Keyword: petrol

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  • 3,000 French Gas Stations Out of Fuel

    05/27/2016 8:44:54 AM PDT · by Lorianne · 25 replies
    NACS ^ | 26 May 2016
    An oil strike has forced around a fourth of the country’s stations to close because of lack of gasoline. ___ Some 3,000 gasoline stations in France—around a fourth of the country’s stations—have had to close because an oil strike has shut off their fuel supply, Telesur reports. For the first time in more than five years, France is dipping into its strategic oil reserves, while unions block refineries. Those stations lucky enough to have fuel are under government orders to restrict the sale of diesel or gasoline to around $30 per customer. Unions are picketing French refineries in protest against...
  • For Venezuela, the magic land of cheap gas, a big hike

    02/01/2014 1:46:22 PM PST · by smokingfrog · 10 replies
    Washington Post ^ | 1-19-14 | Nick Miroff
    CARACAS, Venezuela — Gasoline is so dirt-cheap in this country that the comparison undervalues dirt. Or, for that matter, almost any other element Venezuelan drivers can think of. “It’s cheaper than water,” said one motorist, pointing out that bottled water costs far more than the 95-octane gasoline gushing into his Ford Explorer. “Cheaper than air,” said the driver of a Chevy Tahoe, after paying more to fill a tire than the tank. “The cheapest in the world,” a third SUV owner boasted. “We could wash our hands with it.” And why not? Venezuela sits atop the world’s largest oil reserves,...
  • Petrol Prices

    05/30/2013 2:25:35 PM PDT · by Enza Ferreri · 5 replies
    Britain Gallery ^ | Enza Ferreri
    I know that this is difficult to believe, but petrol prices are probably going to decrease. This is the likely prediction that can be derived from a June 2012 study by one of the world's top experts on oil, gas, and energy, Leonardo Maugeri, entitled "Oil: The Next Revolution: The Unprecedented Upsurge of Oil Production Capacity and What It Means for the World" and published by the prestigious Harvard University Belfer Center for Science and International Affairs in America.The paper says that we expect a global growth in oil production "from 93 million barrels per day today to 110 million...
  • British Engineers Produce Amazing 'Petrol From Air' Technology

    10/18/2012 8:36:34 PM PDT · by Steelfish · 56 replies
    Telegraph(UK) ^ | October 18, 2012 | Andrew Hough
    British Engineers Produce Amazing 'Petrol From Air' Technology Revolutionary new technology that produces “petrol from air” is being produced by a British firm, it emerged tonight. Andrew Hough 18 Oct 2012 A small company in the north of England has developed the “air capture” technology to create synthetic petrol using only air and electricity. Experts tonight hailed the astonishing breakthrough as a potential “game-changer” in the battle against climate change and a saviour for the world’s energy crisis. The technology, presented to a London engineering conference this week, removes carbon dioxide from the atmosphere. The “petrol from air” technology involves...
  • Gas Prices On Catalina Island Pass $7 Mark

    04/07/2012 5:00:44 PM PDT · by Clint N. Suhks · 20 replies
    CBS LA ^ | 4/7/12
    AVALON, CATALINA ISLAND (CBS) — Catalina Island is known for many things… its picturesque scenery, seafood and hiking, to name a few. But what about high gas prices? For the past two weeks, gas prices on Catalina Island have been an average of $7 a gallon. Stacy Dizon, who works at the Santa Catalina Island Co.-owned gas station on Pebbly Road, tells CBSLA that a gallon of regular unleaded on Saturday is $7.03. (credit: Ivan Hernandez/Avalon Marine Dock) The gas station is one of two service stations catering to the island and nearby, Avalon.
  • EPA moves closer to OK of 15 percent ethanol gasoline

    04/03/2012 5:03:01 AM PDT · by thackney · 49 replies
    Fuel Fix ^ | April 2, 2012 | Associated Press
    The federal government announced Monday it has taken a step toward wide distribution of gasoline mixed with 15 percent ethanol by allowing manufacturers to register as suppliers. While the EPA is moving the process forward by allowing the registration, E15 still must clear another set of federal tests and become a registered fuel in individual states. Ethanol makers then must convince petroleum marketers to sell it at gas stations. Most ethanol fuel sold for passenger cars and pickups today is 10 percent ethanol and 90 percent gas. The new blend that boosts ethanol to 15 percent would only be sold...
  • Update: SoCal Arco gas stations to close

