The BBC reports that Dubai is to build towers that rotate continuously, so they will “never look the same, not even in a lifetime”. The towers consist of 80 floors, and each floor is a seperate apartment. Obviously, this will only be the playground of the rich and famous (expected price tag: $3.7 million - […]
Tag Archive for 'mideast'
This might shake some people’s perspective about how much the US depends on oil from the Middle East. Official figures from the Energy Information Administration, released in November 2007, reveal that Canada was responsible for the largest chunk of US oil imports.
Canada remained the largest exporter of total petroleum in November, exporting 2.428 million barrels […]
An interesting article at EcoGeek via EurekaAlert points out that despite some nasty consequences, damming the Red Sea could theoretically play a massive role in cutting carbon emissions. According to a recent study, a hydroelectric plant of this size could produce as much as 50 gigawatts of power, whereas the largest US nuclear plants in […]
Update: Oil prices, Turkey/Iraq
19Oct07After peaking as high as $90.07, US light sweet crude oil prices fell slightly to $88.37 today, although analysts suspect that the trend may be temporary. One of the major reasons behind the surge is the weak dollar [and weak US economic figures], the other being the geopolitical tension between Iraq and Turkey.
Last week we […]
Oil surges to record $84
13Oct07The price of oil has surged to a record $84 this weekend for the first time.
This follows a year after Bill Gamell, chief executive of Cairn Energy, predicted that the oil price might pass $100:
I think we might see $100 oil in the next five years
To further complicate the matter, Iraq (the […]
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