Top 5 Figures Influencing Renewable Energy in the U.S.
As Oilprice.com embarks on its Top 5 series, we thought it expedient to begin with our take on the key figures shaping and influencing U.S. renewable energy efforts, not least because the issue of energy security is being prioritized in campaigning ahead of U.S. presidential elections.
Australia’s Super Profits Tax on Resource Companies Leads to Immediate Fall-Out
Australia sent the major miners into a tailspin overnight.
The Rudd government announced Sunday night that it will impose a new "resource super profits" tax on mining, oil and gas, geothermal and other resource extraction in the nation.
Under the scheme, resource companies will pay a 40% tax on profits. Implementation is scheduled for July 1, 2012.
The fall-out was immediate.
U.S. Geothermal Projects Increase in Year, Extend to Gulf Coast
US Energy Security Placed at risk as Oil & Gas Companies are Penalised by Obama Administration
The Obama Administration is currently pursuing a misguided and dangerous war on the oil and natural gas industry, blaming it for not doing enough to curb greenhouse gas emissions. Not only does this belligerent policy fail to improve the situation it was designed to address, it will also place U.S. energy security at much greater risk in the long run.
Positive Developments for the Renewable Energy Industry
This year has been a big win for those who have been rooting for a larger renewable energy industry and reduced dependence on carbon based fuels. There have been several initiatives, legislation, and events that are expected to invigorate the growth of solar, wind, and other alternative energy markets.
Nevada Geothermal Power Inc. (NGLPF.OB) Begins Geothermal Power Plant Construction, On Track for 4th Quarter 2009 Revenue Genera
When a solid product concept is ready for market, there is little that can be done to keep it from generating solid returns. The concept is bottled up and ready to burst under the pressure of profit potential. When the concept reaches critical mass, all that one can do is channel the pressurized potential in the right direction.
With Earth Day creating a lot of buzz about green energy and technology, people are desperately looking for a cheap and effective way to produce green energy. Byron King has a theory that the more expensive dirty energy resources get, the cheaper green energy will look by comparison. Check out Byron’s case.