America's LargestPosts Tagged stimulus package
Renewable Energy Industries Face Halt in Growth When Stimulus Funds Run Out
The massive government stimulus package, a.k.a. the American Recovery and Reinvestment Act (ARRA), contains billions for renewable energy development. Among the hoped-for results are reduced dependence on fossil fuels, cleaner air, and millions of jobs in new, green industries. The money is already flowing, but much remains to be distributed to companies developing solar and [...]
Read More »FutureGen “Clean Coal” Plant Loses Two Investors
Will the FutureGen clean coal project ever get off the ground?
Last month, as reported here on The HEAT Zone, the federal government has allocated $1 billion in stimulus package funds towards the creation of FutureGen, a proposed coal-fired power plant with carbon sequestration technology in Illinois. A conglomeration of energy and coal companies have also [...]
Green Jobs Update: Where Are they and What do They Pay?
A significant portion of the Obama stimulus package has been earmarked for clean energy development. Along with the obvious goals of reducing fossil fuel dependence and the resulting greenhouse gas emissions, it’s hoped that millions of new jobs will be created in green industries. How much money will go where and how much good can [...]
Read More »Green Job Growth Outpacing Other Industries
The renewable energy industry has grown steadily over much of the past decade, adding jobs at more than twice the national rate, according to a new study by Pew Charitable Trusts.
Reporting on the study, the Associated Press said that while the entire energy sector, including fossil fuels, has experienced growth, the most dramatic increases were [...]
Federal Weatherization Money Going to Hot and Cold States
The Federal government has announced it will spend stimulus package funds to help homeowners in warm states save on air conditioning costs, the New York Times reported on Sunday.
Read More »Obama Moves Toward Energy Goals and Supports US Auto Industry with Plan to Buy 17,000 Fuel-Eficient Vehicles
During the presidential campaign, candidate Obama expressed his hope to convert the White House fleet to battery-powered vehicles within the year. Last week President Obama took a step towards that goal: he announced that the government will buy 17,600 fuel-efficient, American-made cars and hybrids for the government fleet. As reported in the Los Angeles Times, [...]
Read More »Obama’s Energy Plans and What They Mean
The big news story of last week was President Obama’s address to Congress on his plans for economic recovery. In his speech, Obama focused on three main areas that he deemed “critical to our economic future”: education, health care, and energy.
His comments on energy policy were consistent with positions he staked out during his [...]
Democratic Leaders Stress Urgency, Importance of Power Grid at Clean Energy Conference
An all-star cast of Democratic lawmakers met in Washington to discuss clean energy use in the U.S. at the National Clean Energy Project forum yesterday, which was organized by the Center for American Progress. Al Gore, Bill Clinton, Harry Reid, Nancy Pelosi and current Energy Secretary Steven Chu all attended the conference and voiced their [...]
Read More »Stimulus Package Provides Boon to Green Energy
Yesterday in Denver, President Obama signed the $787 billion American Recovery and Reinvestment Act into law.
This historic moment took place at the Denver Museum of Nature and Science, a public building that uses solar panels installed in the roof to generate green energy. The location choice was no accident–by selecting the museum, Obama made a [...]
Pickens Cites Progress on ‘Pickens’ Plan,’ Supports Obama Stimulus Efforts
T. Boone Pickens appeared on CNBC today and offered more encouraging words about his Plan to reduce American dependence of foreign oil. He also mentioned that he is encouraged by the part of the stimulus plan that deals with the energy sector and applauded President for having a plan to ween the U.S. off of [...]
Read More »Crude Up, Heating Oil Down on Federal Mortgage Assistance
The price of crude rose this morning, climbing 2.7% to $34.90 a barrel as of 9:26 am eastern time. The rice of crude increased along with stock prices in reaction to news that the Obama Administration is currently working out a program to help troubled homeowners pay their mortgages, building the expectation that government action [...]
Read More »Tough Times Continue for Leading Sectors of Renewable Energy Industry
The energy trading information site energygem.com linked to a New York Times article published yesterday that details the suffering of the wind and solar panel sectors as a result of the recession and credit crunch.
After experiencing an extensive boom in business and investment in recent years, wind turbine and solar panel manufacturers are canceling orders [...]
Did Obama Singlehandedly Lift Energy Markets With his Reassuring Words?
Prominent energy market analyst Phil Flynn posted a blog on insidefutures.com today that offered a somewhat tongue-in-cheek explanation for the precipitous rise of crude oil prices in recent days: “the last few trading sessions of oil have directly or indirectly fallen under the new President’s spell.”
The major price increases posted by crude oil on NYMEX [...]
Crude and Heating Oil Make Surprise Leap, Post Big Gains
Evidence that OPEC nations are cutting oil output as planned, economic optimism fueled by Obama’s stimulus package, and a resurgent stock market all contributed to a huge increase it the price of crude today, which gained 6.4% to settle at $46.47 a barrel. Forecasts of another cold front set to hit the Midwest and Northeast [...]
Read More »Pickens Continues to Promote Wind and Natural Gas Plan; Calls for U.S. “Wind Bank” to Fund Wind Energy Projects
At the age of 80, billionaire oilman T. Boone Pickens is as spry and tenacious as a wet-behind-the ears entrepreneur. As part of his tireless campaign for Americans to get behind his “Pickens’ Plan” to use wind and natural gas to cut down on foreign oil dependence, he called on Wednesday for a federally-funded [...]
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