Money Matters - Simplified

Energy

GE invests in ESolar to build hybrid power plants

The General Electric Co. (GE) is surely betting big on the renewable energy industry.

CO2 emissions soar to record levels, IEA says

After a dip in 2009 caused by the global financial crisis, energy-related carbon-dioxide (CO2) emissions reached a record high in 2010, the International Energy Agency (IEA) said Monday.

Saudi prince wants crude oil prices to come down

Prince Alwaleed bin Talal from the royal family of Saudi Arab said during an interview to CNN that his country would like to see the oil prices between $70 and $80 so that the US and the European nations do not accelerate their search for alternate sources of energy.

Power restored to Texas City after major blackout

A massive blackout plunged Texas City and La Marque into darkness early Friday morning, affecting thousands of people and businesses in the neighboring cities.

Shell to go ahead with floating LNG project

It will surely be extremely large, approximately the size of four football fields put together. That’s what Royal Dutch Shell intends to build, as it bets big time on liquefied natural gas (LNG) in Asia.

No power backup for Texas Refineries during repair of transmission lines

Texas City refinery

Texas refineries may not get power backup in the coming week as the Texas New Mexico Power Co. is going to conduct repairs and maintenance of its transmission lines.

TNMP spokeswoman, Cathy Garber, in a telephonic interview, said that the Texas refineries will not have access to the backup supply because Texas New Mexico Power Co. workers will clean dust and residue from the insulators and they will also coat them with a sealant. The whole process will take about two to three weeks.

Toyota and Microsoft shake hands for energy efficient electric cars

Toyota President Akio Toyoda and Microsoft CEO Steve Ballmer announced through a joint webcast about the creation of Toyota Media Service to provide data services initially to the Toyota Prius drivers. The companies will be investing $ 12 million in this joint venture.

BP loses personal data of oil spill claimants

In the news again

Just when things could not get any worse for BP, they actually have. Barely had the company recovered from the international outburst over its April 2010 oil spill in the Gulf of Mexico, it is again in the news for all the wrong reasons.

Is Allegheny Energy's Management Creating Value?


Warren Buffett's partner, Charlie Munger, once said, "I think I've been in the top 5% of my age cohort all my life in understanding the power of incentives, and all my life I've underestimated it. And never a year passes but I get some surprise that pushes my limit a little farther."

This Just In: Upgrades and Downgrades

 At The Motley Fool, we poke plenty of fun at Wall Street analysts and their endless cycle of upgrades, downgrades, and "initiating coverage at neutral." So you might think we'd be the last people to give virtual ink to such "news." And we would be -- if that were all we were doing.