Memo to Geithner: The U.S. is one of those major developed economies with substantial oil reserves. Oh, and don’t forget to pay your taxes this year. Bloomberg (3/8/11) reports: Major oil producers and consumers are well-placed to respond to any shortfall in supplies resulting from the crisis in Libya, U.S. Treasury Secretary Timothy Geithner stressed Tuesday…Oil prices have spiked higher recently as a result of the Libyan uprising and fears of...
Continue Reading...

Wanna bet the Queen won’t have to change her own behaviour? Financial Post (3/5/11) reports: Electricity consumers in the UK will need to get used to flicking the switch and finding the power unavailable, according to Steve Holliday, CEO of National Grid, the country’s grid operator. Because of a six-fold increase in wind generation, which won’t be available when the wind doesn’t blow, “The grid is going to be a very different system in 2020,...
Continue Reading...

Continue Reading...

Don’t worry, there’s always oil in the reserve and also onshore, offshore, and the 97 percent of federal lands we can’t explore Fuel Fix (3/3/11) reports: U.S. oil prices closed above $100 a barrel Wednesday for the first time in more than two years, and might be higher still if the giant storage tanks in this small prairie town northeast of Oklahoma City weren’t so full…Here, at the nation’s main hub for oil storage and distribution, bulging stockpiles of crude are...
Continue Reading...

Sing along! 10,000 Volts on the lot, 10,000 Volts. Take one down, drive it around, 9,999 Volts on the lot Auto Blog (3/2/11) reports: Peruse Chevrolet's February sales release, and you 'll notice one number that's blatantly missing: the number of Chevy Volts sold. The number – a very modest 281 – is available in the company's detailed data (PDF), but it certainly isn't something that GM wants to highlight, apparently. Keeping the number quiet is a bit understandable, since it's...
Continue Reading...

Chu wants to grow green energy demand and plans on using your tax dollars as fertilizer CNET (3/1/11) reports: Energy Secretary Steven Chu is drawing on U.S. history in research and development to advocate for policies to encourage clean energy technology innovation for the future…Chu gave the keynote speech at the ARPA-E Summit here today, saying once again that the U.S. is in a race with China, the European Union, and other countries to create energy products expected to grow...
Continue Reading...

Continue Reading...

Fools Gold: UK learns from the green energy boom and bust in Spain, but will the Obama Administration? Bloomberg (2/27/11) reports: Cornwall, the poorest county in England, said five months ago it expected a “gold rush” of $1.6 billion in solar energy investments. Now, the U.K. government may get in the way…The central government said this month it’s considering cutting incentives and reducing the size of projects, concerned that the above-market rates it...
Continue Reading...

You can't make this up. Soros taps Cathy "I Directed NREL to Attack the Calzada Spanish Green Jobs Study/I Shepherded DOE Cash to My Husbands Company" Zoi to run his green energy hedge fund. Where is the outrage mainstream media? Washington Examiner (2/24/11) reports: So, yeah. The big-government policies advanced by the liberal outfits he funds -- like Center for American Progress -- will enrich the companies in which Soros is investing…But this story gets better…The press...
Continue Reading...

Since it would be too awkward for President Obama to give George Soros money directly, they’ve agreed George would start a clean energy company and Obama would launder the money through subsidies Wall Street Journal (2/23/11) reports: Two of the biggest names in the investing world are teaming up to wager on clean energy...George Soros's Soros Fund Management LLC and private-equity firm Silver Lake are starting Silver Lake Kraftwerk, which will invest in growing companies in...
Continue Reading...