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Legislators taking hard look at oil trading
2008-11-26, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/11/26/BU70149LTD.DTL

For a few months this summer, the oil market speculator ... helped push oil prices steadily higher, shattering records that had lasted for decades. As oil topped $145 per barrel, Congress started looking for ways to rein the speculators in. Then oil prices plunged, and interest in the issue fizzled. But that may soon change. "This will remain an issue," said Sen. Byron Dorgan, D-N.D., who introduced oil market legislation this year. "Because when the price of oil has gone from $50 to $147 and back, it's clear to me and everyone else that this has nothing to do with supply and demand. It has to do with speculation." Among possible changes, Congress may try to assert more authority over unregulated oil swaps that don't take place on any formal market. Many factors helped shove prices higher, including the growth of China's economy and the decline of the American dollar. But oil kept rising even as gasoline sales fell in the United States, the world's largest oil consumer. That wouldn't have happened if supply and demand really were driving the market, many analysts say. "The entire move from $70 (per barrel) to $147 was people fleeing the dollar and looking at oil as an asset class," said Amy Myers Jaffe, an energy research fellow at Rice University's Baker Institute. "It was speculators, so when they exited the market, we went right back to $70." Speculators are investors who trade in oil or other commodities strictly as a financial investment. They include hedge funds and investment banks as well as retirement funds.

Note: For lots more reports on corporate corruption from reliable sources, click here.

Refusing to be Muzzled by LA Auto Show, AFS Trinity Pulls 150 MPG SUV out of Show
2008-11-07, MarketWatch (A Wall Street Journal Digital Network Website)
http://www.marketwatch.com/news/story/Refusing-Muzzled-LA-Auto-Show/story.asp...

AFS Trinity Power Corporation today announced it pulled its 150 MPG plug-in hybrid SUV prototypes out of the LA Auto Show but will independently exhibit and demonstrate the super fuel-efficient vehicles on their own elsewhere in downtown LA during the show. The company's decision followed actions by the LA Auto Show to muzzle AFS Trinity from highlighting the 150 miles per gallon fuel economy of its XH150 prototype vehicles. "The suppression by the automakers of information about technologies such as this raises serious questions about the judgment, vision, intentions and capabilities of the leadership of these companies," said Edward W. Furia, Chairman and CEO of AFS Trinity. "Such conduct by the automakers, who are currently seeking tens of billions of taxpayer dollars, ostensibly to develop fuel efficient vehicle technologies, is evidence they are reluctant to embrace solutions they didn't invent." First shown at the North American International Auto Show (NAIAS) in Detroit in January, 2008, two XH150 prototypes have toured the country for the last ten months and received positive reactions from the American public, national media, public officials, governors, ... members of Congress as well as automotive fleet managers and engineers in Austin, Salt Lake City, Philadelphia, Washington D.C., Seattle, Livermore and Sacramento. Furia explained that, when AFS Trinity sought exhibition space on the main floor of the LA Auto Show, the only space that show management offered was the Kentia Hall basement.

Note: The LA Auto Show is "owned" by the Greater Los Angeles New Car Dealers Association, which, in turn, is closely associated with the major auto makers in Detroit. For lots more exciting developments in automotive and new energy technologies from reliable, verifiable sources, click here.

Blacklight Power bolsters its impossible claims of a new renewable energy source
2008-10-21, New York Times
http://www.nytimes.com/external/venturebeat/2008/10/21/21venturebeat-blacklig...

Ask nearly any physicist if it’s possible for a hydrogen atom to enter a lower energy state than the ground, or resting, state they hold in nature, and you’re likely to get an unequivocal “no”. But a tiny company in New Jersey called Blacklight Power has been disputing that assumption for over a decade, and of late, making gad-fly claims that its founder says will overturn the accepted scientific order. Blacklight’s claims have a special significance: If they’re true, there’s a source of cheap, clean energy that can be easily tapped anywhere in the world. Blacklight is now saying that it has physical proof of its energy generator, verified by an independent university lab. Its “hydrino” theory isn’t put forth by a single crackpot; instead, the company employs a good handful of high-level scientists who would presumably rebel if the idea was totally false. It has also taken over $60 million in venture funding. Despite a hearty rejection by the scientific mainstream, and being ignored for years on end, its founder, Randell Mills, has plugged on. Now an engineering team at Rowan University ...has come forward with results from its own tests of the Blacklight process. Tests conducted in sealed chambers, and measured with a device called a calorimeter, show a heat reaction from a substance provided by Blacklight far beyond anything anticipated. “We’ve been able to regularly reproduce these results and we believe any research lab could do the same,” Peter Jansson, the faculty member heading the experiments, [said].

