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Energy Prices May Slide Further After Consolidation

12 hours ago ago from Alan's Finance Blog

Slump in energy prices stabilizes in European session. WTI crude oil recovers to 74 after plunging to as low as 73.53 earlier in the day. Heating oil and RBOB gasoline also edge higher after falling for 4 days. However, as demand outlook remains dismal and official view on US' economic development is far from optimistic, energy prices may weaken further in the near-term. From recent comments by OPEC members, we are almost certain that ...

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ExxonMobile Paints Pessimistic Picture Of Renewable Energy

7 hours ago ago from TechPulse 360

The world’s largest oil company claimed Tuesday that the world will need to spend trillions of dollars to satisfy its thirst for energy during the next 20 years, but that renewable sources, such as solar and wind, will play only a small role. ExxonMobile’s decidedly pessimistic assessment of the role of renewable energy came in report entitled “Outlook for Energy: A View to 2030.” In it, the company said the use of solar, wind ...

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Renewable Energy Resources versus Fossil Fuels

5 hours ago ago from Stop Global Warming

Renewable Energy Resources versus Fossil Fuels by: Bryan Wong In modern western world the demand for energy has increased dramatically in the past century and it will grow even further and harder in the near future than ever before. The need for energy rises with upcoming markets that also need more energy. Energy is needed for cars, buses, and other means of transportation, but also to run our appliances and provides us light. Energy is ...

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Building Resilience

19 hours ago ago from Ea O Ka Aina

SUBHEAD: Helping all of our communities become more resilient in the face of peak oil, climate change, and economic contraction. Image above: Projects presented by the www.BayLocalize.org website. By Aaron Lehmer on 5 December 2009 in Earth Island Institute - ( http://www.earthisland.org/journal/index.php/eij/article/bay_localize ) The current economic downturn is the worst in decades. Millions are suffering devastating losses ...

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Drumbeat: December 8, 2009

13 hours ago ago from The Oil Drum - Discussions about Energy and Our Future

OIL: A Market Psychology of Fear? VANCOUVER, Canada (IPS/TerraViva) - With or without a binding deal at the climate talks in Copenhagen this month, it seems the world may have to cut its oil consumption, as emerging geological and economic trends limit the availability and affordability of petroleum. Back in the 1970s, Saudi Arabia's flamboyant oil minister Sheik Ahmed Zaki Yamani articulated what has become conventional wisdom for ...

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Crude prices fall for fifth straight day

11 hours ago ago from Good News Now

NEW YORK -Oil prices dipped below $73 a barrel Tuesday on a stronger dollar and a slew of economic data that did not indicate a quick rebound in demand from big energy users or from consumers. Reports from Britain and Germany showed that international manufacturing remains weak. And U.S.-based economists noted that while America's jobless numbers improved last week, that doesn't necessarily mean consumer spending or energy consumption will ...

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BBC News - Price of oil falls for fifth day in a row

3 hours ago ago from BBC

Oil prices fell by more than $1 a barrel Oil prices have fallen for the fifth day in a row, weighed down by a stronger US dollar and amid concerns over demand. Prices dropped after the US Energy Information Administration lowered its forecast for global oil demand in 2010. The dollar also gained against a basket of currencies, making oil - which is priced in dollars - more expensive for holders of other units. US crude oil ...

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Cash for Caulkers could seal $12,000 a home

5 hours ago ago from CNN Money

Geoengineering, or deliberately tinkering with the earth's climate, could help if global warming proves disastrous for mankind, but the ideas are untested and the risks unknown. NEW YORK (CNNMoney.com) -- President Obama proposed a new program Tuesday that would reimburse homeowners for energy-efficient appliances and insulation, part of a broader plan to stimulate the economy. The administration didn't provide ...

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Large-Scale LNG Projects Needed to Meet Global Natural Gas Demand

15 hours ago ago from PopEater

Large-scale liquefied natural gas (LNG) projects will be necessary to meet increasing global demand for natural gas, Tom Walters, president of ExxonMobil Gas and Power Marketing Company, said today at a panel presentation at the International Petroleum Technology Conference (IPTC) in Doha. Walters joined a group of industry leaders in a panel entitled: “The Global Gas Outlook: New Gas Chains.” Presenting information from ExxonMobil’s 2009 ...

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Exxon Says Trillions Needed For Energy Projects - FOXBusiness.com

12 hours ago ago from FOX Business

Existing users please login User Name: Password: Remember me on this computer Home / Markets / Industries / Energy Tuesday, December 08, 2009 Exxon Says Trillions Needed For Energy Projects   By Steve Gelsi MarketWatch Pulse   NEW YORK - Exxon Mobil ...

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