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U.S. Military Must End Oil Dependence Within 30 Years, Report Says
America’s military should wean itself off oil by 2040 in order to end the high vulnerability of its fuel supply to attack and price spikes, according to a new report. The U.S. Department of Defense...
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Wasted Food Equals Wasted Energy?
The amount of food wasted each year by Americans represents the energy equivalent of 350 million barrels of oil, or about 2 percent of the nation’s annual energy consumption, according to a new study....
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U.S. Startup Develops Process to Convert Plastic Waste into Oil
A U.S. startup company says it has developed a technology to convert plastic waste into a highly refined, low-sulphur oil, an innovation company officials say could provide a domestic source of fuel...
View ArticleCarbon Emissions Dropped with Fuel Consumption, Report Says
The U.S. Environmental Protection Agency has released the15th annual U.S. greenhouse gas inventory report, which shows a drop in overall emissions of 2.9 percent from 2007 to 2008. The downward trend...
View ArticleWill the Electric Car Put Money in Your Pocket?
For consumers, discussion of electric cars tends to focus on how long the vehicle travels before needing a recharge and what it will cost to buy. But a new report backed by several large corporations...
View ArticleOil Execs Quizzed on Safety as BP Tries New Well Fix
WASHINGTON/PORT FOURCHON, Louisiana (Reuters) – U.S. lawmakers pressed oil executives about flaws in a well safety device on Wednesday while BP scrambled with its latest deep-sea effort to control the...
View ArticleSuccess of Tar Sands Prompts Expansion Globally
The successful development of the controversial oil sands in Canada has prompted oil companies to invest in similar operations elswhere, including Russia, Venezuela, the Congo, and Madagascar,...
View ArticleAs Oil Nears Loop Current, Fears Grow That Slick Could Reach Florida
This satellite image shows a long tail of oil drifting close to the Gulf of Mexico’s so-called loop current, which could then carry the oil south to Florida and even up the East Coast of the U.S....
View ArticleBP Releases Live Video of Spill, Causing Crash of Website
For almost a month, BP monitored oil and natural gas gushing from the broken riser and blow-out preventer with remote operated vehicles (ROVs). And for almost a month, they kept all of that video to...
View ArticleOil Spill: Gas Exceeds $300 per Gallon
Imagine paying over $300 for a gallon of gas. That was essentially what Exxon was paying in 1989 when their oil tanker, Valdez, split open and released over 10 million gallons of oil into Prince...
View ArticleU.S. to Suspend Arctic Drilling: Alaska Senator
(Reuters) – The Obama administration plans to announce on Thursday a suspension of offshore oil drilling in the Arctic until 2011 as a result of the Gulf of Mexico oil spill, an Alaska senator said....
View ArticleBP: The Money Gusher
The oil industry’s decommissioning costs will dwarf those of nuclear power. The money being made now should be put aside to meet them. Has BP ever made a profit? The question looks daft. The oil...
View ArticleEPA To Use Mushrooms to Break Down BP’s Oil?
The EPA may experiment with using containment booms made out of mushrooms to break down oil gushing from the Gulf, according to a leading mushroom scientist. Paul Stamets, a pioneering mycologist, said...
View ArticleTime to Come Clean on Energy Subsidies?
What you don’t know will hurt you. That’s the message in Michael Lewis’ new book, “The Big Short,” which traces today’s worldwide economic downturn to a single problem: the secretive nature of prices...
View ArticleHow Do Relief Wells Work?
(Reuters) Here is an explanation of how a relief well works, as explained by industry and academic experts as well as Kent Wells, BP’s senior vice president of exploration and production. * A relief...
View ArticleIEA: Climate Pledge Failure Would Boost Oil Prices
(Reuters) – A reduction of ten percent in oil demand could knock about $20 off the price of a barrel of crude by 2035 if nations meet their climate change pledges and cut fossil fuel subsidies, the...
View ArticleEcuador Gives Oil Profits to the People
After burning through five energy ministers, President Rafael Correa was finally able to pass the petroleum reform that replaces a production-sharing model with a flat rate per barrel produced payment...
View ArticleLibya’s Post Gadhaffi Future – Who gets the Oil?
Muammar Gadhaffi’s 42 year-old regime is in its death rattle – maybe today, maybe tomorrow, his administration that has ruled Libya with a quixotic and brutal hand is about to pass, in Trotsky’s...
View ArticleEurope Could Ban Oil from Tar Sands and Other ‘Dirty’ Sources
The European Union says crude oil extracted from Alberta’s tar sands should be ranked as a dirtier fuel source than oil tapped from conventional oil wells, a move that could effectively ban the import...
View ArticleTop Ten Highlights of Cleantech in ConocoPhillips
ConocoPhillips Company is an American-based multinational energy corporation that has their headquarters in Houston, Texas. It is the fifth largest private sector energy corporation around the globe....
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