Note: For a seven-minute video demonstrating this amazing new energy source, click here. See list with links by clicking here. Exciting news!

Puzzled Researchers Vet BlackLight’s Physics-Defying Hydrogen Power
2008-10-21, New York Times
http://www.nytimes.com/external/gigaom/2008/10/21/21gigaom-blacklight-validat...

BlackLight Power, the company that has pulled in $60 million for its seemingly physics-defying fuel cell, is back with an announcement about an independent validation of its technology. A team of engineers, headed by Dr. Peter Jansson at Rowan University, have tested BlackLight’s prototypes and found that the devices perform as BlackLight claims, ambiguously concluding that “there is a novel reaction of some type causing the large exotherm which is consistently produced.” To translate: There’s definitely lots of energy being produced. They’re just not sure why. BlackLight says its technology can push an electron closer to the nucleus by way of a catalytic reaction, resulting in a huge amount of clean energy. The company describes the reaction as “somewhere between a nuclear and a chemical reaction,” but without any of the messy fallout. The team at Rowan tested BlackLight’s 1,000- and 50,000-watt reactors over three months and were able to replicate BlackLight’s energy claims, saying that the energy produced “cannot be explained by other known sources like combustion or nuclear energy.” The company says a complete verification of the whole process will likely happen within a year. BlackLight tells us it is now in the process of licensing its technology to power producers. The company says it has enough capital to get through commercialization and plans to have its reactors in a power plant in the next two years.

Note: For a seven-minute video demonstrating this amazing new energy source, click here. These results have been published in dozens of peer-reviewed scientific journals. See list with links by clicking here. Exciting news!

Portugal opens pioneer commercial wave power plant
2008-09-23, Reuters
http://www.reuters.com/article/marketsNews/idUSLN48037420080923

The world's first commercial power plant converting the energy of sea waves into electricity [has] started working off Portugal's coast ... in a project that should be expanded nearly 10-fold over the next few years. Three articulated steel "sea-snakes" moored to the seabed three miles off Portugal's northern coast, each about the length of a nuclear submarine, generate a total of 2.25 megawatts, enough to supply 1,500 households with electricity. "It's logged into the national grid, which makes it the world's first commercial wave power project," said Anthony Kennaway, a spokesman for Babcock and Brown investment firm which runs the Agucadoura project in northern Portugal. "We hope that in 15 years wave power will be where wind is now, that is extremely competitive. Portugal could be for wave power what Denmark was for wind," Kennaway said. Renewable energy, including water dams, accounts for 40 percent of power consumption in Portugal. Some experts say wave energy could meet up to 20 percent of the country's needs in the future. A total of 25 semi-submerged "sea-snakes" should be installed in the next few years, boosting the ... capacity to 21 MW, Kennaway said. The machines, each 140 meters (yards) long and 3.5 meters in diameter, are positioned head-on towards the waves so that its sections move with the waves. Each joint ... contains a hydraulic pump, which pumps high-pressure liquid through motors that in their turn drive power generators. The energy is then transmitted to a substation on shore via subsea cables.

Note: For lots more on new energy inventions from reliable sources, click here.

The 65 mpg Ford the U.S. Can't Have
2008-09-01, Business Week
http://www.businessweek.com/magazine/content/08_37/b4099060491065.htm

If ever there was a car made for the times, this would seem to be it: a sporty subcompact that seats five, offers a navigation system, and gets a whopping 65 miles to the gallon. Oh yes, and the car is made by Ford Motors, known widely for lumbering gas hogs. Ford's 2009 Fiesta ECOnetic goes on sale in November. But here's the catch: Despite the car's potential to transform Ford's image and help it compete with Toyota Motor and Honda Motor in its home market, the company will sell the little fuel sipper only in Europe. "We know it's an awesome vehicle," says Ford America President Mark Fields. "But there are business reasons why we can't sell it in the U.S." The main one: The Fiesta ECOnetic runs on diesel. Automakers such as Volkswagen and Mercedes-Benz have predicted for years that a technology called "clean diesel" would overcome many Americans' antipathy to a fuel still often thought of as the smelly stuff that powers tractor trailers. Diesel vehicles now hitting the market with pollution-fighting technology are as clean or cleaner than gasoline and at least 30% more fuel-efficient. Yet while half of all cars sold in Europe last year ran on diesel, the U.S. market remains relatively unfriendly to the fuel.

