Recent Gas News/GasBuddy Blog

ABC NEWS/MONEY -- It was bound to happen. Are you as disgusted as I am?

Mark Miller, whose environmental clean-up firm has hired nearly 1,500 workers in the Gulf Coast in the past month, takes issue with the term "spillionaire" -- those who are cleaning up from the oil cleanup.
"There are probably companies or people who became 'oil spill' experts in the Gulf of Mexico the day the spill happened," said Miller, owner of the New York-based Miller Environmental Group, which was founded in 1971. "The 'spillionaire' term, which originated with the Exxon Valdez spill, was more geared towards the instant expert and instant contractor that capitalized on that event and really didn't come with the real structure and capability and experience."  (go to article)

Time Magazine -- President Obama has called the BP oil spill "the worst environmental disaster America has ever faced".

The Deepwater Horizon explosion was an awful tragedy for the 11 workers who died on the rig, and it's no leak; it's the biggest oil spill in U.S. history. It's also inflicting serious economic and psychological damage on coastal communities that depend on tourism, fishing and drilling. But so far — while it's important to acknowledge that the long-term potential danger is simply unknowable for an underwater event that took place just three months ago — it does not seem to be inflicting severe environmental damage. "The impacts have been much, much less than everyone feared," says geochemist Jacqueline Michel, a federal contractor who is coordinating shoreline assessments in Louisiana.  (go to article)

Associated Press -- Harry R. Weber, AP Business Writer, On Friday July 30, 2010, 8:12 am EDT
NEW ORLEANS (AP) -- BP gas station owners across the country are divided over whether the oil giant stained by its handling of the Gulf spill should rebrand U.S. outlets as Amoco or another name as part of its effort to repair the company's badly damaged reputation.

Some who have seen their sales plunge because of protests say BP has already sought a fresh start by naming an American to replace its gaffe-prone British CEO, so why not change the name on gas stations marquees as a further symbol of that culture shift.

Others worry that a name change is a big deal that is risky given all the marketing dollars already spent building up the BP brand. They also believe a successful turnaround with the existing brand  (go to article)

Business Insider -- Two facts about oil spills we're quickly learning:

* Before Deepwater Horizon, they got little to no coverage.
* The oil company or local government will always tell you the spill is small.Read more: http://www.businessinsider.com/text deleted
 (go to article)

msnbc.com -- Firm will recover when 'whole truth of the accident finally emerges,' he says

Tony Hayward, who resigned as chief executive of BP in the wake of the Gulf oil spill, has said that he was turned into "a villain for doing the right thing."

In his first interview since deciding to step down, Hayward told the Wall Street Journal that he did everything possible after the Deepwater Horizon exploded, by taking responsibility for the spill and spending billions on the clean-up operation and efforts to stop the leak.

The newspaper said he was unrepentant about BP's response to the spill and that he resented criticism from the Obama administration, although he also admitted that he "understood their frustration."

 (go to article)

AP -- BEIJING – China's worst known oil spill is dozens of times larger than the government has reported, and some of the oil was spilled deliberately to avoid an even larger disaster, an American expert said Friday. China's government has said 1,500 tons of oil spilled after a pipeline exploded two weeks ago near the northeastern city of Dalian, sending 100-foot- (30-meter-) high flames raging near one of the country's key strategic oil reserves. It has not updated that estimate since a few days after the spill.

 (go to article)

The State -- Toyota is recalling nearly half a million cars, most of them large sedans sold in the U.S., for problems that can cause the steering wheel to lock up. It’s the latest indication that the automaker is still struggling with vehicle problems even as it works to overhaul quality control.The recall, announced Thursday, affects 412,000 vehicles in the U.S. – 373,000 Avalon sedans and 39,000 Lexus LX 470 SUVs.
Read more: http://www.thestate.com/2010/07/30/1396025/toyota-recalls-412000-more-vehicles.html#ixzz0vAJz3Ik5
 (go to article)

The State -- NEW ORLEANS — Incoming BP CEO Bob Dudley was set to outline his company's long-term efforts to help the Gulf of Mexico recover from the oil spill Friday morning, and will be getting help from a Clinton administration-era emergency management official.

