Posts Tagged ‘energy demand’

Patriot Coal Announces Closing of Central Appalachia Mine

August 5th, 2009

Patriot Coal Corporation (NYSE: PCX) today announced the closing of the Samples surface mine located in southern West Virginia. Patriot’s affiliate, Catenary Coal Company, in compliance with the Worker Adjustment and Retraining Notification Act (”WARN”), advised employees that their employment at the Samples mine will be terminated effective October 5, 2009. The mine has [...]

Clean Energy Grows Economy Faster Than Traditional Sources

June 12th, 2009

SAN FRANCISCO, June 10 /PRNewswire/ — As the state grapples with a multibillion dollar deficit, a new study by researchers at the University of California, Berkeley, to be released today examines the economic impacts of different energy pathways for California and finds that continuing on a business-as-usual energy path risks greater economic insecurity, while aggressive [...]

Oil prices rebound before OPEC meet next week

May 23rd, 2009

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 [...]

Oil prices fall after spike above $62

May 21st, 2009

LONDON (AFP) – Oil traded lower on Thursday as investors cashed in profits after an overnight rally that pushed prices above 62 dollars, traders said.
New York’s main futures contract, light sweet crude for delivery in July, fell 1.32 dollars to 60.72 dollars a barrel.
Brent North Sea crude for July delivery shed 1.29 dollars to 59.30 [...]

Oil steadies above $56, eyes economic data

May 18th, 2009

PERTH (Reuters) – Oil hovered little changed above $56 a barrel on Monday, pausing from the previous session’s near 4 percent loss, as the market awaited further economic data and movements in equities markets for directions.
U.S. crude for June delivery nudged up 5 cents to $56.39 a barrel by 11:48 p.m. EDT. The contract fell [...]

U.S. average gasoline price rises: survey

May 18th, 2009

PERTH (Reuters) – Oil hovered little changed above $56 a barrel on Monday, pausing from the previous session’s near 4 percent loss, as the market awaited further economic data and movements in equities markets for directions.
U.S. crude for June delivery nudged up 5 cents to $56.39 a barrel by 11:48 p.m. EDT. The contract fell [...]

Energy Sec. announces $193M for energy research

April 30th, 2009

GOLDEN, Colo. (AP) — The primary U.S. lab for renewable energy will receive $110 million in federal stimulus funds and another $83 million will go toward wind energy and other alternative power and efficiency projects, Energy Secretary Steven Chu said Wednesday.
“Wind energy will be one of the most important contributors to meeting President Obama’s target [...]

Switch to nuclear power

April 22nd, 2009

On this coming 39th anniversary of Earth Day on Wednesday, Michigan is facing one of the greatest energy challenges in its history, with serious implications for the state’s environment and its economy. Our energy demand is surging, and we need every available energy source to meet it. At the same time, we need to prioritize [...]

Google tool helps consumers reduce energy usage

February 11th, 2009

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 [...]

France’s Areva, India sign nuclear reactor deal

February 5th, 2009

PARIS (AP) — French nuclear giant Areva signed a preliminary deal Wednesday to provide India with up to six new-generation reactors — a move hailed in India as ending its nuclear isolation and transforming the country into “a responsible nuclear state.”
The Paris-based company says the deal signed with Indian electric utility Nuclear Power Corporation of [...]