Senate Passes Energy Tax Bill Offering Solar Industry a Boost

The Senate has voted to extend the solar and wind tax credits set to expire at the end of this year. The pending expiration and lack of consensus in Congress on renewal has had the renewable energy industry in limbo, uncertain as to how to plan future investment, research and...

Oil price falls as Hurricane Gustav weakens

The price of oil has fallen to below $111 a barrel as Hurricane Gustav weakened on its approach to the US coastline. "A stronger dollar also helped reverse the course for oil prices, which had risen by nearly $3 to over $118 a barrel earlier in the session.Still,...

US climate change bill blocked

US lawmakers have blocked a much-anticipated bill on climate change, after Republicans vowed it would be too expensive for the economy. "A US attempt to establish a system of caps and tax relief to cut carbon emissions has been blocked in Congress.The bill was backed by most...

find the cheapest gas

Information that helps you find low gasoline prices.

Refineries: The Achilles' heel of US oil industry (AFP)

" NEW YORK (AFP) - Despite record profits, US oil majors have built no new refineries on American soil for 30 years, raising the country's dependence on foreign supplies and making it vulnerable to even small accidents and bad weather. Standing in Garyville, Louisiana, the...

Wisdom of the East

"So, it is not correct to say that oil prices go up because of shortage or war. The fact is that there is more production of oil today than was the case some 10 years ago. The production is going up, the consumption is going up, but refinery capacities are not increasing in a...