Honda To Build Hybrid Motorcycles.
Honda Motor Co., the world’s leading motorcycle manufacturer, announced recently that it will be producing gas-electric motorcycle that would use a hybrid drivetrain. Fifty percent fuel economy is expected from the hybrid model. Honda plans to use lithium-ion batteries that will provide a range of about 60 miles. The range of the motorcycle is expected to be 30 kilometers in one charge.
Bill Gates Invests in Bio Fuels
The San-Diego based Sapphire Energy, is trying to make second generation bio fuels out of algae. The company hopes to make the fuel can be made available commercially in three to five years for a cost of $50 to $80 per barrel. It plans to produce about 10,000 barrels a day, and last May it announced that it succeeded in creating “ASTM-certifiable 91 octane gasoline”, the premium fuel at the pump, from algae. Bill Gates’ Cascade Investment is putting money in the firm.
US oil agency accused of ethics violations
The US interior department agency Minerals Management Service was accused of ethics violations, ranging from accepting high-priced gifts from energy companies and manipulating contracts to cocaine use and sexual misconduct. An investigation by Minerals Management Service Inspector General Earl Devaney revealed, nearly a third of the staff of the Denver Minerals Management Service office accepted gifts from oil and gas companies between 2002 and 2006. The report also says that several employees “frequently consumed alcohol at industry functions, had used cocaine and marijuana, and had sexual relationships with oil and gas company representatives”. MMS collects roughly $10 billion in royalties each year.
Google invests in Geothermal Energy
Geothermal energy is the heat of the Earth, which can be tapped into to produce electricity. Even though it has great potential as a renewable energy source it doesn’t get much attention it deserves. 2% of the heat below the United States at depths of 3-10 kilometers would be supply 2500 times the nation’s current energy needs. Through its philanthropic division Google.org, Google will be investing nearly $10.5 million into three projects researching advanced geothermal power. The technology Google focuses on is called EGS. EGS produces heat and electricity by harnessing the energy from hot rock deep below the earth’s surface, expanding the potential of traditional geothermal energy by orders of magnitude.
Last Month’s Oil Supply highest in history.
Last month’s oil production was the highest in the 48 years history of OPEC. Less demand and high supply helped to bring down the price to $113.50 a barrel, lowest since last April. The production increase was led by Saudi Arabia, which had come under increasing pressure for doing too little to compensate for lower supplies from countries outside OPEC. Less demand caused by economic slow down and high oil prices had also played a role in the fall of the oil prices.
Iran Test fired Long range Missiles.
Iran warned the United States and Israel it was ready to retaliate for any attack on their country,following the test fire of nine long range missiles. Iranian officials have said the missiles could reach targets 2,000 km away. Iranian President Mahmoud Ahmadinejad has insisted his country had no intention of attacking Israel. Crude Oil prise rose $2 to around $138 a barrel. Iran is the world’s fourth largest oil producer. The French, German and Italian governments expressed concern at the missile tests.
Image Credit:www.iranwatch.org
See Also:
Iran Launches rocket
Oil Price “fake & imposed”: Ahmadinejad
Iran’s president Ahmadinejad said, that the oil market is plentifully supplied and the rally to record high prices is “fake and imposed”. Iranian president also took aim at high energy taxes in consumer nations. He blamed the decreasing US dollar value and reiterated that oil should be sold in a basket of currencies rather than dollars. Iran has been accused by western nations of building nuclear weapons. Iran is the world’s fourth-largest oil exporter.
Tar Sands - Most destructive
A report by Environmental Defence calling the Alberta Oil Sands, the most destructive project on Earth. Some facts:
- Oil sands mining is licensed to use twice the amount of fresh water that the entire city of Calgary uses in a year.
- At least 90% of the fresh water used in the oil sands ends up intailing ponds.
- Processing the oil sands uses enough natural gas in a day to heat 3 million homes.
- The toxic tailing ponds are considered one of the largest human-made structures in the world. The ponds can be seen from space.
- Producing a barrel of oil from the oil sands produces three times more greenhouse gas emissions than a barrel of conventional oil.
Blood For Oil?
BloodForOil.org a must see site which contains a growing collection of free anti-war posters, anti-occupation posters, anti-empire posters, peace posters, bumper stickers, buttons and artwork by artists worldwide against war.
World opinion on Afghan war
A poll carried out by Gallup International in 37 countries found out that majority of the people opposed the war in Afghanistan. The poll also found that majorities in the US and Israel (both 56%) did not favor attacks on civilians. Even though the poll was conducted 6 years ago the results didn’t get much media attention.
(Photo Source:www.clackamasreview.com)
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