Estimates of shale gas resources in the North of England are double that of previous estimate, according to a new report. Britain’s shale industry is still very young, Burgess writes, and as it has not been determined whether any gas can be economically extracted, it may never actually grow to maturity.
Clean energy will be the second largest global source of electricity by 2016, according to a new report from the International Energy Agency. Only coal will generate more electricity than clean energy within three years, the IEA projects.
We’re not going to be able to transition to a non-fossil-fuel economy overnight, Fen Montaigne, senior editor of Yale Environment 360, said in an interview with OilPrice.com. But if you keep approving tar sands projects, or massive pipelines, or drilling in the Arctic, when does it stop?
Having paid off its federal loan, Tesla Motors could technically put it up for sale, according to a report in Bloomberg. The electric car company might seem a good fit for a deep-pocketed tech giant like Google, but Tesla chief executive Elon Musk has suggested he has no intention of selling the company.
Energy companies across the globe are forming special units to respond to acts of terrorism after recent attacks in Algeria. With the economy just as much a viable target as any, counter-terrorism may becoming more than just the military's game.
For the moment, Baghdad won't be able to stop the Kurdish oil and gas momentum growing in Northern Iraq, Alic writes. Once the pipeline is up and running, the game is over and Baghdad doesn’t have the resources to turn it into a conflict.
President Obama is expected to roll out a major climate policy that may include EU-style benchmarks for renewable energy and greenhouse gas emissions. Can Obama make progress on clean energy in his second term?
Proponents of fracking, the Keystone XL pipeline, and deep-offshore production all say that these are just other forms of 'oil' and 'clean-burning natural gas,' without explaining that these forms of 'extreme energy' have significantly worse impacts on the environment, Michael Klare, a professor of peace and world security studies at Hampshire College, says in an interview with OilPrice.com.
Squirrels have taken a shine to gnawing through home solar panel wires, according to various reports. The good news is there's a simple solution to prevent squirrels from feasting on your photovoltaic array.
BP is wrapping up cleanup operations of the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. The move comes with permission from the US Coast Guard, which says BP no longer needs to send out regular patrols to clean the tar from the coastline.
An energy and shipping company has developed an online video game to help attract young people to jobs in the oil and gas industry. Players locate and drill into deep oil reserves situated in extreme environments, which vary from the cold, dangerous North Sea, to the blazing heat of the Qatari dessert.
As solar prices have fallen, and oil prices have risen, Saudi Arabia now has a strong economic incentive to push ahead with its long awaited solar plans, Peixe writes. Saudi Arabia’s desire to install vast amounts of generation capacity makes them a potentially important market, and they will be able to take advantage of this with Chinese manufacturers.
General Motors is offering a $5,000 discount on its Chevy Volt electric car in an effort to jumpstart lagging sales. The Chevy Volt discount follows the strategy of the recent reduction in price of the Nissan Leaf.
Ongoing protests have forced the closure of two export terminals and an entire oil field in Libya, causing a drop in the country's oil production. Gains in production elsewhere may mean a long road ahead for oil in Libya.
Some energy companies are offering Amish farmers in eastern Ohio a pittance to drill on their land, according to an article in the New Republic. The problem is that once the farmers realise that they have signed away their land for a mere fraction of its real worth, Burgess writes, they are unable to sue in court because their religion does not permit lawsuits.
Pakistan is looking to Iran natural gas to help resolve its ongoing energy woes, Graeber writes. Tightened US sanctions on Iran's energy sector doesn't seem to deter Pakistan's pursuit for a natural gas pipeline to Iran.
Nations across the world continue to grapple with how to address climate change, and there have been some tough lessons learned since the Kyoto Protocol, first adopted in 1997. David Shorr, a program officer at the Stanley Foundation, talks about the future of climate treaties in an interview with OilPrice.com.
Gas prices in Indiana skyrocketed well above the national average this week. The sudden, localized surge of gas prices was the result of a "perfect storm of refinery outages."
Natural gas consumers in Asia are pushing to break the longstanding linkage between the price of oil and and the price of natural gas. Japan is pushing for a futures market for liquefied natural gas, Schaefer writes, and the potential Canadian supply could be the first to get priced this way.
Current energy trends could threaten the Western way of life by 2040 when oil prices could reach as high as $500 a barrel, according to a recent report from the United Kingdom's Ministry of Defence. The continued rise of China and South Asian economies will increase the cost and reduce the availability of energy supplies.