The oil giant said Dudley would be in Biloxi, Miss., to announce that former Federal Emergency Management Agency head James Lee Witt will support its recovery efforts. Local officials, especially in Louisiana, have been clamoring for more long-term commitments in the face of reports that the oil spill is dissipating, at least on the water's surface.
Read more: http://www.thestate.com/2010/07/29/1394957/gulf-cleanup-will-change-once.html#ixzz0vAIcv8pr
 (go to article)

The Reporter -- Three adjacent stories landed on the same page of my local newspaper on a recent morning.

Taken together, they add up to a message that is probably greater — and grimmer — than the sum of its parts.

The first was an update on the BP oil spill. By the time you read this column, the disaster's terrain may have shifted a bit, but then officials were trying hard to convince us and themselves that the end is in sight. The well is capped!

But it's disquieting to consider that plugging the familiar billowing gusher — the symbol of this catastrophe — has the effect of increasing the pressure elsewhere in the couple of miles of well casing between the oil reservoir and the ocean floor. The well's integrity is uncertain and capping it could produce unintended consequences.

Officials are  (go to article)

Detroit Free Press -- EPA is hopeful Lake Michigan can be spared
BY ERIC D. LAWRENCE, JOHN WISELY, CHRISTINA HALL and JENNIFER DIXON
FREE PRESS STAFF WRITERS

KALAMAZOO -- Cleanup crews said Thursday they had stopped the westward spread of an oil spill heading down the Kalamazoo River, but officials from various agencies offered conflicting accounts of how far the slick had spread and whether oil continues to leak from the source  (go to article)

GreenCarReports.com -- By John Voelcker - If you've been to New York City lately, you may have noticed an increasing number of hybrid taxis on the roads: mostly Ford Escape Hybrid SUVs, but also Toyota Camry Hybrid and Nissan Altima Hybrid sedans, and a scattering of others too.

It's part of a long-term plan to green the fleet of 14,000 yellow cabs operating in the city, since they rack up far higher mileage than private cars--close to 100,000 miles a year when running two 12-hour shifts a day.
 (go to article)

Time Magazine -- President Obama has called the BP oil spill "the worst environmental disaster America has ever faced," and so has just about everyone else. Green groups are sounding alarms about the "catastrophe along the Gulf Coast," while CBS, Fox and MSNBC are all slapping "Disaster in the Gulf" chyrons on their spill-related news. Even BP fall guy Tony Hayward, after some early happy talk, admitted that the spill was an "environmental catastrophe." The obnoxious anti-environmentalist Rush Limbaugh has been a rare voice arguing that the spill — he calls it "the leak" — is anything less than an ecological calamity, scoffing at the avalanche of end-is-nigh eco-hype.  (go to article)

Bloomberg -- U.S. funding for transportation projects such as Amtrak passenger rail, highway building and transit would rise almost 5 percent to $79.4 billion next year as part of a spending plan passed today by the U.S. House.

Highway construction funds would increase 10 percent to $45.2 billion in the fiscal year that begins Oct. 1 from $41.1 billion, under the legislation approved 251-167.

The Amtrak rail subsidy would jump 13 percent to $1.77 billion, and transit aid would increase 5 percent to $11.3 billion. The Federal Aviation Administration budget would climb 6 percent to $16.5 billion.

The bill “will put people in America back to work,” said Representative Carolyn Kilpatrick, a Michigan Democrat, before the vote. “Our crumbling roads and bridges can be fixed.”  (go to article)

Bloomberg -- President Barack Obama flies to the heart of the U.S. auto industry today on a mission to convince taxpayers that their investment in the bailouts of General Motors Co. and Chrysler Group LLC will bring a return.

Heading into a congressional election season in which polls show the public skeptical about the $84.8 billion rescue and anxious about economy, Obama is using the backdrop of Detroit- area plants owned by GM and Chrysler to promote what he says is an industry revival that has saved more than a million jobs.

Obama previewed the argument he’ll make in an interview broadcast yesterday.  (go to article)

By TIM MARTIN and DAVID RUNK, Associated Press Writers -- A Canadian company whose pipeline leaked hundreds of thousands of oil into a Michigan river boasts on its website of being "an industry leader in pipeline safety and integrity."

A decade's worth of leaks, an explosion and regulatory violations throughout the Great Lakes region and elsewhere in the U.S. suggest otherwise.

Enbridge Inc. or its affiliates have been cited for 30 enforcement actions since 2002 by the Pipeline and Hazardous Materials Safety Administration — the U.S. Department of Transportation's regulatory arm.

