Copyright (c) 2008 Yahoo! Inc. All rights reserved. http://news.yahoo.com/i/2365 Energy News en-us Fri, 09 May 2008 11:19:07 GMT 5 142 18 http://news.yahoo.com/i/2365 http://us.i1.yimg.com/us.yimg.com/i/us/nws/th/main_142b.gif http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20080509/ts_afp/commoditiesenergyoilprice afp/20080509/commoditiesenergyoilprice AFP Fri, 09 May 2008 11:19:07 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20080509/ts_afp/commoditiesenergyoilprice"><img src="http://d.yimg.com/us.yimg.com/p/afp/20080509/capt.cps.ncy73.090508131833.photo00.photo.default-512x307.jpg?x=130&y=77&q=85&sig=OfdiQeX5y1jptmFXKT5fOg--" align="left" height="77" width="130" alt="An attendant fills up a car at a petrol station in Hong Kong. The price of New York crude oil surged past 125 dollars per barrel, lifted by speculative demand amid concerns about tight global energy supplies(AFP/Laurent Fievet)" border="0" /></a>AFP - The price of New York crude oil surged past 125 dollars per barrel on Friday, lifted by speculative demand amid concerns about tight global energy supplies, analysts said.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20080509/ts_afp/commoditiesenergyoilprice"><img src="http://d.yimg.com/us.yimg.com/p/afp/20080509/capt.cps.ncy73.090508131833.photo00.photo.default-512x307.jpg?x=130&y=77&q=85&sig=OfdiQeX5y1jptmFXKT5fOg--" align="left" height="77" width="130" alt="photo" title="An attendant fills up a car at a petrol station in Hong Kong. The price of New York crude oil surged past 125 dollars per barrel, lifted by speculative demand amid concerns about tight global energy supplies(AFP/Laurent Fievet)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20080509/ts_afp/commoditiesenergyoilpricerecord afp/20080509/commoditiesenergyoilpricerecord AFP Fri, 09 May 2008 10:32:49 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20080509/ts_afp/commoditiesenergyoilpricerecord"><img src="http://d.yimg.com/us.yimg.com/p/afp/20080509/capt.cps.ncy58.090508123214.photo00.photo.default-512x303.jpg?x=130&y=76&q=85&sig=k2YLfjFE_rPVrbOtI0pQEA--" align="left" height="76" width="130" alt="A policeman directs traffic in Jakarta's main street during a morning rush hour, on May 6. World oil prices hit a fresh record high point close to 125 dollars per barrel, extending this week's record run after OPEC insisted the market was well-supplied and driven by speculators.(AFP/File/Bay Ismoyo)" border="0" /></a>AFP - The price of New York crude oil surged past 125 dollars per barrel on Friday, lifted by speculative demand amid concerns about tight global energy supplies, analysts said.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20080509/ts_afp/commoditiesenergyoilpricerecord"><img src="http://d.yimg.com/us.yimg.com/p/afp/20080509/capt.cps.ncy58.090508123214.photo00.photo.default-512x303.jpg?x=130&y=76&q=85&sig=k2YLfjFE_rPVrbOtI0pQEA--" align="left" height="76" width="130" alt="photo" title="A policeman directs traffic in Jakarta's main street during a morning rush hour, on May 6. World oil prices hit a fresh record high point close to 125 dollars per barrel, extending this week's record run after OPEC insisted the market was well-supplied and driven by speculators.(AFP/File/Bay Ismoyo)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/ap/20080508/ap_on_re_us/pipeline_bribe ap/20080508/pipeline_bribe AP Thu, 08 May 2008 20:56:03 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/ap/20080508/ap_on_re_us/pipeline_bribe"><img src="http://d.yimg.com/us.yimg.com/p/ap/20080508/capt.cf8da2dd8e664559b5f43cb3297a42d2.pipeline_bribe_akag102.jpg?x=89&y=130&q=85&sig=BEj5GTPmfH10Yi5UZ2p2qg--" align="left" height="130" width="89" alt="Former Alaska state Representative Vic Kohring leaves the federal building in Anchorage, Alaska on Thursday, May 8, 2008, after being sentenced in federal court to 3 1/2 years in prison for corruption charges. Kohring was convicted in November of accepting at least $2,600 from executives of VECO Corporation, an influential Alaska company that provided engineering, construction and facility maintenance services to oil producers. (AP Photo/Al Grillo)" border="0" /></a>AP - A former Alaska legislator convicted of taking bribes to push legislation for a major natural gas pipeline was sentenced Thursday to 3 1/2 years in federal prison.