    03/17/2012 9:00:01 PM PDT · by jeannineinsd · 12 replies
    Orange County Register ^ | 3/17/2012 | MARY ANN MILBOURN
    BP today corrected a number of inaccurate reports that the ARCO brand would be withdrawn from Southern California. BP remains committed to the ARCO and ampm convenience store brands. BP announced plans to divest its Carson, California refinery and Southern California retail network in February 2011. The company intends to sell the refinery, associated businesses and the ARCO-branded retail network in 2012 as an on-going business. A number of prospective buyers have already expressed interest in the refinery and ARCO brand. There are about 920 ARCO-branded stations in Southern California operated by independent dealers and franchisees. Approximately 130 of these...
  • Dem's try to convince us that drilling for more oil is not the answer to high gas prices

    02/29/2012 7:18:59 AM PST · by Starman417 · 3 replies · 1+ views
    Flopping Aces ^ | 02-29-12 | DrJohn
    Not long ago Barack Obama accused Republicans of playing politics with gas prices: “Only in politics do people root for bad news, do they greet bad news so enthusiastically,” Obama said before a crowd of students. “You pay more and they’re licking their chops. And you can bet since it’s an election year, they’re already dusting off their three-point plans for $2 gas,” Obama said. “I’ll save you the suspense: step one is drill, step two is drill, and then step three is keep drilling. “We heard the same line in 2007 when I was running for president,” Obama said....
  • Obama hits back at Republican criticism of high fuel prices (Obama never accepts any blame)

    02/23/2012 5:36:03 PM PST · by tobyhill · 18 replies
    reuters ^ | 2/23/2012 | Laura MacInnis
    President Barack Obama hit back on Thursday at election-year Republican criticism of his energy policies, offering a staunch defense of his attempts to wean Americans off foreign oil and saying there is no "silver bullet" for high gasoline prices. Obama sought to deflect growing Republican attacks over rising prices at the pump, blaming recent increases on a mix of factors beyond his control, including tensions with Iran, hot demand from China, India and other emerging economies, and Wall Street speculators taking advantage of the uncertainty. U.S. gasoline prices have jumped nearly 9 cents in the past week to an average...
  • Violent Riots Ravage Tottenham After Shooting

    08/06/2011 11:58:51 PM PDT · by expat1000 · 20 replies
    Sky News ^ | Sunday August 07, 2011 | Breaking News
    Petrol bombs were thrown, shops looted and eight officers injured during violent riots in Tottenham following a protest over the fatal shooting of a man by police. A crowd of around 300 set fire to buildings, bins and vehicles, while missiles and petrol bombs were thrown in Tottenham High Road on Saturday night and into Sunday morning. Eight police officers were taken to hospital and at least one suffered head injuries. By the early hours of Sunday, many protesters had moved to nearby Tottenham Hale retail park, where some were spotted looting PC World and JJB Sports. Sky's Simon Newton,...
  • Chart: Why $4-Per-Gallon Gas Is Damn Cheap (Compared to what the rest of the world pays)

    04/05/2011 12:45:37 PM PDT · by SeekAndFind · 63 replies
    Good Environment ^ | 03/21/2011
    Inspired by Cord's thought-provoking post on the per gallon prices of various liquids, and by Sarah Palin's ill-informed Facebook rant on the "$4-Per-Gallon President," I decided to take a closer look at gasoline prices around the world. Mrs. Palin might be interested to learn, that the world already has quite a few $4-Per-Gallon Presidents. In fact, the world already has $6-Per-Gallon Parliaments, $7-Per-Gallon Prime Ministers, and $8-Per-Gallon Presidents! We've collected a broad sample of gas prices from throughout the industrialized Western world in the chart below. Important to note: this chart includes only official data from throughout the European Union...
  • U.S. gas prices are a joke ... in Norway (Gas taxed heavily in Europe)

    03/10/2011 10:40:12 AM PST · by Signalman · 23 replies
    CNNMoney ^ | 3/10/2011 | Aaron Smith
    NEW YORK (CNNMoney) -- Americans often fret about the price of gasoline, which has surged dramatically in recent days, fueled by turmoil in oil-producing nations in the Middle East and North Africa. But the price of gas in America lags far behind its European counterparts. While Americans tear their hair out at the pump, Europeans watch them enviously from across the Atlantic. Most Europeans pay at least double what Americans do. Some of them, including the Greeks and the Scandinavians, shell out even more. In the U.S., the nationwide average for the price of gas was $3.53 per gallon on...
  • Proposed Canadian oilsands pipeline stirs U.S. debate

