As a 501(c)(3) nonprofit, we depend almost entirely on grassroots donations. Please consider making a donation.
Subscribe here and join over 13,000 subscribers to our free weekly newsletter

Energy News Articles

Below are key excerpts of revealing news articles on energy from reliable news media sources. If any link fails to function, a paywall blocks full access, or the article is no longer available, try these digital tools.

For further exploration, delve into our Energy Information Center.

Explore our comprehensive news index on a wide variety of fascinating topics.
Explore the top 20 most revealing news media articles we've summarized.
Check out 10 useful approaches for making sense of the media landscape.

Sort articles by: Article Date | Date Posted on WantToKnow.info | Importance


The US government keeps spectacularly underestimating solar energy installation
2017-10-19, Quartz
https://qz.com/1103874/the-us-government-underestimated-solar-energy-installa...

Every two years, the US Energy Information Administration (EIA), Americas official source for energy statistics, issues 10-year projections about how much solar, wind and conventional energy the future holds for the US. Every two years, since the mid-1990s, the EIAs projections turn out to be wrong. Last year, they proved spectacularly wrong. The Natural Resources Defense Council, an environmental advocacy group, and Statista recently teamed up to analyze the EIAs predictions for energy usage and production. They found that the EIAs 10-year estimates between 2006 to 2016 systematically understated the share of wind, solar and gas. Solar capacity, in particular, was a whopping 4,813% [or 48 times] more in 2016 than the EIA had predicted in 2006 it would be. The EIA regularly underestimates the growth in renewables but overestimates US fossil-fuel consumption. These estimates matter because they form the basis for actions by the Environmental Protection Agency and other federal agencies. The agencys projections bear little resemblance to market realities because they ignore publicly available evidence, argues the clean-energy non-profit Advanced Energy Economy. Michael Grunwald at Politico reports the EIA seems to base its projections on the assumption that renewable energy costs wont fall much, when in fact they keep plunging.

Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.


Tiny turbine that fits on your DESK runs on carbon dioxide - and it can produce enough energy to power a small town
2016-04-12, Daily Mail (One of the UK's most popular newspapers)
http://www.dailymail.co.uk/sciencetech/article-3535461/Tiny-turbine-fits-DESK...

Engineers have developed a turbine which has the potential to power a small town all the while being no bigger than your office desk. Designed by GE Global Research, the turbine could power 10,000 homes and according to researchers, could help to solve some of the world's growing energy challenges. But rather than steam, which is typically used to set turbines in motion, the new turbine uses carbon dioxide. 'This compact machine will allow us to do amazing things,' said Doug Hofer, lead engineer on the project. According to MIT Tech Review, the turbine is driven by 'supercritical carbon dioxide', which is kept under high pressure at temperatures of 700˚C. Under these conditions, the carbon dioxide enters a physical state between a gas and a liquid, enabling the turbine to harness its energy for super-efficient power generation - with the turbines transferring 50 per cent of the heat into electricity. It could help energy firms take waste gas and repurpose it for efficient and cleaner energy production. Waste heat produced from other power generation methods, such as solar or nuclear, could be used to melt salts, with the molten salts used to the carbon dioxide gas to a super-critical liquid - which may be much quicker than heating water for steam. Currently, the design of the turbine would enable up to 10,000 kilowatts of energy to be produced, but the turbines could be scaled up to generate 500 megawatts, enough to power a city.

Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.


13-Year-Old Creates Energy Harvesting Device
2016-02-18, KTVN News (A leading news channel of Reno, Nevada)
http://www.ktvn.com/story/31260413/13-year-old-creates-energy-harvesting-device

