Archive for March, 2009

Oil falls on housing data, inventories expectation

March 31st, 2009

Front-month contract is set to end the month and quarter up about 8%
NEW YORK (MarketWatch) — Crude-oil reversed earlier gains Tuesday, moving lower as newly released U.S. housing data further raised economic worries and as analysts forecast another rise in U.S. crude inventories.
Home values in 20 major U.S. cities fell a record 19% [...]

Gas prices again on the rise

March 31st, 2009

CUMBERLAND — For the first time in nearly five months, the national average price of gasoline increased to more than $2 a gallon, at $2.01 a gallon Thursday.
The last time gas prices were at this level was the week before Thanksgiving when the national average fell to $2.02 a gallon. The price had remained below [...]

Tanzania: Development Group in U.S. $1.2 Billion Coal Initiative

March 30th, 2009

The National Development Corporation (NDC) and Pacific Corporation East Africa (PCEA) have formed a company to explore and exploit coal resources in Southern Tanzania.
The National Development Corporation (NDC) and Pacific Corporation East Africa (PCEA) have formed a company to explore and exploit coal resources in Southern Tanzania.
The company, Tancoal Energy Limited (TANCOAL) is a joint [...]

Students and faculty critique ‘clean coal’

March 30th, 2009

As WU takes initiative, issue on mind of University community
Several Washington University environment and energy experts came together to critique clean coal and to discuss problems with the University’s funding of a Missouri clean coal initiative.
“This notion of clean coal is an oxymoron,” said Bill Lowry, professor of political science. “Coal is going to inevitably [...]

Gauging the Prospects for Nuclear Power in the Obama Era

March 28th, 2009

When asked about their views on nuclear power, President Obama and his advisers say they support it. “I believe in nuclear power as a central part of our energy mix,” Energy Secretary Steven Chu recently told Congress.
The phrase, both inclusive and relatively vague, has its advantages. But now on Capitol Hill and elsewhere, there are [...]

Renewable Energy Generation Climbs in 2008, Fossil Fuels Dip

March 28th, 2009

ClimateBiz Staff
Non-hydro renewable energy increased 17.6 percent in 2008 compared to the year before, according to new figures released this week by the Energy Information Administration.
In comparison, electricity generation from coal and natural gas declined by 1.1 percent and 2.2 percent, respectively. Overall electricity generation declined 1 percent in 2008, most likely due to the [...]

Obama’s Energy Budget: More Taxes, Higher Prices

March 26th, 2009

President Obama recently released his budget blueprint, “The New Era of Responsibility,” which outlines his spending plans for Fiscal Year 2010 and beyond.[1] Aside from providing general levels of federal spending, the blueprint foreshadows much of the President’s policy agenda. The budgets for the Department of Energy (DOE), the Department of the Interior (DOI), and [...]

The Truth About All Those Green Jobs

March 25th, 2009

Millions of new energy jobs? Perhaps, but the estimates may be a bit too rosy
It’s no wonder that the “green jobs” chant has become a chorus. What’s not to like about the prospect of millions of newly created and hard-to-outsource positions? Particularly if they are filled by people hard at work designing and building and [...]

Free Market Energy Experts Doubt Effectiveness of Obama’s Green Jobs Policies

March 25th, 2009

(CNSNews.com) – While President Barack Obama touted a greener future for America on Monday, free-market economists expressed skepticism about the prospects of green jobs and how effective government spending will be for long-term energy policy.
The economic stimulus package that Obama signed into law earlier this year spends $39 billion on Department of Energy grants for [...]

Barack Obama Announces Another $1.2 billion for Energy R&D

March 25th, 2009

(PhysOrg.com) — One of the more interesting areas of technological development in the coming years is likely to be energy development — specifically green energy development. With new advances in physics allowing for such items as organic thin-film solar cells, it appears that energy technology could be one of the uses for cutting edge scientific [...]