Governments should encourage domestic drilling to meet our energy needs in the short-term, Rapier writes, while using the royalties and tax revenues to fund programs that reduce dependence on oil.
Oil and gas wages and benefits saw an overall increase in 2012, according to a recent study. Base salaries across the entire oil and gas industry rose by 8.5 percent in 2012, Alic writes.
Globalization uses up finite resources like oil and coal more quickly, Tverberg writes. It also increases carbon dioxide emissions and acts to increase world oil prices, she adds.
Wages don’t rise at the same time as oil prices rise, Tverberg writes. The result is a mismatch between what citizens can afford, and the cost to manufacture and transport products.
The Keystone XL pipeline gains new endorsements as environmental opposition grows. Putting ecological implications aside for a moment, is the Keystone XL pipeline, and the tar sands production that goes with it, a good financial investment?
Two former BP executives testified Wednesday about the effect of cost-cutting measures on BP's drilling operations before the 2010 oil well blowout in the Gulf of Mexico. It marks the third day of the Gulf oil spill trial designed to figure out how much BP and other companies are to blame for the spill.
If we want to “grow” oil and gas production at all, businesses will need to keep investing increasing amounts of money (and energy) into oil and gas extraction, Tverberg writes. For this to happen, prices paid by consumers for oil and gas will need to continue to rise.
More than half of US households will spend an average 20 percent of their family budget on energy, nearly double what they spent 13 years ago, Gates writes. In North Carolina, the 2.1 million households earning less than $50,000 annually spend 23 percent of their income on energy.
Executives from oil giant BP recently descended on Tanzania with a request to pursue natural gas investments and try their luck in a venue that has become one of the biggest gems in the region, Alic writes.
Marissa Mayer has raised eyebrows in Silicon Valley by issuing a ban on working from home at Yahoo! It's not the only digital company discouraging telecommuting, despite its energy savings.
The Keystone XL pipeline could fall by the wayside given the increased interest in the transportation of crude oil via rail, Graeber writes. With more crude travelling on trains, will rail overtake Keystone XL and other pipelines as the preferred method of oil transport?
Spending cuts will hit a wide range of energy programs starting Friday, unless a deal is reached to avert the sequester. What do the spending cuts mean for fossil fuels and renewables?
The debate over US natural gas exports is a classic case of those in an extractive industry seeking top dollar for their minerals, Cobb writes, and those who buy the minerals to make other things seeking to keep a lid on the price of their inputs.
The Deepwater Horizon oil spill trial got underway Monday. Oil giant BP could face anywhere between $5 billion and $18 billion in fines for its role in the 2010 Deepwater Horizon oil spill.
The Hanford Nuclear Reservation, one of two Manhattan Project nuclear plants, is leaking highly toxic sludge, Daly writes. How much will it cost taxpayers?
Shale gas and tight oil are giving the US its biggest, most rapid boost in energy production in history. But it will probably prove fleeting.
Higher electricity rates under new EPA regulations would have negative impact on Arizona's ability to attract and create new jobs, experts tell a group of state lawmakers.