The Obama administration says progress has been made in reducing Americans’ reliance on foreign oil, but that high gas prices are a “painful reminder” that more needs to be done. That position was put forward in a statement issued by the White House Monday, as the president received a one-year progress report on efforts to […]
Obama Touts Energy Progress as Approval Rating Drops
Posted March 12th, 2012 at 11:15 am (UTC-5)
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Obama Calls for More Clean-Energy Vehicles
Posted March 7th, 2012 at 3:05 pm (UTC-5)
U.S. President Barack Obama is calling for production of more clean-energy vehicles and tax incentives to boost their use as American motorists pay more to fuel their automobiles. Mr. Obama Wednesday made the election-year pitch during a visit to North Carolina, where he toured a truck manufacturing plant that produces alternative fuel models. He noted […]
Obama Takes Aim at Gas Companies, Rising Prices
Posted March 1st, 2012 at 2:55 pm (UTC-5)
U.S. President Barack Obama is taking aim at oil and gas companies, saying they are profiting even as consumers pay more to drive their vehicles and heat their homes. President Obama Thursday called on lawmakers to end $4 billion in subsidies for the oil and gas industry, saying companies are making record profits despite instability […]
US Envoy to Visit Africa on Energy Trade Mission
Posted February 2nd, 2012 at 1:10 pm (UTC-5)
The top U.S. envoy to Africa will lead a two-week mission to the continent to promote U.S. investment in large-scale energy projects. Assistant Secretary of State for African Affairs Johnnie Carson will travel with executives from U.S. companies to five African countries beginning Monday. The group will visit Mozambique, Tanzania, Kenya, Nigeria and Ghana during […]
Reports: Japan’s TEPCO to Receive Massive State Bailout
Posted January 26th, 2012 at 7:15 am (UTC-5)
News reports say the Japanese government is prepared to bailout the owner of the crippled Fukushima nuclear plant for $13 billion. Tokyo Electric Power Company officials are negotiating with the government-backed Nuclear Damage Liability Facilitation Fund about its offer to purchase a two-thirds share in the company, a move that would effectively nationalize the privately-run […]
Reports: Japan’s TEPCO to Receive Massive State Bailout
Posted January 26th, 2012 at 4:00 am (UTC-5)
News reports say the Japanese government is prepared to bailout the owner of the crippled Fukushima nuclear plant for $13 billion. Officials with the Tokyo Electric Power Company are negotiating with the government-backed Nuclear Damage Liability Facilitation Fund over the fund’s demand to purchase a two-thirds share in the company, a move that would effectively […]
UN Chief Spotlights Africa’s Energy Needs
Posted November 21st, 2011 at 5:30 am (UTC-5)
U.N. Secretary-General Ban Ki-moon says ensuring people in Africa have access to reliable, efficient and affordable energy sources needs to be a priority. The U.N. chief said in a statement marking Sunday’s Africa Industrialization Day that a lack of energy access is a major hurdle for the continent’s social and economic development. Mr. Ban said […]
IEA: Grim Prediction For World Energy Costs, Climate Change
Posted November 9th, 2011 at 11:00 am (UTC-5)
The International Energy Agency says the world could face “viciously” higher prices and greater risk of climate change unless there are major changes in the way nations, companies and consumers use energy. Wednesday’s IEA report predicts that energy demand will grow 40 percent by 2035, which could push the price of a barrel of oil […]
IEA: Grim Prediction For World Energy Costs, Climate Change
Posted November 9th, 2011 at 10:40 am (UTC-5)
The International Energy Agency says the world could face “viciously” higher prices and greater risk of climate change unless there are major changes in the way nations, companies and consumers use energy. Wednesday’s IEA report predicts that energy demand will grow 40 percent by 2035, which could push the price of a barrel of oil […]
China, India to Spur Global Energy Demand Through 2035
Posted September 19th, 2011 at 2:15 pm (UTC-5)
A new U.S. report says that the global demand for energy will spike markedly in the next two decades, with China and India accounting for half of the growth. The U.S. Energy Department said Monday that the world energy demand will jump 53 percent by 2035, and that by then China and India combined will […]
