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Crude futures close lower, lose nearly 1% on the week

MarketWatch -- SAN FRANCISCO (MarketWatch) -- Better-than-expected news on the all-important job front was not enough to lift crude-oil futures on Friday, even though prices came off their lows.

Crude for October delivery lost 42 cents, or 0.6%, to $74.60 a barrel on the New York Mercantile Exchange after posting steeper losses earlier. Oil lost 0.8% this week, following gains of nearly 2% the week before.

Prices fell even though stocks rose and the dollar weakened, sending a powerful bearish message that took a mild decline earlier Friday into a full-blown slump.

"If the bulls cannot rally when equities are higher and the dollar is weaker, it should tell you how concerned they are about the American consumer," said Hamza Khan, an analyst with The Schork Report in Philadelphia.  (go to article)

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Is “The Day After Tomorrow” Happening Today — Ice Age Immine

Prison Planet -- In the movie The Day After Tomorrow, the North Atlantic Current essentially shuts down, which prevents warm equatorial waters from reaching Northern Europe and Northeast United States. The result is an immediate climate shift into an Ice Age. For dramatic cinematic effect the Ice Age unfolds rapidly with a massive storm. Indeed, there is evidence that some Ice Ages in history did occur nearly overnight due to cataclysmic events like the oceans conveyor belts grinding to a halt — animals and cavemen were frozen nearly in an instant.

On August 29th, Lord Stirling issued a scary report warning that, “The North Atlantic Current is Gone.”  (go to article)

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Labor Day Traffic Jams: Lost Male Drivers Waste $3,000 in Ga

Aol News -- (Sept. 3) -- Men waste more than $3,000 in fuel costs because they refuse to ask for directions when lost, according to a British study released as motorists across the U.S. prepare to load up their cars for the long Labor Day weekend.

The research, commissioned by British insurance company Sheila's Wheels, revealed that male drivers travel 276 unnecessary miles each year because they stubbornly reject help when lost.

In what might not be shocking news for female passengers, the survey found that more than a quarter of men polled said they would wait at least half an hour before asking for directions when lost.

One in 10 male drivers refuses to ask a stranger for help at all, the survey found.
The survey suggested that "lost drive time could cost as much as 2,000 pounds [just over  (go to article)

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» Read more Autos Articles Autos > Research > Articles

SMARTMONEY -- 1. “These cars cost me less than you think.”
As car dealers try to move inventory off their lots, consumers can exert more leverage in their buying power and try to negotiate the lowest price possible.MORE AT SMARTMONEY.COM
» 10 Things Auto Insurers Won’t Tell You
» 10 Things Car-Leasing Companies Won’t Say
» 10 Things the DMV Won’t Tell You
And, with online buying and selling, consumers can arm themselves with more research before making an offer: Car-buying sites like CarsDirect.com provide a car’s invoice price and the manufacturer’s retail suggested price (or MSRP), and consumer information hub Edmunds.com even lists cars’ invoice prices with various options.
 (go to article)

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EPA to issue more rules in climate fight

MSNBC -- ...
The EPA has worked with the Department of Transportation to set new fuel-efficiency standards, as well as the first greenhouse gas emissions rules, on cars and light trucks. More standards for vehicles sold after 2017 are expected to be released later this month.

The EPA also has moved to regulate greenhouse gases from stationary sources such as power plants and factories.

Starting next year the EPA will require large power plants, manufacturers and oil refiners to get permits for releasing greenhouse gas emissions, though details are unclear.

The EPA will also require industrial sources to submit analyses on the so-called "best available technology" they could add to their plants to cut emissions under the existing Clean Air Act.

 (go to article)

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Court reinstates markup law for Wisconsin gasoline

YAhoo/Associated Press -- A federal appeals court on Friday reinstated Wisconsin's 71-year-old minimum markup law on gasoline, a decision that could save some jobs but increase the cost of gas.
Siding with an association representing small gas station owners, the 7th Circuit Court of Appeals ruled the law that requires retailers to sell gas above cost does not encourage illegal price-fixing.
The court lifted an order imposed last year that put enforcement of the law on hold after U.S. District Judge Rudolph Randa concluded it violated federal antitrust law and increased the price at the pump by up to 30 cents a gallon.  (go to article)

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Payne: The irony of Jesse Jackson's stripped SUV

The Detroit News -- Add Jesse Jackson’s ride to prominent vehicles being stripped in Detroit.

