The latest play in the push for more alternative energy; General Electric announced they will provide 88 turbines for three projected wind projects in the Hebei and Shanxi Provinces of China. The new deal positions China to potentially surpass the U.S. as the global leader in wind energy by adding 132 megawatts of wind [...]

InterOil Corporation today announced it has entered into a definitive agreement with a number of institutional investors to sell 2,013,815 shares of its common stock in a “registered direct” offering. The investors have agreed to purchase the shares of common stock at a purchase price of U.S.$34.98 per share, which represents a one cent premium [...]

Crude futures touch a 7-month high - before retreating slightly - as stock markets soar and the dollar weakens.
NEW YORK (CNNMoney.com) — Oil prices touched 7-month highs Monday as global stock markets surged and the U.S. dollar weakened.
Crude futures were up $1.46 at $67.77 a barrel but had reached as high as $68.29 in [...]

IRVING, Texas — The average retail price for gasoline jumped more than six cents last week across Texas to nearly $2.33 a gallon.
AAA Texas on Thursday reported the nationwide average rose almost nine cents, reaching $2.45.
The association says El Paso had the state’s most expensive gasoline, at $2.39 a gallon. Houston and San Antonio [...]

Supplies are up, too. Analysts suggest that Wall Street speculators hedging against inflation may be the cause.
WASHINGTON - Oil and gasoline prices have risen fast during the approach to Memorial Day weekend, but not because supplies are tight or demand is high.
U.S. crude-oil inventories are the highest in almost two decades, and demand has fallen [...]

PERTH (Reuters) – Oil prices fell toward $61 a barrel on Monday, shedding some of the previous session’s gains, on growing risk aversion after North Korea said it had successfully conducted a nuclear test.
Still, prices hovered around a six-month high, as a weak U.S. dollar and expectations the Organization of the Petroleum Exporting Countries (OPEC) [...]

With oil prices at a six-month high and gasoline prices not far behind, energy traders are pointing a finger at rising violence in Nigeria’s ethnically driven civil war.
A wave of attacks on oil wells, platforms and pipelines by rebels in Nigeria’s Niger Delta has left the country’s output at about half its maximum level of [...]

LONDON (AFP) – Oil prices rose on Friday on signs of increasing energy demand in the United States, traders said, as the market focus began switching to a meeting of the OPEC cartel next week.
New York’s main futures contract, light sweet crude for delivery in July, climbed 45 cents to 61.50 dollars a barrel.
Brent North [...]

HOUSTON, May 22 — Energy prices fell May 21 with the biggest one-day drop in natural gas futures prices since August 2007 as the major US equity stock indexes were hammered and the dollar gained in value.
The front-month crude contract fell from a 6-month high but remained above $61/bbl on the New York Mercantile [...]

Motorists still paying less than they did in 2008
Drivers aren’t exactly thrilled about paying more for gas than they were a month ago, but it sure beats the price they were paying at this time last year.
Gas prices climbed to an average of $2.30 a gallon in the Lafayette metro area Thursday.
That’s up 31 cents [...]