US funding for energy research development and demonstration is detrimentally modest, according to a new report. Here's how the US spends the roughly $5 billion it allocates to energy research each year.
There's a chance that the recent rebound in oil prices is only temporary. Several trends are conspiring to force oil prices down for a second time.
Some OPEC members, concerned about the economic impact of low oil prices, say the cartel may have to call an emergency meeting sooner rather than later. But Saudi Arabia, the most influential member, is likely to veto such an idea.
An oil refinery strike continues to spread across California, Texas, and elsewhere across the US. It is now the largest US oil refinery strike in nearly 35 years.
Due to a combination of union strikes, an oil refinery explosion and the winter season, gas prices are rising again.
Probably neither. The most likely scenario is that US crude oil prices will bounce around current levels for a while before gradually recovering to the $60-$70 per barrel level, Tillier writes.
Opposition to hydraulic fracturing has been very strong in Germany, but the government is flirting with the idea of allowing oil and gas drillers to begin fracking as an answer to energy security issues.