WASHINGTON - September 23, 2009 - This morning, Treasury Secretary Tim Geithner and Energy Secretary Steven Chu hosted a group of clean energy developers and manufacturers at the White House to discuss how the American Recovery and Reinvestment Act (Recovery Act) is creating jobs and helping expand the development of clean, renewable domestic energy.

Washington, DC - September 18, 2009 - Today, Secretary Steven Chu announced that the Department of Energy has closed on its loan offer of $5.9 billion to Ford Motor Company to transform factories across Illinois, Kentucky, Michigan, Missouri, and Ohio to produce more fuel efficient models.

WASHINGTON, DC - September 14, 2009 - U.S. Secretary of Energy Steven Chu today announced a new $450 million program designed to catalyze a nationwide energy upgrade that experts estimate could save $100 million annually in utility bills for households and businesses.

Washington, DC - July 30, 2009 - U.S. Energy Secretary Steven Chu announced today that the Department of Energy will provide up to $30 billion in loan guarantees, depending on the applications and market conditions, for renewable energy projects.

Sylmar, CA -- June 25, 2009 -- On behalf of the California Congressional Delegation, Representative Brad Sherman has submitted a letter to the U.S. Department of Energy Secretary Steven Chu supporting Quallion LLC's application for funding under the Department of Energy's Electric Drive and Vehicle Battery and Component Manufacturing Initiative.

SPRINGFIELD, Va. -- May 27 2009 -- Versar, Inc. (NYSE Amex:VSR) announced today that it was one of 53 organizations selected for new wind energy projects funded by the U.S. Department of Energy (DOE), as announced by DOE Secretary Steven Chu.

In the energy market on Friday, the price of oil drifted lower, with crude for April delivery closing at $46.25/barrel, down 78 cents. April reformulated gasoline rose three-quarters of a cent, to $1.3529/gallon.

Traders reacted to the possibility that OPEC may not cut production when it meets in Vienna on Sunday.

President Obama is reported to have been jawboning King Abdullah of Saudi Arabia, and Energy Secretary Steven Chu warned OPEC that if it cuts production, it could severely hamper attempts at economic recovery.

“They are trying to convey to OPEC that it is time they did their part to help speed the global economic recovery,” said Phil Flynn, of Alaron Trading.

James Williams, of WTRG Economics, says that there are several factors suggesting that OPEC will leave quotas unchanged this time: The Saudis have cut a disproportionate amount and will most likely push for others to come into line before agreeing to

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WASHINGTON - March 5 2009 - U.S. Department of Energy Secretary Steven Chu today announced the release of two Funding Opportunity Announcements (FOAs) for up to $84 million to support the development of Enhanced Geothermal Systems (EGS).

Nigeria’s oil-rich Niger Delta has long been plagued by the Movement for the Emancipation of the Niger Delta (MEND), a rebel group whose attacks against oil infrastructure and personnel have slashed Nigerian oil output by a fifth (the country is the world’s eighth-largest oil exporter). Now, Reuters reports that “insecurity in northern Niger, where Tuareg rebels are fighting government forces, is stifling investment in the vast desert nation’s mining industry.” Niger is one of the world’s top uranium producers and has handed out 127 mining exploration permits over the last three years in order to attract more investment. Interest in uranium for nuclear power generation has increased in recent years due to high oil prices and concerns about global warming. In fact, U.S. President Barack Obama’s energy secretary, Steven Chu, has repeatedly stated that nuclear power must play a …

div align=”justify”How Chairman Mao must be spinning in his grave. Stepping back from the statistical noise surrounding China’s trade and reserves, the great deception at the heart of China’s economic policy becomes apparent. The day when the Chinese population wake up to the implications is growing closer, as last year’s hot money flooding the capital account in anticipation of Yuan revaluation now turns to wholesale capital flight, such that exchange controls have recently been tightened in panic. emstrongChina has subsidized exports made by its impoverished workers for rich Western consumers to a huge and longstanding degree/strong/em, but implicitly via the ‘crawling’ currency peg. China’s central bank has been forced to purchase huge volumes of dollar assets (on which it can expect an eventual loss in real terms) so China’s subsidy to US consumers has been hidden in this overpayment. The Communist technocrats at the PBOC responsible for China’s huge currency …