In The News

Brazil “to Write Off' African Debt

June 13, 2013
Amid expansion of economic ties with Africa, Brazil will restructure almost $900 million worth of debt with 12 African countries: oil- and gas-rich Congo-Brazzaville, Tanzania and Zambia as well as Ivory Coast, Gabon, Guinea, Guinea Bissau, Mauritania, Democratic Republic of Congo, Sao Tome and Principe, Senegal and Sudan. The South American giant has also opened 19 new embassies in Africa in the...

Oklahoma Earthquake Linked to Oil Extraction Wastewater

Jason Palmer April 1, 2013
Injecting millions of liters of water and chemicals into the ground for drilling oil and gas has been linked to seismic events, including a 5.7 earthquake in Oklahoma in 2011. A study in the journal Geology suggests that related seismic activity can occur years after wastewater injections begin. “The new study adds to an increasing body of evidence that the injection of wastewater is correlated...

Fossil-Fuel Subsidies Help Asia Roar

Will Hickey March 15, 2013
Governments have long provided subsidies, direct and indirect, on fuels for both consumers and producers. Providing subsidies on fossil fuels is costly in terms of public health and climate change. In 2009, G20 leaders agreed that subsidies should be curtailed, but Asian countries continue to fund them to support economic growth. Subsidies for consumers lead to waste, traffic and pollution. Less...

China-Myanmar Pipeline to Open in May

Jamil Anderlini, Gwen Robinson January 28, 2013
A gas pipeline extending from the Indian Ocean through Myanmar to Southwest China is scheduled to begin pumping before summer. “At present, about 80 per cent of China’s crude oil imports are transported through the strategically important Strait of Malacca, but the new oil pipeline is expected to reduce China’s reliance on that route by about one-third,” report Jamil Anderlini and Gwen Robinson...

East Asia: Stop Squabbling, Start Drilling

Will Hickey December 14, 2012
Large oilfields often don’t fall neatly within national boundaries. Intent on securing underground or undersea reserves, nations contest territorial claims. China battles Japan for the Diaoyu/Senkakku Islands and ASEAN members for large sections of the South China Sea. Settling disputes quickly is in the interest of all claimants, particularly those with less technological expertise, suggests...

Syrian Conflict Promises Toxic Outcome – Part II

Dilip Hiro June 28, 2012
Underlying unrest and conflict in Syria and elsewhere in the Middle East is sectarian divide. In Syria, Alawites, a Shia sub-sect, rule over a population that’s 70 percent Sunni. Sunni-run Qatar and Saudi Arabia supply weapons to Syrian rebels, mostly Sunni, even while hoping to keep their own sizable Shia populations at bay. War in Syria poses regional dangers, and in the second article of a two...

Time to End Fuel Subsidies?

Will Hickey June 7, 2012
Subsidies distort markets and discourage development of substitutes. Subsidies for fuel are especially problematic, because energy is a backbone of any economy. In terms of energy production and consumption, the world is an uneven playing field in terms of reserves, taxes, regulations, public versus private ownership and income availability. An abrupt end to fuel subsidies would crush the poorest...