Saudi Arabia
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Last month, U.S. Energy Secretary Rick Perry signed an agreement with Saudi Arabian officials to research "carbon capture" technology for fossil fuels, the Department of Energy announced. Perry and Khalid Al Falih, the Saudi Minister of Energy, Industry, and Mineral Resources, signed a memorandum of understanding to "establish a framework for mutually beneficial cooperation in the area of clean fossil fuels and carbon management." The announcement doesn't detail how much the two countries may spend to research the technology, which has also been promoted by the U.S. coal industry. DON'T MISS...
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What does OPEC think about electric cars? Same as Exxon: no threatOPEC and ExxonMobil don't view electric cars as a threat.
Stephen Edelstein -
Oil is cheap, so Kuwait raised its own gas price to compensate
Kuwait is cutting fuel subsidies to compensate for lost oil revenue.
Stephen Edelstein -
Even Saudi Arabia vows to end its 'addiction to oil'
Saudi Arabia wants to diversify its economy.
Stephen Edelstein -
Saudi Arabia will have $2 trillion to figure out an economy after oil
Saudi Arabia plans to start a $2 trillion fund to keep its economy running after oil declines.
Stephen Edelstein -
Saudi Arabia Plans Emission Cuts...That Don't Reduce Fossil-Fuel Use
Saudi Arabia's proposal for upcoming climate-change talks is as much about preserving its economy as reducing carbon emissions.
Stephen Edelstein -
The United Arab Emirates plans to bring gas prices in line with international averages.
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Gas Prices To Plunge More After Oil Price Falls To 4-Year Low?
Oil prices are at their lowest levels in four years, and retail gasoline prices are likely to follow--more or less. Thursday, while the U.S. celebrated its Thanksgiving holiday, oil prices fell 7 percent after OPEC announced it would leave production levels unchanged, according to CNN. The price of...
John Voelcker -
Saudi Arabia Plans To Raise Fuel Economy--But Not Gas Prices
Whether you call them fuel-economy standards or carbon-emission limits, new vehicles sold in North America, Europe, China, and elsewhere are subject to regulations that will require them to get more energy-efficient. Now, another country is discussing new regulations that would require both new and...
John Voelcker -
U.S. Oil Future: Energy Independent By 2030, Bigger Than Saudis In 2020
In its 2012 edition of the World Energy Outlook, the International Energy Agency predicts that the U.S. will become the world's biggest oil producer within eight years. Yes, eight years -- as in, by 2020. And you know what else? The IEA predicts that we will become fully energy independent by 2030...
Richard Read -
Saudi Arabia Uses Your Gas Dollars To Fund...Solar Energy
Renewable energy, especially solar, is making inroads into the U.S. power grid, but it's a very slow process. And especially in the wake of the Solyndra collapse, it's one fraught with political wrangling. But there's another country that plans to invest heavily in solar power, hoping to provide...
John Voelcker