Following the embarrassing news that Mayor Dave Bing’s GMC Yukon was hijacked by criminals this week, Detroit’s Channel 7 reports that the Reverend’s Caddy Escalade SUV was stolen and stripped of its wheels while he was in town last weekend with the UAW’s militant President Bob King leading the “Jobs, Justice, and Peace” march promoting government-funded green jobs.

Read that again: Jackson’s Caddy SUV was stripped while he was in town promoting green jobs.

Add Jesse to the Al Gore-Tom Friedman-Barack Obama School of Environmental Hypocrisy. While preaching to Americans that they need to cram their families into hybrid Priuses to go shopping for compact fluorescent light bulbs to save the planet, they the  (go to article)

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Auto Bits: Simple tips to keep your vehicle running its best

hollandsentinal.com -- GateHouse News Service
Posted Sep 03, 2010 @ 08:22 AM
Tip of the Week

As the summer finally begins to wind down, it's important to make sure your car is properly prepared for cooler weather and weekend road trips. Since a car is typically the second largest investment Americans make, and families are now keeping their vehicles longer than ever, protecting and maintaining this investment is key to keeping cars running smoothly and efficiently.
 (go to article)

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Gas Mileage Tips

fueleconomy.gov --
Here are some tips to help you reduce the amount of gas you use. If you are already following these tips, you are probably getting the best gas mileage your car can deliver. Drive more efficiently

Keep your car in shape

Plan & combining trips

Choose a more efficient vehicle

MotorWeek video shows how driving style can affect MPG and offers tips on how to improve fuel economy MotorWeek Video (5.6 MB)
Text Version
MotorWeek segments provided by Maryland Public Television


Finally, we provide some useful links if you are interested in more information.























































go to article)

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Prices jump just before Labor Day in some areas

GasBuddy Blog -- Just as some newspapers took to the press across the nation, gas prices shot up in areas of the Midwest yesterday. While some communities are seeing and enjoying falling prices, that certainly isn't true in parts of the country.

For those highway travelers- beware... many stations with a close proximity to major roads raise their prices slightly to make sure their margin is healthy. What that means for you- you'll have to be smart to avoid those stations, and what better way to outsmart them by using our GasBuddy apps and mobile site to beat the stations raising prices?

Beyond that, this Labor Day weekend will feature average prices that are slightly over a dime more expensive than last year. In 2009, prices over the long...  (go to article)

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Big SUV Death Rattle

Fortune / Yahoo.news -- Looking for bright spots in auto sales so far in 2010 is like hunting for diamonds in a parking lot at Wal-Mart. You are hard pressed to find anything, and when you do, you have to examine it closely to determine its actual worth.

Some analysts have seized on a zircon they may be mistaking for a diamond: the surge in sales of big SUVs. According to Dave Cutting of JD Power, sales of large utilities like the Chevrolet Suburban have risen 22%, while large premium utilities, exemplified by Mercedes' GL 450, are up 21%.

That's in an overall market up only 15%.

The mini-boom in SUVs is thought to be a sign that ... like frogs in boiling water Americans have become accustomed to higher gasoline prices...Customers are hurrying to buy SUVs before they become extinct....  (go to article)

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Watch those gas pumps; prices expected to fall

Asspociated Press -- Gasoline prices have been falling for weeks, and they could go even lower as autumn's leaves begin to drop.

The national average for a gallon of unleaded regular was $2.681 on Friday, according to AAA, Wright Express and Oil Price Information Service. That's 6.6 cents lower than a month ago and 8.5 cents higher than a year ago.

The national average has stayed below $3 a gallon for nearly two years, and most analysts think it won't return to that level anytime soon.

"We've got gasoline supplies moving higher rather than lower so until we get unemployment down, you're just not going to see much of an increase in gasoline demand," said Jim Ritterbusch, president of energy consultancy Ritterbusch and Associates.
 (go to article)

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VeraSun to farmers: Pay us back

Omaha World-Herald -- Nebraska farmers who sold corn to the former VeraSun Energy Corp. have been receiving notices from law firms in New York demanding that they pay back any money received from VeraSun 90 days prior to the company filing Chapter 11 bankruptcy Oct. 31, 2008.

The money is to be returned to the bankruptcy-reorganized VeraSun.