    02/07/2011 11:01:21 AM PST · by thackney · 21 replies
    Calgary Herald ^ | February 7, 2011 | Sheldon Alberts
    Visits by Canadian prime ministers to the White House rarely generate the kind of American media attention that Ottawa hopes for — too often Canada's message is lost in the dust kicked up by the crisis of the day confronting the president of the United States. The trend for the most part continued on Friday, when Prime Minister Stephen Harper and U.S. President Barack Obama inked a border declaration that could establish a North American security perimeter. As Harper started talking about the importance of the Canada-U.S. relationship, CNN cut away. Egypt dominated. But one side issue on the Harper-Obama...
  • Canada Burnishes Its Position as Arctic Power

    08/31/2010 3:48:21 PM PDT · by WOBBLY BOB · 2 replies · 1+ views
    WSJ ^ | 8-30-10 | PHRED DVORAK
    The Canadian government on Monday announced that it had failed, in a small Arctic expedition it mounted last week, to find the remains of two British ships that disappeared more than 150 years ago seeking the fabled Northwest Passage. The trip had more than historical relevance: It marked the latest move in a bigger geopolitical game—Canada's ambition to burnish its position as an Arctic power. As the globe logs an unusually hot summer, Canada is boosting its presence in the warming and increasingly accessible Arctic. Driven by the promise of rich resources and a desire to control its northern waterways,...
  • Prices rise as New Zealand passes emissions trading scheme

    07/04/2010 8:22:43 PM PDT · by bruinbirdman · 11 replies
    The Telegraph ^ | 7/1/2010 | Paul Chapman
    Petrol and power prices have risen sharply in New Zealand after the government introduced a controversial emissions trading scheme. The government has pressed ahead with plans to slash the nation's carbon output, despite widespread opposition and New Zealand's larger neighbour Australia shelving its own scheme. Motorists were hit by a 3c (1.4p) rise in the price of a litre of petrol overnight, while householders face a 5 per cent increase in gas and electricity prices. It was the first step in a complex scheme, universally referred to as "the ETS", to slash carbon emissions back to 1990 levels. Some disgruntled...
  • Greek fuel supplies run dry as strike over harsh austerity measures bites

    02/20/2010 6:03:44 AM PST · by TigerLikesRooster · 29 replies · 953+ views
    Scotsman ^ | 02/20/10 | MARGARET NEIGHBOUR
    Greek fuel supplies run dry as strike over harsh austerity measures bites Published Date: 20 February 2010 By MARGARET NEIGHBOUR PETROL stations ran dry in Greece yesterday as a customs strike over government austerity measures began to bite. Customs staff initially walked out for three days on Tuesday over salary freezes and cuts in bonuses. But their union announced on Thursday three 48-hour rolling strikes that will keep customs offices shut until next Wednesday, when all workers are being asked to join a general strike. The customs walkout has hampered imports and exports, but the supply of fuel has been...
  • NatWest handed Al Qaeda terrorist 100% mortgage...

    12/19/2009 1:53:57 AM PST · by Cindy · 6 replies · 920+ views
    DAILY ^ | Last updated at 2:42 PM on 16th December 2009 | by Daily Mail Reporter
    <p>"NatWest handed Al Qaeda terrorist 100% mortgage to buy £93,000 home he turned into a bomb factory"</p> <p>SNIPPET: "A bank has sparked outrage by handing over a 100 per cent mortgage to an Al Qaeda terrorist who smuggled himself into Britain.</p>
  • Up to 80 dead in Nigeria oil tanker inferno

    10/10/2009 8:01:56 AM PDT · by csvset · 8 replies · 701+ views
    France24 ^ | October 10, 2009 | Staff
    * Between 70 and 80 people were burned alive when a fuel tanker truck exploded in Nigeria, reportedly after a policeman fired a shot to keep passers-by away from a road accident, newspapers said on Saturday. The truck hit a pothole and overturned on Friday on the road between Onitsha and Enugu in the south of the country, spilling its cargo of petrol, witnesses and police told the papers. Several witnesses said that the truck exploded when a policeman who wanted to distance inquisitive onlookers fired his gun in the air. One witness said that people had been trying to...
  • Chinese companies supply Iran with petrol (breaking sanction?)

