Coal 2023: analysis and forecast to 2026
Latest IEA market report sees lower demand to 2026, based on current policies, but stronger actions are needed to drive a steeper decline towards meeting international climate goals. After reaching an
Fuel Pricing
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High oil prices could slow down economic growth, says Rangarajan
Rising global crude oil prices could slow down the country's economic growth in 2008-09 to between 8-8.5 per cent, the Chairman of the Prime Minister's Economic Advisory Council, Dr C. Rangarajan, has said. This estimate is lower than the 8.5 per cent growth projected for 2008-09 by the Advisory Council in January this year.
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Krugman: The so-called oil bubble
The so-called oil bubble 'The Oil Bubble: Set to Burst?" That was the headline of an October 2004 article in National Review, which argued that oil prices, then $50 a barrel, would soon collapse. Ten months later, oil was selling for $70 a barrel. "It's a huge bubble," declared Steve Forbes, the publisher, who warned that the coming crash in oil prices would make the popping of the technology bubble "look like a picnic."
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Greenest of The Green
CLEAN CAR WARS HOW HONDA AND TOYOTA ARE WINNING THE BATTLE OF THE ECO-FRIENDLY AUTOS BY YOZO HASEGAWA, TRANSLATED BY ANTHONY KIMM WILEY, PAGES: 200; PRICE: $24.95
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Check population to check inflation
Managing Inflation has become a bugbear for everyone in this country. The galloping inflation has made the life of ordinary citizen miserable in as much as it has become very difficult to make both ends meet. Prices of foodgrains, oil, milk, vegetables and other essential commodities which constitute an average of more than 50% of the family budget have hit the roof. The situation has become alarming. The main reasons are the fall in agriculture production in the country and all over the world.
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A Green Revolution for Africa
THE Chichewa people in Malawi have a saying: Njala ndi chilombo. It means "Hunger is a beast". Today, the beast is rampaging around the world and particularly Africa, where shortage of food threatens to undo recent economic and political gains. Climate change is partly to blame. But there is another less well recognised cause: long-term neglect has left African agriculture in a woefully inadequate state.
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Fuel prices hit US drivers where it hurts
High gasoline prices could lead to a dramatic saving in US greenhouse-gas emissions. That's the conclusion of economists in the US, who suggest high fuel prices are turning consumers off SUVs and onto smaller, more fuel-efficient vehicles. What's more, car owners are predicted to cut back on driving in order to save money. Together, these changes in consumer behaviour could make an important dent in the US contribution to global warming, reducing annual carbon dioxide emissions by tens of millions of tonnes per year.
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Carmakers turn to free petrol
Deals reflect intensifying competition in the US car market. As the credit crunch intensifies, carmakers are turning to an unusual way of moving vehicles off dealership lots: offering to throw in the petrol. In the UK, Fiat offers a payment-free period of nine months plus
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Oil Giants to Settle Water Suit
Some of the nation's largest oil companies have agreed to pay about $423 million in cash to settle a lawsuit brought by more than a hundred public water providers, claiming water contamination from a popular gasoline additive. Gas Prices Expected to Peak in June (May 7, 2008) The terms of the settlement were submitted for approval in the federal court for the Southern District of New York. Under the terms of the deal, the companies also agreed to pay 70 percent of the future cleanup costs over the next 30 years.
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Oil price rise fails to land low-cost airlines
No-frill carriers begin aggressive marketing to attract passengers despite skyrocketing jet fuel prices that have affected the financial health of the aviation industry. Though full-service carriers have already decided to hike base fare by 10 per cent and also raised fuel surcharge, some major lowcost airlines have begun promotions to attract the summer rush. GoAir recently introduced return zero fare tickets under
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US adds oil to food fire
After US President George W. Bush's remarks linking Indians' food habits to rising prices of commodities globally, the US is now faulting India and China for the surge in oil prices to record levels. The White House also sought to calm the frayed nerves in India to Mr Bush's remarks that the rising prosperity of it's large middleclass is contributing to rising foods prices around the world saying the US saw "higher living standards" of people there as a "good thing".