It's the best of both worlds for OPEC as cheap oil prices increase demand while high-cost rival oil producers are forced to close down wells according to an OPEC study released Oct. 12. And it was all planned.
The China Railway International Group, working with the Chinese Export-Import Bank, responded to the California High-Speed Rail Authority's "expressions of interest." They teamed up with China Development Bank to beat out the Japanese in Indonesia.
Environmentalists could have saved themselves a lot of demonstrating had they known that Shell Oil would pack up their drilling rigs after only six weeks of exploratory drilling in the Chukchi Sea off Alaska. Insufficient oil and other reasons cited.
A new report from TRIP has been released showing which regions have the worst maintained roads. United States drivers on average pay an annual 'hidden pothole tax' of $515, double that in Los Angeles and the Bay Area. Highway funding expires July 31.
An IMF working paper determined that global energy subsidies totaled $5.3 trillion this year, the worst offenders are China and the U.S. Placing a price on these subsidies, which include air pollution and carbon emissions, may be key to mitigation.
Mexico's planned high-speed rail project looked like tit was full speed ahead until the country rescinded the original construction contract, awarded to the China Railway Construction Corp. A new round of bids is expected soon.
Many were surprised when the Indiana Toll Road's operator declared bankruptcy on September 22. Just as surprising may be all the interest by global investors in bidding to replace the bankrupt Australian-Spanish consortium as the new operator.
Construction began July 16 on the Petra Nova project, 27 miles from Houston. President Obama and many climate experts are banking on CCS to mitigate carbon emissions from the world's largest source of carbon emissions: coal burning power plants.