WASHINGTON – In a U.S. patent application, a little-known Maryland inventor claims a stunning solar energy breakthrough that promises to end the planet’s reliance on fossil fuels at a fraction of the current cost – a transformation that also could blunt global warming.
Inventor Ronald Ace said that his flat-panel “Solar Traps,” which can be mounted on rooftops or used in electric power plants, will shatter decades-old scientific and technological barriers that [...]
From Wall Street Pit:
If you are looking for an edge in terms of Thursday’s highly anticipated Fed announcement, the statements leading up to the announcement of QE2 in 2010 are an excellent place to start. Thus far, 2012 has not strayed far from the 2010 QE script, meaning we believe it is only a matter of time before QE3 is announced.
QE2: Winning ETFs
Should the Fed announce another round of asset [...]
June 20, 2012
As global energy supplies come under increasing attack by non-state actors and private energy holdings become key targets of political maneuverings and criminal activities, Oilprice.com discusses the nature of the growing threat and how to reverse the risk with “smart power.”
To help us look at these issues we got together with Corporate intelligence specialists Jellyfish Operations and security expert Jennifer Giroux.
Michael Bagley is the president of Jellyfish, a global boutique intelligence [...]
The question of whether conflict between US and China is inevitable is among the most important for the world as the US-China relationship, as JPMorgan’s Michael Cembalest notes, is likely to be one of the most important issues of the 21st century. The inevitability view is sometimes explained by the thesis that countries rarely rise economically without also doing so militarily. The chart below looks at the major economic powers of the [...]
From Carpe Diem:
I’ve written extensively over the last several years about how the shale gas revolution is transforming the U.S. economy in ways that would have been unimaginable a decade ago. Descriptions of this revolution include:
Mort Zuckerman: “The good news is that the United States is at the center of a global energy revolution. Our development of innovative shale-gas technology offers the prospect of a huge bonanza of natural gas. [...]
Saudi Arabia is taking steps to cool the overheating global energy market, boosting its exports to the US and re-opening old oilfields to expand production, as the world’s largest oil producer tries to prevent damage to the global economic recovery.
The Saudi cabinet on Monday said the kingdom would work “individually” and with others for the “return [of] oil prices to fair levels”. Riyadh recently said it aimed to keep [...]
A CEO allegedly lured foreigners to America to work for a nonexistent university before setting them up with jobs and stealing almost half of their salaries.
Kizzy Kalu, 47, of Colorado is facing charges of human trafficking in what the government described as an ‘elaborate scheme’.
He is accused of enticing foreign nurses to work as teachers at ‘Adam University’ in Denver, which his alleged accomplice, Philip Langerman, 77, had made up, [...]
Mr Obama is facing an extremely difficult task: remaining tough on Iran without sabotaging the US economic recovery. While the strategy of squeezing Iran financially is logical, it comes with serious economic risks that are not often recognised. We’ve entered a new era in which the distinction between the financial and security spheres no longer holds: geopolitics drive markets even as markets drive geopolitics.
Enforcing oil sanctions against Iran could [...]
It was innovative American frack production enhancement procedures that ignited the shale bonanza. But the race is now on for the next generation super-fracking techniques able to release further huge quantities of oil and gas at an even more commercially viable cost………
Shale gas‚’ contribution to the U.S. GDP in 2010 was over $76.9 billion. By 2015 it is projected to be $111.2 billion, by 2035, $231 billion. According to BP‚‘s [...]
Crude is less than $1 dollar from where it was before Obama made the controversial decision to tap the strategic reserves. Click chart for more on oil prices.
NEW YORK (CNNMoney) — Oil prices have surged in the last few days and are now less than a dollar from where they were when President Obama made the controversial decision to tap the nation’s strategic reserve [...]
The cartel of oil-producing countries will have $1 trillion (£600bn) in revenues for the first time this year, benefiting from high prices that may cause a “double-dip recession”.
Economists believe the oil price is still at a level near to tipping the global economy back into a downturn. Photo: AP
Forecasts from the US government show that the Organisation of Petroleum Exporting Countries (Opec), [...]
(Reuters) – Oil prices will rise and could harm the economy if an expected supply shortage materializes later this year, OPEC Secretary General Abdullah al-Badri said on Tuesday.
Consumer countries urged the Organization of the Petroleum Exporting Countries to pump more to replace supplies shut down in Libya and to prevent fuel inflation hurting economic growth.
Instead last week’s OPEC talks collapsed without a deal, [...]