In a warning letter sent Jan. 21, the agency told the company it may have violated safety codes by improperly monitoring corrosion in the pipeline responsible for the massive spill Monday in Talmadge Creek, a waterway in Calhoun County's Marshall Township that f  (go to article)

By Paul Schmelzer, -- Enbridge Energy, the firm behind a pipeline leak in Michigan that dumped more than 800,000 gallons of oil in a rural creek over the weekend, has had leaks in Minnesota 11 times since 2002, according to data from the U.S. Department of Transportation Pipeline and Hazardous Materials Safety Administration (pdf). The data - which doesn't count spills from trucks, generators, fires and explosions at refineries or gas stations - was provided to the media by Minnesota environmental groups who this morning are releasing the National Wildlife Federation's new study, "Assault on America: A Decade of Petroleum Company Disaster, Pollution, and Profit." It underscores that oil spills aren't just limited to the Gulf of Mexico - or Michigan...  (go to article)

Reuters.com -- By George Prentice

More than 2,000 miles from the Gulf of Mexico shoreline, a panel of U.S. judges heard arguments from lawyers on Thursday on how piles of oil spill-related lawsuits against BP Plc should be merged.

The panel, meeting in Boise, Idaho, as part of its regularly scheduled rotation among federal courts, did not immediately rule on how it would handle the mounting civil litigation brought against BP and other defendants involved in the worst offshore oil disaster in U.S. history.

A decision is expected within several weeks.

At stake is whether civil lawsuits from injured rig workers, fishermen, property owners, investors and others will be combined in Houston, where BP has its U.S. headquarters and wants the cases heard, or New Orleans, the preferred venue for many plain  (go to article)

inhabitat.com -- By Ariel Schwartz

Excerpts

E.coli may not be the smartest thing for your body to ingest, but this bacteria could be just the thing to get vehicles up and running around more efficiently. A team of researchers at LS9 — a self-described “renewable petroleum company” — have discovered that the unsavory Escherichia coli could be used to make so-called “drop-in” biofuels at existing pipelines and refineries.

According to LS9, a diesel-like fuel can be yielded by feeding glucose to E. coli bacteria — one of only two known pathways for engineered microbes to produce pure hydrocarbons,...E.coli can be grown simply on any sugar, including second-generation (read: non-food) biofuel feedstocks like grass.

"LS9 hopes that the the price point of E.coli-produced fuel could ring...$50 a barrel."  (go to article)

marketwatch.com -- Credit is allowed under federal rules, company says in earnings report

BP PLC will reduce its contribution to U.S. coffers by roughly $10 billion due to a tax credit the company is claiming it incurred from the Gulf of Mexico oil spill.

The oil giant said Tuesday that it is incurring a charge of $32.2 billion from the Deepwater Horizon disaster response, and as such, it is claiming a $9.9 billion taxation credit.

Asked in a conference call Tuesday about whether it has discussed the tax credit with President Barack Obama's administration, BP's outgoing chief executive, Tony Hayward said: "We have followed the IRS regulations as they're currently written."

The Internal Revenue Service said it's not allowed under federal law to discuss individual taxpayer issues.

But the issue  (go to article)

CNN -- With oil from a ruptured underwater well dissipating faster than expected and the well capped, Louisiana seafood officials want BP to lure the state's fishermen back to the water.

Many of Louisiana's 12,000 fishermen have grown accustomed to serving as clean-up workers since the oil disaster began, drawing paychecks from BP instead of fishing in the Gulf of Mexico.

Under Louisiana's proposed "Back to the Docks" program, BP would pay fishermen an additional 30 cents for every dollar in seafood they catch.

Now that BP is closing in on permanently killing the well, company spokesman Larry Thomas said the oil giant is considering Smith's proposal, although no final decision has been made.

"We are very supportive of programs of guys going back to fishing," Thomas said.
 (go to article)

New York Times -- HOUMA, La. — Loulan Pitre Sr. was born on the Gulf Coast in 1921, the son of an oysterman. Nearly all his life, he worked on the water, abiding by the widely shared faith that the resources of the Gulf of Mexico were limitless.
As a young Marine staff sergeant, back home after fighting in the South Pacific, he stood on barges in the gulf and watched as surplus mines, bombs and ammunition were pushed over the side.
He helped build the gulf’s very first offshore oil drilling platforms in the late 1940s, installing bolts on perilously high perches over the water. He worked on a shrimp boat, and later as the captain of a service boat for drilling platforms.

