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Coal Leasing on Public Lands Deprives Taxpayers of Millions

Coal Leasing on Public Lands Deprives Taxpayers of Millions

Feb 05, 2014 at 16:15 | Charles Kennedy

A new report from the U.S. Government Accountability Office (GAO) found that the U.S. government has failed to ensure that coal companies pay the fair market value when paying…

Japanese Utilities Step up LNG Purchases

Japanese Utilities Step up LNG Purchases

Feb 04, 2014 at 17:05 | James Burgess

To make up for the continued shortfall in electricity generation from the dozens of idle nuclear power plants, Japanese utilities are increasing their purchases of LNG from abroad. Tohoku Electric…

Petrobras Stock Hits 8-Year Low

Petrobras Stock Hits 8-Year Low

Feb 04, 2014 at 17:03 | Charles Kennedy

On February 3, the stock price for Petroleo Brasileiro SA (Petrobras), Brazil’s flagship oil company, dropped by 5.8% to an eight-year low. Once one of the most valuable companies…

Shell Starts Production from Offshore Platform in Gulf of Mexico

Shell Starts Production from Offshore Platform in Gulf of Mexico

Feb 04, 2014 at 17:01 | Joao Peixe

Royal Dutch Shell announced on Feb. 4 that it started oil production from its “Olympus” platform in the Gulf of Mexico. The company is using the Olympus to drill…

Keystone XL Passes Another Huge Hurdle

Keystone XL Passes Another Huge Hurdle

Jan 31, 2014 at 16:53 | Joao Peixe

TransCanada Corp applied more than five years ago for a federal permit to build the Keystone XL pipeline across the US in order to link Canada’s tar sands in Alberta…

North Dakota Flares $100m of Natural Gas a Month

North Dakota Flares $100m of Natural Gas a Month

Jan 31, 2014 at 16:51 | James Burgess

It is well known that advances in technology have enabled the US to experience a huge boom in oil production over the past several years. Since 2007, oil production from…

New Process Recycles Old Plastics into Usable Liquid Fuels

New Process Recycles Old Plastics into Usable Liquid Fuels

Jan 31, 2014 at 16:48 | Charles Kennedy

Plastics are a pain. They are very useful during their product life but once disposed they don’t degrade naturally, and this creates huge problems in terms of waste disposal. Researchers…

Coal Markets Hit Hard as Emerging Economies Begin to Wobble

Coal Markets Hit Hard as Emerging Economies Begin to Wobble

Jan 30, 2014 at 16:34 | Charles Kennedy

Slowing growth in developing countries has started to affect the commodities market, especially for coal, as orders are slashed and prices have fallen as much as 10 percent in a…

Economist Warns that Texas Oil Boom will Begin to Slow this Year

Economist Warns that Texas Oil Boom will Begin to Slow this Year

Jan 30, 2014 at 16:32 | James Burgess

Karr Ingham, an economist and owner of Ingham Economic Reporting, recently spoke at the Houston Petroleum Club about the Texas Petroleum Index and to warn them that despite booming…

Environmentalists and Oil Industry are Annoyed by State of the Union Address

Environmentalists and Oil Industry are Annoyed by State of the Union Address

Jan 30, 2014 at 16:30 | James Burgess

On Tuesday night President Barack Obama gave his fifth formal State of the Union address, in which he celebrated the US oil and gas sector causing environmentalists to worry that…

S.Korea Approves Construction of 1st New Nuclear Plants after Safety Scandal

S.Korea Approves Construction of 1st New Nuclear Plants after Safety Scandal

Jan 30, 2014 at 16:26 | Joao Peixe

South Korea, the fourth largest economy in Asia, is heavily dependent on nuclear power, yet in the wake of the 2011 Fukushima disaster in Japan and a more recent domestic…

Richard Branson’s Renewable Fuel, Butanol, Prepares for US Debut

Richard Branson’s Renewable Fuel, Butanol, Prepares for US Debut

Jan 29, 2014 at 16:43 | James Burgess

Butanol is a renewable biofuel that is set to debut at US pumps next year, and hopes to challenge ethanol’s dominance of the $26 billion market.Just as with…

Seabed Carpet to Generate Huge Amounts of Energy from Waves

Seabed Carpet to Generate Huge Amounts of Energy from Waves

Jan 29, 2014 at 16:40 | Charles Kennedy

Reza Alam, an assistant professor at US Berkeley and expert in wave mechanics, is designing a ‘carpet’ to be laid across the seafloor that will turn the energy from ocean…

London Plans to Use Heat from the Underground to Keep Homes Warm

London Plans to Use Heat from the Underground to Keep Homes Warm

Jan 29, 2014 at 16:38 | Joao Peixe

The London underground is generally a hot and uncomfortable place, warmed by the thousands of commuters, lights, trains, and other such sources of heat. A new scheme plans to put…

Iraqi Energy Sector Threatened by Syrian Spillover

Iraqi Energy Sector Threatened by Syrian Spillover

Jan 28, 2014 at 17:03 | Charles Kennedy

Despite the fact that Iraq is preparing to experience one of its largest ever jumps in oil production output in its history, Hussain al-Shahristani, the Deputy Prime Minister for Energy,…

Tesla Completes Coast-to-Coast Section of Free Supercharger Network

Tesla Completes Coast-to-Coast Section of Free Supercharger Network

Jan 28, 2014 at 17:01 | James Burgess

Tesla’s drive to dominate the world of Electric Vehicles, beginning with the US market, has passed a new milestone after CEO and co-founder Elon Musk last week posted on Twitter…

New Report Blames Oil Price Volatility for Lack of Stable Economic Growth

New Report Blames Oil Price Volatility for Lack of Stable Economic Growth

Jan 28, 2014 at 16:56 | Joao Peixe

A new report for Oxford University has stated that crude oil price volatility is undermining stable economic growth around the world, and that governments must do more to reduce…

Falling Gasoline Prices Hurt Calls to Lift US Oil Export Ban

Falling Gasoline Prices Hurt Calls to Lift US Oil Export Ban

Jan 28, 2014 at 16:54 | Joao Peixe

The battle by some oil companies in the US to persuade congress to lift the oil export ban that has been in place since the 1970’s oil embargo has hit…

UAE Considers Importing Cheap Shale Gas from North America

UAE Considers Importing Cheap Shale Gas from North America

Jan 27, 2014 at 16:34 | Charles Kennedy

In perhaps the strongest sign of the impact that the North American shale boom is having on the world, the United Arab Emirates, a member of OPEC and the eighth…

TransCanada Pipeline Explodes Leaving 4,000 Canadians without Natural Gas

TransCanada Pipeline Explodes Leaving 4,000 Canadians without Natural Gas

Jan 27, 2014 at 16:32 | James Burgess

The Canadian winter is probably the worst time to lose access to a reliable source of heat and energy, but nearly 4,000 residents in the province of Manitoba are without…

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