Can America's vast shale oil and gas reserves – combined with fracking and drilling technlogies – drive the U.S. to complete energy independence? It looks doubtful, according to OilPrice.com and a report from Credit Suisse.
Analysts predict First Solar will win the rights to supply NextEra Energy Inc. with solar arrays for what will be the world’s largest solar farm, according to Consumer Energy Report.
The Naval Research Laboratory has designed a system which harvests carbon dioxide and hydrogen, the raw ingredients of jet fuel, from seawater, according to OilPrice.com.
Reports from the Energy Department released this week show that overall crude output in the US rose 3.7 percent to 6.5 million barrels per day by the week of September 21, according to Consumer Energy Report.
Total petroleum deliveries for August 2012 were at their lowest level for the month in 15 years and domestic oil production followed similar trends, according to OilPrice.com.
The major issue for many countries is that oil is becoming too expensive for the economy to afford, Tverberg writes.
Exxon Mobil and Rosneft are planning to drill for oil in the Kara Sea, which the Soviet Union used as a dumping ground for radioactive material for more than 25 years, according to OilPrice.com.
While regulation limits coal power in the US, Hunt writes that the energy source is on the rise in Europe.
Each year a dwindling global pool of exports has been generating ever greater competition among importing nations and has become a largely unheralded force behind record high oil prices, Cobb writes.