oil lobby launches new campaign against ethanol mandate
The American Petroleum Institute (API) will run a “multifaceted advocacy campaign” against the Renewable Fuel Standard (RFS) for the next month ahead of a deadline for the Obama administration to finalize three years of standards under the mandate.
Shell takes $2 billion charge to quit oil-sands project
Royal Dutch Shell Plc made its second major strategic change in two months, announcing it will take a $2 billion charge to exit an oil-sands project in Alberta.
ISIS Inc: how oil fuels the jihadi terrorists
Oil is the black gold that funds Isis’ black flag — it fuels its war machine, provides electricity and gives the fanatical jihadis critical leverage against their neighbors.
Climate change will be an economic disaster for rich and poor, new study says
The new paper by Solomon M. Hsiang and Edward Miguel of Berkeley and Marshall Burke of Stanford suggests that rich countries aren’t immune from the economic hit, as others have postulated.
VW diesel scandal puts focus on other alt-fuel tech
Technologies that combine electricity with traditional engines are becoming commonplace. Within a few years, you’ll be hard-pressed to find an engine that doesn’t shut off when you’re idling at a stop light, recapture energy from braking and get an battery-assisted boost for passing.
Climate change could soon push Persian Gulf temperatures to lethal extremes, report warns
Rising global temperatures could soon push the sun-baked cities of the Persian Gulf across a threshold unknown since the start of civilization: the first to experience temperatures that are literally too hot for human survival.
After years of decline, U.S. oil imports rise
U.S. imports of foreign oil are rising again after a long decline, as the oil bust forces domestic producers to scale back.
It’s undeniable: Climate change made Hurricane Patricia worse
How did Patricia get to be so strong? The answer, quite simply, involves human-caused climate change.
Exxon sowed doubt about climate science for decades by stressing uncertainty
Collaborating with the Bush-Cheney White House, Exxon turned ordinary scientific uncertainties into weapons of mass confusion.
