"Amaranth Advisors, a hedge fund that collapsed in 2006, agreed to pay $7.5 million to settle accusations from regulators that it tried to manipulate natural gas futures."
Energy & Fuel
"The North Carolina State Senate has voted overwhelmingly to ban large wind turbines from the state’s scenic western ridgelines."
The new Sierra Suntower in Southern California's Antelope Valley uses 24,000 mirrors to concentrate light onto a tower that generates steam -- and enough electricty to power 4,000 local homes.
"Seeking to put the nation back in the lead on an important technology, the Obama administration awarded more than $2 billion in grants on Wednesday for manufacturing advanced batteries and other components for electric cars."
"The U.S. Senate approved and sent to the White House on Thursday a $2 billion extension of the 'cash for clunkers' autos sales incentive program."
Concerns continue to mount over the potential impact of wind-turbine blades on airborne wildlife. Hence, a consortium of experts has agreed on priorities for investigation, including turbine placement, design, and operation; aerodynamics of turbines, birds, and bats; and habitat, topography, and weather conditions.
The topic of weatherization might appear mundane, but the sheer magnitude of the current multi-billion-dollar program, and its relative importance in increasing energy efficiency and combating climate change, make it a story worth covering.
"The Senate reached a deal on saving the dwindling "cash for clunkers" program late Wednesday, agreeing to vote on a plan that would add $2 billion to the popular rebate program and give car shoppers until Labor Day to trade in their gas-guzzlers for a new ride."
"The current recession has caused the price of oil to drop -- most think temporarily. James Woolsey was the Director of the Central Intelligence Agency -- the CIA -- during the Clinton Administration. ... Woolsey has been arguing that, no matter what the price, dependence on oil is a national security problem that we need to solve."
"The Obama administration will suspend the 'cash for clunkers' program unless the Senate provides $2 billion more for the popular car incentive plan, Transportation Secretary Ray LaHood said Sunday."