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Tag: fuel

Venezuela crisis: Maduro to curb fuel subsidies

Venezuela crisis: Maduro to curb fuel subsidies

World
Venezuela's president has said its subsidised fuel prices should rise, to stop smugglers cheating the country out of billions of dollars. "Gasoline must be sold at an international price to stop smuggling to Colombia and the Caribbean," Nicolás Maduro said in a televised address.Like many oil producing nations, Venezuela offers its citizens heavily subsidised petrol.A fuel price rise in 1989 caused deadly riots in the capital, Caracas.What's behind the move?Venezuela's economy is in freefall, with the International Monetary Fund predicting inflation rates will reach a million percent this year - but the price of fuel has barely changed. The price of a litre of petrol in Venezuela currently stands at 1 bolivar. On the black...
Israel: Falcon dead in arson attack, fuel cargo restricted

Israel: Falcon dead in arson attack, fuel cargo restricted

World
July 17 (UPI) -- Israeli officials have placed new restrictions on fuel deliveries across the Gaza Strip after new arson attacks, including one that involved a dead falcon. Israel Defense Minister Avigdor Lieberman said the suspension of fuel cargo was due to "continued terror attempts" by Hamas. The Gaza border region was hit by rocket fire over the weekend after months of incendiary attacks, prompting Israeli Prime Minister Benjamin Netanyahu to warn Monday of a "prolonged struggle". The arson attacks have caused hundreds of fires in southern Israel since April and Israeli officials say the practice of setting kites and balloons aflame across the Gaza border started out on a small scale, but was adopted and encouraged by Hamas, an opponent to Israel. Although food and medicine deliveri...
Truckers' strike leads to fuel shortages in Brazil

Truckers' strike leads to fuel shortages in Brazil

World
A strike by Brazilian truckers backed up exports and caused fuel shortages Thursday as the government tried to end the work stoppage before it caused more damage to Latin America's largest economy. Brazil's economy runs largely on road transport and the four-day-old strike to protest rising diesel prices was beginning to have serious consequences, with highway police reporting blocked roads in nearly all of Brazil's states. The airport in the capital of Brasilia was only allowing planes to land that were carrying enough fuel to take off again. The stop-gap measure hadn't resulted in any flight cancelations, but it was unclear how long it could continue before companies would have to ground planes. The civil aviation authority and airport authorities said they were monitoring fuel supplie...
Energy riches fuel bitcoin craze for speculation-shy Iceland

Energy riches fuel bitcoin craze for speculation-shy Iceland

Technology
Iceland is expected to use more energy "mining" bitcoins and other virtual currencies this year than it uses to power its homes. With massive amounts of electricity needed to run the computers that create bitcoins, large virtual currency companies have established a base in the North Atlantic island nation blessed with an abundance of renewable energy. The new industry's relatively sudden growth prompted lawmaker Smari McCarthy of Iceland's Pirate Party to suggest taxing the profits of bitcoin mines. The initiative is likely to be well received by Icelanders, who are skeptical of speculative financial ventures after the country's catastrophic 2008 banking crash. "Under normal circumstances, companies that are creating value in Iceland pay a certain amount of tax to the government," McCart...
Pollution particles fuel large storms, research shows

Pollution particles fuel large storms, research shows

Science
Jan. 26 (UPI) -- New research suggests scientists have underestimated the importance of particulate matter as a driver of storm size and intensity.Scientists have previously proven that aerosols, particles suspended in the atmosphere, can influence weather and climate. With their latest study -- published this week in the journal Science -- researchers with the Department of Energy's Pacific Northwest National Laboratory showed the smallest particles can encourage the formation and increase the intensity of storms."We showed that the presence of these particles is one reason why some storms become so strong and produce so much rain," PNNL researcher Jiwen Fan, lead author of the new study, said in a news release. "In a warm and humid area where atmospheric conditions are otherwise very cle...