Talkin' 'bout my generation
2008-09-01, Ode Magazine
http://www.odemagazine.com/doc/56/talkin-bout-my-generation

In the 1920s, millions of rural Americans got their energy the same way they got their butter—they made it themselves. Off-grid when off-grid wasn’t cool, they used some 600,000 windmills to run radios and power, maintaining sputtering lights with an electric current that ebbed, flowed and sometimes simply disappeared with the prairie wind. Fully 90 percent of those windmills disappeared within a generation, as even the most isolated farmers eagerly plugged in to the new centralized power system. But today the same technologies that help iPod-bedecked college students steal music are reviving the model of microgeneration—clean, decentralized power that people make themselves—by linking homes into a vast network that keeps buzzing even when the wind stops blowing. Microgeneration, meet the YouTube ­generation. “We’re talking about a new meaning of ‘power to the people,’” raves Jeremy Rifkin, alternative energy activist and adviser to the European Union and many European governments. Forget about wind farms and solar plants run by conventional utility companies, he says. “In the new energy regime, the people are the utilities and their houses are the power plants.” The cornerstone of this new grid is buildings that produce, rather than just consume, energy. These homes and office buildings convert wind, solar and biomass into electricity, which they use, store for later as hydrogen and “upload” onto the grid.

Note: This inspiring article comes from what may be the most inspiring news source in our world today, Ode Magazine. For more on this excellent magazine "for intelligent optimists," see http://www.odemagazine.com.

Intel gets into the wireless electricity game
2008-08-22, Scientific American
http://www.sciam.com/blog/60-second-science/post.cfm?id=intel-gets-into-the-w...

Are we closing in on laptops that can recharge without those annoying power cords? Yesterday Intel, the world's largest chip manufacturer, demonstrated a form of wireless energy transfer by lighting a 60-watt bulb from a power source three feet away, in an effect they referred to as WREL (wireless resonant energy link). If the trick sounds familiar, that's because researchers from the Massachusetts Institute of Technology (MIT) reported the same thing last year under the moniker WiTricity. Two years ago, MIT researcher Marin Soljacic figured out a way to transmit electricity via the magnetic field surrounding a charged loop of wire. A similar loop wired up to a light bulb or another electrical device would draw power from that magnetic field—no wires attached. Soljacic and his colleagues reported a year later in Science they could transfer energy to a 60-watt bulb with 50 percent efficiency from six feet away and 90 percent efficiency from three feet. Intel announced they had achieved 75 percent efficiency from two to three feet away. An Intel researcher contacted the MIT group with some technical questions after the study came out, says Andre Kurs, an MIT PhD candidate and first author on the Science paper.

Note: Yet no mention is made of the fact that genius inventor Nikola Tesla may have developed wireless electricity over a century ago. Click here for information on this. Some claim Tesla was largely written out of history books because he threatened the establishment with the possibility of nearly free electricity for all people. For more on this, click here.

A Few Speculators Dominate Vast Market for Oil Trading
2008-08-21, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2008/08/20/AR20080820038...

Regulators had long classified a private Swiss energy conglomerate called Vitol as a trader that primarily helped industrial firms that needed oil to run their businesses. But when the Commodity Futures Trading Commission examined Vitol's books last month, it found that the firm was in fact more of a speculator, holding oil contracts as a profit-making investment rather than a means of lining up the actual delivery of fuel. Even more surprising to the commodities markets was the massive size of Vitol's portfolio -- at one point in July, the firm held 11 percent of all the oil contracts on the regulated New York Mercantile Exchange. The discovery revealed how an individual financial player had gained enormous sway over the oil market without the knowledge of regulators. Other CFTC data showed that a significant amount of trading activity was concentrated in the hands of just a few speculators. The CFTC ... now reports that financial firms speculating for their clients or for themselves account for about 81 percent of the oil contracts on NYMEX, a far bigger share than had previously been stated by the agency. That figure may rise in coming weeks as the CFTC checks the status of other big traders. Some lawmakers have blamed these firms for the volatility of oil prices, including the tremendous run-up that peaked earlier in the summer. "It is now evident that speculators in the energy futures markets play a much larger role than previously thought, and it is now even harder to accept the agency's laughable assertion that excessive speculation has not contributed to rising energy prices," said Rep. John D. Dingell (D-Mich.).

