From Israel, there is good news and bad news. The good news - and it is huge - is that Israel will soon be awash in natural gas. Gas discovered on the country's outer continental shelf will turn the country from being hydrocarbon-deprived to being a net exporter. Indeed, Israel is set to become so rich that it is laying the groundwork ...

According to a loosely-organized apocalyptic Christian movement, May 21, 2011 will be the "end of days."  On or about that same date, the price of oil in the United States will begin to climb to $4 a gallon, according to two savants of the oil industry. The former is highly unlikely but the latter is very probable. The escalation in the price ...

INCIDENT: Towards the end of last year, the European Commission presented its new energy strategy for the next decade, calling for investment of €1 trillion in the EU's energy network, among a series of other measures. Leading Eurocrats hope that an EU energy summit scheduled for next month in Budapest will endorse the proposals and give them some political traction. SIGNIFICANCE: ...