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/ap/20080508/ap_on_re_us/pipeline_bribe"><img src="http://d.yimg.com/us.yimg.com/p/ap/20080508/capt.cf8da2dd8e664559b5f43cb3297a42d2.pipeline_bribe_akag102.jpg?x=89&y=130&q=85&sig=BEj5GTPmfH10Yi5UZ2p2qg--" align="left" height="130" width="89" alt="photo" title="Former Alaska state Representative Vic Kohring leaves the federal building in Anchorage, Alaska on Thursday, May 8, 2008, after being sentenced in federal court to 3 1/2 years in prison for corruption charges. Kohring was convicted in November of accepting at least $2,600 from executives of VECO Corporation, an influential Alaska company that provided engineering, construction and facility maintenance services to oil producers. (AP Photo/Al Grillo)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20080508/sc_afp/brazilenergybiofuelsugarcane afp/20080508/brazilenergybiofuelsugarcane AFP Thu, 08 May 2008 20:51:09 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20080508/sc_afp/brazilenergybiofuelsugarcane"><img src="http://d.yimg.com/us.yimg.com/p/afp/20080508/capt.cps.ncv79.080508224858.photo00.photo.default-512x338.jpg?x=130&y=85&q=85&sig=V0FRgJleHMvx.jNqP7z1Xw--" align="left" height="85" width="130" alt="Cars pass by a Petrobras petrol station where the pumps are ready to refuel either with gas, alcohol from sugar cane or bio-diesel in Rio de Janeiro, Brazil. Biofuel and other derivatives from sugarcane have for the first time overtaken hydroelectric power as an energy source in Brazil, according to an annual official study released Thursday.(AFP/File/Vanderlei Almeida)" border="0" /></a>AFP - Biofuel and other derivatives from sugarcane have for the first time overtaken hydroelectric power as an energy source in Brazil, according to an annual official study released Thursday.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20080508/sc_afp/brazilenergybiofuelsugarcane"><img src="http://d.yimg.com/us.yimg.com/p/afp/20080508/capt.cps.ncv79.080508224858.photo00.photo.default-512x338.jpg?x=130&y=85&q=85&sig=V0FRgJleHMvx.jNqP7z1Xw--" align="left" height="85" width="130" alt="photo" title="Cars pass by a Petrobras petrol station where the pumps are ready to refuel either with gas, alcohol from sugar cane or bio-diesel in Rio de Janeiro, Brazil. Biofuel and other derivatives from sugarcane have for the first time overtaken hydroelectric power as an energy source in Brazil, according to an annual official study released Thursday.(AFP/File/Vanderlei Almeida)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20080508/ts_afp/venezuelaoil afp/20080508/venezuelaoil AFP Thu, 08 May 2008 19:52:26 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20080508/ts_afp/venezuelaoil"><img src="http://d.yimg.com/us.yimg.com/p/afp/20080508/capt.cps.ncv40.080508215044.photo00.photo.default-382x512.jpg?x=96&y=130&q=85&sig=R7elDi106sDKmwJ5rB6zBw--" align="left" height="130" width="96" alt="Venezuela's Minister of Energy and Petroleum Rafael Ramirez speaks during a meeting with South American counterparts in Caracas. Venezuela's proven crude oil reserves had swelled to 130 billion barrels as of late April, marking a rise of 30 billion from its prior estimate, Ramirez said Thursday.(AFP/Juan Barreto)" border="0" /></a>AFP - Venezuela's proven crude oil reserves had swelled to 130 billion barrels as of late April, marking a rise of 30 billion from its prior estimate, energy and oil minister Rafael Ramirez said Thursday.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20080508/ts_afp/venezuelaoil"><img src="http://d.yimg.com/us.yimg.com/p/afp/20080508/capt.cps.ncv40.080508215044.photo00.photo.default-382x512.jpg?x=96&y=130&q=85&sig=R7elDi106sDKmwJ5rB6zBw--" align="left" height="130" width="96" alt="photo" title="Venezuela's Minister of Energy and Petroleum Rafael Ramirez speaks during a meeting with South American counterparts in Caracas. Venezuela's proven crude oil reserves had swelled to 130 billion barrels as of late April, marking a rise of 30 billion from its prior estimate, Ramirez said Thursday.(AFP/Juan Barreto)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20080508/ts_afp/commoditiesenergyoilasiaprice afp/20080508/commoditiesenergyoilasiaprice AFP Thu, 08 May 2008 06:53:00 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20080508/ts_afp/commoditiesenergyoilasiaprice"><img src="http://d.yimg.com/us.yimg.com/p/afp/20080508/capt.cps.ncr29.080508085009.photo00.photo.default-512x334.jpg?x=130&y=84&q=85&sig=mku1Az_EQyJ5g_m39INxOQ--" align="left" height="84" width="130" alt="A worker of state oil company Pertamina cycles past barrels filled with fuel in Jakarta, on May 6. World oil prices continued their record-breaking run Thursday, reaching a fresh intra-day peak near 124 dollars a barrel despite a larger-than-expected rise in US crude stocks.(AFP/Dewira)" border="0" /></a>AFP - World oil prices continued their record-breaking run Thursday, reaching a fresh intra-day peak near 124 dollars a barrel despite a larger-than-expected rise in US crude stocks.