BERLIN, Nov. 2 (UPI) -- Europe’s electricity grids are old and often not capable to provide trans-border, much less trans-continent energy security. Yet one German energy expert has come up with a visionary scenario that would overhaul the grids, increase energy security and at the same time help avoid climate change.
The Shanghai Cooperation Organization is holding a four-day meeting in Tashkent, Uzbekistan, starting Friday. While the summit will doubtless end with the usual flurry of statements emphasizing peace and prosperity for member states, the gathering will be most notable for what is absent from the declarations, a vision of what the grouping actually entails, particularly as regards energy exports.
As Russia and China quietly maneuver for control of the Caspian region's vast energy reserves, both are looking ahead to a post-hydrocarbon world and beginning to cooperate on nuclear power.
New deepwater oil wells expected to go online this year in Angola are expected to spark a 24 percent growth rate, the International Monetary Fund has forecast.
WASHINGTON, Oct. 31 (UPI) -- The U.S. State Department says an oil law implemented under Saddam Hussein is good enough for Iraq’s national government to sign oil deals, though it would prefer a new national law -- mired in controversy and far from approved -- to be used instead.
Sean Combs arrives on the red carpet before the screening of the film "Killing Them Softly" during the 65th annual Cannes International Film Festival in Cannes, France on May 22, 2012. UPI/David Silpa
