by Darrell Delamaide (Oilprice.com/Time Magazine) Decreasing prices in solar power could provide opportunities for oil-poor countries ... The recent decline in oil prices won’t make solar power uneconomic, the influential official said. “I believe solar will be even more economic than fossil
By Gaurav Agnihotri (OilPrice.com) History has been so fascinated with oil and its price movements that it is indeed hard to imagine our future without oil. Over the last few months, we have witnessed how oil prices have fluctuated from
by James Stafford (OilPrice.com) Saudi Arabia continues to ratchet up production, taking market share away from U.S. shale producers. According to OPEC’s latest monthly oil report, Saudi Arabia boosted its oil output to 10.31 million barrels per day in April, a
by Martin Tillier (OilPrice.com) ... The low price brigade cites another factor in making their predictions, the rise of alternative energy sources. There is no doubt that there have been significant advances in that area, particularly in wind and solar power, but,
by Imran Khan (Algae Industry Magazine) The global demand for fossil fuels is swelling against a tight economic environment and the Middle East is no exception. The domestic consumption of energy in the region is increasing at an astonishing rate.
by Jim Lane (Biofuels Digest) ... Here’s what’s going on, as illustrated in this EIA chart, which shows the imbalance between increases in demand and the increases in non-OPEC production. In short, non-OPEC oil is being dumped on the market faster
by Alex Lawler, Amena Bakr and Dmitry Zhdannikov (Reuters) Saudi Arabia's oil minister told fellow OPEC members they must combat the U.S. shale oil boom, arguing against cutting crude output in order to depress prices and undermine the profitability of
by John Voelcker (Green Car Reports) ... Now, another country is discussing new regulations that would require both new and imported used vehicles to meet minimum gas mileage standards. That country is the Kingdom of Saudi Arabia. Energy use exceeds growth The reason
(Americans United for Change/Biodiesel Magazine) Pro-renewable fuel standard, pro-American jobs groups Americans United for Change and VoteVets.org held a press call April 30 to reveal damaging IRS documents showing that Saudi oil money is clearly helping finance the millions of dollars
by Ron Kotrba (Biodiesel Magazine) Portugal-based biodiesel technology provider Incbio announced it has signed an agreement with Saudi Arabia-based Bio Renewable Energy Factory to supply a 40,000 ton per year (12 MMgy) ultrasonic biodiesel refinery. BREF plans to use animal
(MENAFN-Arab News) Saudi Arabia will be one of the few algae producing countries around the world, with production capacity expected to reach 30,000 tons by 2014, said Jaber Al-Shehri, undersecretary of research and agricultural development at the Ministry of Agriculture. A
by Ron Kortrba (Biodiesel Magazine) Saudi Arabia-based National Prawn Co. and the German chemical giant BASF have signed an agreement to work together in developing algae technology. NPC is experienced in designing, building and operating large manmade lakes for its
(25 x '25) ...It is interesting to see the advances in renewable energy being made in, of all places, nations with the largest oil reserves in the world. According to a recent report from Ernst and Young, Saudi Arabia, along
by Jim Lane (Biofuels Digest) In California, Global Clean Energy Holdings announced that it has acquired Sustainable Oils, a leader in Camelina genetics and production. The acquisition includes 100% ownership interest of Sustainable Oils and the ownership of the key intellectual
(Saudi Gazette) Sinnar state signed a partnership with the Saudi Tala Company to produce sugar, ethanol and bio-fuel in Sinnar state from the Jatropha tree to be cultivated in an area estimated at 165,000 acres at a cost of $650
by Amit Mitra (The Hindu Business Line) Bio-fuel maker Biomax Fuels has set up a 50:50 joint venture with the Jeddah-based Middle East Environment Protection Co to set up the first bio-fuel plant in Saudi Arabia. The $40-million plant, which is
by John Daly (OilPrice.com) Renewable energy, currently a Republican object of derision and attack on the Obama administration in next month’s U.S. presidential election, may have found a most unlikely ally. Saudi Arabia. In an exclusive, Britain’s “Guardian” newspaper is reporting that
(Algae Industry Magazine) Salman Zafar writes in Ecomena.org that King Abdulaziz City for Science & Technology is funding an innovative project called the Saudi Arabia Biorefinery from Algae (SABA) Project, to screen species for lipid hyper-producers in Saudi Arabian coastal waters.
by Brent Erickson (BIO/Biofuels Digest) Despite oil industry claims of “$10 million in fines for non-existent fuels” – they paid exactly $19,010.16 for cellulosic ethanol waivers in 2010, costing US consumers 14 millionths of one penny per gallon. So why
(AgriMarketing) ...Culminating years of U.S. Grains Council efforts, the Kingdom of Saudi Arabia has added corn gluten feed (CGF) and distiller's dried grains with solubles (DDGS) to its import feed ingredient subsidy list, creating a strong incentive for sales. It
(CNN) ...In an interview broadcast Sunday on "CNN's Fareed Zakaria GPS," the grandson of the founding king of modern Saudi Arabia said the oil price should be somewhere between $70 and $80 a barrel, rather than the current level of
by Kevin G. Hall (McClatchy Newspapers) When oil prices hit a record $147 a barrel in July 2008, the Bush administration leaned on Saudi Arabia to pump more crude in hopes that a flood of new crude would drive the
by Querubin J. Minas (The Saudi) In line with the Saudi government’s initiative to diversify energy resources and promote clean environment at the same time, a US company is introducing an innovative, versatile biofuel solution to produce ethanol using
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