m i market energy alternative energy News

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Obama Pumps Plan to Develop Renewable Energy

WASHINGTON -- President Barack Obama says one answer to high gasoline prices is to spend money developing renewable energy sources. "That's the key to helping families at the pump and reducing our dependence on foreign oil" in the long term, he said Saturday in his weekly radio and Internet address. Obama raises the...

Obama Says New Task Force Will Examine Gas Prices

LOS ANGELES -- President Barack Obama said Thursday that the Justice Department will try to "root out" cases of fraud or manipulation in oil markets, even as Attorney General Eric Holder suggested a variety of legal reasons may be behind gasoline's surge to $4 a gallon. "We are going to make sure that no one is taking...

Opinion: Why Aren't Environmentalists Cheering Higher Gas Prices?

As gasoline prices continue to rise faster than station owners can update their signs, so too have calls to do something about the problem. Some Democrats are calling on President Barack Obama to uncork the Strategic Petroleum Reserve to help ameliorate the pain at the pump. Republicans are renewing calls for more domestic...

Mass. Company Making Diesel With Sun, Water, CO2

CAMBRIDGE, Mass. -- A Massachusetts biotechnology company says it can produce the fuel that runs Jaguars and jet engines using the same ingredients that make grass grow. Joule Unlimited has invented a genetically-engineered organism that it says simply secretes diesel fuel or ethanol wherever it finds sunlight, water and...

Opinion: Obama's Underpowered Energy Policy

If President Barack Obama's budget proposal tracks the broad game plan for energy policy that he laid out in his State of the Union address, be prepared for a letdown when the numbers come out on Monday. For all of his "big ideas" -- from Sputnik to job creation, high-speed rail to high-speed Internet -- Obama offered...