Nuclear Ambitions: Amateur Scientists Get a Reaction From Fusion
2008-08-18, Wall Street Journal
http://online.wsj.com/public/article/SB121901740078248225.html

In the garage of his house, Frank Sanns spends nights tinkering with one of his prized possessions: a working nuclear-fusion reactor. Mr. Sanns, 51 years old, is part of a small subculture of gearheads, amateur physicists and science-fiction fans who are trying to build fusion reactors in their basements, backyards and home laboratories. Mr. Sanns ... believes he's on track to make fusion a viable power source. "I'm a dreamer," he says. Many of these hobbyists call themselves "fusioneers," and have formed a loosely knit community that numbers more than 100 world-wide. Getting into their elite "Neutron Club" requires building a tabletop reactor that successfully fuses hydrogen isotopes and glows like a miniature star. Only 42 have qualified; some have T-shirts that read "Fusion -- been there...done that." Called fusors and based on a 1960s design first developed by Philo T. Farnsworth, an inventor of television, the reactors are typically small steel spheres with wires and tubes sticking out and a glass window for looking inside. But they won't be powering homes anytime soon -- for now, fusors use far more energy than they produce. But the allure is strong. A fusion power plant would likely be fueled by deuterium and tritium, both isotopes of hydrogen that are in plentiful supply. Fusion advocates say reactors would be relatively clean, generating virtually no air pollution and little long-lived radioactive waste. Today's nuclear power plants, in contrast, are fission-based, meaning they split atoms and create a highly radioactive waste that can take millennia to decompose.

Note: How strange that this article seems to accept table-top nuclear fusion as a fact, when mainstream science supposedly debunked this possibility two decades ago. For lots more on infinite energy posibilities, click here.

Zenn and the art of small, electric vehicles
2008-08-15, MSNBC/Forbes Autos
http://www.msnbc.msn.com/id/26140663

It might sound surprising, but all-electric vehicles are already on American roads. They just haven't quite made it to the highway yet. A growing cottage industry of Neighborhood Electric Vehicle [NEV] manufacturers is spurring the development of cars like the Zenn, which has reached a state of vehicular enlightenment so advanced it doesn't even need a tail pipe. "We saw this car in May of '06, and all of us were just freaking out: 'Finally, a car!'" said Steve Mayeda, sales manager at Seattle-based MC Electric Vehicles, which sells 30 percent of Zenn's U.S. inventory, in addition to electric vehicles made by Columbia, Canadian EV, E-Ride and Miles. "Zenn was the first neighborhood electric car that actually looked and felt and drove like a real car. Everything else before that was either a converted golf cart or a car that was built from the ground up." NEVs are silent, have no tailpipe emissions (or tailpipes, for that matter) and plug into electrical outlets like vacuum cleaners. They come in two varieties: Low-Speed Electric Vehicles, which have a top speed of about 25 miles per hour and are restricted to roads where the speed limit is 35 miles per hour or less; and Medium-Speed Electric Vehicles, which reach 35 mph and are allowed on roads with a posted speed of up to 45 mph. They're exempt from federal safety regulations that mandate impact-absorbing bumpers and airbags. But to be street legal, NEVs must have three-point seat belts, windshields with wipers, headlights, brake lights, rearview mirrors and turn signals.

Note: Note: For a fun, six-minute video demonstration of the Zenn, click here.

Solar Energy, All Night Long
2008-07-31, Forbes Magazine
http://www.forbes.com/2008/07/30/nocera-solar-power-biz-energy-cz_jf_0731sola...

