Oil and Gas the Least Popular Industry in America
Yesterday, Grist featured a gallup survey on the popularity of different business sectors. It turns out that oil and gas is the least popular industry in America. That’s right. Less popular than bankers, lawyers or airlines.
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US Dependence on Saudi Oil back on the Rise
Imports of Saudi oil to the United States will rise by 20% this year. Clifford Krauss in the The New York Times reports the pickup started last year, partially as a result of tightening sanctions on Iranian oil sales. According to Krauss, “It is a development that has alarmed conservative and liberal foreign policy experts alike, especially with oil prices and Mideast tensions rising in recent weeks.”
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Japanese Firm to Invest $680 Million on Solar
Bloomberg reports Japanese finance and leasing company Orix Corp plans to spend $680 million on solar projects in the next 3 years. Plans come after Japan introduced feed-in tariffs in July. The Japanese incentive programme requires utility companies to pay above market prices to clean energy producers.
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