USGS: Arctic Contains a Great Deal of Oil and Gas Written By: Miranda Marquit 2008-07-24 15:22:26 Photo: dfbarrero, Creative Commons, Flickr
The U.S. government estimates that a fifth of the world's recoverable and undiscovered oil and natural gas are in the Arctic.
Instead of mixing the ingredients and heating them for hours, the chemical engineers pass sunflower oil and methanol through a bed of pellets made from fungal spores. An enzyme produced by the fungus does the work -- making biodiesel with impressive efficiency.
One of the key issues with producing alternative energy is the efficiency factor. Until now, the energy it took to make biodiesel was rather large and prohibitive. It now looks like biodiesel could cost less than originally thought.
Venezuela Joins Others in Switching from U.S. Dollar Written By: Miranda Marquit 2007-09-17 11:59:25 Petroleos de Venezuela SA (also known as PDVSA - PVZ.YY), the state-run oil company (and parent of the U.S. Citgo) of Venezuela is being instructed to switch its accounts from U.S. dollars into euros. This is just another country in a line of countries that are steering oil from the U.S. dollar and requesting that investments and transactions be made in other currencies. Bloomberg reports on this move by Venezuelan president Hugo Chavez:
What Weatherford and the Oil and Gas Industry Isn’t Telling Us Written By: Jeanne Roberts 2008-08-04 11:58:50
Colorado's Oil and Gas Conservation Commission didn’t want to hear from her, but Nurse Cathy Behr, who works at the Mercy Regional Medical Center in Durango, Colorado, had her day in court anyway.
