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.
It's not just dependency on Russian natural gas that poses problems for Ukraine, it's also Russia's virtual monopoly on the fuel for Ukraine's nuclear reactors.
The island night lizard was delisted as an endangered species in the US this week, after three decades of restoration efforts. Its recovery highlights an increased success rate in reestablishing endangered species.
Major oil and gas companies have an opportunity to lead the global fight against climate change, according to Christiana Figueres, the United Nations' climate change chief. Traditional energy firms say they are already cutting emissions, but Ms. Figueres offered both environmental and economic reasons for doing more.
Ukraine's energy sector is ripe for investment, Bensh writes, as it is on the verge of a transformation that will open up new opportunities in oil and gas.
Secretary of State John Kerry reaffirmed support Wednesday for a more diverse European energy supply as a response to Russia over the Ukraine crisis. Some have called for the US to wield its own 'energy weapon,' but the Obama administration has focused more on European solutions.
Russia is raising the price it charges Ukraine for its natural gas, and the interim Ukrainian government is upping the price of its own subsidized, domestic gas. Higher energy costs will hit Ukraine's economy hard during a delicate transition, but it could prove valuable further down the road.