Annual federal spending for all energy research and development is less than half what it was 25 years ago. It has sunk to $3 billion/yr. Meanwhile, medical research is $28 billion/yr and military research is more than $75 billion. Hmmm
OPEC agreed on Friday to curb its output by 1.2 million barrels per day, its first cut for more than 2 years, to halt a precipitous fall in prices. The reducation, amounting to 4.3 percent of OPEC's September production, was deeper
Politics and worries about oil supplies may have caused gasoline prices to go up at the pump earlier this year, but one big investment bank quietly helped their rapid drop in recent weeks, according to some economists, traders and analysts.
When a commodity or a stock moves fast we tend to get very excited. We hope to discover whether or not it has made some kind of quantum leap or is just part of a long term trend. So what the heck is happening to crude oil? Is this a slip? A corre
A new battery that uses a tiny gas turbine engine could make charging that mp3 player every day a thing of the past, that is once scientists figure out how to make it all work. The teensy turbine, placed in a silicon chip roughly the size of a qua
Windmills that would float hundreds of miles out at sea could one day help satisfy our energy needs without being eyesores from land, scientists said today. Offshore wind turbines are not new, but they typically stand on towers that have to be dri
The world has tapped only 18 percent of the total global supply of crude, a leading Saudi oil executive said, challenging the notion that supplies are petering out. [In time for the elections.]
The technology resembles the ultrasounds used by doctors to inspect a woman's womb. But a team of scientists are using it to map rocks deep below the Earth's surface to hunt for oil and gas.
OPEC President Edmund Daukoru said he was very concerned by the fall in oil prices and it presented the exporter group with issues to discuss at its meeting on Monday. "We are more or less on autopilot, we are going to manual control."
Russia, Greece, and Bulgaria agreeed yesterday to end years of disputes and launch a long-delayed trans-Balkan oil pipeline that coudl strengthen Moscow's grip on the energy market in the Mediterranean region. Russian President Vladimir Putin
Talk show hosts, elected officials, and just every day common individuals are constantly crying for the U.S. economy to be less dependent on imported oil and shift America’s reliance on energy to renewable energy supplies and technologies thereby cle
Statistics recently published by the oil cartel OPEC show that Russia is currently extracting more oil that Saudi Arabia, making it the biggest producer of "black gold" in the world, the British Financial Times reported on Wednesday, Aug 23
Argentina announced an ambitious plan Wednesday to expand its nuclear program to meet rising energy demands, including extending the life of existing plants and possibly resuming uranium mining. At a Government House news conference
Where does all electromagnetic (EM) field energy and all EM potential energy come from in the first place?
Researchers are studying whether microbes can be manipulated by science to expand the life of coal-bed methane wells in the Powder River Basin of Montana and Wyoming. So far, results look "very promising," said Seth Snyder, a researcher at
Russian authorities probably will soon finish an overhaul of regulations governing oil and gas production, opening the way for new investment
A small quantity of highly enriched uranium has been lost in New Jersey, and likely disposed of in New York or Pennsylvania.
McCarthy, a founder of Steorn in 2000, said the company discovered the technology while using magnets to try to devise more efficient wind generators. "We put in a small amount of mechanical energy and we get a large amount out ... but until thi
Filling up the car at the gas station could take a few seconds longer in future -- to deduct points from your personal "greenhouse gas" ration card. Issuing every citizen with an electronic card to encourage them to reduce energy use is one
Shanghai Petroleum Exchange, China's first bourse for the spot transaction of oil products, formally opened on Friday. The exchange, located in the Pudong New District, began trading in gasoline and will trade bitumen, methanol and glycol in the
Oil prices briefly dipped below $70 a barrel during trading for the first time in almost 2 months after a wave of good news in the Middle East and from an Alaskan oil field.
India warned the US Congress not to tinker with a controversial civilian nuclear cooperation deal and said it would not accept any significant changes to the agreement. Prime Minister Manmohan Singh, who sat through most of a seven-hour angry parlia
Firms have less of an incentive to care for their property. When the government intervenes to protect a handful of large oil producing firms, it creates a domestic version of OPEC.
The price of crude oil enjoyed a record-breaking runs higher this week beyond 78 dollars per barrel, while many other commodities were lifted by escalating violence in the Middle East. Gold climbed alongside other precious metals, owing to their safe
A group of Russian scientists at the oil and gas research institute of the Russian Acadmey of Sciences, led by Azary Barenbaum, have come up with a new explanation of the nature of oil and gas formation. They argue that huge reserves of hydrocarbons
There are those who take an opposite tack from the advocacy groups, seeing the Queens debacle as indicative of insufficient deregulation. Jim Lesczynski, the Libertarian Party candidate.
[ARCO] BP discovered corrosion so severe that it will have to replace 16 miles of pipeline at the huge Prudhoe Bay oil field work that could shut down the nation's single biggest source of domestic crude for months and drive gasoline prices even
A powerful indictment of the use of commercial nuclear power and demand it be abolished.
The March spill also brought heightened scrutiny by regulators, who required BP to use high-tech tests to check its pipelines for corrosion.
[It ain't bragging if you can do it.] Global oil prices could hit $200 per barrel if the United States pursues international sanctions against Iran, an Iranian official said, although analysts passed the comment off as saber rattling.