The notion that oil is becoming abundant all over again is contradicted by the levitating price, Cobb writes, and by the evidence that actual worldwide crude oil production is either flat or growing at an infinitesimal rate.
Ukraine declared an 'anti-terrorist operation' Tuesday against pro-Russian militia in eastern Ukraine's Donetsk region. Meanwhile in the West, Kiev courted its European neighbors for alternative fuel supplies that would boost its energy security.
The atmosphere in Ukraine is increasingly tense ahead of its May presidential elections, with pro-Russian militia groups continuing to occupy buildings in eastern Ukraine. The country's energy history and future will help shape Ukraine's presidential elections.
While much of the political focus has been on energy security in Eastern Europe, Graeber writes, the economic bread crumbs point to real investment security in Asia.
While containing global warming will require substantial investment in cleaner sources of energy, much can be accomplished through energy efficiency, a new United Nations report says. More efficient cars, buildings, and appliances will play a crucial role in curbing the effects of global warming, the report found.
California's Monterey Shale formation contains more shale oil than anywhere else in the country, but its geology and dry climate make it difficult to extract. Extremely dry conditions are also taking a toll on California's power plants.
Iran's oil production is on the rise despite Western efforts to curtail it. More Iran oil has gotten the attention of the Organization of Petroleum Exporting Countries, which is charting a course for the future amid new sources of oil.
A dramatic increase in US and Canadian oil production will push oil prices down, according to the International Monetary Fund. The growth in US shale oil and Canadian oil sands is already spilling over to the global marketplace.
Russian President Vladimir Putin warned western leaders Thursday of a potential shutoff of natural gas supplies unless Ukraine pays off the billions it owes for Russian gas. There are alternatives to Russian gas, but the cutoff Putin threatens is a worst-case scenario for Ukraine and broader Europe.
Russia's plans to build a natural gas pipeline that bypasses Ukraine to the south is in doubt as the standoff between Russia and Ukraine continues to escalate.
A rise in US oil production has helped keep gas prices lower, but perhaps not as low as US drivers expected.
Ukraine again missed a payment deadline late Monday on the natural gas it buys from Russia. Ukraine's debt to Russia over natural gas has led to supply cutoffs before, but there are other ways to resolve a long-standing dispute.