MIT professor Daniel G. Nocera has long been jealous of plants. He desperately wanted to do what they do--split water into hydrogen and oxygen and use the products to do work. That, he figures, is the only way we humans can solve our energy problems; enough energy pours down from the sun in one hour to power the planet's energy needs for a year. Nocera's discovery [is] a cheap and easy way to store energy that he thinks will be used to change solar power into a mainstream energy source. Plants catch light and turn it into an electric current, then use that energy to excite catalysts that split water into hydrogen and oxygen during what is called photosynthesis' light cycle. The energy is then used during the dark cycle to allow the plant to build sugars used for growth and energy storage. Nocera and Matthew Kanan, a postdoctoral fellow in Nocera's lab, focused on the water-splitting part of photosynthesis. They found cheap and simple catalysts that did a remarkably good job. They dissolved cobalt and phosphate in water and then zapped it with electricity through an electrode. The cobalt and phosphate form a thin-film catalyst around the electrode that then use electrons from the electrode to split the oxygen from water. The oxygen bubbles to the surface, leaving a proton behind. A few inches away, another catalyst, platinum, helps that bare proton become hydrogen. The hydrogen and oxygen, separated and on-hand, can be used to power a fuel cell whenever energy is needed.

Note: This amazing breakthrough resulted in a $4 million government grant for further development. For more, click here and here.

Politicians fume as Exxon profits soar to U.S. record
2008-07-31, Houston Chronicle
http://www.chron.com/disp/story.mpl/nation/5918750.html

Exxon Mobil Corp. jumped into the political fray Thursday as its $11.7 billion record quarterly earnings — and $8 billion in share buybacks — raised hackles in Washington. "They tell us they want to do more domestic production," said Sen. Charles Schumer, D-N.Y. "They tell us they need to drill offshore. They tell us that they can find oil on the mainland. And what do they do with their profits? They buy back stock, simply to increase their share price." Democrats argue that producers already hold 68 million acres of federal lands on which they are not producing oil or gas. Irving-based Exxon Mobil, the world's largest oil company, was the fourth major oil giant to release quarterly results. Hours earlier, Royal Dutch Shell, based in the Netherlands, announced a 33 percent increase in profit. Houston-based ConocoPhillips last week announced a 13 percent increase in net income during a quarter in which oil prices rose from about $100 to $140 a barrel. London-based BP announced a 28 percent profit increase on Tuesday. Analysts ... focused less on Exxon Mobil's profits than on its 8 percent drop in production. The world's largest oil companies ... are benefiting from record-high oil prices. Exxon Mobil increased spending on capital and exploration projects by 38 percent in the quarter to $7 billion. It also spent $8 billion buying back its own shares and reported $39 billion in cash on hand. A Democratic analysis of the top five oil company's expenditures from 2004 through 2007 found that the majors plowed about $181 billion into stock buybacks, nearly three times as much as they spent on U.S. production activity.

Cheap solar at night? MIT may have answer
2008-07-31, Boston Globe
http://www.boston.com/business/articles/2008/08/01/cheap_solar_at_night_mit_m...

MIT researchers say they have discovered a way to use solar energy cheaply even after the sun goes down, which could make it a mainstream source of power within the next decade. Solar energy has been expensive and inefficient to use after dark, said Daniel Nocera, 51, the Henry Dreyfus professor of energy and professor of chemistry at MIT. But in an article published in the July 31 issue of the journal Science, Nocera and other Massachusetts Institute of Technology researchers say they have found a simple, inexpensive process for storing solar energy. "How the heck are you going to build an economy or a business only if the sun is shining?" said Nocera, the senior author. "What you really need to do is when the sun is shining, figure out how to store some of that energy so you can unleash it when the sun isn't shining." Nocera and the other researchers based their work on a compound made from cobalt and phosphate, both readily available. When the sun is out, electricity from solar panels can be fed to the compound in water, causing the water to split into hydrogen and oxygen. The elements create a chemical fuel that can be recombined to create energy later, when the sun is not shining. The discovery breaks "the connection between energy and fossil fuels because my energy is coming from water," said Nocera, "unleashing the solar energy, not in real time, but when you want to." The researchers said the findings open the door for large-scale use of solar energy around the clock - not right away but within 10 years.

Note: For a treasure trove of reports on new energy inventions with great potential, click here.

