Many local activists say the rush to renewables, backed by Obama, risks trading one power problem for another.
A key part of President Obama’s energy plan — replacing fossil fuels with green alternatives — is facing increasing opposition from an unlikely source: environmentalists.
Some environmentalists, who have successfully fought a wind farm on the border of Oregon [...]
BY ALEX MILLS
A few market indicators point to a firmness in the price of crude oil and natural gas.
One of the largest factors is the U.S. economy. Even though unemployment has declined over the past year, it appears to have hit bottom. U.S. home sales register a comeback in December, registering the largest monthly increase [...]
DUBAI, UAE, Nov 19, 2008 (MARKET WIRE via COMTEX) — Petrolium Oil Alliance Inc. announced it has opened new offices for the company and its U.S. subsidiary PetrOil Inc. formerly CybeRecord, Inc. (PINKSHEETS: CYRD), at King Fahad Road, Oroba Center Suite 4042, Riyadh, Kingdom of Saudi Arabia, Telephone: +966553020240. The action was taken as [...]
By Matthew Walter and Steven Bodzin
Oct. 27 (Bloomberg) — The same tumbling oil prices that led OPEC to slash output last week threaten to send Venezuela’s economy into a tailspin, and put an end to President Hugo Chavez’s ambitions to expand his socialist revolution at home and abroad.
To cope with plummeting oil revenue, the [...]
By STEVENSON JACOBS, AP Business Writer
NEW YORK – Oil prices rebounded back above $71 a barrel Friday as traders bet that OPEC will announce a sizable production cut at an emergency meeting next week in an effort to stem crude’s stunning collapse.
The downward momentum on oil has grown more feverish in recent days, lopping more [...]