VeraSun operated ethanol plants in Ord, Central City and Albion.

An informational meeting is planned for 7 p.m. Wednesday at the Valley County Fairgrounds in Ord.

Farmers and any other corn suppliers or vendors need to respond to the notices in order to avoid losing their rights or defenses by default, said Tom Kruml of Stowell, Kruml & Geweke, a law firm in Ord.

More than $100 million could be at stake.  (go to article)

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Greenpeace activists arrested in Greenland

CBC --
Four Greenpeace activists have been arrested after they climbed onto an oil rig off Greenland this week, trying to halt Arctic offshore drilling there.

The four activists were arrested early Thursday and are currently being held in police custody in Greenland, according the environmental activist group.

The protesters had breached a 500-metre security perimeter around Cairn Energy PLC's Stena Don rig off the western Greenland coast on Tuesday, climbed onto the rig and fastened themselves onto it with hanging tents suspended from ropes.  (go to article)

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BP Gulf oil spill costs hit $8B

CBC -- BP says it has so far spent roughly $8 billion responding to the disastrous oil well blowout in the Gulf of Mexico.

A remotely operated vehicle near the site of the damaged well in the Gulf of Mexico is shown in this picture captured from a BP live video feed this week. (BP/Reuters)
The company says the total included $399 million paid to settle 127,000 claims from businesses and others affected by the oil spill.

The oil company said more than 28,000 people and 4,000 vessels are still engaged in responding to the spill.  (go to article)

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Fuel tanker aground in Northwest Passage

CBC News -- A fuel tanker carrying 9½ million litres of diesel fuel has run aground in the Northwest Passage, the Canadian Coast Guard confirmed Thursday.
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Trigatti said the situation is stable and the modern, double-hulled ship wasn't damaged on impact. "And there's been no report of danger to the crew or loss of any product or pollutant," he said.
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Woodward's is a major oil supplier to Canada's Arctic. The tanker has been carrying diesel to resupply Gjoa Haven and other remote communities in the region.
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Woodward's has worked out a plan with the Nunavut government to free the beached tanker. Fuel will be pumped from it to another tanker until the stranded tanker is light enough to float. That operation could take more than a week
 (go to article)

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Forced to be foolishly fuelish

NMPolitics.net -- Shuckins! At my gas station this week was the dreaded note on the pump: “This gasoline now contains ethanol.” I have changed stations several times this last year to keep from buying E10, gasoline laced with 10 percent ethanol. This move to ethanol laced gasoline is political in nature. I have three major objections to being forced to use E10.

First, the BTU (energy) content of E10 is not as high as regular gasoline, so I surrender gas mileage. I already drive carefully and under the speed limit to boost gas mileage so this will not “break the bank” in my life. However, I do not want to spend money foolishly fuelish.

Further, my 1998 Mercury Grand Marquis reacts to E10 with a warning to “Check Engine” which means the oxygen sensors in my car puke with E10.  (go to article)

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A 1931 Detroit Electric car heads to the auction block

USA Today -- When the Nissan Leaf and Chevrolet Volt go on sale in December, they should give a spark of recognition to their forebears -- cars like this 1931 Detroit Electric Model 97 Brougham.

Old Sparky is going on the auction block this weekend in Auburn, Ind.

By 1931, it was pretty clear that gasoline was going to kill electric power. But Detroit Electric would live on for eight more years:

Detroit Electric produced its first electric car in 1907, a time when it was entirely unclear whether electricity or gasoline -- or both -- would become the fuel of choice for a fast-growing motoring America. Well, we all know how that turned out. One huge advantage for electric power: It was clean and there was no crank starter like on gas models.  (go to article)

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Ford using liquid battery coolant in electric cars

Bloomberg BusinessWeek -- Ford says its Focus Electric compact car, which comes out late next year, will use cooled and heated liquid instead of air to regulate the temperature of its lithium-ion battery.

It's the same liquid-based technology that General Motors is using for the battery in its Chevrolet Volt electric car, which is scheduled to go on sale in November. Compact Power Inc., a subsidiary of Korean battery maker LG Chem, is making the batteries for both automakers.

The Nissan Leaf, an electric car set to debut in December, uses an air-cooled lithium-ion battery.

