The oil is currently sitting at just under 42 dollars per barrel. The prices fell overnight after US economic data released indicated a decrease in demand. But despite a slump in the price of crude oil during the second half of last year, Royal Dutch Shell still managed to post a record 31 billion dollars profit for 2008.
The UK government is committed to generating 20 percent of the nation's energy from renewable sources by 2020. It is perhaps welcoming news to hear that the latest assessments indicate there is enough potential wind wave and tidal energy to supply every English household with electricity. Currently there is a location study scope for between five to seven thousand offshore wind turbines. There are five short listed projects to supply energy for at least five percent of the English household's electricity.
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