The gulf has changed, Mr. Pitre said: “I think it’s too far gone to salvage.  (go to article)

By Tony Tagliavia MI Live -- No one is staying at the American Red Cross oil spill shelter set up outside Marshall -- but that's at least in part because, in nurse Kathy Ledebuhr's words "they're all coming to us sick, and that's scary."

The area Red Cross nursing chair said she sent two people to Oaklawn Hospital on Thursday and one to urgent care in Battle Creek.

"I've talked to all the medical facilities now and they are prepared to take my people," Ledebuhr said. "We've set the relationship up."

People living near the spill have contaminated clothes, she said, and the Red Cross probably will have to throw away cots that people have used.
 (go to article)

Associated Press -- After setting record profits in 2008, the oil industry tanked last year as the global economic downturn induced a dramatic drop in oil and natural gas prices. On Thursday, Exxon Mobil Corp. said it earned $7.56 billion in the second quarter, its best result since the last three months of 2008. Royal Dutch Shell Group posted a 15 percent gain in net income. A day earlier, ConocoPhillips said net income nearly tripled in the April-June period  (go to article)

Gas 2.0 -- Ever hear of the Partnership for a New Generation of Vehicles? Neither have I. In fact, when the program came into existence under President Clinton in 1993, I was just 7 years old. I knew nothing of cars or fuel efficiency. This program involved the three major U.S. automakers and eight Federal Agencies. The initiative was to produce several high-mileage concept cars to be put into production by 2003, and each of the automakers deliver. GM came up with the Precept, Chrysler the ESX II, and Ford developed the Prodigy. Each was a hybrid vehicle capable of delivering about 80 mpg.

The Ford Prodigy is heading to auction next month in Monterey, California. So why haven’t I ever heard of it before?
Admittedly, I was young, so maybe some of you older folks heard of these cars way back in the da  (go to article)

The London Free Press -- ENVIRONMENT: The device would make vehicles not only emission-free, but produce a nutrient-rich algae byproduct

By KATE DUBINSKI, The London Free Press

Imagine a car that’s not only emission-free, but one that produces a nutrient-rich algae byproduct that can be sold to make pharmaceutical or agricultural products.

Heck, you could even eat the algae byproduct mixture, says Rod Morley, one of the developers perfecting the new technology, although he admits that might be a tough sell.

“This can empower the world,” said Morley, who’s been working on the project with another Londoner for several years. The two have a motorbike they’ve powered with the technology, which they got from another man.

The idea takes some explaining, but makes some sense.

The back wheel of the m  (go to article)

NY Times -- More than one million gallons of oil may have spilled from a pipeline into the Kalamazoo River this week, significantly more than the pipeline’s owner initially estimated, federal officials said.  (go to article)

AFP -- by Etienne Balmer and Francois Becker

FRANKFURT (AFP) – Volkswagen, Europe's biggest automaker, benefited from strong sales and favourable exchange rates as it posted Thursday a second quarter profit more than four times the previous year's figure.

VW's net profit of 1.25 billion euros (1.6 billion dollars) towered over the 283 million euros earned in the second quarter of 2009 and easily beat  (go to article)

Time Magazine -- The Deepwater Horizon explosion was an awful tragedy for the 11 workers who died on the rig, and it's no leak; it's the biggest oil spill in U.S. history. It's also inflicting serious economic and psychological damage on coastal communities that depend on tourism, fishing and drilling. But so far — while it's important to acknowledge that the long-term potential danger is simply unknowable for an underwater event that took place just three months ago — it does not seem to be inflicting severe environmental damage. "The impacts have been much, much less than everyone feared," says geochemist Jacqueline Michel, a federal contractor who is coordinating shoreline assessments in Louisiana.  (go to article)

http://www.cbc.ca/news/ -- CBC News has learned Ford Motor Co. will lay off nearly 400 workers at its engine plant in Windsor, Ont.

The news comes just one day after General Motors closed its transmission plant, pulling out of the city after 90 years.  (go to article)

The Christian Science Monitor -- Toyota announced a new recall on Thursday involving some 412,000 Avalons and Lexuses in the United States for steering problems. The recall is the second announced this month by the Japanese automaker.

