eNergy Culture

Valero CEO Bill Kless spoke out against ethanol at a National Petrochemical and Refiners Association conference in San Diego. (Reuters) - Using corn to produce ethanol will make food so expensive in poor countries that it will cause more misery than global warming, the chief of the biggest U.S. refining company claimed this week. "Corn and ethanol production and the resulting high prices will impact the world in a much more acute negative way than greenhouse gas emissions and climate change...Read Full Story

Valero CEO Bill Kless spoke out against ethanol at a National Petrochemical and Refiners Association conference in San Diego. (Reuters) - Using corn to produce ethanol will make food so expensive in poor countries that it will cause more misery than global warming, the chief of the biggest U.S. refining company claimed this week. "Corn and ethanol production and the resulting high prices will impact the world in a much more acute negative way than greenhouse gas emissions and climate change...Read Full Story

With the recent rise of both crude oil and gasoline (petrol) prices, there has been an increasing amount of interest in how crude oil is used to make gasoline. In this article, I will explain the basic refining process and point you to other sources where you can find more detailed information on this topic. Crude oil, otherwise known as petroleum, is a fossil fuel that is extracted from the ground and refined to make a wide variety of products ranging from liquids like cleaning solvents...Read Full Story

Friday, 15 July 2011 10:52 Nippon Yusen Kabushiki Kaisha and the Itochu Corporation announced that an international joint venture (JV) of companies to own and operate a Floating, Production, Storage and Offloading system (FPSO1) together with SBM Offshore N.V. (SBM; Netherlands) and Queiroz Galvão Óleo e Gás S.A (QGOG; Brazil) has been established and that the contracts for the twenty year charter and operation of the FPSO for the development of the Lula Nordeste field2 in the pre-salt...Read Full Story

Crude oil rose for the first time in three days in New York as a storm near Cuba prompted evacuations from rigs and production platforms in the Gulf of Mexico. Tropical Storm Fay, with maximum sustained winds of about 50 miles (80 kilometers) an hour, was centered 200 miles southeast of Havana, Cuba at 8 p.m. New York time and may strengthen to a hurricane before striking Florida's northwestern coast Aug. 19, the National Hurricane Center said. Gains were limited on speculation slowing U.S...Read Full Story