    09/24/2009 9:19:34 AM PDT · by TigerLikesRooster · 13 replies · 469+ views
    FT ^ | 09/23/09 | Javier Blas and Carola Hoyos Daniel,Dombey
    Chinese companies supply Iran with petrol By Javier Blas and Carola Hoyos in London and Daniel,Dombey in Washington Published: September 23 2009 03:00 | Last updated: September 23 2009 03:00 Chinese state companies this month began supplying petrol to Iran and now provide up to one-third of its imports in a development that threatens to undermine US-led efforts to shut off the supply of fuel on which its economy depends. The sales come in spite of moves over the past year by international companies, including BP and Reliance of India, to stop selling petrol to Iran, and highlight the difficulties...
  • Chinese companies supply Iran with petrol

    09/22/2009 8:43:46 PM PDT · by nuconvert · 6 replies · 972+ views
    Chinese state companies this month began supplying petrol to Iran and now provide up to a third of its imports in a development that threatens to undermine US-led efforts to shut off the supply of fuel on which its economy depends. The sales come in spite of moves over the past year by international companies, including BP and Reliance of India, to stop selling petrol to Iran, and highlight the difficulties of implementing sanctions aimed at curbing Iran's nuclear ambitions. Traders and bankers familiar with Iran's purchasing said the gap left by the withdrawal of such long-standing suppliers had been...
  • Eight Pakistani Christians burned to death as Muslims torched 50 houses

    08/02/2009 5:22:59 PM PDT · by Cindy · 21 replies · 1,031+ views
    ASSIST NEWS SERVICE ^ | August 1, 2009 | By Dan Wooding and Sheraz Khurram Khan
    Note: The following text is a quote: Saturday, August 1, 2009 Eight Pakistani Christians burned to death as Muslims torched 50 houses -- Local Christians have refused to bury dead until Punjab Chief Minister visits them -- Pakistan Provincial Law Minister blames violence and killings on Police apathy By Dan Wooding and Sheraz Khurram Khan Special to ASSIST News Service GOJRA, PAKISTAN (ANS) -- In a fresh incident of violence by hardline Muslims against Pakistani Christians at least eight Christians have been burned alive and many others injured as a Muslim mob estimated to be over 1500 in number set...
  • Have We Reached the End of the Road for Oil?

    08/10/2008 11:20:37 AM PDT · by kellynla · 38 replies · 115+ views ^ | 8/9/2008 | David Strahan
    Petrol prices are set to fall this autumn, but David Strahan argues that oil is now so scarce that it may never be affordable again With the oil price apparently in full retreat, it is tempting to breathe a sigh of relief. After soaring to an all-time high of more than $147 a barrel in mid-July, the cost of crude has dropped by nearly $30 in the last four weeks. Although the price is still more than 10 times higher than a decade ago, some analysts are now talking of a "tipping point", predicting a continued slide to $90 a...
  • Translations Of Mohamed, Megahed Dialogue Released (Goose Creek case)

    04/18/2008 9:20:18 AM PDT · by STARWISE · 6 replies · 142+ views
    TBO.COM ^ | 4-18-08 | Elaine Silvestrini
    After Youssef Megahed and Ahmed Mohamed were arrested in South Carolina, deputies recorded the men talking to each other in Arabic in the back of a patrol car. Megahed's attorneys want a judge to limit the use of the recording at the men's upcoming trial, arguing that the recording largely is unintelligible. Consequently, they argue, transcripts of translations of the conversations are so limited that any comments that are intelligible are out of context. Megahed and Mohamed were arrested Aug. 4 after deputies found pipe bombs in the trunk of their car, authorities said. The defense has filed different transcripts...
  • Petrol: Army is put on standby (UK - troops to take the wheel of tankers, police to surround depots)

    06/13/2008 11:02:29 AM PDT · by Stoat · 6 replies · 165+ views
    The Evening Standard (U.K.) ^ | June 13, 2008 | Joe Murphy, David Williams and Rashid Razaq
    Petrol: Army is put on standbyJoe Murphy, David Williams and Rashid Razaq, Evening Standard 13.06.08 Fuelling demand: drivers queue for up to 20 minutes for petrol and diesel at a Shell garage in Brompton Road only hours after the tanker drivers' four-day industrial action over pay began   Picket power: striking Shell drivers talk to a trucker from another fuel company at Stanlow oil refinery, Cheshire   A motorist fills a jerry can in west London   Power: tanker drivers on the picket line The army is tonight on stand-by to intervene in the petrol tanker drivers' strike. Troops...
  • Petrol Shortage Fears As Garage Queues Build (UK)