Ford says liquid systems are more effective than air ones at regulating battery temperatures. But the Leaf has matched the Volt's eight-year, 100,000-mile battery warranty.  (go to article)

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Lift liability cap for oil spills

Miami Herald --
Senate dawdles while Gulf mishaps continue
Foot-dragging and partisan politics are likely to replace common sense this fall in the U.S. Senate.

The Deepwater Horizon exploded four months ago, apparently long enough to fog lawmakers' memories and dampen the political will required to reform a poorly regulated industry.

Among the many proposals before the Senate is one that would lift the liability cap for companies responsible for damaging spills. This is a no-brainer.

In 1990, lawmakers capped liability at $75 million, a preposterously low sum compared to Deepwater damage claims.

Even BP knew the sum was too low and quickly agreed to a $20 billion compensation fund. But oil industry lobbyists are pushing hard against lifting the cap, and lawmakers are listening with open wa  (go to article)

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Oil eases, all markets wait for U.S. jobs data

Reuters -- (Reuters) - Oil eased on Friday as the market joined in the wait for monthly data from leading energy consumer the United States and Hurricane Earl posed a potential threat to the nation's east coast refineries.

U.S. crude for October dropped 38 cents to $74.64 a barrel by 0920 GMT, on track for its third weekly drop in four weeks, while ICE Brent declined 42 cents to $76.51.

U.S. inventory data on Wednesday showed fuel stocks had reached their highest since weekly records began in 1990.

Still the market managed to settle above $75 for the first time this week on Thursday after positive weekly U.S. jobs data drove expectations a double-dip recession could be avoided.

The link between the economy and demand for fuel has helped to keep oil prices closely tuned to other asset clas  (go to article)

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Obama on Detroit Big 3: 'Why can't they make a Corolla?'

USA Today -- White House Chief of Staff Rahm Emmanuel drops f-bombs when talking about the United Auto Workers union. Fiat CEO Sergio Marchionne -- even though Italian is his first language -- drops f-bombs when accusing Chrysler execs of talking down to him. And President Obama stays away from salty language but wonders aloud why the U.S. automakers couldn't they just "make a Corolla," an apparent referece to the popular Toyota sedan's reputation for reliability at the time.

It is all reportedly part of the new tell-all book from Steven Rattner, who served on the White House task force aimed at nursing General Motors and Chrysler through bankruptcy and back on the road to recovery last year, the Huffington Post says. He portrays Obama as fairly even handed,  (go to article)

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Study: Cash For Clunkers Was A Wash

http://www.npr.org/blogs/money/2010/09/02/129608251/cash-for-clunkers -- The government's "cash for clunkers" program boosted auto sales by 360,000 during the two months it was in place, according to a new study.

But in the seven months that followed, sales were down by 360,000 compared to what they would have been without the program, the study found.

The implication: The program didn't bring new buyers into the market. But it encouraged people who would have bought a car anyway to make their purchase a few months sooner.


Under the program, the government paid people about $4,000 to trade in old cars for newer, more fuel efficient ones. The idea was to both stimulate the economy by driving up auto purchases, and improve the efficiency of all cars on the road.  (go to article)

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Ford unveils new 2011 F-150 SVT Raptor

Detroit Free Press --
Ford will add a four-door crew cab version of its F-150 SVT Raptor off-road performance pickup for the 2011 model year.

In addition to the new four-door model Ford will make the previously optional 411-horsepower 6.2-liter V8 standard equipment on 2011 Raptors.
The Raptor is seven inches wider than a standard F-150 to make room for a seriously upgraded suspension for high-speed off road racing. The Raptor rides on 35-inch Goodrich all-terrain tires. The crew cab Raptor should reach dealers late this year. Picture received Sept. 2,2010 from Ford Motor Company  (go to article)

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Gas Prices rise this weekend.

Journal News -- Those finding themselves with an empty gas tank this holiday weekend will pay a heftier price to refuel, according to web sites that gauge gas prices across Ohio.

The price of a gallon of regular gasoline will rise by 25 to 30 cents Friday, Sept. 3, along the Cincinnati-Dayton corridor, as motorists hit the road for Labor Day weekend, according to CincinnatiGasPrices.com.

Patrick DeHaan, senior petroleum analyst for GasBuddy.com in Grand Rapids, Mich., another gas-pricing website, said many stations in the area of Butler and Warren counties raised gas prices to $2.75 a gallon Thursday.

