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Natural resources

‘Ruble drop- continuation of global credit crisis’
A global crisis has never ended, most of the Western states have enormous debts which they are not able to pay off, and the current collapse of the Russian currency is just its continuation, Mitch Feierstein, of Glacier Environmental Fund, told RT.

18.12.2014 15:02

​Oil price drop ‘good for Britain’ – Chancellor Osborne
Chancellor George Osborne has welcomed the global fall in oil prices, calling the drop a “net positive” in providing UK consumers with cheaper sources of energy, while applying political pressure on Russian President Vladimir Putin.

16.12.2014 15:07

Canada pressures US to pass Keystone XL as falling oil prices threaten project
The Keystone XL pipeline may no longer make economic sense to build, thanks to falling global oil prices. However, Canada's natural resources minister is in Washington to push hard for the project’s construction.

15.12.2014 21:13

Energy firms in crisis amid collapsing oil prices, insolvencies treble
Insolvencies among UK oil and gas companies have trebled this year with a further £55 billion worth of future oil projects facing uncertainty, an accountancy firm has warned.

15.12.2014 09:13

Arizona rep. offends Native Americans by calling them ‘wards of federal govt’
In an Arizona community meeting, Rep. Paul Gosar made a controversial remark that offended Native Americans in attendance and across the country when he called them ‘wards of the federal government’.

11.12.2014 20:26

‘Failed experiment’: Privatized rail, water & utilities hit households financially – study
British households could be saving £250 a year each if services such as railways and water were publicly owned rather than privatized, according to a new report.

09.12.2014 14:26

Australia develops world's most efficient solar panels
​Australian researchers have developed a new method of using commercial solar panels that converts more electricity from sunlight than ever before.

08.12.2014 08:38

Saudi Arabia expects oil price to stabilize at $60
Saudi Arabia, OPEC’s biggest oil producer, has reportedly said the oil price should stabilize at about $60 per barrel, a level that other cartel members would also sustain.

04.12.2014 12:37

German-made ‘miracle’ machine turns water into gasoline
There is as yet no method to mimic Jesus Christ and turn water into wine, but German chemical engineers have proved they can perform miracles of alchemy. They are now finalizing the assembly of a rig that changes water into gasoline.

28.11.2014 07:39

Russia not planning to reduce oil production – Deputy PM
Moscow is to stay in line with OPEC’s decision not to cut oil production, said Russia's First Deputy PM. The move serves to secure the country’s position on the market and protect the budget.

29.11.2014 12:59

Oil market to face major change – Rosneft CEO
The decline in oil prices and the increase in alternative shale production in the US will trigger a redistribution of the world oil market, said Rosneft CEO Igor Sechin.

28.11.2014 07:26

Venezuelan president resolved to return oil to $100 a barrel
Venezuela is determined to fight for a return to a ‘fair’ $100 oil price, President Nicolas Maduro announced following OPEC’s decision to keep current output levels.

28.11.2014 05:34