US energy - Where's it come from - How it's used - How cap and trade might affect it

With all of the recent debates over Global warming or more aptly called climate change and the political debates on cap and trade taxation, it seems appropriate to do a few articles on where our energy really comes from and how it is utilized.

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A team of scientists based at the Royal Institute of Technology in Sweden have made a "revolutionary" discovery about how hydrocarbon is formed, learning that animal and plant fossils are not necessary to form crude oil. The discovery, the scientists say, means that the world wi …

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NEW DELHI, Aug. 4 (Xinhua) -- Indian Prime Minister Manmohan Singh has ensured that the India-ASEAN Trade in Goods Agreement would protect the interests of Indian farmers by yielding no tariff concession to ASEAN countries, said a senior Indian government official on Monday.

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Oil prices on Thursday set a new high for the year, buoyed by a weaker dollar and the first drop in unemployment since January.

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"...Rotterdam can store 11.9 million cubic meters of crude, port data from 2007 show. That's equal to about 75 million barrels or enough to supply the 27-nation European Union for about five days....."

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Often stymied in their quest for new crude, Western oil companies are squeezing more out of the reserves they already have.

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It is starting to appear that a Moore's Law of endlessly doubling technological innovation may be just around the corner for the solar power industry, along with drastically falling prices for photovoltaic cells.

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Norway's Frontline (FRO.OL: Quote, Profile, Research), one of the world's biggest oil tanker owners, said on Friday oil firms were storing "about" 80 million barrels of crude oil at sea, possibly the highest in a quarter of a century.

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In July the pundits were predicting oil hitting $200 a barrel. Now it is $37. Be prepared for the gas companies to 'punish' us for reducing use by raising prices. It is already happening even with the low price of crude.

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OPEC Cutting Production to Raise Prices? America's Answer

In a previous article, this writer talked about how gas prices came down, at least partially, because Americans started conserving gas. One of the major points of the article was the amount of oil America saved. When gas prices spiked in 2008, the U.S.

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How much oil does the United States import from "those countries who do not like us?"

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The OPEC cartel on Friday decided to slash oil production by 1.5 million barrels a day as of next month in an attempt to stem plunging prices for crude.

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NEW YORK: Oil prices plummeted Thursday, falling below $70 a barrel for the first time in 16 months, prompting the OPEC oil cartel to call for an emergency meeting next week. ...

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Researchers in Iran are publishing what they describe as the first study on a fungus that can remove sulfur, a major source of air pollution, from crude oil more effectively than conventional refining methods.

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Lines eased somewhat Tuesday in Atlanta, the largest city hit by a hurricane-induced gas shortage in the southeast, as Georgia's governor waited for a White House answer to his request to release more crude oil.

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With the Price of Curd Oil steadily dropping, hurricane season provides an excellent opportunity for Gasoline Retailers to cash in on impromptu panic buying with a nice profit.

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Saudi Arabia walked out on OPEC yesterday. It said it would not honor the cartel's production cut. It was tired of rants from Hugo Chavez of Venezuela and the well-dressed oil minister from Iran.

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Crude oil headed for its biggest weekly gain in almost two months and natural gas rose as producers evacuated rigs before the arrival of Gustav, forecast to be the largest hurricane in the Gulf of Mexico since Katrina.

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Oil prices dove to $115 a barrel on Friday, when crude oil suffered a weekly loss of nearly $10 a barrel, driving the Dow Jones industrial average up more than 300 points. With energy losing its luster in the marketplace, the cost of roadside gasoline has been crawling lower.

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Bloomberg reports: Crude oil fell for a second day as signs that the global economy may slow further prompted investors to sell commodities.

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Oil Speculation Makes No Difference in Price... And is Actually Helping the Economy

Every conversation about gas prices recently has included complaints, ranging from grumbles to shouted accusations, that gas speculation is positively ruining the market. And Congress is considering about ten bills that will limit oil speculation in regulated markets.

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DEERFIELD BEACH - U.S. Rep. Ron Klein announced a "Declaration of Energy Independence" Thursday, a plan he hopes to push through Congress that he says will help the country with what he calls an "addiction to oil."

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Let's see, John McCain wants to drill offshore to increase oil supply and lower gas prices. Barack Obama says he wants to protect the environment and maintain the ban on such drilling. What is a voter to do?

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Oil Prices: Not Iraq or Bush, but simple Supply & Demand

Filling up my gas-efficient Honda costs me about fifty dollars, a figure I once associated with a full tank of gas for my not-so-gas-efficient Jeep.

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Bloomberg reports: Crude oil rose to a record after a fire cut North Sea output and the dollar declined against the euro, bolstering the appeal of commodities.

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