Do you think a 13-year-old could change the world? Max Loughan could be the one to do it. When we interviewed him, Max was wearing his lab coat ... in his parent's old boiler room, which has been converted into a lab. He ponders the future often. "The future that I imagine is the future, frankly we all imagine." He wants to make the world a better place, and to do that, Max believes you need one single thing: "If you got energy, you have power, you have everything." So to solve this problem, a few months ago, Max took the matter into his own hands. He created an electromagnetic harvester out of a coffee can, some wire, two coils, and a spoon. "This cost me 14 bucks," Max said. The harvester conducts radio waves, thermal, and static energy, and turns it into electricity. "This wire takes energy from the air." And the inside the coffee can, "We turn it from AC to DC." We took the device outside, and wrapped Max's twin brother, Jack, in a string of L.E.D. lights. Max connects the lights to the harvester, and sure enough, they turned on. His device clearly works. A $14.00 invention was able to do that. So imagine this same harvester on a scale 20 times larger. "As cheesy as this sounds, from day one, on this planet that I knew I was put here for a reason," said Max. "And that reason is to invent, to bring the future."

Note: Don't miss this video of the most amazing 13-year-old who just may have solved the energy problems of our world!!! For more along these lines, see concise summaries of deeply revealing new energy technology news articles from reliable major media sources.


The sports car that runs on saltwater
2014-09-01, Daily Mail (U.K.)
http://www.dailymail.co.uk/sciencetech/article-2739768/The-sports-car-runs-SA...

Sports cars may not have the best reputation for being environmentally-friendly, but this sleek machine has been designed to reach 217.5 mph (350 km/h) using nothing but saltwater. Its radical drive system allows the 5,070lbs (2,300kg) Quant e-Sportlimousine to reach 0-60 mph (100 km/h) in 2.8 seconds, making it as fast as the McLaren P1. After making its debut at the 2014 Geneva Motor Show in March, the saltwater technology has now been certified for use on European roads. The 920 horsepower (680 kW) Quant e-Sportlimousine uses something known as an electrolyte flow cell power system to power four electric motors within the car. It works in a similar way to a hydrogen fuel cell, however, the liquid used for storing energy is saltwater. The liquid passes through a membrane in between the two tanks, creating an electric charge. This electricity is then stored and distributed by super capacitors. The car carries the water in two 200-litre tanks, which in one sitting will allow drivers to travel up to 373 miles (600km). NanoFlowcell AG, a Lichtenstein-based company behind the drive, is now planning to test the car on public roads in Germany and elsewhere in Europe as the company prepares for series production. It claims the technology offers five times the energy capacity of lithium-ion batteries of the same weight. 'We've got major plans, and not just within the automobile industry,' says NanoFlowcell AG Chairman of the Board Professor Jens-Peter Ellermann. 'The potential of the NanoFlowcell is much greater, especially in terms of domestic energy supplies as well as in maritime, rail and aviation technology.'

Note: See the link above for photos and videos of this sleek masterpiece. Why isn't this car and it's unique technology getting more press? For more on this amazing car, see its website and read a gizmag article with more on how the car has received approval to run on European roads. Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.


Teslas Model S receives top rating from Consumer Reports
2013-05-09, Washington Post/Bloomberg
http://www.washingtonpost.com/business/tesla-electric-model-s-sedan-grabs-con...

Tesla Motors Inc.s electric Model S, Motor Trends 2013 Car of the Year, received the highest rating from Consumer Reports in an evaluation of the luxury sedan that led first-quarter North American plug-in car sales. The Model S from Palo Alto, California-based Tesla scored 99 out of 100 points, the non-profit magazine said in an e-mailed statement. The $89,650 car bought by Consumer Reports performed better, or just as well overall as any vehicle its ever tested, the ... magazine said. It accelerates, handles and brakes like a sports car, it has the ride and quietness of a luxury car and is far more energy efficient than the best hybrid cars, said Jake Fisher, Consumer Reports director of automotive testing. No rechargeable car has won a score as high as the Model S. The magazine last gave a vehicle 99 points in 2007, when Toyota Motor Corp.s Lexus LS460L ranked that high. Model S shortcomings include limited range, long charge times and coupe-like styling that impairs rear visibility and impedes access, Consumer Reports said. Along with reliability that isnt yet determined, Tesla still has a limited service network, the magazine said. The test vehicle had an 85-kilowatt/hour lithium-ion battery pack and averaged about 200 miles (322 kilometers) per charge in real-world driving, the magazine said. The Tesla is easily the most practical electric car that has been tested to date, Consumer Reports said.