Michigan solar car team wins 2,400-mile race
2008-07-25, CNN News
http://www.cnn.com/2008/TECH/science/07/25/michigan.solar.car

In the world of higher education, summer is usually the off-season. But for some students, this summer was the culmination of years of hard work in a 2,400-mile solar car race from Plano, Texas to Calgary, Alberta. Fifteen teams of students drove photovoltaic-powered cars across the North American Solar Challenge finish line in Calgary Tuesday, led by the University of Michigan Solar Car Team and its vehicle, Continuum. Michigan's victory, which took about 51 hours and 42 minutes on the road, is its fifth NASC championship. The school also won the last NASC, in 2005. Jeff Ferman, the race manager for Michigan, talked about how rewarding it was to enter Calgary and be greeted by 40,000 people."The streets were lined with people," he said. "There were people on overpasses with tripods taking pictures." The Michigan team led almost the entire race from Texas, trailing only on the first day of driving when it had to stop to fix a minor electrical problem. But that 20-minute stop was the only time it had to pull over to make repairs, which team members said was one reason they did so well.

Note: If you do the math, this amazing solar powered car built by college students averaged 46.5 mph over a 2,400 mile course! Why didn't this make news headlines? Try doing a Google search on "Solar Challenge" (the annual solar car race). You will find that almost no major media cover this amazing event at all. The few who have (including this CNN article) usually fail to mention anything about the speeds attained by these cars. Why is the media not giving better coverage to these incredible breakthroughs? For a possible answer, click here.

BlackLight's physics-defying promise: Cheap power from water
2008-07-02, CNN Money
http://money.cnn.com/2008/07/01/smallbusiness/blacklight.fsb/index.htm

Imagine being able to convert water into a boundless source of cheap energy. That's what BlackLight Power, a 25-employee firm in Cranbury, N.J., says it can do. The only problem: Most scientists say that company's technology violates the basic laws of physics. Such skepticism doesn't daunt Dr. Randell Mills, a Harvard-trained physician and founder of BlackLight, who recently claimed that he has created a working fuel cell using the world's most pervasive element: the hydrogen found in water. Mills says he has a market-ready product: a fuel cell that produces a chemical reaction to alter hydrogen atoms. The fuel cell releases heat that turns water into steam, which drives electric turbines. The working models in his lab generate 50 kilowatts of electricity - enough to power six or seven houses. But these, Mills says, can be scaled [up] to drive a large, electric power plant. The inventor claims this electricity will cost less than 2 cents per kilowatt-hour, which compares to a national average of 8.9 cents. Mills developed the patented cocktail that enables the reaction - a solid fuel made of hydrogen and a sodium hydride catalyst - only a year ago. (He recently posted instructions on the company's Web site, blacklightpower.com). Now that the device is ready for commercialization, he says, BlackLight is negotiating with several utilities and architecture and engineering firms. The business, Mills says, has attracted $60 million in funding from wealthy individuals, investment firms ... and it is no longer seeking money. BlackLight's board of directors reads like a Who's Who of finance and energy leaders.

Note: For two New York Times articles showing the viability of this amazing technology, click here and here. For many other exciting major media news articles on new energy inventions, click here.

VW May Produce 282 MPG Two-Seat Car
2008-07-02, US News & World Report
http://usnews.rankingsandreviews.com/cars-trucks/daily-news/080702-VW-May-Pro...

Volkswagen has a new car in pre-production that, the automaker estimates, could get up to 282 mpg. That's not a misprint. Autoblog explains, "A few years back, Volkswagen introduced a concept vehicle," known as the VW 1L, "which derived its name from its stated goal of using just one liter of fuel per one-hundred kilometers traveled." The concept "actually beat its lofty goal rather handily as it managed to achieve a miserly 282 miles per gallon in testing. Much of its amazing fuel-saving capability stemmed from its 660 pounds (300 kilograms) curb weight. The concept also featured a single cylinder engine and a 1+1 seating arrangement down the center of the car." The U.K.'s Car Magazine reports, "At the time the chairman of VW's supervisory board predicted that the super-economical two-seater would go into production…in 2012. Now the VW 1L will hit the market two years ahead of schedule, in 2010." Whether the 1L would be sold in the U.S. market isn't yet clear.

Note: Any bets on whether this car will actually go into production and be promoted? Check out what happened to the Eco Spirit, which got over 100 mpg at this link.

U.S. Advised Iraqi Ministry on Oil Deals
2008-06-30, New York Times
http://www.nytimes.com/2008/06/30/world/middleeast/30contract.html?partner=rs...

