Breaking The Oil Addiction: Oil And Water Do Mix In India

Breaking The Oil Addiction: Oil And Water Do Mix In India: "Emulsified fuel combines water and diesel oil. A privately held “special sauce” of additives is included in the mix to keep water and oil from separating like they normally would. Srinivasan Gopalakrishnan of Hydrodrive Systems and Controls said his molecular engineering process uses 25 percent water and 75 percent diesel fuel, better than several European emulsified fuels now on the market. They have no more than 20 percent water. A fuel that requires more diesel costs more."

Gold rush fever returns to the California hills - Telegraph

Gold rush fever returns to the California hills - Telegraph

JPMorgan Chase CEO: Recession Just Beginning

JPMorgan Chase CEO: Recession Just Beginning: "NEW YORK -- JPMorgan Chase & Co.'s chief executive said Monday that while the crisis in the credit markets appears to be three-quarters over, he believes a U.S. recession is just beginning.

'Even if the capital markets crisis resolves, it does not mean that this country will not go into a bad recession,' said CEO James Dimon, whose bank saw its first-quarter profit fall by half due to the recent collapse of the U.S. mortgage market. 'The recession just started.'"

Dollar, not supply, causes record oil - Iran offical - Yahoo! India News

Dollar, not supply, causes record oil - Iran offical - Yahoo! India News: "TEHRAN (Reuters) - The weak U.S. dollar is the main reason behind oil prices rising to record levels, not demand or supply factors, an Iranian Oil Ministry official was quoted as saying on Saturday."

Bloomberg.com: Worldwide

Bloomberg.com: Worldwide: "May 1 (Bloomberg) -- Gulf states are considering dropping their pegs to the dollar after the U.S. currency's decline stoked inflation across the region, Kuwaiti Finance Minister Mustafa al- Shimali said."

Iran Ends Oil Transactions In U.S. Dollars, OPEC's Second-Largest Producer Now Pegs Petroleum To Euros And Yen - CBS News

Iran Ends Oil Transactions In U.S. Dollars, OPEC's Second-Largest Producer Now Pegs Petroleum To Euros And Yen - CBS News: "(AP) Iran, OPEC's second-largest producer, has completely stopped conducting oil transactions in U.S. dollars, a top Oil Ministry official said Wednesday, a concerted attempt to reduce reliance on Washington at a time of tension over Tehran's nuclear program and suspected involvement in Iraq."

reportonbusiness.com: 'There is no sign of a bottom'

reportonbusiness.com: 'There is no sign of a bottom': "WASHINGTON -- Conditions at the epicentre of the credit crunch are getting worse as Ben Bernanke and the U.S. Federal Reserve Board appear poised to slow their aggressive drive to cut interest rates. Home prices are falling faster in virtually every major U.S. city and foreclosures are on a pace to double over last year, according to two reports released yesterday."