Note: After undeniable suppression of the electric car by car manufacturers, independent upstart Tesla Motors has done it! Expect to see more breakthroughs from this great new company. For more on the company's amazing namesake and how his inventions were suppressed, click here.


Toyota Rav4 EV review: electrifying
2013-03-25, San Francisco Chronicle (SF's leading newspaper)
http://www.sfchronicle.com/business/article/Toyota-Rav4-EV-review-electrifyin...

In the new crop of electric cars, the Rav4 may be the best you've never heard of. It comes from one of the world's largest automakers and sports a drivetrain built by Tesla Motors, rock star of the plug-in world. And yet, outside the circle of electric enthusiasts, few drivers know it exists. You can buy it only in California. Toyota doesn't advertise it on TV. So far, the company has committed to building just 2,600. Critics, including some people who love the Rav4 EV, say Toyota made it only to comply with California regulations that force automakers to sell zero-pollution cars. "Everyone agrees it's a wonderful car," said Felix Kramer, founder of CalCars, a plug-in vehicle advocacy group. "Too bad there's not enough." That suspicion comes from experience. Toyota made an electric version of the Rav4 once before, building 1,484 of the small SUVs between 1997 and 2003. Then the company killed the program, after California changed its zero-emission vehicle (ZEV) rules. The new Rav4 EV ... boasts ferocious acceleration, plenty of power and a low center of gravity thanks to the big battery pack hidden in the floor. It's not a luxury car, but the interior is comfortable and plush, tricked out with a touch-screen and heated seats. Those so inclined can take the Rav4 EV from a standstill to 60 mph in 7 seconds. The car gets a solid 125 miles on a fully charged battery pack, and an easy-to-read number on the dash constantly reminds you how many miles you have left.

Note: Once again a major car manufacturer produces a great electric vehicle only to suppress it. Remember "Who Killed the Electric Car", the movie on GM's EV1 which was killed despite major consumer interest? Then there was Toyota's 100 mpg Eco Spirit which was also killed. For lots more reliable information on this suggesting industry suppression of energy breakthroughs, click here.


Are we wildly underestimating solar and wind power?
2012-06-19, Washington Post blog
http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/06/19/are-we-wildly-un...

Right now, renewable energy sources like solar and wind still provide just a small fraction of the worlds electricity. But theyre growing fast. Solar is growing exponentially. Across the globe, 55 terawatt-hours of solar power had been installed by the end of 2011. That may not seem like much in itself the United States by itself, after all, needed about one hundred times that much power in 2011. But solar has been growing at a stunning rate, as panels keep getting dramatically cheaper. If these exponential growth rates [continue] solar could provide nearly 10 percent of the worlds electricity by 2018. Official agencies keep underestimating the growth rate of renewables. The International Energy Agency is forecasting that solar will catch on much more slowly providing a mere 4.5 percent of the worlds electricity by 2035. But [t]he IEA has almost always underestimated how quickly wind and solar can grow. Forecasters have consistently been too pessimistic. For instance, back in 2000, the IEAs World Energy Outlook predicted that non-hydro sources of renewable energy would make up 3 percent of global energy by the year 2020. The world reached that point in 2008, well ahead of schedule. Using only current technology, renewables could technically provide the vast bulk of U.S. electricity by mid-century.

Note: The media has consistently underplayed the promising potential for alternative energy sources. The fact that the above is a blog and not a regular article in the Post is yet another example of this. For more on promising developments on energy technologies, click here.


The extra dollars you're paying at the pump are going to Wall Street speculators
2012-02-28, Chicago Tribune
http://www.chicagotribune.com/sns-201202280930--tms--amvoicesctnav-a20120228f...

