Brewery plans to go ‘green’ to earn the green

Big beer is going green. Anheuser-Busch, the top U.S. beer seller, said Wednesday it plans to make one in seven of its beers using renewable fuels by 2010 and gave Houston a starring role in the effort. The St. Louis-based maker of Budweiser, Michelob and other beer brands said it will use methane gas from […]

U.S. bill renewing clean energy credits fails vote

WASHINGTON, July 30 (Reuters) – U.S. legislation extending renewable energy and energy-efficiency tax credits failed a key procedural vote on Wednesday and lawmakers will now set the bill aside, at least temporarily. The extensive tax package includes measures providing an eight-year extension of solar energy investment credits, and a one-year extension of tax credits for […]

Oil man Pickens seeks ‘army’ to back energy plan

TOPEKA, Kansas (Reuters) – Energy tycoon T. Boone Pickens said on Wednesday he is creating an “army” of business leaders and mainstream Americans to lobby for his plan to revamp U.S. energy policy in favour of wind power and natural gas over imported oil. Pickens said he hopes to break a political stalemate on U.S. […]

Energy Prices Are Bright Sliver in Grim Economy

The sharp drop in energy prices since the beginning of the month is turning into a rare bright spot in a bleak economic landscape. For the moment, at least, fears of a prolonged energy shock seem to have subsided a bit. Oil has fallen more than $23 a barrel, or 16 percent, since peaking on […]

What is going to power our cars?

With oil supplies a continuing concern, focus is switching to lithium for electric vehicles. But debate rages about how much of it is available It wasn’t the sound of his car engine that was distracting Ian Clifford. The chief executive of Canadian business Zenn Motors makes electric vehicles that give off no noise. He was […]

4.5 Billion Years in Provence

Recent radioactive leaks in France provide a cautionary tale for America’s “nuclear renaissance.” As gasoline prices rise along with global temperatures, the nuclear energy bandwagon is gaining momentum, and welcoming aboard Americans of all political stripes. In the past month alone, President Bush, preparing for climate change talks at the G8 summit, urged the world […]

Gas Crisis Fuels Dubious Online Offers

Want to cut your fuel costs by 60 percent, use water as fuel, receive a free $1000 gas card, or lock down the price of gas to $2.49 a gallon? You can find these offers on the Web–but experts say most are bogus, designed to collect personal information, to get you to sign up for […]

Study: U.S. has up to 50% more natural gas than once thought

U.S. natural gas reserves are far more plentiful than previously estimated, says an industry study being released today The industry says the findings should prod policymakers to provide incentives to wean the nation from $4 gasoline and move to compressed natural gas as a standard fuel in many cars and trucks. “Everyone knows natural gas […]

Mexico says reform won’t reverse oil woes fast

MEXICO CITY (Reuters) – It will be hard for Mexico to restore flagging oil output before 2020 to recent levels of 3 million barrels per day, even if the government pushes through a plan to boost foreign investment in production efforts, a top energy official said on Tuesday. Mexico’s status as a top supplier of […]

Coalition is seeking more offshore drilling

Energy effort bypasses leaders in Congress WASHINGTON “People’s frustrations are boiling over,” said Rep. Nick Lampson, D-Stafford. “They’re getting tired of the finger pointing and saying, ‘Where are the solutions?’ ” Today, a group of about two dozen House members, led by Rep. John Peterson, R-Pa., and Rep. Neil Abercrombie, D-Hawaii, are expected to unveil […]

BP resists Russian

The chief executive of BP said the oil giant would “not be intimidated by strong arm tactics” in the dispute with the billionaires who share control of its key Russian venture as the company unveiled a huge leap in profits on the back of strong prices. Advising foreign investors to tread with caution in Russia, […]

The latest bubble to burst? Trucks and SUVs

Owners see trade-in value plummet as housing declines and gas soars Add your pickup truck or SUV to the list of things like your stock portfolio, your 401K, and your house that aren’t worth what they were just a few months ago. Used-car values are closely tied to new-car values. Thanks to $4-a-gallon gasoline, the […]

Boeing executive: Oil prices demand jet efficiency

Soaring oil prices are likely to crimp the need for regional jets and force bigger aircraft to grow more fuel-efficient, a senior Boeing executive said Wednesday. Randy Tinseth, Boeing Co. marketing vice president, said oil prices are likely to remain high and won’t stabilize for some time. As a result, the market for regional jets […]

Rival factions clash in Nigeria oil region; 4 dead

PORT HARCOURT (Reuters) – Rival militant factions in Nigeria’s oil-producing Niger Delta have clashed in an apparent turf war, killing at least four people, security officials said on Wednesday. The fighting started late on Tuesday at Abonnema, around 14 km (9 miles) west of the main oil industry city of Port Harcourt, military spokesman Lieutenant-Colonel […]

Venezuela worried by Barbados offshore oil plans

Venezuela’s government wants to know if Barbados plans to grant licenses for offshore oil drilling within Caribbean waters claimed by the South American country. Oil Minister Rafael Ramirez says foreign ministry officials plan to contact Barbados to discuss the possible violation of Venezuela’s sovereignty in the Caribbean Sea. “Things are put back in place by […]

