Russell Gold reports:
Which is a safer bet—Big Oil or Big Government?
Exxon Mobil and BP now have lower five-year credit default swap spreads than the U.S. government, Deutsche Bank pointed out. In other words, the market thinks the U.S. government is more likely to go bust by 2014 than Exxon.
That’s part of Deutsche Bank’s argument for [...]

By Herbert Lash
NEW YORK, Feb 25 (Reuters) - Oil prices jumped on Wednesday while global stocks fell, unable to sustain a late U.S. rally, as more dour data and doubts over how U.S. President Barack Obama plans to fix the U.S. economy weighed on equity markets.
U.S. stocks briefly turned positive after banking regulators launched [...]

Environmental groups throughout Texas are lining up to oppose the South Texas Nuclear Operating Co.’s plans to build two additional reactors at its plant near Bay City, Texas.
The Nuclear Regulatory Commission has filed notice in the Federal Register giving citizens the ability to challenge the proposed reactors. Groups have 60 days to oppose the proposed [...]

Georgia lawmakers weigh similar bill this week
As Georgia lawmakers push forward with a nuclear financing bill this week, their counterparts in Florida are scrambling to undo a similar measure approved three years ago.
In the past two weeks, Florida Republicans, including the state Senate president pro tem, drafted two bills aimed at a 2006 law requiring [...]

Stating that Nevada could lead the nation in linking job creation to energy efficiency, state Senate Majority Leader Steven Horsford detailed his “green jobs” initiative to a legislative panel Friday.
SB152 would use federal stimulus funds to train an estimated 3,200 workers at a cost of about $3,500 each, and cover costs of weatherizing about 6,500 [...]

President Obama signed a major piece of legislation into law on February 17th - a massive $787 billion spending bill that he and his fellow Democrats in Congress intend to leverage to revive the stagnant economy.
The bill emphasizes new technologies and endeavors over rehabilitation of old industry sectors - and has a particular focus on [...]

LOS ANGELES (Reuters) - Google Inc on Tuesday said it would use its software skills to help consumers track their home energy usage and thereby lower demand and the global warming emissions that come from producing electricity.
The move is part of Google’s effort to pump hundreds of millions of dollars into renewable energy, electricity-grid upgrades [...]

Instead of re-opening the controversial Bataan Nuclear Power Plant (BNPP) the government should focus on enhancing geothermal power capacity in Visayas and Mindanao as a way to fill the projected 2012 energy shortage, professors at the University of the Philippines said at a recent forum on the pros and cons of nuclear energy.
Geothermal power is [...]

By Janis Mara
Californians are driving fewer and fewer miles, the price of crude oil has dropped, and the price of gasoline is — up?
Though crude oil has dropped 11 percent in price since Dec. 16 of last year, when gas reached its low of $1.75 a gallon in the Oakland metropolitan area and crude cost [...]

Russia will become the first supplier of nuclear fuel to India since a club of uranium producers lifted a three-decade ban on sales to the south Asian country.
A unit of Rosatom Corporation, Russia’s holding company for all nuclear assets, will sign a contract with Indian atomic energy monopoly Nuclear Power Corporation on February 11 in [...]