Monthly Archives: June 2012

Oil soars as Europe moves to bolster banks

The price of oil climbed after European leaders took unexpectedly aggressive steps to support the region’s beleaguered banking sector.  More »

Oil is up, but a declining trend could curb shale rush

Although oil prices jumped today after an encouraging European policy decision, a recent trend of declining oil prices could put a damper on rapid shale drilling in the United States, according to analysis from Simmons & Company International.  More »

Spray-on batteries could be a reality in the future

As Apple and other tech designers seek sleeker and ever-more powerful batteries to power laptops and devices, they’re pushing engineers to create unconventional, more space-efficient batteries.  More »

Calculating the Consumer Benefit

Like any other average American, you probably only think about the cost of energy when you’re standing in front of a gas pump or thumbing through your monthly utility bill. But what most consumers don’t often consider is that our energy entails a series of costs and benefits, some of which are beyond our immediate […]  More »

Ackman like Buffett buoyed by fracking in Bakken

Bill Ackman, the largest investor in Canadian Pacific Railway Ltd. (CP), is following Warren Buffett in profiting from growing oil and gas production in North America’s Bakken shale.  More »

Cheniere plans to complete $4 billion in LNG terminal financing

Cheniere Energy Inc., the first company to win approval to export natural gas from the continental U.S., plans to complete as much as $4 billion in financing for the project in the next few days.  More »

Honda tries to boost electric car sales with free insurance

Honda is trying a different method to attract buyers to electric cars by offering free insurance to anyone who purchases a car.  More »

Gas prices could offer drivers road map to summer vacations

The Fourth of July holiday is quickly approaching, meaning millions of Americans will be jumping in a car en route to a beach or some where else.  More »

Federal energy data chief says crude exports would boost economy

The U.S. Energy Information Administration projects domestic crude oil production will grow by as much as 1.6 million barrels per day by 2035.  More »

Scientists researching effect of oil spill on endangered turtles

Ninety-four tiny members of the world’s most endangered sea turtle species struggled across the beach to reach the Gulf of Mexico Thursday as park rangers waved away seagulls looking for a quick meal.  More »

China, Singapore exempted from U.S. Iran oil sanctions

The U.S. said China and Singapore have “significantly reduced” their purchases of Iranian oil, earning exemptions from U.S. financial sanctions that otherwise would have been imposed yesterday.  More »

Venezuelan oil company to drill off Cuba

Venezuela’s national oil company will join in exploratory drilling for crude in deep waters off Cuba, the company’s president said.  More »

BMW extends Toyota cooperation to fuel cells, sports cars

Bayerische Motoren Werke AG (BMW) and Toyota Motor Corp. (7203) will cooperate on developing fuel cells to power and designing components for a future sports car as the automakers expand on their joint work to produce next-generation car batteries.  More »

Fracking can be undertaken safely in U.K., Royal Society says

Hydraulic fracturing, known as fracking, to exploit shale gas reserves can be carried out safely in the U.K. if it’s effectively regulated, according to the Royal Society and the Royal Academy of Engineering.  More »

Verizon joins oil industry to support Obama on sea treaty

Verizon Communications Inc. (VZ), an investor in 80 underwater cable systems, and an industry group for U.S. energy companies have joined President Barack Obama’s administration in support of a global maritime accord.  More »
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