The current surge in gas prices has almost nothing to do with energy policy. It doesn't even have much to do with global supply and demand. It has most to do with America's continuing failure to adequately regulate Wall Street. Oil supplies aren't being squeezed. Over 80 percent of America's energy needs are now being satisfied by domestic supplies. In fact, we're starting to become an energy exporter. Demand for oil isn't rising. Oil demand in the U.S. is down compared to last year at this time. The American economy is showing only the faintest signs of recovery. Meanwhile, global demand is still moderate. Europe's debt crisis hasn't gone away. China's growth continues to slow. But Wall Street is betting on higher oil prices. Hedge-fund managers and traders assume that mounting tensions in the Middle East will hobble supplies later this year. Wall Street speculators also assume global demand for oil will rise in the coming year. These are just expectations, not today's realities. But they're pushing up oil prices just the same, because Wall Street firms and other big financial players now dominate oil trading. Where there's money to be made, Wall Street will find a way of making it. And when it comes to oil, so much money is at stake that gigantic sums can be made if the bets pay off. Speculators figure they can hedge against bad bets. Financial speculators historically accounted for about 30 percent of oil contracts, producers and end users for about 70 percent. But today speculators account for 64 percent of all contracts.

Note: This article was written by Robert Reich, former U.S. Secretary of Labor, professor of public policy at the University of California at Berkeley and the author of Aftershock: The Next Economy and America's Future. He blogs at www.robertreich.org. For lots more reliable information from the major media on energy manipulations, click here.


Method for Enhancement of Surface Plasmon Polaritons to Initiate & Sustain LENR (Cold Fusion)
2012-01-16, NASA Website's Technology Gateway
http://technologygateway.nasa.gov/media/CC/lenr/lenr.html

[Video transcript] Narrator: While the world is drastically dependent on fossil fuel, researchers at NASA Langley Research Center are working on another way of producing energy-efficient nuclear power. Senior Resarch Scientist Dr Zawodny: This other form of nuclear power releases energy by adding neutrons. Eventually [the nuclei] gain a sufficient number of neutrons that they spontaneously decay into something of the same mass but a different element. It has the demonstrated ability to produce excess amounts of energy, cleanly, without hazardous ionizing radiation, without producing nasty waste. Narrator: This clean form of energy is ... able to support everything from transportation systems to infrastructure. Dr. Zawodny: The easiest implementation of this would be for the home. It would be ... dual use. It would [produce] heat; and youd derive electricity from it to run your electronics, power the house, power the building, power the light industry. And then the waste heat would be used for environmental control [i.e. heating, air conditioning, etc.] and warm water. Narrator: NASAs method for enhancement of surface plasmon polaritons to initiate and sustain LENR in Metal Hydride Systems, a clean nuclear energy for your power-operated technology.

Note: LENR stands for Low Energy Nuclear Reactions, aka cold fusion. So NASA is now acknowledging cold fusion is real! And their research provides major hope for the future. To see Dr. Zawodny's patent for this revolutionary technology, click here. For more on NASA's involvement in this, click here. For lots more reliable information on the suppression of cold fusion/LENR by the media and the scientific mainstream, click here. For more inspiring news on amazing new energy inventions, click here.


Solar Energy: The Quest for Cheap
2011-10-13, Bloomberg Businessweek
http://www.businessweek.com/technology/solar-energy-the-quest-for-cheap-10132...

The big number is 50. When companies can produce solar photovoltaic modules for less than 50 per watt, solar energy will be able to compete directly with coal. Right now, the cheapest solar cells are being produced for as little as 70 per watt. They are selling for about $1.26 per watt, with prices expected to drop to $1.17 next year. Most anticipate they they will hit 50 per watt within four or five years. As prices fall, demand is growing. Total solar installations in the second quarter [of 2011] grew by 69 percent over the same period in 2010. The number of Americans working in the solar industry more than doubled, to 100,000, from 2009 to 2011. Thats considerably more than the 80,600 coal miners working in the U.S. Behind the price drops are cheaper manufacturing costs, lower costs for such crucial raw materials as silicon, and rapidly improving technology. Dozens of startups in the U.S. have potentially transformative ideas. The question is which can come out on top. The wide variety of companies developing competing technologies to capture and distribute solar power underscores the markets immaturity. Currently, researchers are experimenting with materials ranging from silicon to gallium arsenide to cadmium telluride, basing cost projections on disparate technologies that create solar cells. The goal is to build one that competes without government subsidies.

