Energy

Erdoğan is a man of strong character: Putin

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Russian President Vladimir Putin praised on Thursday his Turkish counterpart, Recep Tayyip Erdoğan, as a “man of strong character” who refused to keep an energy agreement between Ankara and Moscow a secret to avoid Western pressure. Today’sZaman Answering a question on the Western request for Turkey to join sanctions against Russia during an annual press conference in Moscow, Putin said ... Read More »

Citing Health Risks, Cuomo Bans Fracking in New York State

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Gov. Andrew M. Cuomo’s administration announced on Wednesday that it would ban hydraulic fracturing in New York State because of concerns over health risks, ending years of debate over a method of extracting natural gas. The New York Times – THOMAS KAPLAN  Fracking, as it is known, was heavily promoted as a source of economic revival for depressed communities along New ... Read More »

How Countries Around The World Are Coping With Falling Oil Prices

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Every week, The WorldPost asks an expert to shed light on a topic driving headlines around the world. Today, we look at the impact of a steep decline in oil prices. On Friday, the price of benchmark crude oil dropped to new five-year lows. The Huffington Post  | By Charlotte Alfred The price of oil has been plummeting for months, leaving ... Read More »

Iran Nuclear Talks: The Beginning of the Endgame?

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After a year of negotiations, the parties to the Iran nuclear talks failed to meet their deadline of 24 November. Ali Vaez | @AliVaez – ICG Nonetheless the talks will continue, with the goal of reaching a political agreement by 1 March 2015 and a comprehensive agreement, including an implementation plan, by 1 July 2015 (see Crisis Group’s new report Iran Nuclear ... Read More »

Iran Nuclear Talks: The Fog Recedes

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Middle East Briefing N°43 – ICG OVERVIEW The failure of Iran and the P5+1 (the five permanent members of the UN Security Council plus Germany, also known as EU3+3) to reach a comprehensive nuclear agreement by their self-imposed 24 November deadline was no surprise. The process had been deadlocked for months over two key issues: the size of Iran’s enrichment ... Read More »

EU Internal Energy Market: The Vertical Corridor

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Yesterday (9.12) representatives of Austria, Bulgaria, Croatia, Greece, Italy, Romania and Slovenia as well as European Commission Vice-President for Energy Union Maroš Šefčovič met to discuss gas infrastructure priorities for Central- and South-Eastern Europe. To achieve this common objective, and “in view of the vulnerability of the region as demonstrated in the recent stress tests,” these Member States decided to complete ... Read More »

Loss of Control: The Current Financial Bubble is Busting?

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( Bill Holter – Global Research ) – Many who will read this work have been sitting patiently waiting for the house of cards to collapse.  For me personally, I confess the current maniacal financial bubble has gone on much longer than I ever imagined.  What did we miss?  Are we wrong or just early?  In my opinion, we were early, mathematically ... Read More »

Australia named worst-performing industrial country on climate change

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Performance index released at Lima climate talks puts Denmark in the best-performing slot, followed by Sweden and Britain Australia has been named the worst-performing industrial country in the world on climate change in a report released at international negotiations in Peru. The climate change performance index ranked Denmark as the best-performing country in the world, followed by Sweden and Britain. ... Read More »

Oil wars: Saudi Arabia makes enemies as prices tumble

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Washington: It really is a $US60 question. Oil prices are going through the floor and there is no sense yet of what the new petro-normal might be. But Saudi Arabia is punting that the market will “stabilise” at about $US60 a barrel. However, if Riyadh is the only global oil producer with the capacity to turn on or off the ... Read More »

Sheikhs v shale

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The new economics of oil The economics of oil have changed. Some businesses will go bust, but the market will be healthier THE official charter of OPEC states that the group’s goal is “the stabilisation of prices in international oil markets”. It has not been doing a very good job. In June the price of a barrel of oil, then ... Read More »