U-Z

U.S. may create an ethanol reserve

U.S. Energy Secretary Samuel Bodman on Monday, February 5, said the U.S. may consider creating an ethanol reserve, or product or crude storage sites outside of the Gulf Coast, as part of its expansion of its strategic stockpile. The Department of Energy fiscal 2008 budget request, presented to Congress Monday, includes $168 million to begin the expansion of the Strategic Petroleum Reserve from its current capacity of 727 million barrels to 1 billion barrels.

Details Here: www.platts.com/Oil/News/6349495.xml?p=Oil/News&sub=Oil

first published week of:   02/12/2007

U.S. urged to ramp up geothermal power

Mining heat stored in rocks in the Earth's crust could meet a growing portion of U.S. electricity demand, replacing aging nuclear and coal plants with an environmentally friendly alternative, according to the Massachusetts Institute of Technology (MIT). An MIT study said the mining of thermal energy could be done on a far larger scale than conventionally known, reducing spiraling oil import bills and strengthening U.S. energy security. Geothermal power is already on the rise globally as expensive oil and gas make it increasingly competitive despite high capital costs.

Details Here: today.reuters.com/news/articlenews.aspx?type=scienceNews&
storyID=2007-01-22T061736Z_01_N21399355_RTRUKOC_0_US-THERMAL-ENERGY.xml

first published week of:   02/02/2007

Wind Power: World's Largest Wind Farm to be built in BC

Katabatic Power Corp., a privately held wind energy developer, announced a joint venture with Deutsche Bank AG to develop the world's largest wind farm located in Northwest British Columbia (BC).

Details Here: www.energycentral.com/centers/news/daily/article.cfm?aid=7648859

first published week of:   01/15/2007

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Volume 31

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