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20080508/ts_afp/commoditiesenergyoilasiaprice"><img src="http://d.yimg.com/us.yimg.com/p/afp/20080508/capt.cps.ncr29.080508085009.photo00.photo.default-512x334.jpg?x=130&y=84&q=85&sig=mku1Az_EQyJ5g_m39INxOQ--" align="left" height="84" width="130" alt="photo" title="A worker of state oil company Pertamina cycles past barrels filled with fuel in Jakarta, on May 6. World oil prices continued their record-breaking run Thursday, reaching a fresh intra-day peak near 124 dollars a barrel despite a larger-than-expected rise in US crude stocks.(AFP/Dewira)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/nm/20080507/pl_nm/usa_senate_energy_dc nm/20080507/usa_senate_energy_dc Reuters Wed, 07 May 2008 22:26:58 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/nm/20080507/pl_nm/usa_senate_energy_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080508/2008_05_07t142158_450x300_us_usa_senate_energy.jpg?x=130&y=86&q=85&sig=7lO4sbzNEHFEmpmv3haCBw--" align="left" height="86" width="130" alt="The sun rises over electric power lines in Encinitas, California September 4, 2007. (Mike Blake/Reuters)" border="0" /></a>Reuters - Democrats in the Senate on Wednesday unveiled a new energy package that would revoke $17 billion in tax breaks extended to big oil companies like Exxon Mobil Corp and slap a 25 percent windfall profits tax on firms that don't invest in new energy sources.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/nm/20080507/pl_nm/usa_senate_energy_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080508/2008_05_07t142158_450x300_us_usa_senate_energy.jpg?x=130&y=86&q=85&sig=7lO4sbzNEHFEmpmv3haCBw--" align="left" height="86" width="130" alt="photo" title="The sun rises over electric power lines in Encinitas, California September 4, 2007. (Mike Blake/Reuters)" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/ap/20080507/ap_on_go_co/democrats_energy ap/20080507/democrats_energy AP Wed, 07 May 2008 22:21:24 GMT AP - Senate Democrats on Wednesday called for a windfall profits tax on oil companies and a rollback of $17 billion in oil industry tax breaks as part of an energy package. The proposal also would impose federal penalties on energy price gouging and calls for stopping oil deliveries into the government's emergency reserve. http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/nm/20080507/pl_nm/usa_politics_mccain_energy_dc nm/20080507/usa_politics_mccain_energy_dc Reuters Wed, 07 May 2008 21:23:42 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/nm/20080507/pl_nm/usa_politics_mccain_energy_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080508/2008_05_08t082827_450x289_us_usa_politics_mccain_energy.jpg?x=130&y=83&q=85&sig=x5KWHNrJxJvx2XDO01G_Cw--" align="left" height="83" width="130" alt="Republican presidential candidate Senator John McCain (R-AZ) speaks during a visit in Charlotte, North Carolina, May 5, 2008. (Chris Keane/Reuters)" border="0" /></a>Reuters - Republican U.S. presidential candidate John McCain said on Wednesday he would support incentives to encourage states to develop potential oil fields but would not try to force them to exploit potential resources, especially in environmentally sensitive areas.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/nm/20080507/pl_nm/usa_politics_mccain_energy_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080508/2008_05_08t082827_450x289_us_usa_politics_mccain_energy.jpg?x=130&y=83&q=85&sig=x5KWHNrJxJvx2XDO01G_Cw--" align="left" height="83" width="130" alt="photo" title="Republican presidential candidate Senator John McCain (R-AZ) speaks during a visit in Charlotte, North Carolina, May 5, 2008. (Chris Keane/Reuters)" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/nm/20080506/us_nm/usa_oil_demand_dc nm/20080506/usa_oil_demand_dc Reuters Tue, 06 May 2008 20:25:19 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/nm/20080506/us_nm/usa_oil_demand_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080507/2008_05_06t184407_450x378_us_usa_oil_demand.jpg?x=130&y=109&q=85&sig=dwwxQyTbwfjRThSVAPTI9g--" align="left" height="109" width="130" alt="A general view shows oil wells in Los Angeles, May 6, 2008. (Hector Mata/Reuters)" border="0" /></a>Reuters - Higher U.S. gasoline prices and a slowing economy will cut into U.S. oil demand through the summer driving season much more than previously thought, the government's top energy forecasting agency said on Tuesday.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/nm/20080506/us_nm/usa_oil_demand_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080507/2008_05_06t184407_450x378_us_usa_oil_demand.jpg?x=130&y=109&q=85&sig=dwwxQyTbwfjRThSVAPTI9g--" align="left" height="109" width="130" alt="photo" title="A general view shows oil wells in Los Angeles, May 6, 2008. (Hector Mata/Reuters)" border="0"/></a></p><br clear="all"/> (Reuters)