Note: For lots more from reliable sources on developments in alternative energy technologies, click here.


Man makes drinking water out of thin air
2011-08-01, KSDK.com/CNN
http://www.ksdk.com/news/article/269771/28/Man-makes-drinking-water-out-of-th...

Water out of air? A Texas man has invented a machine that does just that. The drought doesn't worry [inventor Terry LeBleu] because he has invented and patented a new machine. It's called the "Drought Master" and makes drinkable water out of air. "It pulls the air through it, pulls out the moisture, and exhausts the air," LeBleu says. Depending on humidity, the machine can make between five to seven gallons of pure water in one day. All you have to do is plug it in, and one gallon costs only 4 cents in electrical charges. An independent lab took samples of LeBleu's water and found it had no bacteria and is free of metals. Lab techs say it's similar to distilled water. Willie Nelson owns 50 of these machines, including an indoor version. Even Texas Governor Rick Perry owns one. But LeBleu wants his invention to benefit local farmers and ranchers. The machine is quieter than a refrigerator, and you only have to wash the filter every few years. Building one takes only two hours. The oldest model made is still up and running. It's been functioning for a decade.

Note: For a more detailed article, click here.


GE official sees cheaper solar power
2011-05-27, Boston Globe/Bloomberg News
http://articles.boston.com/2011-05-27/business/29600903_1_solar-panels-solar-...

Solar power may be cheaper than electricity generated by fossil fuels and nuclear reactors in three to five years because of innovations, said Mark M. Little, global research director for General Electric Co. If we can get solar at 15 cents a kilowatt-hour or lower, which Im hopeful that we will do, youre going to have a lot of people that are going to want to have solar at home, Little said. The 2009 average US retail rate per kilowatt-hour for electricity ranged from 6.1 cents in Wyoming to 18.1 cents in Connecticut, according to federal data. GE said in April that it had boosted the efficiency of thin-film solar panels to a record 12.8 percent. Improving efficiency, or the amount of sunlight converted to electricity, helps reduce costs. The panels will be made at a plant GE intends to open in 2013. Most solar panels use silicon-based photovoltaic cells. The thin-film versions, made of glass or other material coated with cadmium telluride or copper indium gallium selenide alloys, account for about 15 percent of the $28 billion in worldwide solar-panel sales. First Solar Inc. is the worlds largest producer of thin-film panels, with $2.6 billion in yearly revenue.

Note: For reliable reports on promising new energy technologies, click here.


Safe nuclear does exist, and China is leading the way with thorium
2011-03-20, The Telegraph (One of the UK's leading newspapers)
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/8393984/Saf...

A few weeks before the tsunami struck Fukushimas uranium reactors and shattered public faith in nuclear power, China revealed that it was launching a rival technology to build a safer, cleaner, and ultimately cheaper network of reactors based on thorium. Chinas Academy of Sciences said it had chosen a thorium-based molten salt reactor system. The liquid fuel idea was pioneered by US physicists at Oak Ridge National Lab in the 1960s. Chinese scientists claim that hazardous waste will be a thousand times less than with uranium. The system is inherently less prone to disaster. The reactor has an amazing safety feature, said Kirk Sorensen, a former NASA engineer at Teledyne Brown and a thorium expert. If it begins to overheat, a little plug melts and the salts drain into a pan. There is no need for computers, or the sort of electrical pumps that were crippled by the tsunami. The reactor saves itself, he said. US physicists in the late 1940s explored thorium fuel for power. It has a higher neutron yield than uranium, a better fission rating, longer fuel cycles, and does not require the extra cost of isotope separation. The plans were shelved because thorium does not produce plutonium for bombs. As a happy bonus, it can burn up plutonium and toxic waste from old reactors, reducing radio-toxicity and acting as an eco-cleaner.

