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"The most likely place for oil in the Arctic is off northern Alaska in the Chukchi Sea, the researchers report. But conservationists warn of drilling in the fragile environment."
"Global energy demand is expected to soar 44 percent over the next two decades with most of the demand coming from developing countries such as China and Russia, the U.S. government's top energy forecasting agency said on Wednesday."
A draft bill from the House Natural Resources Committee would drastically reform the Interior Department's corruption-plagued system for collecting oil and gas royalties.
People in many parts of the U.S. blame gas drilling for causing the water in their wells to go bad. In 2005, the Bush administration got Congress to exempt from the Safe Drinking Water Act a drilling practice called "fracking." Now environmentalists hope to repeal the exemption and the gas industry is mounting a defense.
In the quest for billions in federal incentives, industries are trying to redefine technologies as 'renewable' that might once have been considered otherwise.
"The thick, milky white liquid looks like Elmer's glue, though it's greasy to the touch. It has a sweet, alcohol smell. It's not your father's heating oil, to be sure. But it will do the same job, says Cary J. Claiborne, and a lot more cleanly.
Claiborne is president and chief executive officer of New Generation Biofuels, a Florida-based startup that's producing fuel from vegetable and soybean oil at a small production plant it set up this year in southern Baltimore.
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