Energy

AAA: Gas prices rose by 5.1% in July

August 1, 2012

“The average price of gas in July was $3.42 a gallon. This was the third-highest average price for July.”

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Power has been restored across India following the country’s historic power outages

August 1, 2012

“Electricity workers struggled to return power to the 20 affected states, restoring most of the system in the hours after the crash. India’s new Power Minister Veerappa Moily told reporters that by Wednesday morning power had been fully restored across the country.”

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President Obama announces another round of new sanctions against Iran

August 1, 2012

“President Obama has signed an executive order that imposes new sanctions on Iran’s energy and petrochemical sectors to prevent the country from getting around existing sanctions.”

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India’s second grid failure in 2 days brings down the country’s power network, leaving over 680 million people without power

July 31, 2012

“The government said power was about 80% restored in north India by late Tuesday evening.”

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Second Major Blackout strikes India, leaving over 670 million people without power

July 31, 2012

“Hundreds of millions of people across India were left without power on Tuesday in one of the world’s worst blackouts when grids collapsed for the second time in two days.”

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Operator of California’s San Onofre Nuclear Power Plant tells state regulators that the damaged reactors may not restart until 2013

July 31, 2012

“A three-month federal probe blamed a botched computer analysis for generator design flaws that ultimately resulted in excessive wear to scores of alloy tubes.”

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Japan hits a record 2.9 trillion yen trade deficit in the first-half of 2012 due to energy shortages

July 28, 2012

“The world’s third-largest economy has averted economic crisis this year largely because of a spike in domestic demand, spurred by reconstruction of the earthquake- and tsunami-devastated northeast.”

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Analysis: The decline of gasoline prices in the United States may be over

July 17, 2012

“Trilby Lundberg said prices may soon enter a period of “comparative stability,” reflecting crude oil price trends and the summer driving season.”

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Iraq: Kurdish oil exports to Turkey by truck are illegal

July 17, 2012

“He said that the oil is the property of all Iraqis and that any exports and revenue collection should be organised by the central government.”

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North Carolina State Rep. Becky Carney (D-Mecklenburg) accidentally casts the deciding vote on oil fracking

July 4, 2012

“Rep. Becky Carney, D-Mecklenburg, says she did not intend to cast the key vote that overrode the governor’s veto of the bill. The vote was 72-47, exactly the number needed for an override.”

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Iran test-fires missiles one day after the European Union implemented its oil embargo against Iran

July 3, 2012

“The three days of war games in the north-central desert area of Semnan province, dubbed the Great Prophet 7, are aimed at testing the precision and efficiency of the Iranian Revolutionary Guard Corps’ warheads and missile system.”

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U.S. Navy unveils the “Great Green Fleet”, the first carrier strike group powered mostly by alternative fuels

July 2, 2012

“In its tanks, the USNS Henry J. Kaiser carried nearly 900,000 gallons of biofuel blended with petroleum to power the cruisers, destroyers and fighter jets.”

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At talks in Moscow, Iran asks the U.S., China, Britain, France, Germany and Russia for “oil sanctions relief”

June 19, 2012

“Iran became more adamant Monday that the world must ease the sanctions choking off its oil sales before it will curb activities that could be used to make nuclear arms, diplomats said.”

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Report: Iran has nearly doubled its stockpile of highly enriched uranium

June 2, 2012

“Iran almost doubled its stockpile of more highly enriched uranium, which is close to weapons grade, in three months from February, in a development that will intensify international alarm over the nature of its program.”

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President Evo Morales completes the nationalization of Bolivia’s electricity by seizing control of its main power grid

May 24, 2012

“President Evo Morales has announced that his government is completing the nationalisation of Bolivia’s electricity sector by seizing control of its main power grid from a Spanish-owned company.”

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