Falling oil prices embarrass and make life difficult for countries that depend on oil exports, including Russia and Venezuela, and the US would enjoy making life difficult for them, economist Richard Wolff told RT.
Is it a coincidence that the vulture funds are putting increasing pressure on Argentina as it prepares to develop the world’s second largest shale gas reserves? Are the vultures instruments of foreign policy?
Saudi Arabia wants to use lower oil prices to pressure Russia to change its stance on Syria, to antagonize Iran, and to force US shale gas out of the market, roving correspondent for the Asia Times Pepe Escobar told RT.
A new solar energy project seeks to bring Tunisian sunshine to the UK. TuNur is looking for UK government funding for its bright idea, which aims to power 2.5 million British homes with North African rays by 2018.
A “toxic triangle” of political inaction, short-sighted economic policies and profit-driven fossil fuel advocates threaten to raise global temperatures, leaving 400 million people in jeopardy of hunger and drought by 2060, Oxfam UK warned on Friday.
The UK has blocked a $6.4 billion deal by Russian billionaire Mikhail Fridman to attain North Sea gas fields, as part of its ongoing sanctions package against Russian businessmen and investors believed to have close ties with President Vladimir Putin.
LEGO has announced it will not renew its contract with Shell ending a 50-year association. It comes three months after a Greenpeace campaign to prevent the exploration of the Arctic which got the support by more than a million people worldwide.
Industry illegally injected about 3 billion gallons of fracking wastewater into central California drinking-water and farm-irrigation aquifers, the state found after the US Environmental Protection Agency ordered a review of possible contamination.
Profits have declined for German energy companies since Angela Merkel decided to shake up the power industry by cutting nuclear energy in favor of renewables. The impact on the energy sector is severe, and may be having a domino effect across Europe.