Posts on ‘March 15th, 2008’

A motorist fills the tank of his SUV at a Shell station in southwest Houston. High fuel prices are increasing political pressure on big oil companies. STEVE UECKERT: CHRONICLE As energy costs continue to soar, industry feeling heat in Congress By TOM FOWLER Copyright 2008 Houston Chronicle March 15, 2008, 12:18AM It sounds like an [...]

By Airan Scruby, Staff Writer Article Launched: 03/15/2008 10:06:01 PM PDT Timeline of drilling in Whittier WHITTIER – There’s oil in those hills, and for the first time since 1992, oil wells and holding tanks may again dot the landscape. Last week, city officials announced plans to explore drilling in the Whittier Hills using more [...]

16 March 2008 Oil prices soared to $111 a barrel last week as investors piled money into crude oil as a protection against inflation and share-price turbulence. The traditional way to invest in the oil price is to buy shares in one of the big producers, Shell or BP. However, investment experts are recommending oil-rig [...]

Green business: Technological skill and entrepreneurial instinct must work together to be a success March 16, 2008 Andrew Stone The green energy sector is booming. Concern over climate change, sustainability and energy prices has created the conditions for entrepreneurs to profit as investors jostle to fund green power generation and technologies that cut waste and [...]

By DAVID FUNKHOUSER | Courant Staff Writer March 15, 2008 The federal agency charged with reviewing the Broadwater natural gas project in Long Island Sound could make its long-awaited final decision Thursday in Washington. The controversial project is on the agenda of the Federal Energy Regulatory Commission, and the panel will hear a presentation from [...]

A car passes in front of Imperial Oil’s Dartmouth refinery on Feb. 20, 2008.  ANDREW VAUGHAN/THE CANADIAN PRESS   Despite masses of cash pumped into search for new sources, Big Oil can’t replenish its reserves Mar 15, 2008 04:30 AM Tyler Hamilton Energy Reporter Investors in energy stocks are understandably excited. Record profits, strong demand [...]

Olusegun Obasanjo is still influential in Nigeria’s ruling party Some $2.2bn-worth of Nigerian energy contracts were awarded without a bidding process by the former president and his energy minister, officials say. One was to a company with less than $200 of base capital at the time, a witness told a parliamentary committee. It is investigating [...]

March 14, 2008 Gary Dorsch: Bio & more articles Cleaning up the mess that Mr Greenspan left behind was never going to be easy.

By John Donovan Since we have a regular visitor to our Live Chat facility who is in a state of denial about Shell’s track record in Nigeria, I have put together a collection of articles and other information to enlighten them. The Wall Street Journal: Nigerian Troops Raid Oil Delta Village; 6 Killed EXTRACT: Royal [...]

EXTRACT: Houston-based Shell Oil Co. spokesman L K Herlong said he expects most Florida Shell stations to provide ethanol-blended gasoline by December. Shell will begin offering E10 in southeast Florida next week, he said. By SUSAN SALISBURY Palm Beach Post Staff Writer Saturday, March 15, 2008 South Florida motorists such as salesman Angel Gonzalez of [...]

By Margaret Bauman Alaska Journal of Commerce Web posted Sunday, March 16, 2008 Physical evidence of climate change has been surfacing for years, and it was so gradual that it wasn’t enough to cause alarm in the beginning, said Colleen Swan, tribal administrator for the Native village of Kivalina. There were changes in the timing [...]

With financing from the federal government, large-scale plant would be the first in Canada to use wheat straw to make ethanol SHAWN MCCARTHY GLOBAL ENERGY REPORTER March 15, 2008 OTTAWA — Iogen Corp. said yesterday it is closing in on federal funding that will allow it to build Canada’s first cellulosic ethanol refinery, a $500-million [...]

Posted by Keith Johnson March 14, 2008, 10:45 pm The supply of oil, one of the most crucial elements for all energy choices—renewable or otherwise—is a subject of dispute even among the denizens of the industry. The “peak-oil” debate returned on the final day of The Wall Street Journal’s “ECO:nomics” conference, politely pitting a reluctant [...]

THE NEW YORK TIMES   By JENNY ANDERSON and VIKAS BAJAJ Published: March 15, 2008 The Federal Reserve’s unusual decision to provide emergency assistance to Bear Stearns underscores a long-building concern that one failure could spread across the financial system. Wall Street firms like Bear Stearns conduct business with many individuals, corporations, financial companies, pension [...]

March 15, 2008 Carl Mortished, World Business Editor A closed meeting of big oil companies, Opec and leading commodity exchanges will discuss the upwards spiral of the crude oil price amid mounting concern that the recent surge is not reflecting the slowdown in the global economy. The International Energy Agency (IEA), which will convene the [...]