Europe struggles for climate lead
UN climate talks have opened in Germany, with the EU struggling to keep its position of a global leader. Small developing countries that linked up with the EU in a new coalition last year...
Category: Oil
China bangs the war drum over South China Sea
(CCTV produced the video below) War talk, it seems, is all the rage in China at the minute. Yes, there are serious people in serious publications seriously advocating war. You might have missed it...
Banks prepare for the return of the drachma
(Reuters) – Banks are quietly readying themselves to start trading a new Greek currency. Some banks never erased the drachma from their systems afterGreece adopted the euro more than a decade ago and would be...
Senator Blunt Says New Rules on Labor Data Risk Market Turmoil
The Department of Labor’s move to restrict how journalists transmit market-sensitive economic data risks disrupting financial markets, Senator Roy Blunt said. In a letter to Secretary of Labor Hilda Solis, Blunt, a Missouri Republican, objected to...
China buying oil from Iran with yuan
China is buying crude oil from Iran using its currency the yuan, an Iranian diplomat has said. Oil transactions are usually settled in dollars but US sanctions make it difficult for Iran to accept...
Occupy Wall Street Plans Global Disruption: May 1
Occupy Wall Street demonstrators, whose anti-greed message spread worldwide during an eight-week encampment in Lower Manhattan last year, plan marches across the globe tomorrow calling attention to what they say are abuses of power and wealth....
EPA official apologizes for call to ‘crucify’ oil companies
(multimedia) A top EPA official has apologized for comparing his agency’s enforcement strategy to Roman crucifixion — as Republican Sen. James Inhofe launched an investigation and told Fox News the comments are part of...
Tension Between China and Phillipines Framed By War Exercise
(multimedia) Could war games lead to real war in the South China Sea? The U.S. and Philippines are engaged in annual war game exercises. But with a real conflict brewing for two weeks now between...
“If I wanted America to fail”
(multimedia) Inspired by Paul Harvey’s classic essay, “If I were the devil” The environmental agenda has been infected by extremism—it’s become an economic suicide pact. And we’re here to challenge it. On Earth Day,...
Philippines, U.S. stage war games in face of China warning
(Reuters) – U.S. and Philippine commandos waded ashore on Wednesday in a mock assault to retake a small island in energy-rich waters disputed withChina, part of a drill involving thousands of troops Beijing had...
