March OPEC Meeting: The End is Near (Maybe)
OPEC Ministers met in Vienna on March 15 to review trends in the oil market, the global economy, and the adequacy of their three previous attempts to reduce oil production in line with declining global demand. They also examined the degree of each OPEC member’s compliance with the existing production quotas set at their last meeting in December 2008.
Energy Challenges Call for Bold Action from President
In his recent speech to Congress and in his various actions since taking office, President Obama has suggested that one of his foremost priorities is to transform America’s energy landscape and move us away from high levels of carbon emissions and imported energy toward clean energy and energy independence.
These goals are commendable, and in terms of the President’s commitment to expanding America’s energy research efforts and providing broad incentives for the development of renewable energy such as wind, solar and geothermal, his policies have been highly consistent with these objectives. The truth is, though, there is nothing very bold about advocating for more renewable energy, which has enjoyed bi-partisan support in Washington for decades.
More headlines from this issue:
» EPA: Carbon Ruling Coming
» FutureGen Revival Signals New Opportunity
» US LNG Import Preview—2009
» Russian Oil Production Slides
» Climate Change Update: New Revenues Challenge
» IRENA: New NGO for Renewables
» Electricity Grid Improvements Moving Forward
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