Note: For a 30-minute documentary on the powerful potential of thorium as an energy source, click here. For many reports from reliable sources on promising new energy technologies, click here.


Fusion's Ups and Downs
2010-03-23, MSNBC
http://cosmiclog.msnbc.msn.com/archive/2010/03/23/2237165.aspx

This week, scientists gathered at the American Chemical Society's spring meeting in San Francisco to turn the spotlight on a highly unorthodox path: the effect known as cold fusion. This year's session featured nearly 50 presentations - including reports on batteries and bacteria that appear to exhibit the cold-fusion effect. Back in 1989, cold fusion was heralded as a simple, inexpensive way to get a power-generating fusion reaction on a desktop. But when the experimental results couldn't be reproduced, the researchers were driven into obscurity [and] the term "cold fusion" became synonymous with quackery. Chemists, however, have kept up their interest in the effect. Rick Nebel [has headed] up a handful of researchers following the less-traveled path to fusion at EMC2 Fusion Development Corp. EMC2 recently created a buzz in the fusion underground by reporting on its Web site that it successfully completed a series of experiments to "validate and extend" earlier results. The company is now using a $7.9 million contract from the U.S. Navy to build a bigger test machine. Nebel and his colleagues are now seeking contributions to fund the development of what they say would be a 100-megawatt fusion plant - a "Phase 3" effort projected to cost $200 million and take four years. "Successful Phase 3 marks the end of fossil fuels," the Web site proclaims.

Note: For a powerful, reliable documentary showing how promising results from cold fusion were strongly suppressed, click here. For lots of reports from reliable sources of new energy developments, click here.


The Bloom Box: An Energy Breakthrough?
2010-02-18, CBS 60 Minutes
http://www.cbsnews.com/stories/2010/02/18/60minutes/main6221135.shtml

In the world of energy, the Holy Grail is a power source that's inexpensive and clean, with no emissions. Over 100 start-ups in Silicon Valley are working on it. One of them, Bloom Energy, is about to make public its invention: a little power-plant-in-a-box they want to put literally in your backyard. You'll generate your own electricity with the box and it'll be wireless. The idea is to one day replace the big power plants and transmission line grid. K.R. Sridhar ... says he knows it works because he originally invented a similar device for NASA. He really is a rocket scientist. He invented a new kind of fuel cell, which is like a very skinny battery that always runs. Sridhar feeds oxygen to it on one side, and fuel on the other. The two combine within the cell to create a chemical reaction that produces electricity. There's no need for burning or combustion, and no need for power lines from an outside source. "It's cheaper than the grid, it's cleaner than the grid." Twenty large, well-known companies have quietly bought and are testing Bloom boxes in California. The first customer was Google. Four units have been powering a Google datacenter for 18 months. They use natural gas, but half as much as would be required for a traditional power plant. John Donahoe, eBay's CEO, says its five boxes were installed nine months ago and have already saved the company more than $100,000 in electricity costs. eBay's boxes run on bio-gas made from landfill waste, so they're carbon neutral. "In five to ten years, we would like to be in every home." [Sridhar] said a unit should cost an average person less than $3,000.

Note: To watch the fascinating 60 Minutes video clip of this amazing invention, click here. For other CBS videos clips on the Bloom Box, click here. For astounding news on other new energy sources and inventions, click here and here.


Inquiry Stokes Unease Over Trading Firms That Shape Markets
2009-09-04, New York Times
http://www.nytimes.com/2009/09/04/business/global/04optiver.html

Its superfast, supersecret oil trading software was called the Hammer. And if the Commodity Futures Trading Commission is right, the name fit well with an intricate scheme that allowed commodity traders in Chicago working for Optiver, a little-known company based in Amsterdam, to put their orders first in line and subtly manipulate the price of oil to the companys advantage. Transcripts and taped conversations of actions that took place in 2007 ... reveal the secretive workings of high-frequency trading, a fast-growing Wall Street business. Critics say this high-speed form of computerized trading, which is used in a wide range of financial markets, enables its practitioners to profit at other investors expense. Traders in the Chicago office of Optiver openly talked among themselves of whacking and bullying up the price of oil. But when called to account by officials of the New York Mercantile Exchange, they described their actions as just providing liquidity. In July 2008, the commission charged Optiver with manipulating the price of oil; negotiations over a settlement continue. The Securities and Exchange Commission has opened up an investigation into high-speed-trading practices, in particular the ability of some of the most powerful computers to jump to the head of the trading queue and in a fraction of a millisecond capture the evanescent trading spread before the rest of the market does.

