Crude oil traded above $86 a barrel because of concern Turkey may attack Kurdish militants in Iraq and disrupt shipments. Turkish Prime Minister Erdogan asked lawmakers to approve military action against rebels in Iraq, holder of the world
This year, GreenFuel completed tests of its patented technology at Redhawk Power Station near Phoenix, Arizona. The technology addresses one of the tricky aspects of algae production.
For the future of energy production note, Stan Meyer's patent expired July this year and already two working models have been produced by open source engineering www.h2earth.com
Your next laptop could have a continuous power battery that lasts for 30 years without a single recharge thanks to work being funded by the U.S. Air Force Research Laboratory. The breakthrough betavoltaic power cells are constructed from semiconducto
Henry Kissinger echoes this view in his op-ed. "Iran has legitimate aspirations that need to be respected," he writes -- but those legitimate aspirations do not included control over the oil that the US and other industrial countries need.
Crude oil prices jumped above $84 a barrel late on Thursday after production platforms in the Gulf of Mexico were shut down ahead of a threatened tropical storm.
Crude oil rose for a third day to more than $82 a barrel in New York on speculation a U.S. interest rate cut will bolster demand for fuel. The Federal Reserve lowered its benchmark interest rate by a half point, more than economists predicted, to hel
Both Norwegian oil company Statoil and Norsk Hydro have struck more oil in territorial waters of the North Sea. It's not clear how much oil is involved. Norway's oil directorate reported Monday the Statoil found oil in a well that lies
U.S. light crude for October delivery was up $1.59 at $79.82 per barrel at 2:07 p.m. EDT after setting a record high of $80.00 a barrel earlier. London Brent crude was up $1.35 at $77.73 a barrel. Crude oil stocks in top consumer the United States
US researchers said Monday that they have invented a super lightweight, flexible, biodegradable battery in the form of a piece of paper in a development that is sure to create a buzz among makers of consumer electronics.
World oil prices are headed for $100 per barrel, Venezuelan President Hugo Chavez predicted, and said he will cut supplies to the United States if the U.S. government "attacks" the South American nation again. "I've always said tha
Iraq hopes to call an open race as early as September for its prized oilfields, the country's oil minister said on Thursday after talks in Moscow dashed Russian hopes to get a slice of oil reserves on preferential terms. Hussain al-Shahristani t
The United States should consider implementing a European-style gasoline tax if it hopes to deal with energy security and global warming, the head of Ford Motor Co. said.
Iraqis oppose plans to open the country's oilfields to foreign investment by a factor of two to one, according to a poll released today. Iraqis are united in this view: There are no ethnic, sectarian, or georgraphical groups that prefer foreign
Declaring a new direction in energy policy, the House on Saturday approved $16 billion in taxes on oil companies, while providing billions of dollars in tax breaks and incentives for renewable energy and conservation efforts.
The $100-a-barrel oil that Goldman Sachs Group Inc. said would prevail by 2009 may be only a few months away. $95 crude is likely this year unless OPEC unexpectedly increases production, and declining inventories are raising the chances for $100 oil
Oil refineries across the country have been plagued by a record number of fires, power failures, leaks, spills and breakdowns this year, causing dozens of them to shut down temporarily or trim production. The disruptions will drive gasoline prices to
At 10am on April 4, 2001, representatives of 13 environmental groups were brought into the Old Executive Office Building for a long-anticipated meeting. Since late January, a task force headed by Vice President Cheney had been busy drawing up
The price of oil jumped to an 11-month high yesterday, moving even closer to record levels hit last summer as fears mounted over shortages in supply.
Iran asked Japanese refiners to switch to the yen to pay for all crude oil purchases, after Iran's central bank said it is reducing holdings of the U.S. dollar. [Ah, so!]
After months of doubt over claims of a magnetic machine promising "infinite clean energy," Steorn will be putting their wares on display for public scrutiny in London. A physics defying perpetual machine, if you will. Starting tomorrow, rum
Exxon Mobil Corp. and ConocoPhillips refused to sign deals Tuesday to keep pumping heavy oil under tougher terms in Venezuela's Orinoco River basin, signaling their departure from one of the world's largest oil deposits.
Many Democrats think price gouging should be a federal crime. They've included a provision in the energy bill that would make it illegal to reap "excessive" profits at the pump in times of a national energy emergency.
The Senate pressed ahead with a Democrat-driven rewrite of American energy policy that would strip nearly $15 billion in tax breaks from large companies and put the money toward making energy from clean, renewable sources like wind, solar and soybean
What will it take to solve the problems of "Peak Oil", economic stagnation, and the "Clash of Civilizations"? Author Brian Bloom thinks he has a good idea... actually several ideas that he is laying out in a new novel. But he woulEntered By: Mike Dugger
The farmer, standing in a field of tall grass, talked like an oilman. The grass was waist-high as John Caveny held out a business card with his little printed in green: "Biomass Energy Wildcatter." He compared the potential energy produc
Called "splash and dash," "touch and go," or an unfair trade practice, it features biofuels traders who exploit a US tax credit, European drivers who get cheaper diesel fuel, and American taxpayers, who are footing the bill.
Physicists have developed a way to turn heat into sound and then electricity, suggesting a new way to effectively recycle waste energy. “We are converting waste heat to electricity in an efficient, simple way by using sound,” said the scientis
Gas prices are spiking again -- to an average of $3.22 a gallon, and close to $4 a gallon in many areas. And some oil executive are now warning that the current shortages of fuel could become a long-term problem, leading to stubbornly higher prices
Decrying near-record high gasoline prices, the House voted Tuesday to allow the government to sue OPEC over oil production quotas. The White House objected, saying that it might disrupt supplies and lead to even higher costs at the pump.