"BP has taken the axe to its solar power business, saying it 'can't make any money' from selling panels at a time when it continues to spend $20bn annually on oil and gas developments."
"Robert Finne was talking with a friend about the Arkansas Oil and Gas Commission earlier this year when they both started wondering, 'Who are these people?' So they wrote to the commission and asked. Finne, a critic of gas drilling in the Fayetteville Shale, was surprised to learn that most of the commissioners owned oil and gas drilling companies. 'I knew the cards were stacked against us, but I had no idea how badly,' Finne said."
Mike Soraghan reports for Greenwire December 19, 2011.
"The Organization of the Petroleum Exporting Countries agreed on Wednesday to increase its production target for the first time in three years, a move that appeared to signal that Saudi Arabia and Iran had put aside their recent differences on oil policy, at least temporarily.
"Despite lower demand, more than $448 billion has been paid so far for fuel — $100 billion more than in 2010. Consistently high oil prices are blamed."
"If you want something from Congress, there are probably only about four shopping days left until Christmas, because most members of the House and Senate seem likely to go home on Friday. One big item on the green list is an extension of the production tax credit for wind energy, and the industry’s trade association, the American Wind Energy Association, released a dire study on Monday about what will happen without it."
"Grain prices are tempting farmers to plow up protected land, even as conservation subsidies shrink."
"Google Inc has abandoned an ambitious project to make renewable energy cheaper than coal, the latest target of Chief Executive Larry Page's moves to focus the Internet giant on fewer efforts."
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