    06/11/2008 3:03:23 PM PDT · by blam · 1 replies · 98+ views
    The Telegraph (UK) ^ | 6-11-2008 | David Millward
    Petrol shortage fears as garage queues build By David Millward, Transport Editor Last Updated: 5:19PM BST 11/06/2008 Concerns over petrol shortages are leading to queues of motorists at the country's forecourts. Lengthening queues at a petrol station in Mersyside. There were reports of lines of cars outside garages on Merseyside and in Stoke. It led to fears that Gordon Brown's plea to motorists not to panic ahead of a four day walk out by Shell's delivery drivers over the weekend could have backfired. His appeal came as drivers were bracing them for even more bad news with the head of...
  • UK: Petrol sales fall 20pc as drivers feel the pinch

    06/10/2008 2:55:04 PM PDT · by knighthawk · 10 replies · 162+ views
    UK Telegraph ^ | June 10 2008 | Ambrose Evans-Pritchard and Robert Winnett
    The IEA, a widely respected body, said that "British motorists are clearly driving less" following a doubling in crude oil prices over the past year. Petrol retailers have disclosed that fuel sales dropped sharply over the past few weeks and the latest figures appear to show that demand for petrol in Britain has slumped by as much as 20 per cent over the past 12 months. According to the IEA, a part of the Organisation for Economic Co-operation and Development, motorists are instead choosing to take public transport as their cars become too expensive to run. Speaking to The Daily...
  • What if gas cost $10 a gallon?

    05/21/2008 12:43:06 PM PDT · by KD5LFH · 288 replies · 208+ views ^ | Shirley Skeel
    In four years, U.S. gas prices have doubled to more than $3.70 a gallon, and crude oil has tripled to around $125 a barrel. Allowing for inflation, that's higher than prices were during the 1978–83 oil shock that triggered a recession and sky-high interest rates. But . . . What if gas cost $10 a gallon? Thousands of truckers would go bankrupt. Airplanes would sit idle in hangars. Restaurants and stores would shut down. Car-pooling, hybrid vehicles, scooters and inline skates would swing into vogue. And telecommuting, rooftop vegetable gardens, home cooking and recycling would proliferate. Editor's note: This is...
  • UK: Petrol hits £5 gallon after Grangemouth strike

    04/28/2008 9:49:23 PM PDT · by bruinbirdman · 8 replies · 68+ views
    The Telegraph ^ | 4/29/2008 | Aislinn Simpson and Auslan Cramb
    The average price of petrol will hit the landmark figure of £5 a gallon today in the wake of the damaging two-day strike at one of the country's biggest oil refineries. Since fears about industrial action at the Grangemouth plant surfaced a week ago, the cost of petrol has increased at double the rate at which it had been rising. Prices now stand at a record high. The price comparison website said last night that the average was hovering just under £5 a gallon - the equivalent of 109.9p a litre - and was "set to hit the record"...
  • Strike closes major British oil pipeline

    04/26/2008 11:29:25 PM PDT · by HAL9000 · 5 replies · 285+ views
    Reuters (excerpt) ^ | April 27, 2008 | Jeremy Lovell
    LONDON (Reuters) - A pipeline carrying nearly half of Britain's oil was closed on Sunday as a strike over pensions began at the neighboring Grangemouth refinery in Scotland, operator BP said. The refinery, owned by international chemical company Ineos, produces a tenth of Britain's petrol and diesel but also supplies vital steam to BP's Kinneil plant that starts to process the crude oil coming ashore from 70 North Sea fields. Unions have rejected pleas to operate the steam plant at the level necessary to keep Kinneil functioning during the two-day stoppage which began at 6 a.m. (1 a.m. EDT)....

    12/11/2007 9:50:10 AM PST · by UKrepublican · 4 replies · 37+ views
    CAMPAIGNERS PLAN FUEL DEPOT PROTEST Fuel protesters are planning a new campaign of action targeting oil refineries and depots across the UK at the weekend. A group called Transaction-2007, an alliance of farmers and hauliers, is spearheading a new wave of protests fuelled by rising petrol prices. Prices on the forecourt passed the £1 mark several weeks ago and appear to be heading higher. Campaigners are planning a peaceful protest on Saturday to highlight the damage the high fuel prices are doing. They warn that if the Government fails to get the message, they will be radically stepping up their...
  • Iran Curses Ahmadinejad Over Petrol Rationing

