Japanese energy strategy: Hawaiian shirts
The Japanese government is introducing a “Super Cool Biz” campaign that advocates wearing Hawaiian shirts, T-shirts and sandals to work as a way to save electricity this summer. (Via W$J) More »
Pemex sues U.S. firms for buying smuggled fuel
A Petroleos Mexicanos unit claims claims businessmen from Texas and Utah conspired with Mexican drug cartels to smuggle and re-sell more than $300 million in natural gas liquids to 11 companies in the U.S. More »
Japan’s prime minister faces no-confidence vote over nuke crisis
Japan’s unpopular leader Naoto Kan refused to resign Wednesday as opposition lawmakers criticizing his management of the Fukushima Dai-ichi disaster prepared to file a no-confidence motion. More »
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Don’t hold your breath on Texas frac rules. CFTC’s tough row to hoe. Big battery bet. More »
Iranian lawmakers challenge Ahmadinejad over oil ministry
Members of parliament voted to take Mahmoud Ahmadinejad to court, saying the president’s move last month to declare himself caretaker oil minister violated Iran’s constitution. More »
Shale gas drilling suspended in U.K. after earthquakes
Scientists recorded a 1.5 magnitude quake Friday in northwest England, within 1.2 miles of a Cuadrilla Resources gas exploration site. A 2.3 magnitude quake was recorded last month. The company has halted hydraulic fracturing at the site to study data from the quakes. More »
Texas’ new fracturing disclosure rules may take awhile
Lawmakers passed a bill requiring disclosure of most of the chemicals used in hydraulic fracturing. It may be up to two years before the law takes full effect, as the Texas Railroad Commission has to write the rules and submit them to public comment. More »
Texas should be ready for peak summer power demand *update*
The state’s electric grid should be primed for summer, state officials said while predicting a peak demand well below last summer’s record. More »
Court rejects bid to halt Massey Energy sale
The West Virginia Supreme Court ruling comes one day before the proposed $7.1 billion sale to rival coal producer Alpha Natural Resources is set to close, pending votes by shareholders of both companies. More »
New York sues feds over nat gas drilling in Delaware River Basin
The state argues that federal agencies didn’t fully review the health and safety impact of hydraulic fracturing in the area, which includes New York City’s watershed. More »
Oil settles above $102 as Greece aid package bolsters euro vs. dollar
Crude rose 2.1 percent on news that European Union leaders will decide on a new Greek aid package by the end of June. Prices also advanced after TransCanada Corp. shut the Keystone pipeline that sends Canadian oil to the U.S. More »
Saudi-Iran feud draws sectarian line amid mideast oil fields
The Persian Gulf, home to three-fifths of the world’s oil reserves, has largely escaped the violence of uprisings in Egypt, Libya and other countries this year. But Bahrain’s Saudi- backed rulers are using force to suppress an opposition that mostly shares Iran’s Shiite faith — exacerbating a rivalry between the region’s two most powerful and oil-rich countries. More »
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