 (go to article)

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BP warning: Proposed drilling limits imperil oil spill payou

The New York Times (MSNBC) -- BP is warning Congress that if lawmakers pass legislation that bars the company from getting new offshore drilling permits, it may not have the money to pay for all the damages caused by its oil spill in the Gulf of Mexico.

The company says a ban would also imperil the ambitious Gulf Coast restoration efforts that officials want the company to voluntarily support.
 (go to article)

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The Good, the Bad, the Luxury Hybrid

MSN Auto -- Surprisingly, hybrid propulsion technology and luxury cars seem to go together like peas and carrots. Unlike their paltry-priced cousins that offer impressive fuel efficiency and give their owners that warm, fuzzy feeling that comes from driving a more eco-conscious conveyance, luxury hybrids offer something more: performance and amenities equal to or better than their gas-powered cousins. Well, in theory, anyway. Some do a better job than others. From the stately Lincoln MKZ Hybrid to the BMW X6 ActiveHybrid, we present five of the latest luxury fuel-sippers worthy of your hard-earned cash, and five that don't live up to the hype.  (go to article)

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Hydrogen Fuel Cell Cars In 2012 (Hyundai To Sell)

inhabitat.com -- By Timon Singh

"Hyundai has announced that they will sell hydrogen fuel cell cars starting in 2012 – three years before Toyota, Honda..."

"Seeing that renewable energy is becoming decidedly cheaper... Hyundai has said that will deliver the world’s first series production fuel cell vehicle in 2012, with 500 hydrogen vehicles rolling off the line that year and more afterwards."

"Hyundai plans to increase production of hydrogen fuel cell vehicles up to 10,000 units by 2015, the year when most other automakers will be just getting started on their FCVs. (FUEL CELL VEHICLES)

"With hydrogen refueling stations becoming more commonplace and the cost of hydrogen fuel cells dropping, customer demand is very likely to increase,...Hyundai plans to beat Toyota’s price tag of $50,000."  (go to article)

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280 Car Charging Stations set for Michigan

Detnews.com -- By Christina Rogers

Detroit -- About 4,600 electric vehicle charging stations will be installed throughout the country -- including 280 in Michigan -- under a federally funded program, ChargePoint America, designed to build a fueling network for electric cars, industry and state officials said Thursday.

Detroit's alternative energy incubator, NextEnergy, in the New Center got the state's first charger under the program but more are expected to go up in Dearborn, Flint, Ann Arbor and other parts of Detroit. Homeowners, businesses and communities are eligible to apply for a charging station. Those chosen get the station for FREE.

The $37 million program, partially funded by a $15 million federal stimulus grant, aims to help communities prepare for a possible influx of electric vehicles  (go to article)

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Temporary Cap Removed From Blown-Out Gulf Well

Fox News\ AP -- Engineers removed a temporary cap Thursday that stopped oil from gushing into the Gulf of Mexico from BP's blown-out well in mid-July. No more oil was expected to leak into the sea, but crews were standing by with collection vessels just in case.

The cap was removed as a prelude to raising the massive piece of equipment underneath that failed to prevent the worst offshore oil spill in U.S. history.  (go to article)

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What makes the 2 Gulf oil explosions different?

AP -- Here are some differences between the Deepwater Horizon rig disaster April 20 and the oil production platform explosion Thursday in the Gulf of Mexico:

TYPES OF STRUCTURES

, Deepwater Horizon, owned by Transocean Ltd. and leased to BP PLC, was a semi-submersible drilling rig, exploring for oil and natural gas.

, The structure that exploded Thursday, owned by Mariner Energy Inc., was a stationary platform, producing 58,800 gallons of oil and 900,000 cubic feet of gas per day from a proven reservoir using several wells.

SITE OF OPERATIONS

, Deepwater Horizon was drilling in 5,000 feet of water in a deepwater region of the Gulf.

, The platform was operating in 340 feet of water in a shallow area of the Gulf known as a major source of gas.