    06/30/2007 5:32:56 PM PDT · by blam · 26 replies · 670+ views
    The Telegraph (UK) ^ | 7-1-2007 | Colin Freeman
    Iran curses Ahmadinejad over petrol rationing By Colin Freeman in Teheran, Sunday Telegraph Last Updated: 12:15am BST 01/07/2007 The petitions kiosk outside President Mahmoud Ahmadinejad's home in Teheran, set up as a hotline to Iran's self-described "humblest servant", receives all kinds of requests. Petrol stations were torched by youths Yet amid the pleas for help with debts and joblessness, and tussles with Iran's byzantine bureaucracy, there is one letter that the men at the counter particularly remember. "A woman asked if Mr Ahmadinejad could find her a good husband," said one proudly. "It shows how popular he is - you...
  • Iran Votes To Impose Petrol Rationing

    03/10/2007 4:42:41 PM PST · by blam · 24 replies · 866+ views
    The Telegraph (UK) ^ | 3-11-2007 | Gethin Chamberlin - Kay Biouki
    Iran votes to impose petrol rationing By Gethin Chamberlain and Kay Biouki in Teheran, Sunday Telegraph Last Updated: 12:24am GMT 11/03/2007 Iranians are bracing themselves for a fresh round of belt tightening after their government voted to impose petrol rationing coupled with sharp rises in the price of fuel. The rationing system will limit Iranians to 22 gallons (100 litres) of petrol a month, two full tanks for a typical family car. It is a direct result of President Mahmoud Ahmadinejad's adherence to an economic model, based on Iranian self-sufficiency, that has caused housing and other living costs to soar....
  • Fact or Fiction?: Premium Gasoline Delivers Premium Benefits to Your Car

    01/20/2007 2:48:41 AM PST · by neverdem · 105 replies · 3,221+ views
    Scientific American ^ | January 18, 2007 | David Biello
    Exploding the myth that premium gasoline delivers better performance in the average automobile Premium gasoline must be premium for a reason. After all, one of that adjective's definitions is "a high value or a value in excess of that normally or usually expected," according to Merriam-Webster's Collegiate Dictionary. Therefore, premium gasoline must be better, otherwise why would it be called premium? The answer to that question lies in the dynamics of the typical internal combustion engine, the process of refining gasoline from oil, and another definition of "premium"--this one from its noun form: "a sum over and above a regular...
  • Night of fear and fire as US soldiers strike

    11/23/2001 2:53:15 PM PST · by Pokey78 · 70 replies · 581+ views
    The Times (U.K.) ^ | 11/24/2001 | CATHERINE PHILP AND SHAHZADA ZULFIQAR
    IT WAS the first night of Ramadan and Abdullah was fast asleep on the soft desert sand by his fuel tanker when he was woken by a cold gun barrel poking into his neck. “Bandits,” he thought with a flash of fear as a pair of knees pinned his chest to the ground. Blinded by panic, he tried to struggle away before the gun could be fired. But to his surprise, his assailant turned him over roughly and tied his hands behind his back before hauling him off behind a nearby sand dune. Then, in the moonlight, he caught his ...
  • UPDATE 2-Iran to halt gasoline imports, impose rationing ("Adds background")

    06/24/2006 2:11:13 AM PDT · by familyop · 15 replies · 829+ views
    Reuters ^ | 23JUN06 | Christian Oliver
    TEHRAN, June 23 (Reuters) - Iran will halt its massive gasoline imports from Sept. 23 and impose fuel rationing, the oil minister said on Friday -- a political gamble in a country where subsidised fuel is viewed as a national right. Parliamentarians in the world's fourth biggest oil producer approved a budget for the year to March 2007 that cut the amount to be spent on gasoline imports to $2.5 billion from $4 billion. This meant President Mahmoud Ahmadinejad's populist government, which draws its support from the poor, was faced with an unappetising choice of hiking petrol prices or rationing,...
  • This is embarrassing, but I've become a fossil fuel supporter (Article by a Monbiot)

    04/26/2006 10:04:58 AM PDT · by DaveLoneRanger · 6 replies · 660+ views
    The Guardian (UK) ^ | Tuesday April 25, 2006 | George Monbiot
    My timing could scarcely be worse. To announce, in this of all weeks, a Damascene conversion to natural gas is to invite ridicule from every quarter. The price of oil has hit $75 a barrel, and for reasons no energy company has yet been able to explain to me, it takes the gas price with it. Even before this new surge, the wholesale cost of gas had trebled in just three years. This winter, we nearly had to do without it altogether. First Russia's state-controlled producer Gazprom cut the supplies to Europe to show Ukraine where real power still lay;...
  • Oil hits record $74 on Iran, US gasoline stocks

