Posts Tagged ‘imported oil’

T. Boone Pickens Highlights U.S. Oil Dependence for Sixth Consecutive Month

June 7th, 2009

DALLAS–(BUSINESS WIRE)–Today energy expert T. Boone Pickens provided his sixth consecutive monthly update on the level of United States’ oil importation.
Pickens said that based on the latest figures from the U.S. Department of Energy’s Energy Information Administration (EIA), the U.S. imported 65 percent of its oil, or 366 million barrels, in May 2009, sending approximately [...]

China closing energy deals while oil is cheap

May 30th, 2009

By MICHAEL RICHARDSON
SINGAPORE — Cash-rich China is using a period of relatively low oil prices to improve its energy security and ensure that its economy has the oil-based fuels needed to sustain growth when recovery from the slump takes hold.
Should Japan, which is currently far more reliant on imported oil than China, adopt a similar [...]

Green-energy bill gets a yellow light

April 28th, 2009

State House: Legislators are wary of paying small power producers because it would raise electric bills.
Maine’s renewable energy advocates are envious of Germany.
They see a country that has less overall sunshine than Maine, but is a world leader in the number of solar-electric panels installed. A big reason, they say, is an 18-year-old German law [...]

Obama Launches Energy Education Initiative

April 28th, 2009

Today, President Obama announced a new national energy education initiative to inspire and train tens of thousands of young Americans “to tackle the single most important challenge of their generation — the need to develop cheap, abundant, clean energy and accelerate the transition to a low carbon economy.”
Last summer, we developed a proposal for a [...]

Offshore Oil Drilling: Running on Empty

December 8th, 2008

Oil prices reached $147 a barrel, an all-time high, in mid-July. Within weeks, a federal agency acted to “jump-start” the Bush administration’s five-year program to open additional offshore areas to petroleum and natural-gas drilling.
The five-year program was developed in July 2007 when, the Minerals Management Service noted, oil was “only” $64 a barrel.
Just 12 months [...]

Ormat Tech completes geothermal plant in Kenya

December 4th, 2008

TEL AVIV, Dec 4 - Ormat Industries said on Thursday its subsidiary Ormat Technologies had completed phase two of construction of a geothermal plant in Kenya.
The Olkaria III plant will add 35 MW of base load capacity to the existing 13 MW plant which has been in operation since 2001, Ormat Industries said [...]

Commentary: New clean energy can help Caribbean economies

November 15th, 2008

The continued fluctuating dollar value of petroleum and the need for sustainable energy has made agricultural crops such sugarcane, corn and others, realistic and targeted commodities to be used to supply sustainable energy in the future. This makes agriculture a key player in the search for renewable energy supplies.
The Caribbean and indeed the world is [...]

‘Unfriendly’ oil import figure is wildly inflated

October 17th, 2008

By H. JOSEF HEBERT
WASHINGTON (AP) — It’s an attention-grabbing claim: Americans each year are sending $700 billion to unfriendly countries for oil, as much as the entire cost of the Wall Street bailout plan. In rare agreement, both presidential candidates use the number. But is it real?
“We have to stop sending $700 billion a year [...]

Geothermal power projects will work

October 16th, 2008

October 16, 2008: The energy conference last week was a big step towards solving many sector issues in Kenya. The importance attached was demonstrated by the attendance of the President and the vice-president. The only notable disappointment was the absence of key personnel from the Treasury as facilitators.
The conference came up with a number [...]

Levin, Hoogendyk weigh in on energy

October 14th, 2008

ASSOCIATED PRESS • October 13, 2008
U.S. Senate candidates disagree on drilling
LANSING — A gallon of gas costs more than twice what it did 6 years ago, the last time incumbent Democratic U.S. Sen. Carl Levin was up for re-election.
The average statewide cost for regular unleaded gasoline was $3.27 per gallon as of Friday, according to [...]