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Posts Tagged ‘ liquid coal ’

Is This the End of the Oil Bubble?

Jul 17th, 2008 | By Bill Bonner | Category: Featured, Financial News

Today, crude oil prices dropped below $130 a barrel for the first time in six weeks. It is third consecutive day that the black goo has fallen in price.

Crude oil futures for August delivery on the Nymex fell $5.42, or 4 percent, to $129.18 a barrel. Oil prices briefly touched $129 a barrel.

Are we seeing the end of the oil bubble? That depends on whether you think the oil market is in a bubble or is simply reflecting a supply-and-demand imbalance. Bill Bonner says it’s both…



Coal: It’s Filthy, It Pollutes, the US Depends on It

Jul 11th, 2008 | By Greg Gunner Guenthner | Category: Featured, Financial News

Coal. It’s dirty, and burning it generates massive amounts of CO2, which causes global warming. It’s also the America’s main source for power generation.

So what can be done, asks Greg Gunner Guenthner. Are there ways to make it cleaner? Carbon capture technology is a possibility, but it’s years away from being usable.

Oil is another massive polluter, and gets more expensive by the day. Looks like the only option is to invest in sustainable energy – the sooner the better.



European Union Cries Foul Over US Biofuel Subsidies

May 26th, 2008 | By Contrarian Profits | Category: Featured, Financial News

The European Commission is backing a complaint over US biofuel subsidies launched by the European Biodiesel Board.This from the Britain’s The Guardian newspaper:

Washington will be asked this week to answer allegations that subsidies amounting to 11p a litre on B99 [biodiesel with up to 1% petroleum added] exports from the US, plus “splash-and-dash” operations being conducted through the US, represent unfair competition.



Liquid Coal: How the US Military Is Adopting Peak Oil Theory

May 21st, 2008 | By Contrarian Profits | Category: Featured, Financial News

Liquid coal — synthetic fuel produced from coal — could make a big dent in the Defense Department’s energy bill, as it struggles to find alternatives to sky-high crude oil prices.

This from The Wall Street Journal:

With oil’s multi-year ascent showing no signs of stopping — crude futures set another record Tuesday, closing at $129.07 a barrel in New York trading — energy security has emerged as a major concern for the Pentagon.