Energy

Google Purchases a $200 Million Stake in a Wind Farm in Texas

January 10, 2013

“The 161 megawatt Spinning Spur Wind Project in Oldham County, Texas, generates enough energy to power more than 60,000 homes, the search giant said.”

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Iran: Oil Exports Have Decreased by 40% Due to Western Sanctions

January 7, 2013

“Iran’s oil exports have plummeted by 40 percent as a result of harsh Western sanctions targeting the country’s nuclear program, the country’s oil minister admitted Monday. Tehran previously denied the sanctions were having any meaningful impact.”

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Royal Dutch Shell PLC Oil Drilling Ship Went Aground on an Alaskan Island in the Arctic Ocean

January 3, 2013

“The grounding of a petroleum drilling ship on a remote Alaska island has refueled the debate over oil exploration in the U.S. Arctic Ocean, where critics for years have said the conditions are too harsh and the stakes too high to allow dangerous industrial development.”

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Whistleblowers: United States Nuclear Regulatory Commission Covering Up Nuclear Power Plant Security Flaws

December 4, 2012

“Two nuclear power whistleblowers have publicly accused the Nuclear Regulatory Commission of taking steps to cover up dangerous shortcomings at American power plants.”

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U.S. Senate Eliminates NDAA Restrictions That Would’ve Limited the Military’s Use of Biofuels

November 29, 2012

“The Senate voted 62-37 to remove language in the National Defense Authorization Act that would have barred the military from buying the controversial alternative fuels if they cost more than petroleum.”

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President Goodluck Jonathan: Nigeria risks a Credit Ratings Downgrade if the country’s proposed Oil Price Benchmark fails

November 19, 2012

“Nigeria will be at increased risk of inflation and currency depreciation if a higher oil price than proposed by Jonathan’s administration is adopted, Finance Minister Ngozi Okonjo-Iweala said last month.”

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Oil Rig explodes in the Gulf of Mexico off the coast of Louisiana; 4 in critical condition, 2 missing

November 16, 2012

“The platform is for oil production from an established well, unlike the Deepwater Horizon rig, which was drilling an exploratory well for oil giant BP in mile-deep water when it blew up and triggered a massive oil spill in 2010.”

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United States set to overtake Saudi Arabia and Russia as the World’s #1 Energy Producer

November 13, 2012

“In an indication of how “fracking” is reshaping the global energy picture, the International Energy Agency today projected that the United States will overtake Saudi Arabia as the world’s largest oil producer by 2017.”

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Moody’s Investors Services: President Obama will approve the Keystone XL Pipeline

November 12, 2012

““We believe the White House will reverse course and approve the Keystone XL pipeline, which would ship crude from Canada’s western oil sands to the Gulf Coast,” the ratings agency said.”

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Major Gasoline Shortages in New York and New Jersey could continue for a week

November 1, 2012

“The problem is not gasoline supplies, but the ability to distribute it, especially from the critical terminal area around Linden, N.J., which lost power and was hit by storm surge.”

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Coal miners at the American Energy Corp. Century Mine to President Obama: Stop the War on Coal

October 15, 2012

“Miners gathered Friday afternoon to express their opposition to Obamas energy and environmental policies, which they believe threaten their jobs.”

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Drudge Report takes story about Gasoline Shortage out of context

October 6, 2012

The Drudge Report presumably means that gas stations have, across an entire state, seen a shortage of supply of gasoline that has forced many gas stations to run out of gasoline and temporarily close. However, this couldn’t be further from the truth.

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Euro depreciates and the Price of Oil falls over uncertainty related to Spain’s Bailout

September 30, 2012

“An independent audit on Friday showed Spanish banks will need a total of 59.3 billion euros ($76.3 billion) in extra capital to beef up their strength.”

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President Obama blocks Chinese Company from building Wind Turbines near a Navy Base in Oregon

September 29, 2012

“US President Barack Obama on Friday blocked a Chinese company from building wind turbines close to a Navy military site in Oregon due to national security concerns.”

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Iran’s Oil Minister: The cost of crude oil should be at least $150 a barrel

September 16, 2012

“Mohammad Ali Khatibi, who represents Iran on the board of governors of the Organization of the Petroleum Exporting Countries (OPEC) [said] that even price-sensitive consumers saw $100 a barrel as fair.”

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