Some 373,000 of the recalled cars are 2000-2004 model year Toyota Avalons. The vehicles' steering interlock system can develop a crack which can expand, making it hard to unlock the steering system when the cars are parked. In rarer cases, the steering wheel can become locked when the cars are moving.

In addition, 39,000 Lexus luxury LX 470s from model years 2003 to 2007 are being recalled because of a different steering problem. If the car hits a pothole or other large bump and then makes a hard turn, there’s a risk that over time the steering column will become disengaged...
 (go to article)

PR Newswire -- LOS ANGELES, July 29 -- Today, the Los Angeles Auto Show announced that more than 20 World Debuts are confirmed for the 2010 Press Days, Nov. 17 and 18. Many important North American premieres are also anticipated, bringing the total vehicle debuts to approximately 40.  (go to article)

GasBuddy Blog -- I didn't know how people in Louisiana and Florida felt about the Gulf spill. Its something you can't feel until it happens close to you, and this time, it did.

The oil spill in Marshall, Michigan is just a couple hours from me- and more significantly- the spill could impact Lake Michigan. Although no one wants to think about it or says its possible, the breaches that have already taken place suggest that the pipeline owner, Enbridge, has very little control and isn't doing enough to stop the slick from moving down the Kalamazoo River.

Fortunately, or unfortunately, lessons have already been learned via the Gulf spill. Almost immediately, the State of Michigan got the EPA, Coast Guard, and other federal and state agencies...  (go to article)

Detroit Free Press -- WASHINGTON – Federal regulators say corrosion tests done as recently as last year found “metal loss anomalies” along the pipeline that sent thousands of gallons of oil rushing into the Kalamazoo River this week.

Just two weeks ago the pipeline's owner notified the government it was considering replacing section of pipe rather than repairing it, regulators say.

Late Wednesday, the Pipeline and Hazardous Materials Safety Administration or PHMSA – a division of the U.S. Department of Transportation – sent Enbridge Energy Partners Ltd a corrective action order in the wake of the spill, spelling out the steps that must be taken before the pipeline is reopened.

It also ordered that the secton of failed pipe be given to the National Transportation Safety Board for testing and a 20-year review  (go to article)

US Energy Information Administration -- Below, we discuss the attributes of algae that make it potentially attractive and some of the technological and economic challenges in algae cultivation, harvesting, and oil extraction that must be addressed before algae-based fuels can be commercially produced.

The National Renewable Energy Laboratory (NREL) estimates that the oil yield for a moderately productive algal species could be about 1,200 gallons per acre; compared to 48 gallons per acre for soybeans. The high productivity of algae could significantly reduce the land use associated with production of biofuels. 2.5 million acres of algae could produce 3 billion gallons of biodiesel, representing about 8% of all the diesel fuel used for on-road transportation in the United States in 2008.  (go to article)

US Energy Information Administration -- The U.S. Energy Information Administration weekly report revealed regional fuel price increases in the East Coast and Midwest drove up the national average overall. The U.S. average price for regular gasoline increased about three cents to $2.75 per gallon, $0.25 higher than a year ago. The average on the East Coast moved up two cents to $2.67 per gallon. The largest increase occurred in the Midwest where the average went up nearly four cents to $2.74 per gallon.  (go to article)

Windsor Star -- WINDSOR, Ont. — Mayor Eddie Francis and Windsor's 10 city councillors have been sued by the Ambassador Bridge Company for $125,000 each and accused of misfeasance, unlawful interference and conspiracy in a lawsuit filed Wednesday.

Councillors were served court documents at their homes.

"Nothing really surprises me as it relates to the Ambassador Bridge and their quest to build a twin span," said Coun. Drew Dilkens, served while playing a game of Monopoly with his son, Jack.

"I can't say I'm taken completely off guard by receiving something like this from them. They use their lawyers frequently and this is another example of them doing that," Dilkens said.

In nearly four years as councillor, it's the first time he has been sued, Dilkens said.

"It's never a good feeling t  (go to article)

CNN Money -- Exxon Mobil Corp. reported quarterly earnings Thursday that easily beat analysts' expectations on higher crude prices and improved refining margins.

