FuelMonger

Cnn.com
The Clinton Global Initiative took place in Hong Kong.  Amidst social resonsibility taking the back burner during the current financial crisis, business leaders in environmental consciousness spoke.  The main message throughout the summit: being green must prove profitable…and turning a profit must be green.

Brietbart.com
OPEC leaders met in Cairo on Saturday to determine a market quota. While demand has been down, the organization made no decision to limit output. Leaders think a consensus for supply quotas may be made in December.

www.forbes.com
Leaders in natural gas from Russia, Iran and Qatar formed an alliance similar to OPEC. While gas prices sell for about half what they did at their high, natural gas producers ramp up. But the agreements won’t prove quite as effective since natural gas is used in only small pockets of the global market.

Kuwait News Agency
Kuwait Petroleum Corporation denies any allegations of discussion to store oil reserves abroad in China, Vietnam, or other parts of the Asia. The corporation is accused of considering stockpiling due to international tensions that may break out. But as crude prices decline, the idea of stockpiling dramatically falls.

New York Times
Kate Galbraith discusses the personal missions of BP’s T. Boone Pickens and Chesapeake Energy’s Aubrey K. McClendon and their traditional strategy of getting their energy message to the masses.

Technology Review
Technology Review’s Kevin Bullis sits down with Steven Koonin, BP’s chief scientist, to discuss strategies on energy and where BP is headed.

Scotsman.com
EDF (Electricite de France) buys out British Energy which has a plant and 1,400 jobs in Scotland. EDF claims it plans to keep the plant open, but Scottish policy against nuclear energy feeds fears of the plant closure. This is the third FTSE 1000 company bought out with plants in Scotland.

Freep.com
Chrysler announced today that is has plans for 3 different electric vehicles. The first should be available to North American markets in 2010 and in Europe shortly after.

www.washingtonpost.com
GM announced that in order to make its goal of having the all electric Chevy Volt on the market by 2010, it may need to produce the batteries outside of the U.S. At the same time the company asked congress for $25 billion dollar in loans to support the development of advanced technology vehicles.

www.latimes.com
A multi-million dollar development project on one of the last untouched promontories in the state of California was finally approved after years of legal haggling. The developers are set to make millions while conservationists bemoan the loss of a beautiful natural area.