This article is an update to the article ‘Facts about offshore oil drilling in the US’ written on bionomic fuels last year. When this article was written, offshore oil drilling in the US was grabbing the headlines as many people were talking about the US’s future energy policy, as well as fuel prices. Things have changed since then, though, and the BP oil spill is the now big talking point. In offshore drilling, oil is extracted from beneath the ocean floor, anywhere from a couple of hundred meters to 250 miles off the coast. Nowadays, oil companies are forced to explore locations as deep as 2 kilometers beneath the ocean's surface, as easily extractable sources of oil are dwindling. Not too many people know that the first place that offshore drilling took place was in Azerbaijan, in the 19th century. Since then offshore rigs have been built all over the world. One of the highest concentrations of them is in the North Sea off the UK, although the output from these rigs has been dropping for many years. The Gulf of Mexico is another area dense in rigs, and there are over 4000 of them currently in operation there.
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The aviation is developing rapidly and going green. Check out these new innovations in the ‘green plane’ industry. This article follows on from our recent article, about green planes. To read this article, click here

Silverjet – the Eco-Stylish Green Airline

A new UK airline called Silverjet has the goal to be the international market leader in business class air travel that is eco-friendly. Silverjet’s green planes currently fly only from New York City to London, but they intend to expand. The company has joined together with Honda, Sky, CarbonNeutral, DHL, and Barclays to make sure that for each ton of CO2 that comes from their flight, there is one ton saved by means of various global climate friendly projects.
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The 2011 Nissan Leaf is certainly not a low-volume exotic vehicle such as the Tesla Roadster nor an electrified version of a traditional gasoline car, such as the Mitsubishi i MiEV. It is definitely not a plug-in hybrid like the Chevrolet Volt nor a common hybrid like the Toyota Prius. The 2011 Nissan Leaf is a completely new, purpose-built, battery-powered family car that will be mass-produced, and as it happens, the very first of this type in the world.
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The oil spill in the Gulf of Mexico will most likely change the balance of power of international oil companies (IOC’s) and national companies in the oil industry.
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In best stocksв news of the day, a leading oil executive and expert from Libya has suggested that Libyan’s sovereign wealth fund purchase a sizable stake in the energy giant BP.
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Tesla Motors Corp was founded in 2003 by a group of intrepid Silicon Valley engineers with the aim of producing increasingly affordable electric cars which are available to the consumer. The company hopes to reduce global dependence on petroleum-based transportation and significantly lower the cost of electric cars. In alternative energy stock news (further information available at reuters), one of the first IPO’s by a US carmaker since Ford in 1956 took place yesterday of the electric carmaker Tesla Motors Corp. The stock price rallied by more than 40% as investors put there money where their belief is: that electric cars will define the future of transportation. Tesla was the biggest gainer on the Nasdaq on Tuesday, and this was the strongest first-day performance since the stock debut of Financial Engines Inc’s March, which leaped 44%.
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Government grants are allocated to not-for-profit organizations or entities. Grants are not loans, but, instead are monies that are freely given, without the requirement of paying back. If you are interested in researching government alternative energy grants, you will need to be set up as a not-for-profit. This is not as easy as it sounds, because there is a list of criteria that you need to accomplish before the government and the Internal Revenue Service approves of that label. Assuming that you have accomplished that hurtle you might want to find the true government alternative energy grants.
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1. Electric Vehicles
Fossil fuel alternatives include electricity. With vehicles like the Zenn electric car being offered electricity is becoming a viable option for transportation. The Zenn electric car has batteries which are more efficient, so fewer plug ins are required and the vehicle can go longer before being recharged. No fossil fuels are needed at all with this option.
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1. An Environmentally Friendly Option
One of the biggest advantages of hybrid cars is the fact that they are very environmentally friendly. They have much less pollution and greenhouse gas emissions because less fossil fuel is used. With hydrogen fuel cells the only emissions are clean and pure water.
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The BYD electric car has seen a lot of press in the last year, and this company has been invested in by Warren Buffet among others. The electric car conversion that is taking place around the world is increasing the demand for electric vehicles and alternative fuels which are better than fossil fuels. Eventually oil, gas, and other fossil fuels will run out. Many people have looked into a diy electric car for many reasons. Fuel prices keep rising and global warming is getting worse, and many individuals may choose a BYD electric car as an environmentally and financially friendly option. This does not mean that this vehicle does not have drawbacks or problems though, and some question whether these vehicles are really ready for the market.
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