Oil prices were essentially flat to end the week after Federal Reserve Chairman Ben Bernanke said this week that interest rates will have to be raised when the economy recovers in order to avoid inflation.
It has been the weak dollar that has attracted billions in investments in energy markets this year because oil is priced [...]
LONDON (Dow Jones)–The U.K. government needs policies that will allow the development of more nuclear power and less wind energy, the Confederation of British Industry said Monday.
This would result in a balanced energy mix with less dependence on imported gas, lower greenhouse gas emissions by 2030 and cheaper energy bills, the CBI said.
The comments [...]
Scotland’s energy future should be based on non-nuclear sources.
The SNP today welcomed a report from the Parliament’s Economy, Energy and Tourism Committee which supported the Scottish Government’s plans for Scotland to build a clean, green and renewable energy future as SNP MSP Rob Gibson called for the UK Government to release £150 million of potential [...]
LONDON, Ky.–(BUSINESS WIRE)–Kentucky USA Energy, Inc. (OTCBB: KYUS - News), a natural gas exploration and production company announced today an update on the Company’s drilling operation on its leasehold property in the New Albany Shale in western Kentucky. The Company’s drilling contractor mobilized its rig to the Company’s next drilling location, Jimmy Jackson #1, spudded-in, [...]
Harvest Natural Resources, Inc. (NYSE: HNR - News) today announced that James A. Edmiston, President and Chief Executive Officer, will present at EnerCom’s London Oil & Gas Conference in London, England at 11:00 a.m. British Summer Time (6:00 a.m. EDT) on Thursday, June 18, 2009.
The live audio webcast of the presentation and accompanying materials can [...]
By James Kanter
Global investors spent about $250 billion building new power capacity in 2008, and for the first time the lion’s share of that money went to renewable sources, according to the United Nations Environment Program.
Renewable sources accounted for 56 percent of investment dollars, worth $140 billion, while investment in fossil fuel technologies was $110 [...]
LONDON: Crude oil prices rose more than 2% to a seven-month high on Monday, extending its biggest monthly gain in a decade due to rallying stock
markets and sustained expectations for a global economic recovery.
US stocks rose, following gains in Europe and Asia driven by data showing China’s manufacturing continued to expand moderately in May. [...]
LONDON (Reuters) – Oil rose more than 2 percent to a seven-month high on Monday, extending its biggest monthly gain in a decade due to rallying stock markets and sustained expectations for a global economic recovery.
European stocks were firmer following gains in Asia after data showed China’s manufacturing continued to expand moderately in May. The [...]
By Edward McAllister Edward Mcallister – Fri May 29, 3:44 pm ET
NEW YORK (Reuters) – Oil rose to a six-month high above $66 per barrel on Friday, marking its largest monthly percentage gain in more than a decade, after U.S., Japanese and Indian data suggested the economic downturn may be easing.
Oil prices jumped [...]
In a recent statement in London, Obama administration US Energy Secretary Steven Chu suggested impact of lightening roofs and roads in urban environments would be equivalent to not having any cars in the world running for 11 years. Tim McLoughlin, President of KTM Roofing in Atlanta suggests Chu’s theory is science fiction and has some [...]