CREWS

, The Deepwater Horizon  (go to article)

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Making the Grade

MSN Autos -- Fuel efficiency is more of a hot topic during the hot months, when gasoline tends to be more expensive, which makes it fitting that the Environmental Protection Agency and the National Highway Traffic Safety Administration today released images of two new versions of window stickers for vehicles starting with the 2012 model year.  (go to article)

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From Canada To Mexico On One Tank of Diesel

Jalopnik -- Craig Henderson drove from Blaine, Washington to the Mexican border — a distance of 1,478 miles — without stopping to refuel. He burned 12.4 gallons for a record-breaking 119.1 mpg in a car he originally designed in 1984.  (go to article)

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New Oil Rig Explosion, Houston Lawyers Call for Better Prote

Your Maritime Lawyer -- “Once again we see tragedy unfolding in the Gulf of Mexico, and it is our sincere hope that all maritime workers escape the oil rig unharmed,” says Jason Itkin, a partner in the Houston-based law firm, which represents maritime workers throughout Texas, Louisiana, Mississippi and Alabama.

“This latest explosion shows drilling companies are still not doing enough to ensure the safety of the maritime workers and our sensitive coastal environment,” Itkin says.

Thirteen oil workers were stranded, including one with injuries, news reports say. No deaths have been reported. The United States Coast Guard responded.

========

Yes, this article is from a site promoting lawyers, who have an agenda to run. Just submitting it for info - Interesting how quickly it was jumped on!  (go to article)

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Meltdown of the climate 'consensus'

New York Post -- If this keeps up, no one's going to trust any scientists.
The global-warming establishment took a body blow this week, as the UN Intergovernmental Panel on Climate Change received a stunning rebuke from a top-notch independent investigation.
For two decades, the IPCC has spearheaded efforts to convince the world's governments that man-made carbon emissions pose a threat to the global temperature equilibrium -- and to civilization itself. IPCC reports, collated from the work of hundreds of climate scientists and bureaucrats, are widely cited as evidence for the urgent need for drastic action to "save the planet."

But the prestigious InterAcademy Council, an independent association of "the best scientists and engineers worldwide" (as the group's own Web site puts it) formed in 2000 to give  (go to article)

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Fuel tanker runs aground in Northwest Passage

By CBC News, cbc.ca, Updated: September 2, 2010 4:49 PM --
A fuel tanker carrying 9½ million litres of diesel fuel has run aground in the Northwest Passage, the Canadian Coast Guard confirmed Thursday.

Coast guard officials say the merchant tanker Nanny, which is owned by Woodward's Oil Ltd., ran aground on a sandbar Wednesday in Simpson Strait, about 50 kilometres southwest of the community of Gjoa Haven in western Nunavut.
"The coast guard ship Henry Larsen has just entered the area. I believe it's at anchor just off of Gjoa Haven as we speak," Larry Trigatti, an environmental response official with the coast guard, told CBC News on Thursday afternoon.
"It's monitoring the situation by helicopter. As you can imagine, there are some shoals in the area, so we want to be very careful in going into that zone."

Woodward's is a major oil  (go to article)

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Bear Flag' Signals a Decline in Oil Price to Near $60: Techn

Bloomberg -- Crude oil is set for a drop to near $60 a barrel, extending a descent started in May, according to a technical analysis by independent analyst Jim Stellakis.

“Last month’s breakdown in crude oil is continuing the longer-term bearish pattern which was started by the May decline,” Stellakis said. The bear flag pattern is signaled after a break occurs below a rising trading range.

Crude oil for October delivery fell 27 cents, or 0.4 percent, to $73.64 a barrel at 10:07 a.m. on the New York Mercantile Exchange. Prices for October dropped 9.4 percent in August, pushing futures below the support level. The contract lost $14.05, or 15 percent, in May.

The price target, expected over the next couple months, was derived by taking the length of the initial decline in May and projecting it lower f  (go to article)

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Enbridge cleanup subcontractor fired

GRAND RAPIDS, Mich. (WOOD) -- Allegedly used undocumented workers from Texas
Updated: Thursday, 02 Sep 2010, 1:55 PM EDT
Published : Thursday, 02 Sep 2010, 2:03 PM EDT

By Anne Schieber
GRAND RAPIDS, Mich. (WOOD) - A contractor for a subcontractor hired by Enbridge allegedly hired undocumented workers to help clean up Michigan's oil spill.

On Wednesday in Winnie, Texas, 42 undocumented workers were arrested along the Gulf of Mexico. A local television station reported the workers said they'd been hired to clean up the nearly 1 million gallons of crude that spilled when the Enbridge-owned pipeline broke.

They worked for Hallmark Industrial, believed to be based in Texas.

