Oil prices dropped below $129 a barrel. The sharp decline came amid a growing sense that soaring gas and oil prices have cut demand for fuel during the normally busy summer driving season. At the pump, retail gasoline prices rose, but only slightly.
Light, sweet crude for July delivery fell $3.34 to settle at $128.85 a [...]

Quantum Fuel Systems Technologies Worldwide Inc. says its German solar partner, Asola Advanced and Automotive Solar Systems GmbH, won a $17 million contract from Sunworx GmbH for the supply of high-efficiency silicon photovoltaic solar modules. Sunworx will take delivery of the modules this year.
Quantum and Asola recently announced plans to triple solar module production capacity [...]

H.J. Heinz Co. plans to reduce its greenhouse gas emissions by 20 percent within about 7 years.
Chief Executive Bill Johnson says Heinz is finding new ways to reduce its environmental impact, which includes converting potato peels into biofuel and reducing packaging by 15 percent.
Heinz says it will cut energy consumption and reduce waste through increased [...]

The first consignment of uranium fuel from Russia for unit-1 of 1000 MW Kudankulam Nuclear power project-KKNPP in the southern Indian state of Tamil Nadu has reached here on Monday.
Nuclear Power Corporation of India limited-NPCIL spokesperson A I Siddiqui said KKNPP, comprising of two units of 1000 MW (e) each, are at an advanced stage [...]

In a report to be released Tuesday, London-based New Finance Energy says increased biofuels production is not a primary culprit behind rising food prices.
The study looks at food price increases from 2004 to 2008 and factors such as input costs, dollar depreciation, supply and demand, and speculative activity. It finds that growing emphasis on biofuels [...]

Crude-oil inventories fell unexpectedly last week after four straight weeks of gains.
For the week ended May 16, crude-oil inventories dropped by 5.4 million barrels to 320.4 million barrels, which is 6.5 percent below year-ago levels, the Energy Department’s Energy Information Administration (EIA) said in its weekly report.
Analysts expected a gain of 900,000 barrels, according to [...]

Alternative energy company Quantum Fuel Systems Technologies Worldwide Inc. says its German partner will boost solar module manufacturing capacity for its European systems to meet growing demand.
Asola Advanced and Automotive Solar Systems GmbH will lift its capacity to 45 megawatts peak power annually and will build a new plant.
Quantum said it is in talks to [...]

The Energy Department’s Energy Information Administration says carbon dioxide emissions in the U.S. increased last year, compared with emission levels in 2006.
EIA says 5.98 million tons of carbon dioxide went into the air in 2007, a 1.6 percent increase from the year before. EIA blames greater demand for heating and cooling, as well as “higher [...]

Oil prices surged to a new trading record above $129 a barrel Tuesday amid continuing concern about global supply.
U.S. light crude for June delivery reached $129.58 a barrel in electronic trading, surpassing the previous intraday mark of $127.82 hit Friday as it smashed through the $128 barrier in a matter of minutes. At 11 a.m. [...]

Kazakhstan banned the export of all refined oil products, as the energy-rich Central Asian nation grapples with soaring fuel costs.
The announcement, made by Prime Minister Karim Masimov at a government meeting, comes just days after opposition parties called on his government to resign amid what they call a worsening economic climate.
Kazakhstan has huge oil and [...]