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April 29th, 2006:

IrelandOn-Line: Shell refinery blamed for 'aluminium water pollution'

Shell refinery blamed for 'aluminium water pollution'28/04/2006 – 15:58:31

The local water supply in North Mayo is being polluted by aluminium run-offs from a Shell gas refinery, it was claimed today.

Around 100,000 tonnes of peat had been removed to create a site for the Corrib gas field in Bellanaboy and activists claimed it has led to the exposure of aluminium deposits.

'Shell to Sea' spokesman John Monaghan said the aluminium was running into the local river and on to Carrowmore Lake, which is the main source of water for the Erris region. read more

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THE WALL STREET JOURNAL: 'Wake-Up Call': Gas-Price Uproar Is Likely To Shift U.S. Energy Policy

'Wake-Up Call'
Gas-Price Uproar Is Likely
To Shift U.S. Energy Policy

Anxious Congress WeighsTougher Fuel Standards,Ethanol and Hybrid Cars Little Short-Term Impact Seen By JOHN J. FIALKA and LAURA MECKLER in Washington, and STEVE LEVINE in Dallas Staff Reporters of THE WALL STREET JOURNALApril 29, 2006; Page A1

The surging price of oil and gasoline has sparked a wave of jockeying in Washington that could presage the biggest change in federal energy policy since the 1970s.

Suddenly, ideas that have languished on various wish lists for years have a realistic chance of becoming policy, as motorists in many parts of the country face $3-a-gallon gasoline even before the summer driving season starts. Among those getting serious consideration for cutting gasoline costs and reducing foreign-oil dependence: higher fuel-economy standards for cars, new incentives to shift cars away from gasoline, a crackdown on energy-price manipulation and inducements to encourage more refining. read more

This website and sisters,,,, and, are owned by John Donovan. There is also a Wikipedia segment.

The Guardian: From traders to tankers: who makes a mint out of $70-barrel oil

From traders to tankers: who makes a mint out of $70-barrel oil

This week petrol prices broke new records in Britain and the US, creating political fallout for President Bush and pushing UK fuel towards £1 a litre. But who is getting rich? We offer a dollar-by-dollar guide to a $2.4trillion global oil industry

Saturday April 29, 2006
The Guardian

Oil production Oil companies Companies such as make the bulk of their money from the “upstream” business: the exploration and production of oil. BP reported earlier this week that it had earned $6.8bn upstream out of a total profit of $8.5bn in the three months to March 31. Saudi Arabia is the biggest oil exporter in the world and rising oil prices have swollen government coffers. Exploiting oil is relatively cheap in Saudi – less than $3 for a $70 per barrel price, and it's all controlled by the state. Last year the country made $133.5bn out of oil and spent $74.8bn on things like education ($18.7bn) and health ($7.2bn), according to figures from the Centre for Global Energy Studies. It also spent on defence: $38.5bn, some of which goes to Britain to pay for BAE systems jets. Some of the $57.1bn surplus in 2005 went to pay off the enormous Gulf War One debt Saudi ran up. The rest? US Treasury bonds and other capital markets including shares of UK stock-listed companies. The princes take personal commissions on big trade deals and their money – estimated in total at $1trillion – is invested in all sorts of assets including London property. Dubai, like other members of the UAE, has put its money into becoming a centre of finance, trade and tourism. Dubai Ports World recently bought one of Britain's best-known companies, P&O. Nigeria has become the first African nation to pay off its outstanding debts using oil revenues: it paid $4.5bn to Paris Club creditors last week. In Nigeria, private oil companies such as Shell pay for the cost of finding oil and then pay a royalty tax to the government. Venezuela is using its newfound wealth in quite different ways. Hugo Chavez, the left-wing president of Venezuela, is promoting a massive new social reform programme. He is also selling oil at knock-down rates to Latin American neighbours in a bid to separate them from Washington's political orbit.$5.9 billion, Value of oil produced globally in a day

Massive demand for oil around the world has helped fuel the biggest shipping boom in history. Noone has yet secured the recognition of the former maritime magnates such as Onassis and Niarchos but Greeks – and Norwegians – still control the bulk of the world's tankers. The new figures of Greek shipping are men such as Loucas Haji-Iaonnou (father of easyJet founder Stelios), plus the Angelicoussis and Livanos families. Norwegian shipowner John Fredriksen is probably the nearest thing nowadays to Aristotle Onassis but he favours a low profile and is not someone who likes to be seen at society gatherings. Fredriksen has been spending some of his millions in Britain – he did once own London's most expensive property in Chelsea. Shipowners like the usual millionaire baubles such as fast cars, yachts and Impressionist paintings.But many love shipping and historically pile much of their money into even more vessels, fuelling over-capacity and bringing boom cycles to the inevitable bust. Overordering is happening right now. Owners – including and the other oil companies – can make $6m on one cargo carried on a typical longhaul journey from Saudi Arabia to the US east coast. The price of vessels has shot up due to heavy demand and it can cost up to $140m now to build a new one. A typical supertanker can carry 2m barrels of oil and at $70 per barrel this means a ship is moving a cargo worth $140m. Big insurance premiums have to be paid to cover the ships and cargos meaning large revenues for Lloyd's of London.
$84 million, Daily cost of oil transportation read more

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THE NEW YORK TIMES: Many Friends Help Open New Orleans Fest

Many Friends Help Open New Orleans Fest


Published: April 29, 2006

NEW ORLEANS, April 28 — Of course Bob Dylan had the appropriate songs when he headlined the first day of the 37th New Orleans Jazz and Heritage Festival, a celebration of New Orleans culture where Hurricane Katrina was on everyone's mind.

Skip to next paragraph Ozier Muhammad/The New York Times

Henry and Katie Alpert, a newlywed couple, dance during Bob Dylan's set at the festival.

Readers’ Opinions

Forum: Popular Music


As Li'l Walter Cook and the Creole Wild West perform onstage at Jazzfest, a band member, Vincent Carter, takes the show into the crowd. read more

This website and sisters,,,, and, are owned by John Donovan. There is also a Wikipedia segment.