    04/19/2006 2:59:50 PM PDT · by M. Espinola · 68 replies · 1,330+ views
    (Reuters) ^ | 4-19-06
    LONDON - Oil hit a record $74 a barrel Wednesday on fears Iran's intensifying dispute with the West may hit oil supplies and after U.S. gasoline stocks dropped. London's Brent crude settled $1.22 higher at $73.73 a barrel after peaking at a record $74. U.S. gasoline stocks slumped more than 5 million barrels last week, government data released Wednesday showed. It was a larger fall than analysts polled by Reuters expected, and supplies are now nearly 5 percent below last year's level. "The EIA (inventory) data are bullish in light of expectations," said Kyle Cooper, analyst at IAF Advisors in...
  • Gas may reach NOK 15 per liter (Norway)

    04/19/2006 9:22:53 AM PDT · by franksolich · 9 replies · 414+ views
    Aftenposten ^ | April 19, 2006 | ttr. Jonathan Tisdall
    Rocketing oil prices may benefit the Norwegian economy, but combined with environmentally minded taxes, the result is painful for Norwegian motorists.Norway can earn NOK 50 billion (USD 7.8 billion) more than budgeted for 2006, but experts fear that prices at the domestic gas pump can rise to NOK 15 per liter (USD 8.84 per gallon), newspaper Dagsavisen reports.On Monday and Tuesday the price of oil soared over the USD 70 per barrel mark, which can mean approximately NOK 50 billion more in income than anticipated by the national budget, if the price level lasts out the year."There is one person...

    03/30/2006 5:10:07 AM PST · by M. Espinola · 16 replies · 2,030+ views
    AKI ^ | March 29th, 2006
    Saudi security forces have thwarted a terrorist attack on Saudi Arabia's largest oil refinery Abqaiq, the second in two months, according to media reports. The Kuwaiti news agency KUNA and the Iraqi Radio Nawa report that police discovered two car bombs in the area. Local daily al-Riyadh reports that Saudi police on Tuesday carried out house searches in the al-Mantar area of Abqaib, where some employees of Saudi oil giant Aramco live, arms and explosive were discovered in one of the homes and one man was arrested. Reports say that the vehicles to be used in the attack bore the...
  • Oil prices rise in Asian trade on Nigeria concerns

    03/26/2006 9:06:54 PM PST · by M. Espinola · 11 replies · 395+ views
    Forbes ^ | March 27th, 2006 | (AFX)
    Oil prices rose in late morning trade here on further worries about potential supply disruption in Nigeria, Africa's largest producer of crude oil, dealers said. At 10:52 am (0252 GMT) New York's main contract, light sweet crude for delivery in May, was at 64.38 usd a barrel compared with 64.26 usd in late trade Friday in the United States. 'The market is showing signs of really extending gains from last week. The focus is on the supply disruption, primarily out of Nigeria,' said Victor Shum, an analyst with Purvin and Gertz. A bomb attack on a pipeline owned by Italian...
  • Muslim Intolerance: One Newspaper, One Nation, One Religion, One World

    02/07/2006 5:35:21 PM PST · by forty_years · 9 replies · 778+ views ^ | February 7, 2006 | Andrew L. Jaffee
    Some of my leftist friends have one thing in common with the Muslims now sacking foreign embassies: a fundamental lack of understanding as to how democracy works, and how precious it is. The leftists have grown up knowing nothing but freedom and opulence, and take things like the Bill of Rights, Federalist Papers, and Constitution for granted (if they have even read these hallowed documents). The Muslim radicals (Islamists) are throwing lit jugs full of gasoline at Danish embassies because they have known nothing except Big Brother (One Newspaper, One Nation, One Religion, One World), and do not even know...
  • Petrol Prices 'To Rise Steeply Until Spring' (UK)

    01/20/2006 5:48:22 PM PST · by blam · 3 replies · 319+ views
    The Telegraph (UK) ^ | 1-21-2006 | David Derbyshire
    Petrol prices 'to rise steeply until spring' By David Derbyshire, Consumer Affairs Editor (Filed: 21/01/2006) Motorists should be braced for yet more steep rises in the price of petrol over the coming months, the AA Motoring Trust warned yesterday. The cost of a litre of unleaded was likely to rise above 90p within weeks and could well shoot up further, a spokesman said. The warning came as the trust published a report into the spiralling cost of fuel. Petrol and diesel prices started the New Year about 10p per litre higher than in January 2005, it said. With the average...
  • Speculation surrounds oil peak

    11/25/2005 7:52:35 PM PST · by M. Espinola · 12 replies · 3,041+ views
    Thanksgiving marked the day that some analysts thought global oil production would have reached its peak, ushering in a new era of fuel shortages. These petro-pessimists were using the same formula as the one that accurately predicted the apex of U.S. oil production in 1970. Matthew Simmons, author of "Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy," is one of them. He thinks Saudi Arabia has pumped much of its usable reserves and will start to experience production declines. Even analysts who are more optimistic warn that chronically high prices and occasional supply crunches...
  • Poll: How Much Is Too Much for Gasoline?