US Rep. Mark Schauer, who has been critical of Enbridge for not hiring more Michigan workers, wants an investigation by the Michigan Atto  (go to article)

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Cuban offshore oil plans gain momentum

CNN -- Havana, Cuba (CNN) -- While the Gulf of Mexico oil spill has sparked debate in America on the merits of deepwater drilling, 90 miles away Cuba's offshore plans are quietly taking shape.

The country aims to drill seven exploration wells in its share of the Gulf of Mexico by 2014, according to American oil experts who recently met with Cuba's state oil monopoly Cupet and regulatory officials.

"Cuba's a sovereign nation and they're going to drill on their shelf waters and in their economic zone," Lee Hunt, the president of the International Association of Drilling Contractors, told CNN.

Spain's largest oil company, Repsol, has ordered a Chinese rig to start exploring in Cuban waters.

"They expect the arrival of the Scarabeo 9 rig sometime around the end of the first quarter next y  (go to article)

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BREAKING NEWS: Another Gulf Rig explosion

GasBuddy Blog -- 2pm UPDATE: Louisiana Gov: A sheen has been reported, but Mariner energy reports all 7 wells are shut in permanently- something that hasn't been confirmed. They believe that storage of oil on board was burning. Mariner says the fire is nearly burned out and contained. STAY TUNED.

Breaking news this noon from the Gulf of Mexico off the Louisiana Coast. The best news- all workers are accounted for.

More from CNN:

U.S. Coast Guard Petty Officer Bill Colclough tells CNN that 12 people from the rig are in the water immersion suits as they await rescue.

Colclough told CNN there are reports the rig is still on fire.

"We don't know what caused the rig to catch on fire," he told CNN, noting the...  (go to article)

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Coast Guard reporting rig incident south of Vermillion Bay

wwltv.com -- The Coast Guard is responding to a reported rig incident south of Vermillion Bay.

A Coast Guard spokesman said that 13 people were on the rig and that 12 have been accounted for at this time.

Rescue choppers from New Orleans and Houston responded to the scene.
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Ferrari supercars recalled after reports several burst into

The Globe and Mail -- Rome — The Associated Press
Published on Thursday, Sep. 02, 2010 7:45AM EDT

Last updated on Thursday, Sep. 02, 2010 9:44AM EDT
Ferrari says it is recalling 1,248 of its supercar, the 458 Italia, after reports of fires breaking out in five of the luxury vehicles in several countries.

The Italian car maker said Thursday it wants to replace an adhesive that in some circumstances can melt due to overheating and possibly ignite.

Fires in the car that sells for $253,000 (U.S.) have been reported in California, Switzerland, China and France.

Ferrari spokesman Stefano Lai says the company will be asking the owners of 1,248 cars produced before July, 2010, to bring them in to have the glue replaced with mechanical fasteners.

 (go to article)

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Chrysler Canada sees sales jump for ninth straight month

The Windsor Star -- By Grace Macaluso September 2, 2010

Sales of Windsor-built minivans declined in August

WINDSOR, Ont. — Chrysler Canada joined Ford in announcing positive sales results Wednesday when the automaker reported demand for its vehicles rose by 12 per cent in August compared to the same period last year.Marking its ninth consecutive month of sales growth, Chrysler said it sold 16,144 units, which also surpassed the 2008 pre-economic downturn level, with growth of four per cent compared with August 2008. Sales at the retail level surged 20 per cent due to continued strong consumer demand, Chrysler said.“We are extremely pleased with our progress so far this year,” said Reid Bigland, president and CEO of Chrysler Canada. “Most of our 16 all-new or significantly refreshed ve  (go to article)

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Could electric car charging brown out your 'hood?

USA Today -- Ford Motor, unique among car companies, has been cautioning would-be plug-in car owners that such machines will be a major power drain when hooked up at home for recharging.

Ford remains a backer of plug-in hybrids and electrics, with plans to have five on the market in the U.S. and Europe by 2013, but doesn't want folks to forget that the electric vehicles will have a serious appetite for kilowatts when you hook up the charging cord.

Recharging a battery car or plug-in hybrid "is like running a small house," says Jim Buczkowski, Ford's global director of electrical and electronics. "It's fine if your neighbor isn't doing it, too. If you have a whole neighborhood (recharging), the transformer on the pole isn't going to take it," he says.  (go to article)

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General Motors Wants Trademark for ‘Range Anxiety’

Wall Street Journal -- General Motors Corp. has asked the U.S. Patent and Trademark Office for permission to trademark the term “range anxiety,” a phrase company executives first started using after their experiences with the EV-1 electric car of the late 1990s and early 2000s.

