Biofuels: more heat than light? – ISN

PORT MORESBY — The term ‘Biofuels’ might sound like a catchy green buzzword, but these alternatives to petroleum-based fuels have been around for a long time. The original Ford Model T was configured to run on ethanol rather than gasoline, and Rudolf Diesel ran his first demo engine on peanut oil. Biofuels were revived –  temporarily at least – by the 1970s oil embargo imposed by OPEC, as oil shortages and high fuel prices contributed to western economic stagnation. At the time, alternative energy sources were looked at, but subsequent economic revival and lower oil prices from the 1980s onward put these biofuels on the back burner Biofuels re-emerged in the late 1990s as the US mulled how to diversify its energy sources away from reliance on foreign oil imported from unstable or hostile states such as Venezuela, Saudi Arabia and Nigeria

US economic woes a danger to Ireland’s Celtic Tiger economy – The Washington Times

DUBLIN — Before his recent resignation, outgoing Irish Prime Minister Bertie Ahern prefaced the annual St. Patrick”s Day pilgrimage to the White House by predicting “a hard year” ahead for the Irish economy. The banking crisis and credit crunch in the United States, as well as the falling dollar, worry Irish policy-makers. Ireland has 25 percent of its trade in dollars and has bet much of its recent economic boom on a 12 percent corporate tax rate — an enormous incentive for U.S. multinationals such as Intel and Microsoft to run pan-European operations out of Ireland. Google has the headquarters of its European and Middle East operations in Dublin. “The company is very pleased with how the Dublin operation continues to develop,” a Google spokesman said.

Following Kosovo independence, Albania tries to come in from the cold – The Sunday Business Post

TIRANA — “It has been a long time coming, but Albania is ready to rejoin the West. In truth and in spirit, it never left,”  Tirana’s Catholic Archbishop Rrok Krol Mirdita said in an interview. Muslims are the majority, but Albania is a country split four ways confessionally — between Sunni Muslims, Sufi Muslim Bektashis, Catholics and Greek Orthodox. There’s two ways tribal split as well, with northern Ghegs and southern Tosks making up most of the country’s roughly 3 million population. But all Albanians now seem to be pulling one way politically after the recent declaration of independence by Kosovo, where the majority of the population is Albanian. A Kosovar delegation visited recently to discuss forming a common market between the two states. Despite Kosovo’s supervised independence precluding unification with Albania, the latter”s Minister for Economy and Energy, Genc Ruli, stated that a free Kosovo “paved the way for a common market […] and coordination of economic policies with Albania.”