August 20, 2009

Offshore Drilling Debated: Feasibility Study Expected in Coming Days
By Adva Saldinger

A group of elected officials, business representatives and environmental advocates agreed on little Wednesday at a lively meeting about offshore energy production except that it is a timely issue to discuss. Read more >

Source: The Sun News, Myrtle Beach, S.C.

August 19, 2009

Crude Oil Market Disconnect: A Problem Emerging
By G. Allen Brooks

Last week crude oil prices bounced back above $70 a barrel before closing at $67.51, down $3.01 on Friday. As the chart of oil prices for the past six months shows, there has been a strong recovery this year, especially following the correction in July. Last week, oil prices closed above $70 on three of the five days, and on Friday the week before, they nearly reached $73 a barrel. This price action came in the face of continued government reports of crude oil inventories building and Frontline (FRO-NYSE), a large oil tanker operator, saying that the volume of crude oil in ships being used as storage had increased from 80 million to 100 million barrels. Read more >

Source: Parks Paton Hoepfl & Brown

August 18, 2009

Ontario to launch wind forecasting service in 2010

VANCOUVER, British Columbia (Reuters) — The Canadian province of Ontario plans to launch a centralized wind forecasting service next year, its bulk electricity manager said on Tuesday, as it tries to add more wind-generated energy to its grid. Read more >

Source: Reuters

June 8, 2009

State pegs wind energy possibilities
By Pete Daly

The Wind Energy Resource Zone Board established by Michigan law last fall has issued a report proposing four specific regions in Michigan with the highest potential level of commercial wind energy development.

One of the regions, designated Region 1, is made up of parts of seven townships in inland Allegan County: Casco, Clyde, Fillmore, Ganges, Laketown, Lee and Manlius. The other three regions include the Thumb - where there already are commercial wind farms - plus parts of Antrim and Charlevoix counties, and parts of Benzie, Leelanau and Manistee counties. Read more >

Source: Grand Rapids Business Journal