Get set for even higher crude oil prices; a renewable energy bill is headed for consideration by the U.S. House next week; and do you Twitter? Start your weekend with up-to-date CleanTech news from EcoTech Daily.
When Goldman Speaks, People Buy Oil: When brokerage house Goldman Sachs started talking about $200 a barrel oil prices a few weeks ago, many market analysts dismissed the prediction as somewhat self-fulfilling. In any case, the bulls have since dominated petroleum trading. Crude rose to new record prices yesterday, up $2.17 to $126.29 a barrel at Friday’s New York close. Goldman Sachs believes crude will break $141 a barrel sometime in the second half of the year. (Forbes)
Renewed Life For Renewable Energy: A renewable energy bill which would continue billions of dollars in tax incentives for solar power, wind energy, and biomass research cleared committee by the end of last week and is headed to the floor of the U.S. House of Representatives. As it currently stands, the bill earmarks about $54 billion worth of green energy subsidies. It also contains money for deeply controversial “clean coal” research and post-Katrina cleanup. The bill could be brought up for a vote next week. (Envirowonk)