A group of American advisers led by a small State Department team played an integral part in drawing up contracts between the Iraqi government and five major Western oil companies to develop some of the largest fields in Iraq, American officials say. The disclosure, coming on the eve of the contracts’ announcement, is the first confirmation of direct involvement by the Bush administration in deals to open Iraq’s oil to commercial development and is likely to stoke criticism. In their role as advisers to the Iraqi Oil Ministry, American government lawyers and private-sector consultants provided template contracts and detailed suggestions on drafting the contracts, advisers and a senior State Department official said. At a time of spiraling oil prices, the no-bid contracts, in a country with some of the world’s largest untapped fields and potential for vast profits, are a rare prize to the industry. The contracts are expected to be awarded Monday to Exxon Mobil, Shell, BP, Total and Chevron, as well as to several smaller oil companies. The deals have been criticized by opponents of the Iraq war, who accuse the Bush administration of working behind the scenes to ensure Western access to Iraqi oil fields even as most other oil-exporting countries have been sharply limiting the roles of international oil companies in development. Though enriched by high prices, the companies are starved for new oil fields. American military officials say the pipelines [in Iraq] now have excess capacity, waiting for output to increase at the fields.

Note: For many revealing reports from reliable sources on the real reasons behind the war in Iraq, click here.

Citing Need for Assessments, U.S. Freezes Solar Energy Projects
2008-06-27, New York Times
http://www.nytimes.com/2008/06/27/us/27solar.html?partner=rssuserland&emc=rss...

Faced with a surge in the number of proposed solar power plants, the federal government has placed a moratorium on new solar projects on public land until it studies their environmental impact, which is expected to take about two years. The Bureau of Land Management says an extensive environmental study is needed to determine how large solar plants might affect millions of acres it oversees in six Western states. But the decision to freeze new solar proposals temporarily ... has caused widespread concern in the alternative-energy industry ... just as the demand for viable alternative energy is accelerating. “It doesn’t make any sense,” said Holly Gordon, vice president for ... a solar thermal energy company in Palo Alto, Calif. “The Bureau of Land Management land has some of the best solar resources in the world. This could completely stunt the growth of the industry.” Much of the 119 million surface acres of federally administered land in the West is ideal for solar energy. Galvanized by the national demand for clean energy development, solar companies have filed more than 130 proposals with the Bureau of Land Management since 2005. According to the bureau, the applications, which cover more than one million acres, are for projects that have the potential to power more than 20 million homes. Craig Cox, the executive director of the Interwest Energy Alliance, a renewable energy trade group, said he worried that the freeze would “throw a monkey wrench” into the solar energy industry at precisely the wrong time.

Note: For many encouraging stories on new energy developments, click here.

Students increase fuel-efficiency
2008-06-22, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/06/20/MTTF114KJO.DTL

What we drive in the future may not be designed in Detroit, or Tokyo or Stuttgart, but on the college campuses of North America. Teams of students from 17 colleges and universities in the United States and Canada have spent the last three years taking apart models of a Chevrolet Equinox, and re-designing and re-fitting the crossover SUV to get better fuel efficiency than the engineers and designers at General Motors have been able to achieve. It's called Challenge X. So what did these college teams come up with? They came up with bio-diesel, ethanol, hydrogen, hybrid electric, plug-in electric - with most of the teams using two of these energy sources together. The team from Penn State created an Equinox that runs on three fuels: bio-diesel, hydrogen and electric hybrid power. "The way it's designed, it's always burning hydrogen and bio-diesel together, and the hybrid motor turns on and off," explained Nate Simmons. The team from San Diego State created a bio-diesel electric hybrid, and transformed the transmission from automatic to manual for even better gas mileage. They were able to boost the EPA rating for the conventional Equinox from a rating of 23 miles per gallon highway up into the low 30s. "We set out to produce the most powerful vehicle in the competition," said faculty advisor James Burns. This year's winner was Mississippi State University, for its bio-diesel hybrid electric design. The MSU vehicle is powered by a 1.9-liter GM direct injection turbo-diesel engine, fueled by bio-diesel (B20). It won for achieving a whopping 38 percent increase in fuel economy over the production-model Equinox.

Note: College and even high school students have been beating car manufacturers for years, yet the media seem to largely ignore this. For striking examples, click here and here.

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