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Sinopec, the world’s fifth biggest company by revenue, is sitting on top of 107 billion cubic meters of proven gas reserves in southwest China, according to Rigzone. Unfortunately, production efforts have been thwarted by a lack of technological infrastructure capable of extracting gas from China’s complex shale formation. To the winner who can develop this […]
In an unprecedented move, Australia has repealed a tax levied on industrial carbon dioxide emissions. The country’s largest mining company, BHP Billiton Ltd., welcomes the removal of a carbon tax which was triple the rate of Europe’s, reports Bloomberg. Analysts expect the decision to shake up the competitive balance of energy markets.
Here’s a fun fact: Although we all hate the U.S. dollar, as it continues to hemorrhage wealth, its foothold as the world’s reserve currency isn’t going to disappear overnight. A Russian gas deal with China won’t change that — as we’ll highlight below. But before we get to the nitty-gritty, let’s dive into a story […]