The world's largest public energy company reported net income of $7.56 billion, or $1.60 a share, in the second quarter, up 91% from $3.95 billion, or 81 cents a share, in the same period in 2009.  (go to article)

CBC News -- A gasoline shortage at some Shell stations has spread from Alberta to southeastern B.C.
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Shell said it doesn't know how many service stations have run dry, nor how long it will take to get fuel to them.
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Several stations, starting in Alberta and now in B.C., are out of gas and have been for at least a week. Calgary and other places east of the Rockies hit empty last week, and the drought has spread to the B.C. communities of Nelson, Creston, Trail and several others.
-----
Shell acknowledges it has a supply problem, and that station owners have had to turn customers away.  (go to article)

http://us.ard.yahoo.com/SIG=15njtgmen/M=340017.6230560.13810576.5028174/D=ca_news/S=96571761:HEADR/_ -- NEW YORK, N.Y. - Exxon Mobil Corp. said Thursday its second quarter income nearly doubled to $7.56 billion as oil prices increased from last year.  (go to article)

SFGate -- It took 40 years for the oil industry to get out from under the shadow of the 1969 Santa Barbara oil-well blowout, but just 100 days to cover itself with the dark clouds of a new industry-crippling accident.

Just weeks before BP's Macondo well blowout on the night of April 20, the Obama administration signed off on a plan to expand offshore drilling to federal waters off the Florida Coast and in the Atlantic Ocean. It was seen as a milestone for the industry, which had its activities largely limited to the Gulf of Mexico since the 1969 blowout sent oil onto California beaches and captured national attention.

Public support for offshore drilling hit a high-water mark just before the BP spill, too, as a Rasmussen Poll in early April found 72 percent of Americans in favor of offshore dr  (go to article)

Autoblog -- According to the American Petroleum Institute's (API) Monthly Statistical Report, U.S. gasoline deliveries for the first half of 2010 averaged 8.88 million barrels per day, 0.6 percent lower than the corresponding period a year ago. Though the drop in demand is minuscule, it does provide us with an indication that despite low gas prices and a rebounding economy, U.S. demand for gas continues to wane.

The numbers for the month of June paint a more vivid picture of our declining need for gas. June gasoline deliveries of 9.18 million barrel per day were the lowest level for any June on record since 2004 and were 0.5 percent lower than June 2009 deliveries. To gain a better understanding of the numbers, gasoline prices in 2004 barely cracked $2, whereas prices now sit at a nationwide averag  (go to article)

Washington Post -- Back in May, BP's chief executive told a British newspaper that "the Gulf of Mexico is a very big ocean," and the vast amounts of oil and chemical dispersants dumped into it were small by comparison. After he said that, BP's well leaked for two more months. Hayward's upbeat assessment was cast as one of many gaffes committed on his way to resignation.

Now, 14 days after the well was closed and 100 days after the blowout, U.S. government scientists are working on calculations that could shed some light on Hayward's analysis (even if they can't shed light on why he said it). They are trying to figure out where all the oil went.  (go to article)

Battle Creek Enquirer -- Federal officials now estimate that more than 1 million gallons of oil may have spilled into the Kalamazoo River through Battle Creek, and the governor is sharply criticizing clean-up efforts as “wholly inadequate."

Tom Sands, deputy state director for emergency management and homeland security, said during a conference call with Granholm that he had seen oil past a dam at Morrow Lake. The lake is a key point in the river near a Superfund site upstream of Kalamazoo, the largest city in the region.

“It’s going to hit a Superfund site unless somebody like the EPA and the company get very serious about providing significant additional resources,” Granholm said.

Enbridge affiliates have previously been cited for skirting environmental regulations in the Great Lakes region.

 (go to article)

AP -- By HARRY WEBER and TAMARA LUSH, Associated Press Writers Harry Weber And Tamara Lush, Associated Press Writers – 25 mins ago

NEW ORLEANS – The government's point man for the Gulf spill plans to meet with coastal parish officials Thursday to talk about what's next now that the oil has stopped flowing.

Retired Coast Guard Adm. Thad Allen said crews are having trouble finding patches of the crude that had been washing up on beaches and coating delicate coastal wetlands since the Deepwater Horizon  (go to article)

Edmonds.com -- "...An official statement released Wednesday said the company has received an "overwhelming response" from the public to the 918 Spyder concept. Earlier reports indicated Porsche had received expressions of interest from more than 900 buyers.

Porsche did not specify a production start-up date or a price tag, although widespread media reports in Europe have suggested the sticker could exceed $600,000.

