Economy & Business

"The standard 100-watt light bulb is going away, and its lower-wattage cousins are soon to follow."

"WASHINGTON — A federal tax credit for ethanol expired on Saturday, ending an era in which the federal government provided more than $20 billion in subsidies for use of the product."

"WASHINGTON -- Four domestic companies that make most of the steel towers for wind turbines in the United States filed a trade complaint against China and Vietnam on Thursday, seeking tariffs in the range of 60 percent. The action is a significant new skirmish in an emerging green energy trade war.

Despite Iran's threat to close the Strait of Hormuz, some global oil prices fell. It turns out Iran's influence on the international oil market may be weak, and its threats more an effort to head off international sanctions that will harm its own weakened petroleum economy. Shipping lanes are just one of many major strategic factors affecting the global oil market. Iran has, however, offered spurious ammunition to U.S. politicians crowing for US acts of war against it. Right now, the news media are taking Iran's threats more seriously than the oil market is.

"BP has taken the axe to its solar power business, saying it 'can't make any money' from selling panels at a time when it continues to spend $20bn annually on oil and gas developments."

"Robert Finne was talking with a friend about the Arkansas Oil and Gas Commission earlier this year when they both started wondering, 'Who are these people?' So they wrote to the commission and asked. Finne, a critic of gas drilling in the Fayetteville Shale, was surprised to learn that most of the commissioners owned oil and gas drilling companies. 'I knew the cards were stacked against us, but I had no idea how badly,' Finne said."

Mike Soraghan reports for Greenwire December 19, 2011.

"The Organization of the Petroleum Exporting Countries agreed on Wednesday to increase its production target for the first time in three years, a move that appeared to signal that Saudi Arabia and Iran had put aside their recent differences on oil policy, at least temporarily.