Analytics

The new millennium is characterized by major global changes, some already in motion and others that will be required to adjust to them. Energy supply is the centerpiece of major changes in motion as the world is in transit to a low-carbon economy.

Doors of opportunity have been flung open on Iraq's collossal upstream developments.

Wind power was a bit player in Texas as recently as four years ago. Today, wind turbines produce a significant share of the state's electricity.

Earlier this week, British company Desire PLC began drilling in an offshore block of theFalkland Islands. Immediately, Argentina President Cristina Fernandez de Kirchner let loose with a howl of rage, and the Summit of Latin American and Caribbean Unity issued a protest against the British company's drilling operations.

Plutus, the Greek god of wealth, did not have an easy life. As the myth goes, Plutus wanted to grant riches only to the "the just, the wise, the men of ordered life." Zeus blinded him out of jealousy of mankind (and envy of the good), leaving Plutus to indiscriminately distribute his favors.

Commodities, particularly crude, were trending down last week after China's Central Bank raised bank reserve requirements boosting the US dollar against other major currencies...

There’ s something about electric vehicles. They don’ t use gasoline or diesel and therefore don’ t pollute the air. They run without noise and are cost-efficient. If Filipinos are educated…

Investors could see some long-term trade and other benefits if a U.S. move to back away from a missile shield in Eastern Europe yields improvements in relations with Russia.

But it could raise other risks.

Without juice, electric cars can't run. And no matter how environmentally sound they may be, without charging stations, people won't buy them.

Middle Tennessee is one step closer to greener transportation, thanks to a multi-million dollar federal grant for fueling stations and Nissan's commitment to producing electric vehicles.

Can fossil fuels become clean energy?

The 12 members of the Organization of the Petroleum Exporting Countries (OPEC) pumped an average 27.98 million barrels per day (b/d) in March, as the oil producer group continued its efforts to slash oversupply and prevent oil prices falling further, according to a Platts survey of OPEC, oil industry officials and analysts just released. This is down 90,000 b/d down from February’ s 28.07 million b/d.

The world community has entered a period that will determine the future development of the economy and, possibly, the entire arrangement of the global system. Manifestations of the crisis are wide-reaching and multifaceted, while the unstable situation makes forecasting barely possible. Dynamical systems theory experts link such phenomena to the “ points of bifurcation,” at which the smooth trajectory of development ends and the system’ s behavior undergoes a restructuring, the results of which are hard to predict.