Michael Macht, Porsche AG president and chairman of the board of management, said: "Production of the 918 Spyder in a limited series proves that we are taking the right approach with Porsche Intelligent Performance, featuring the combination of supreme performance and efficient drivetrain concepts....."  (go to article)

youtube - MSNBC - video -- According to Hugh Kaufman, the public just can’t handle the truth when it comes to the poisoning of the Gulf Coast. Kaufman, who played a major role in exposing the EPA cover up of the air quality at ground zero, stated that dispersants mixed with oil in the water atomize the oil and prevent it from coming from the surface where it can be skimmed instead it is in small particles.

Dispersants do damage by causing bleeding from orifices in both sea mammals & humans. When the atomized oil and dispersant gets into the bloodstream it atomizes your cells, and that is why there is hemorrhaging.

Now we have hundreds of millions of gallons of oil mixed with 2 million gallons of dispersant spread out over thousands of miles. We have to be very careful of the seafood which we have now poisoned.  (go to article)

mercurynews.com -- San Jose solar power system manufacturer SunPower has finished construction of a 1-megawatt solar installation at the Yolo County Justice Campus in Woodland.

Yolo County financed the $7.5 million solar power system with bonds subsidized with federal stimulus money and a 15-year $2.5 million loan from the California Energy Commission, according to a news release Tuesday and an e-mail from Ray Groom, director of the county's general services department.

With the state and federal support, "Yolo County has no out-of-pocket expenses to build this project, and will be net cash flow positive from the first day of the system's operation"..

The SunPower solar panels track the sun...generating more electricity than fixed panels.

..save money, create jobs and produce clean energy for ye  (go to article)

reuters.com -- It could be years before some Gulf of Mexico beaches recover fully from BP Plc's massive oil spill and are declared free of toxic pollutants, including heavy metals, that can make people sick, a leading environmental advocacy group said on Wednesday.

"This is an unprecedented tragedy and environmental disaster in the Gulf that is raising unprecedented questions about how to manage beaches and other parts of the environment," said David Beckman, Water Program director with the Washington-based Natural Resources Defense Council.

"We've never had to confront before the question of whether the toxicity in a wave wash is such that people should stay out of the water," Beckman told reporters on a conference call.

...group issued its 20th annual report on water quality at U.S. beaches.  (go to article)

Bloomberg -- OAO Surgutneftegaz, a Russian oil producer, sold three cargoes of East Siberian Pacific Ocean pipeline oil for loading in September and early October to Mitsui & Co. and Vitol Group, said two traders who participate in the market. The Vitol cargoes were moved on to U.S. refiner Tesoro Corp., the traders said.

Details of the sale are as follows:
-----------------------------------------------------------
Crude: East Siberian Pacific Ocean pipeline oil
Buyer: Mitsui, Vitol (2 cargoes)
Quantity: 100,000 metric tons, about 730,000 barrels x 3
Loading: September, early October
Port: Kozmino Bay Terminal, Russia’s Far East
Price: A discount of 50 cents to parity to the Dubai
price published by Platts for the Mitsui cargo.  (go to article)

Houston Chronicle -- "The (House) bill continues to exploit the Gulf oil spill tragedy by including page after page of provisions that are unrelated to the spill, will kill jobs, establish a new energy tax and increase our dependence on foreign oil," said Rep. Doc Hastings, R-Wash. "Reforms are needed to make offshore drilling the safest in the world, but they need to be the right reforms and based on facts."

'Gift from heaven'
Rep. Kevin Brady, R-The Woodlands, said Democrats viewed the oil spill as "a gift from heaven for their legislative agenda."

"I think they view this as an opportunity to push an agenda absolutely unrelated to the oil spill," Brady said, adding that fuel prices would rise as a result.

Democratic lawmakers who have championed parts of the spill-inspired legislation in the House  (go to article)

Bloomberg -- Congressional Democrats proposed tougher rules for offshore drilling in response to the worst oil spill in U.S. history, while spurning calls to place a price on carbon emissions.

House and Senate leaders presented legislation yesterday rewriting oil and natural-gas drilling rules more than three months after a rig leased by BP Plc exploded in the Gulf of Mexico. The bills would strengthen safety and environmental standards for exploration in federal waters, give Congress direct oversight of offshore energy production, and require companies that cause spills to pay all damages.  (go to article)