Energy & Resources

energy

Bailout bill passes, extends renewable energy tax credits

The new legislation extends the production tax credit for wind energy for one year, and for solar, biomass and hydropower for two years. It also includes tax credits for people who buy plug-in cars and includes an eight-year extension for investment tax credits for people to install small-scale wind equipment or solar energy equipment. As a result, some solar industry stocks are already on the rise.

Unlike the current tax credits, the new bill allows not only residences and businesses, but also utilities to take advantage of the incentives.

03 Oct 2008

The Thirsty Dragon and the Wealthy Bear

How China, Russia and High Oil Prices Influence Global Dynamics

It’s a brave new world. China and Russia are changing the terms of energy geopolitics, and in the process, changing everyone’s place in the world.

30 Sep 2008

The art of un-legislating

Taking public approval ratings at face value, it would be easy to conclude that the legislative branch of our government is motivated by an unfortunate blend of incompetence and arrogance. Certainly the repeated and well-documented failures of Congress to act on issues of national significance and its tendency to substitute rhetoric and pork barrel spending for meaningful action provide ample fodder for this well-worn reputation.

30 Sep 2008

Congress lets bans on outer continental shelf drilling expire

In July, President Bush lifted the executive ban on outer continental shelf (OCS) drilling, putting pressure on Congress to follow suit.

In the face of increased fuel costs and a weakened economy, lawmakers in both chambers have demonstrated a willingness to compromise on the issue. The House was able to pass a compromised energy bill on Sept. 16, by a vote of 236 to 189. The legislation would allow drilling 160 kilometers (100 miles) from shore and would provide states the option to drill 80 to 160 kilometers (50 to 100 miles) from their own coasts.

25 Sep 2008

Brazil says 'no thanks' to OPEC

I didn't know you could do that. 

Back in August, Iran had invited Brazil to join OPEC, but Brazil declined, saying it had "other priorities." And now, Saudi Arabia has invited Brazil into the cartel.

17 Sep 2008

Oil industries escape Ike's wrath

Hurricane Ike’s damage to Gulf Coast oil industries was not as bad as authorities had feared, the Department of Energy stated in a report released Monday.

17 Sep 2008

Energy's the hot topic this week on the Hill

UPDATE: The House energy bill, which will allow offshore drilling and gives states incentives by sharing the revenues from drilling leases with them, passed yesterday (Sept. 16). The Senate bill is still pending, but a vote is likely sometime this week.

 

16 Sep 2008

Houston avoids worst of Ike; gas prices jump

Hurricane Ike roared into southeastern Texas early Saturday morning as a strong Category-2 storm, with 170 kilometer-per-hour (110 mph) winds. But due to a last-minute veer to the east, the populous region between Galveston and Houston narrowly avoided the worst of the storm.

Meteorologists had feared the region would encounter the “dirty side” of Ike, a nickname for the hurricane’s northeast quadrant that combines the speed of its overall northeasterly movement with the powerful winds of Ike’s counterclockwise spin.

13 Sep 2008

Around the world in the Solar Taxi

We can build it. We have the technology.

One thing you can say about the Solar Taxi is that it’s eye-catching. I showed pictures of it from a press conference Wednesday to my co-worker. “Hey, I saw that on the street this morning and wondered what it was,” she says. “That’s the solar car?”

04 Sep 2008

A whale of a wind turbine

According to conventional wisdom, things that need to move efficiently through air or water should be sleek and streamlined. Dolphins, jets and Olympic swimmers stick to this rule, but humpback whales, with their massive knobby-edged flippers, buck the trend.

28 Aug 2008

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