by Stacy Feldman -
Jul 6th, 2008 
There is bad news and good news for the Marshall Islands, which have been thrown into a state of economic emergency from sharp increases in barrel prices.
The bad news is that there's only enough diesel to power the island until the end of August. Worse: Its national power utilities are dead broke, facing a $20 million shortfall -- 20 percent of the national budget.
The good news is that President Litokwa Tomeing has declared a state of emergency that could supercharge the adoption of short- and long-term clean energy and efficiency measures.
The full declaration is here. Some key parts:
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