Speculators Now Dominate Oil Futures Market: Study
A new study using CFTC data shows that speculators have come to dominate the oil futures market since Congress eased commodity regulations in 2000.
Source: SPX, 09/03/2009
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"More Delays at Finnish Nuclear Plant"
"Areva, a French nuclear construction company, said this week that its project to build the world's most powerful reactor remained mired in delays and was over-budget by 2.3 billion euros, or about $3.3 billion."
Source: NYTimes, 09/03/2009
"As Hybrid Cars Gobble Rare Metals, Shortage Looms"
"The Prius hybrid automobile is popular for its fuel efficiency, but its electric motor and battery guzzle rare earth metals, a little-known class of elements .... That makes Toyota's market-leading gasoline-electric hybrid car and other similar vehicles vulnerable to a supply crunch predicted by experts as China, the world's dominant rare earths producer, limits exports while global demand swells."
Source: Reuters, 09/02/2009
"Europe’s Ban on Old-Style Bulbs Begins"
"Restrictions on the sale of incandescent bulbs begin going into effect across most of Europe on Tuesday in the continent’s latest effort to get people to save energy and combat global warming."
Source: NYTimes, 09/01/2009
"Climate Change Bill Encounters New Senate Delay"
"U.S. Senate Democrats announced on Monday a new delay on climate change legislation, which could make it more difficult for President Barack Obama to win progress on that front before a global environmental summit in December."
Source: Reuters, 09/01/2009
"Nuclear Sites Fear They're the Alternative To Yucca Mountain"
With the proposed Yucca Mountain nuclear waste repository now dead, "local leaders and lawmakers from the sites where the waste is now stored, however, are increasingly concerned that the Energy Department will leave it in place, even though that might violate legally binding cleanup agreements."
Source: McClatchy, 08/31/2009
"On Energy, Obama Finds Broad Support"
"Most Americans approve of the way President Obama is handling energy issues and support efforts by him and Democrats in Congress to overhaul energy policy -- including the controversial cap-and-trade approach to limiting greenhouse gas emissions."
Source: Wash Post, 08/31/2009
"Europe's Saharan Power Plan: Miracle Or Mirage?"
"A $774 billion plan to power Europe with Sahara sunlight is gaining momentum, even as critics see high risks in a large corporate project using young technology in north African countries with weak rule of law."
Source: Reuters, 08/28/2009
"After 150 Years, Whither Oil?"
"How much longer will the 'Oil Age' last?"
Source: NYTimes, 08/28/2009
"Recession Speeds Coal's Long-Term Decline"
"Declining industrial electricity demand and an abundance of cheap natural gas will threaten coal's status as the dominant U.S. fuel to generate electric power, even after the economic recession ends" say electric industry executives and analysts.
Source: Reuters, 08/28/2009
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