Wednesday, August 31, 2011

2012 Ford Explorer EcoBoost isn?t electric, but is it green? (Yahoo! News)

Does a smaller, turbocharged engine make a gas-burning SUV nature friendly?

Electric vehicles are all the rage these days, and everyone from?Toyota to?Cadillac and?BMW are in on the action. American automaker Ford already has a couple of hybrid vehicles on the market, and is poised to release the all-electric Ford Focus variant later this year, but the company is also doing its part to make its gas engines a bit more nature friendly. Enter the 2012 Ford Explorer EcoBoost, a 4-door SUV with a plethora of cargo room and a sensitivity to gas prices.

The idea behind the EcoBoost line of vehicles is that by replacing the traditionally large-displacement engines with smaller, turbocharged versions, performance can remain the same while the motor uses less gasoline. In practice, the EcoBoost Explorer makes good use of the technology and its boosted V6 gets 20mpg in the city and 28mpg on the highway ? roughly 3 mpg more than its V8 counterpart. Along with gas consumption, performance takes a small dip as well, and fuel chugging V8 boasts roughly 50 additional horsepower.

The car gurus at Autoblog recently?went hands-on with the all-new Explorer and report that while the increase in fuel economy is welcome, the lack of certain features and a $995 premium for the EcoBoost package are a turnoff. Potential buyers in snowy climates will be disappointed to learn that all-wheel drive isn't an option for the fuel-sipping 6-cylinder, and towing capacity also takes a hit.

In the end, the EcoBoost technology makes the Explorer line a slightly less severe crime against?nature, but it may not be green enough to benefit from its moniker. Electric vehicles are undoubtedly the future, and asking consumers to pay extra for a smaller gasoline engine because it carries a green-sounding name might not benefit buyers, or Mother Nature.

(Source)

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Source: http://us.rd.yahoo.com/dailynews/rss/techblog/*http%3A//news.yahoo.com/s/yblog_technews/20110831/tc_yblog_technews/2012-ford-explorer-ecoboost-isnt-electric-but-is-it-green

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Source: http://www.antiaging123.info/health-and-fitness-through-weight-loss/

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Tuesday, August 30, 2011

Rosneft teams up with ExxonMobil in Arctic deal (AP)

MOSCOW ? Russia's state-owned Rosneft teamed up with U.S. company ExxonMobil on Tuesday in a multibillion deal to develop offshore oil fields in the Russian Arctic ? one of the last regions with immense and untapped hydrocarbon deposits ? in return for access to resources in the Gulf of Mexico.

Because Rosneft does not have its own technology for deep sea drilling, it was looking for partners to develop the offshore projects in the Arctic and other regions of Russia. A deal it was pursuing with Britain's BP earlier this year fell through, leaving the path open for ExxonMobil.

The oil giant already has experience drilling in the Arctic regions of Canada.

Rosneft spokesman Rustam Kazharov told The Associated Press that the "strategic partnership" with Exxon was signed in the presence of Prime Minister Vladimir Putin. He was unable to name the plots that Rosneft will work on in the Gulf of Mexico and Texas.

ExxonMobil said in a statement that Tuesday's agreement includes $3.2 billion to be spent on exploring three giant undeveloped oil and gas fields in the Kara Sea ? between the northeastern corner of continental Russia and the Arctic archipelago of Novaya Zemlya ? in the Arctic as well as a sector in the Black Sea.

The Kara Sea sectors cover some 126,000 square kilometers (50,000 square miles) between 50 to 200 meters (yards) deep and contain some 35,8 billion barrels of oil, Rosneft said. The Black Sea sector covers 11,200 square kilometers (4,300 square miles) between 1,000 and 2,000 meters (yards) deep, it said.

Russia's top energy official said Rosneft, which is 75 percent owned by the Kremlin, will get shares in at least six ExxonMobil projects in the United States.

The shares "will be in proportion to the ones Exxon will get by working in the Russian projects," Deputy Prime Minister Igor Sechin told the Interfax news agency. "I'd like to emphasize the exclusiveness of these decisions for Russian companies ... that until today were not able to develop existing deposits in the U.S."

Sechin also said that ExxonMobil could get a share in other projects in the Black Sea. "If the Tuapse (field) yields results, Exxon will become a natural partner for our additional capabilities in the Black Sea," he was quoted by Interfax as saying.

Rex Tillerson, ExxonMobil's chief executive, attended the ceremony and said in the statement that the deal "takes our relationship to a new level and will create substantial value for both companies."

ExxonMobil and Rosneft first struck a deal in January to develop a sector in the Russian part of the Black Sea.

Putin lauded Exxon for its extensive experience in drilling in the Arctic region in Canada.

Tuesday's signing ceremony was preceded by talks between Rosneft executives and ExxonMobil top brass, including President Neil Duffin.

Putin hailed the deal as "a truly strategic partnership", the RIA Novosti news agency reported. The prime minister estimated the total investment in the project at a massive $500 billion, a figure he described as "scary," over an unspecified number of years.

The deal is a blow for Britain's BP, with which Rosneft struck an accord in January to jointly develop the Arctic fields. That agreement fell through, however, after BP's Russian shareholders managed to block it.

"The Exxon deal is offering us much more" than BP, Kazharov told the AP.

BP's spokeswoman Sheila Williams would not comment on the deal but said BP is still "committed both to Russia and to the continuing success of TNK-BP," its Russian venture.

Tuesday's agreement is the largest Russian oil deal in recent years.

Royal Dutch Shell had invested some $20 billion in the Sakhalin 2 offshore project in Russia's Far East before it was forced out of the project in 2006.

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In a similarly landmark agreement, Rosneft and pipeline operator Transneft signed a cash-for-oil swap in 2009, where the Russians secured a $25 billion loan from a Chinese bank in exchange for oil supplies to China.

____

Mansur Mirovalev from Moscow and Meera Selva from London contributed to this report

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/ap/20110830/ap_on_bi_ge/eu_russia_exxonmobil

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