It refers to a driver’s fear of using the electric car for longer trips because there is no quick way to recharge if the battery runs down.

The move, reported first by Jalopnik.com, is presumably meant to allow GM to use the term in marketing for the Chevrolet Volt, which is an electric car that has a gas-engine that can generate electricity and extend the range. GM may also use the trademark to keep other companies from using the term.  (go to article)

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Why Gas Prices Are Falling In Time For Labor Day Travel

Daily Finance -- Just when many families have opted for "staycations" instead of traveling for the Labor Day weekend because of the lousy economy, they're finally catching a break on gasoline prices. Fuel is at its second-lowest level in five years, and some economists predict that it could drop much further in the months ahead.

The U.S. Energy Department said Wednesday that the average price of gas in the country was $2.68 a gallon, the least of this summer driving season. Only last year's $2.59 a gallon was lower in the last five years, the department said.

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August 2010: a real clunker on the new-car sales front

Automotive News -- Any way you look at it, August U.S. auto sales disappointed. Compared with “clunker August” a year ago, sales fell 21 percent. Compared with the month before, volume dropped 5 percent. Even seasonally-adjusted, it was the worst month since February.

U.S. sales totaled 997,574 sales in August, down from 1,050,110 in July. A year ago, driven by federal cash incentives of $3,500 to $4,500, August sales hit 1.26 million.

The seasonally adjusted annual selling rate calculated by the Automotive News Data Center was 10.8 million, the first month since January and February to fall below 11.1 million.  (go to article)

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Chevy Volt, Electric Revolution? Or Outta Gas?

Fox News -- The first thing I noticed driving the Chevrolet Volt is that it’s a real car. GM did not kick out the kind of street-legal version of a golf cart like we have seen with previous attempts at making an electric car. The Volt is sturdy and it has horsepower. I had it up to 80 MPH on the test track and given how quiet gasoline powered cars are today, I was hard pressed to notice a difference between the Volt and my last airport rental.

Well one difference is that the Volt is decked out with the latest electronic everything. You can even download an I-phone app to remote start your car and cool it down before you climb in. But given the price, it had better come with groovy electronic doo-dads.  (go to article)

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Who's got their electric car act together?

CNN Money -- Automakers are operating in terra incognita as they prepare for the biggest change in the way cars are powered in a century. As they begin to add battery-powered cars to their lineups, they will have to solve some fundamental problems about how the cars are built and sold.

For engineers, the questions include:

Should automakers be technology leaders or fast followers?
Should they develop their own batteries or leave that to specialists?
Should they focus on one technology or hedge their bets with several?  (go to article)

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Solar Path to Reducing Water Use For Energy

circleofblue.org -- Developers have presented the federal Bureau of Land Management (BLM), which oversees almost all of the Mojave, with 75 applications to build solar facilities in the desert

BLM is reviewing 33 other solar power plant applications in Arizona

Solar photovoltaic power, which generates energy directly from sunlight, uses virtually no water..

The U.S. wind energy industry, which generated 35,000 megawatts last year, and has been growing by more than 35 percent annually over the last five years, uses no water..

..energy generated from wave power that does not use fresh water..

..Cholla Power Plant in northeastern Arizona near Holbrook, withdraws and uses nearly 43 million gallons of water a day..

In 2009 and 2010, utilities added 25 new coal-fired plants that have a generating  (go to article)

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GLOBAL MARKETS-Oil, stocks rally on strong manufacturing dat

REUTERS -- * Stocks rally globally on better-than-expected U.S. data

* Oil hits $74 a barrel as U.S. manufacturing data shines

* Government debt prices fall on signs of global growth

* China data also revives appetite for riskier assets (Updates with close of U.S. markets)

By Herbert Lash

NEW YORK, Sept 1 (Reuters) - Global stocks posted their biggest percentage gain this summer on Wednesday after U.S. and Chinese manufacturing data eased worries about the world's flagging economy and helped spur a rally in commodities.

The U.S. dollar and Japanese yen fell broadly after the release of the manufacturing data and on news that Australia's economy grew in the second quarter at its fastest pace in three years. For details see: [ID:nN01127275]

Oil rose more than 3 percent to above $74 a barrel and  (go to article)

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