• 3 minutes Is Pete Buttigieg emerging as the most likely challenger to Trump?
  • 5 minutes CoV-19: China, WHO, myth vs fact
  • 8 minutes Question: Why are oil futures so low through 2020?
  • 11 minutes Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 8 hours “The era of cheap & abundant energy is long gone. Money supply & debt have grown faster than real economy. Debt saturation is now a real risk, requiring a global scale reset.”"We are now in new era of expensive unconventional energy
  • 35 mins Question - What if there are no buyers for Chevron's Appalachia Assets?
  • 3 mins Blowout videos
  • 10 hours Energy from thin air?
  • 14 hours OIL trades as if the virus is a 1 quarter event. As if it's Containable, Reversible and Temporary. Is it ?
  • 1 day Hey NYC - Mayor De Blasio declares you must say goodbye to fossil fuels. Get ready to freeze your Virtue Signaling butts off.
  • 3 hours Can LNG Kill Oil?
  • 1 day Fast-charging, long-running, bendy energy storage breakthrough
  • 1 day Foxconn cancelled the reopening of their mfg plants scheduled for tomorrow. Rescheduled to March 3rd. . . . if they're lucky.
  • 2 days "For the Public's Interest"
  • 16 hours Coronovairus, Phase One Agreement, Lower for Longer
  • 2 days Cheap natural gas is making it very hard to go green
Oil Markets Bounce Back As Coronavirus Fears Fade

Oil Markets Bounce Back As Coronavirus Fears Fade

Oil prices have rebounded as…

Europe's Largest Economy Is Betting Big On Hydrogen

Europe's Largest Economy Is Betting Big On Hydrogen

Germany, Europe’s largest economy is…

Obama Reaches Out To Industry To Reduce Emissions

Obama Reaches Out To Industry To Reduce Emissions

U.S. President Barack Obama, frustrated by Congress’ unwillingness to work with him, has proposed a partnership between the White House and industry in his effort to improve energy efficiency.

Obama visited a Wal-Mart in Mountain View, California on May 9, where he said, “There are cost-effective ways to tackle climate change and create jobs at the same time."

The president announced several partnerships with industry, as well as executive actions, to lessen emissions of greenhouse gases. Obama has had virtually no success in addressing these problems through legislation, given his fellow Democrats’ slim majority in the Senate and the Republicans’ control of the House.

Republicans argue that human involvement in climate change is not proven, and that any effort to reduce these emissions would kill jobs.  Obama countered that acting now “will be good for the economy long-term, and if we don’t, that will be bad for the economy.”

The president said jobs in the U.S. solar-power industry increased by 20 percent in 2013, noting that such jobs cannot be outsourced to foreign countries. And he pointed to the Department of Energy’s expansion of training programs for the solar-power industry at community colleges around the country targeting as many as 50,000 students.

Obama said he had been reaching out to private businesses in hopes of persuading them to reduce carbon emissions. The same day, the White House announced that 10 companies were joining the president. Besides Wal-Mart, they include industry giants such as Ikea, Google, Yahoo! and Apple.

The White House chose a Wal-Mart store for Obama’s announcement because the company plans to double the number of solar-powered projects at its stores in the United States and Puerto Rico by 2020.

That choice is interesting because many of the president’s supporters, especially in the labor movement, accuse Wal-Mart of prospering at the expense of its employees, whom they say are paid too little. The company also has refused to take a stand on Obama’s effort to increase the federal minimum wage.

Meanwhile, Bloomberg News reports that Wal-Mart’s political action committee, or PAC, has made more than $500,000 worth of political contributions to both major political parties so far this year, with slightly more than half going to Republicans.

By. Andy Tully of Oilprice.com



Join the discussion | Back to homepage


Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News