Drought triggers energy crisis in Iran

Iran is considering raising electricity prices five-fold as early as September in order to curb domestic consumption as it grapples with a power crisis brought on by the worst drought to hit the country in more than a century. The drought has caused hydroelectric output to fall 75 per cent, Alyssa Rallis, an economist with […]

Bangladesh gaining land, not losing: scientists

New data shows that Bangladesh’s landmass is increasing, contradicting forecasts that the South Asian nation will be under the waves by the end of the century, experts say. Scientists from the Dhaka-based Center for Environment and Geographic Information Services (CEGIS) have studied 32 years of satellite images and say Bangladesh’s landmass has increased by 20 […]

Giant chunks break off Canadian ice shelf

Giant sheets of ice totaling almost eight square miles broke off an ice shelf in the Canadian Arctic last week and more could follow later this year, scientists said on Tuesday. In a development consistent with climate change theories, the enormous icy plain broke free sometime last week and began slowly drifting into the Arctic […]

Spain sees 1 mln electric cars in energy plan

Spain’s government aims to have 1 million electric cars on the roads by 2014 as part of a plan to cut energy consumption and dependence on expensive imports, Industry Minister Miguel Sebastian said on Tuesday. “Electric vehicles are the future and the driver of the industrial revolution,” Sebastian said in testimony to a congressional panel.Sebastian […]

Commodities boom has room to grow: analyst

Scotiabank’s commodity price index sprinted to a new record high for the sixth consecutive month in June, and despite recent declines it is far too early to call an end to the cycle, says analyst Patricia Mohr. “People have been calling an end to the commodities boom for the past three years,” said Ms. Mohr, […]

Coal shortage brings fear of electricity crisis in China

China’s sprawling industrial heartland is braced for an electricity crisis as the closure of unsafe coalmines before the Olympic Games and the rising price of coal have left many power stations either without the fuel they need or unable to make a profit. Energy experts believe that China’s coal shortage could trigger its worst spate […]

Russia takes control of Turkmen (world?) gas

From the details coming out of Ashgabat in Turkmenistan and Moscow over the weekend, it is apparent that the great game over Caspian energy has taken a dramatic turn. In the geopolitics of energy security, nothing like this has happened before. The United States has suffered a huge defeat in the race for Caspian gas. […]

Restaurant Chains Close as Diners Reduce Spending

Several national restaurant chains were shuttered on Tuesday, possibly offering an early taste of what’s in store this year for businesses that depend on free-spending consumers whose budgets are now being squeezed. The parent company of Bennigan’s, an Irish-themed bar and grill with about 200 sites across the country, filed for bankruptcy, a move that […]

Dutch report warns of oil crisis in 2010

A sustained period of worldwide oil scarcity will begin sooner than generally forecast and could spark off military conflicts in Africa, according to the Dutch Clingendael institute for international relations, reports Wednesday’s Volkskrant. According to Clingendael, the oil shortage will begin to bite in 2010, five years earlier than predicted by the International Energy Agency.DutchNews

OPEC President Says Not to Raise Oil Output

The Organization of Petroleum Exporting Countries (OPEC) President Chakib Khelil said Tuesday the oil cartel will not increase its oil output even in the next winter. Speaking to the press after presenting his paper before Indonesian energy stakeholders, he said OPEC is currently having an overproduction.“We are still waiting for what the next winter will […]

BP boss warns of more pain for consumers from oil prices

The chief executive of BP, Tony Hayward, has warned that the long term trend for oil and gas prices spells more pain for consumers. Despite the crude price falling from recent record highs, the boss of Britain’s biggest company said that there was “an increasing likelihood that oil and gas prices will be stronger for […]

U.S. agency: Voluntary climate action has limits

WASHINGTON – Voluntary pollution-reduction programs touted by the Bush administration as part of the solution to global warming have “limited potential” to reduce greenhouse gases, according to an internal government watchdog. The Environmental Protection Agency’s Inspector General’s Office said industry’s unwillingness to participate and unreliable data that casts doubt on claimed reductions are hindering efforts […]

Brazil defends biofuel’s merits

Truckloads of sugar cane arrive from the nearby fields, some cut down by hand, some – in a sign of things to come – removed by machine. From sugar cane fields to the garages of Brazil, doubts about biofuels in other parts of the world have not visibly slowed the process here. Marcus Jank, president […]

Less driving forces gas prices down

This year’s record-shredding spike in gasoline prices has finally ended, with prices throughout the country falling by more than a penny per day. And American drivers can thank themselves for the drop. Shocked by prices that reached $4.11 per gallon nationwide and $4.61 in California, drivers stopped buying as much fuel. That cut the demand […]

[Video] Peak Oil ”A Fact”

Unless Global Depression, Oil Going To $500 a Barrel As the stock market celebrates a minor dip in oil prices, the author of “Profit from the Peak”, Chris Nelder, weighs in on TechTicker. Here’s what he had to say:

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