Steven Chu: alternative energy sources will make the United States from dependence on oil imports

August 11 Las Vegas news, the U.S. energy secretary said Monday Chu, through the use of a new generation of bio-fuel vehicles and electric vehicles, the United States may no longer completely dependent on imported oil. However, he declined to predict when the United States can no longer completely dependent on imported oil. He is a new generation of bio-fuel vehicles and electric vehicles optimism.

Last week, the Department of Energy to develop a car battery to the 2.4 billion U.S. dollars to provide financial assistance. Chu said he hoped to be able to in the next 3-4 years, the United States to begin from fossil fuels to electric vehicles, changing vehicle. He also said that biofuel production will use agricultural waste and dedicated energy crops, food and therefore will not form a contradiction between the fuel, thereby eliminating the development of bio-fuels will lead to concerns about rising food prices.

Aug. 12, 2009

Brazil, the U.S. to provide 10 billion USD to develop oil reserves

Rio de Janeiro, August 8 news, the Brazilian government planning minister Paul Bernardo on August 7, said here that the United States, Brazil is prepared to provide 10 billion U.S. dollars of loans for the development of Brazil's huge oil and gas reserves at sea.

The Government of the United States national security adviser Obama James Jones, during his visit to Brazil this week with Brazilian government officials to discuss the loan of. He said that the U.S. Export-Import Bank and the Brazilian national oil company has been on the loan was signed a cooperation letter of intent.

The Government of the United States and China Development Bank provided loans for the same number of loans for the exploration of Brazil is estimated at 80 billion barrels of crude oil reserves of the lower strata of the salt field. In accordance with China Development Bank signed the loan agreement, Brazil will use the oil to repay the loan.

Petrobras plans to invest in 2013 before the 29 billion U.S. dollars to develop a huge oil field salt the lower grades of oil reserves.

Estimated 50-80 billion barrels of oil reserves in the Americas tupi field over the past 30 years was the largest oil and gas discovery. In addition, the Brazilian national oil company so far in the lower strata of salt also found Spodiopogon other fields.

Aug. 10, 2009