Note: This and other reports likely show only the tip of the iceberg of how prices of key stocks and commodities are manipulated. For a great collection of reports from major media sources on the schemes and tricks used by financial corporations, 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.).


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.


Investors' Growing Appetite for Oil Evades Market Limits
2008-06-06, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2008/06/05/AR20080605043...

Hedge funds and big Wall Street banks are taking advantage of loopholes in federal trading limits to buy massive amounts of oil contracts, ... helping to push oil prices to record highs. The federal agency that oversees oil trading, the Commodity Futures Trading Commission, has exempted these firms from rules that limit speculative buying. The CFTC has also waived regulations over the past decade on U.S. investors who trade commodities on some overseas markets, freeing those investors to accumulate large quantities of the future oil supply by making purchases on lightly regulated foreign exchanges. Over the past five years, investors have become such a force on commodity markets that their appetite for oil contracts has been equal to China's increase in demand over the same period, said Michael Masters, a hedge fund manager who testified before Congress on the subject last month. The commodity markets, he added, were never intended for such large financial players. Commodities have become especially enticing to investors as the credit crisis has roiled other investment opportunities such as stocks and debt-related securities. The recent flood of investment money has transformed the markets for oil, as well as uranium, wheat, cotton and other goods, into a volatile realm that some insiders call the Wild West of Wall Street. Michael Greenberger, a professor at the University of Maryland and former CFTC commissioner, said there were loopholes the agency could close without much effort. "There's smoke here, and the CFTC hasn't wanted to look if there's a fire," he said. "But these are dark markets. They don't even know who's doing the trading."

Note: For revealing reports on financial corruption and criminality from major media sources, click here.


Cars that make hybrids look like gas guzzlers
2007-03-04, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/03/04/ING44OD4AS1.DTL

Toyota Prius owners tend to be a proud lot since they drive the fuel-efficient hybrid gas-electric car that's ... one of the hottest-selling vehicles in America. A few, however, felt that good was not good enough. They've made "improvements" even though the modifications voided parts of their warranties. Why? Five words: one hundred miles per gallon. "We took the hybrid car to its logical conclusion," [Felix] Kramer says, by adding more batteries and the ability to recharge by plugging into a regular electrical socket at night. Compared with the Prius' fuel efficiency of 50 mpg, plug-in hybrids use half as much gasoline by running more on cleaner, cheaper, domestic electricity. These trendsetters monkeyed with the car ... to make a point: If they could make a plug-in hybrid, the major car companies could, too. Kramer ... and a cadre of volunteers formed the California Cars Initiative (online at calcars.org). They added inexpensive lead-acid batteries ... giving the car over 100 mpg in local driving and 50 to 80 mpg on the highway. The cost of conversion is about $5,000 for a do-it-yourselfer. Several small companies like EnergyCS ... started doing small numbers of conversions for fleets and government agencies using longer-lasting, more energy-dense lithium-ion batteries. Kramer hired EnergyCS to convert his Prius and reported on a typical day of driving. Compared with driving his Prius before the conversion, he ... spewed out two-thirds less greenhouse gases at a total cost of $1.76 for electricity and gasoline, instead of the $3.17 it would have required on gasoline alone. People want plug-in hybrids but can't get them. Dealers don't sell them yet, and the few conversion services cater to fleets.

Note: For a video and educational package to guide those who want to build a 100 mpg car, see www.eaa-phev.org. For why the car companies with their massive budgets haven't developed cars like this, click here.


Important Note: Explore our full index to revealing excerpts of key major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.