    10/19/2005 12:56:26 AM PDT · by M. Espinola · 48 replies · 1,377+ views
    (AP Online via COMTEX) ^ | Oct 17th, 2005 | Will Lester (AP)
    Many motorists these days are complaining about the cost of gasoline, but what people consider a fair price varies greatly, depending on where they live. Americans angrily grit their teeth as they pump $3-per-gallon gas. They think $2 is about right. In Britain, $3 sounds fanciful - people there pay about $6.40 a gallon and think $5 would be fair. AP-Ipsos polling in the United States and eight of its allies turned up wide disparities in people's thoughts on the cost of filling up. Spaniards would like to see gasoline for just over $3 a gallon. People in France,...
  • Cars may now run on pure coconut oil

    10/07/2005 6:46:57 AM PDT · by CarrotAndStick · 84 replies · 2,853+ views
    Rediff ^ | October 07, 2005 1825 hrs IST | Rediff
    It might sound nuts, but two engineering students in New Zealand claim that coconut oil can be used as an alternative to diesel, providing a possible answer to rising fuel cost woes. Samoan Dominic Schwalger and Penaia Rogoiumari from Fiji, both students at Auckland University in northern New Zealand, demonstrated on Friday how a diesel engine can run on a blend of diesel and coconut oil, or on pure coconut oil alone. "What we have shown is that without any modification to either the pure oil or the engine you can use it as an alternative fuel,'' they said in...
  • Oil prices drop under $64 on demand concern

    10/04/2005 1:32:49 PM PDT · by M. Espinola · 8 replies · 609+ views
    NEW YORK: Oil prices fell Tuesday for the third straight session amid signs of weakening demand and the prospect President George W. Bush's administration will tap the nation's heating oil emergency reserve. U.S. oil consumption has weakened significantly in recent weeks amid high pump prices produced in the wake of Hurricane Katrina in late August, with many drivers switching to mass transit among taking other measures. "The demand losses that have happened vastly exceed the seasonal decline," said Kyle Cooper, an analyst with Citigroup in Houston. At the New York Mercantile Exchange, crude for November ended $1.57 lower at $63.90...
  • Poland will help Ukraine with petrol

    05/25/2005 10:49:08 AM PDT · by lizol · 3 replies · 239+ views
    forUm ^ | 25 May 2005
    Poland will help Ukraine with petrol Poland promised to deliver 50 thousand tons of petrol to Ukraine in the near future. Beginning from May 22 50 thousand of the cheapest A-95 petrol will be delivered to our country. The minister of transport and communication of Ukraine, Evgeny Chervonenko, declared about it after the first meeting of 89th session of European Conference Ministers Council. "Poland makes a friendly help to overcome the petrol crisis in Ukraine," said the minister. Chernonenko also admitted that delivery will be realized by railway.
  • Oil at 3-Month Low, Off $8 in 7 Sessions

    12/08/2004 2:48:30 AM PST · by RWR8189 · 8 replies · 701+ views
    Reuters ^ | December 8, 2004
    LONDON (Reuters) - Oil prices hit a new three-month low on Wednesday as mild winter weather in the United States and expectations of a rise in heating fuel stocks kept downward pressure on the market. U.S. light crude (CLc1: Quote, Profile, Research) fell to $41.37, the lowest level since Aug. 30 and by 4:45 a.m. EST was trading off 3 cents on the day at $41.43. Prices have fallen more than $8 a barrel, 17 percent, in seven trading sessions since last Monday. London's Brent crude (LCOc1: Quote, Profile, Research) eased 5 cents to $38.22 a barrel. U.S. data out...
  • 4 Explosions Reported in Madrid

    12/03/2004 9:57:21 AM PST · by AndyStevenson · 97 replies · 8,198+ views
    The Cable news networks are reporting 4 explosions that just happened in Madrid, after apparent Basque threats this morning
  • Madrid Attacked...All reporting...none confirming

    12/03/2004 10:02:48 AM PST · by CJR812 · 91 replies · 5,674+ views
    This looks like a merger of ETA and Al Qaeda to me