Last weekend President Hugo Chavez announced with great fanfare that Venezuela’s state-owned oil company, Petroleos de Venezuela SA (PDVSA), had signed an agreement with China National Petroleum Corporation (CNPC) to develop part of the Orinoco heavy crude area for which they had given Venezuela a $20 billion loan. As usual …
President Obama announced today that the administration will open access to waters for offshore drilling in the Atlantic and eastern Gulf of Mexico. While the president should be commended for allowing oil and natural gas exploration and development in untouched water, the devil is in the details. Part of the …
The Saudi Interior Ministry announced yesterday that it had uncovered a plot to attack Saudi oil facilities and arrested 113 suspected members of al-Qaeda. The 113 militants reportedly were organized into three cells and had been planning suicide attacks on oil and security facilities in Saudi Arabia’s oil-producing Eastern Province. …
Chris Horner from the Competitive Enterprise Institute is at it again, doing his best Sherlock Holmes imitation. After a Spanish study warned that renewable energy policies destroy more jobs than they aim to create, the Department of Energy released a strong rebuttal, claiming the report lacked rigor. A CEI-submitted Freedom …
As recent as last summer an article in The Independent, citing assessment from the lead economist at the International Energy Agency (IEA) warned that “The world is heading for a catastrophic energy crunch that could cripple a global economic recovery because most of the major oil fields in the world …
With wind, solar and geothermal receiving much of the government handouts when it comes to energy production, biomass is back in the game after the Senate Finance Committee unveiled its tax extender plan, which includes a $100 million in production tax credits for biomass energy as part of a larger …
