Archive for the 'Energy' Category
Oil Could Be On Brink Of Terrifying Move Higher
November 5th, 2010Warning: This is not a recommendation to buy sell or hold any financial instrument. A bit over a week ago, I wrote, “Either that USDX support I’ve been mentioning holds, or we could see oil back over $100 in a few weeks.” That support is, as of now, fully breached to the downside. And you […]
Panasonic Invests in Tesla
November 4th, 2010Via: Reuters: Tesla Motors has just picked up a $30 million investment from Japanese electronics giant Panasonic. The two companies announced late on Wednesday that Panasonic — a preferred battery cell supplier for Tesla’s electric vehicles — has bought a $30 million stake in the Palo Alto, Calif.-based car maker. Panasonic made the investment through […]
South Africa Plans World’s Biggest Solar Power Project
October 31st, 2010Via: AFP: South Africa’s plan to build what could become the world’s biggest solar project has drawn keen interest from investors even though it is still in its infancy, an official said Friday. More than 400 investors and solar industry insiders from around the world converged on the town of Upington in South Africa’s arid […]
Halliburton Knew Cement it Mixed for BP’s Well Was Unstable
October 29th, 2010Via: Bloomberg: Halliburton Co. may face increased liability in the Gulf of Mexico oil spill after the staff of a U.S. presidential panel said the contractor knew cement it mixed for BP Plc’s well was unstable. The staff of the National Commission on the BP Deepwater Horizon Oil Spill said documents provided by Halliburton showed […]
Chinese Investment Soars in Brazil; Mainly Related to Oil
October 26th, 2010Via: AFP: Chinese investment in Brazil is expected to reach 30 billion dollars this year, according to observers — a sum aimed at securing access to the Latin American nation’s oil and other resources. The inflow has been sudden, and dramatic. “Up to the end of last year, the amount of Chinese investment in Brazil […]
France: Pension Protests Crimp Fuel, Transport
October 19th, 2010Via: Bloomberg: French refineries remained shut, trains were on half service, schools closed and gas stations ran dry as unions held their fourth strike in two months against President Nicolas Sarkozy’s plan to raise the retirement age. Government ministers said France has enough fuel to last several weeks and that they’ll continue to use police […]
Not The Onion: Germans Selling 100 Watt Incandescent Light Bulbs as Mini Heaters, “Heatballs”
October 18th, 2010Via: Reuters: A German entrepreneur is bypassing a European Union ban on light bulbs of more than 60 watts by marketing his own brand as mini heaters. Siegfried Rotthaeuser and his brother-in-law have come up with a legal way of importing and distributing 75 and 100 watt light bulbs — by producing them in China, […]
France to Run Out of Fuel in Days as Strikes Escalate
October 18th, 2010Via: Independent: Petrol pumps could run dry in France by Wednesday, experts warned yesterday, as the stand-off over pension reforms reached crisis point. Airlines advised pilots to refuel abroad and UFIP, the country’s oil industry association, said that if strikes continued at all 12 of France’s refineries, then national shortages would follow. Christine Lagarde, France’s […]
Super Soaker Inventor May Hold the Key to Affordable Solar Power
October 13th, 2010Take this graph into consideration as you read the piece below. Via: The Atlantic: From his childhood in segregated Mobile, Alabama, to his run-ins with a nay-saying scientific establishment, the engineer Lonnie Johnson has never paid much heed to those who told him what he could and couldn’t accomplish. Best known for creating the state-of-the-art […]
Google to Invest in Offshore Wind Power Project
October 12th, 2010Via: AP: Google is investing in an extensive network of deepwater transmission lines worth billions for future wind farms off the East Coast, the company said Tuesday. The transmission lines, which could cost up to $5 billion over the next 10 years, would run as far as 20 miles offshore from Virginia to New Jersey. […]
