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JAPAN: The world's top energy consumers must act quickly to control soaring oil prices before they trigger a global recession, Japan's energy chief urged colleagues from leading industrialized countries Sunday.
On the heels of G-Unit's forthcoming studio album Terminate On Site, the Unit's Lloyd Banks and Tony Yayo spoke with SOHH about Sean Bell, their tribute song "Straight Outta Southside" and Visit SOHH.com for the complete story.
LG Electronics, a leader in Air Conditioners and his sole distributor in Saudi Arabia H.G. Ibrahim Shaker Co. Ltd announced the inauguration of Air Conditioning joint venture factory named LG-Shaker Co. Ltd. in Riyadh.
Faced with record-high oil prices, the world's leading economies and oil consumers Sunday pledged greater investment in energy efficiency and green technologies to control their spiraling thirst for petroleum.
Aomori (Japan), June 8 : Addressing G-8 countries at Aomori in northern Japan today, Japanese Trade and Energy Minister Akira Amari warned of a global recession if they do not act quickly to control soaring oil prices.
It was just before dawn on May 26, 1908, and G. B. Reynolds was drilling one more hole in a final attempt to find oil in Iran before his superiors ended what had been an expensive and fruitless project. However, the veteran prospector Reynolds, chief engineer for Concessions Syndicate Ltd, struck a gusher at 360 meters at Masjed Soleyman.
Leading industrialized countries and energy consumers from around the world promise to battle rising oil prices through better efficiency and more investment in technology.
Energy chiefs from the world's industrial powers huddled for talks on soaring oil prices Sunday amid deep doubts that their actions can quell markets or stave off damage to their economies anytime soon.