Fall almost always brings relief at the gasoline pump. Pundits frequently notice this phenomenon during election years, and assume that vested interests are trying to manipulate prices to win elections, Rapier writes. But there is a more straightforward explanation to what’s going on.
China has topped the US as the biggest importer of oil in the world, according to government data released this week. It's more evidence of China's economic growth and America's shale drilling boom and increased efficiency, which has reduced its reliance on foreign oil.
As German utilites reduce the amount they pay for solar-produced electricity, solar companies are looking at installing an additional meter that measure how much of the electricity homeowners consume themselves. If utilities go along, 'self consumption' rates could drive more energy efficiency moves by consumers.
The American Petroleum Institute, an oil industry group, has filed a federal lawsuit challenging the government’s estimate over how much ethanol must be blended into the US fuel supply this year.
On-site inspectors will remain on the job at nation's 100 commercial reactors, despite the Nuclear Regulatory Commission implementing its government shutdown plan. The agency had been able to skirt the government shutdown by using carryover funds, but now those funds have run dry.
Petronas, Malaysia's state-owned energy giant, announced Sunday it will invest $35 billion in the Canadian liquefied natural gas industry. British Columbia's government hopes to use the revenue generated by projects like this to pay down the province’s debt and to establish a prosperity fund to bank energy-related revenue.
A shrinking trade deficit is one benefit of the domestic hydraulic fracturing and horizontal drilling revolution that has stirred passions on all sides of the debate over America's energy future.
With much of the Middle East and North Africa in a static state of upheaval, Iran could be the unlikely winner of the post-Arab Spring energy prize, Graeber writes.
Energy efficiency – revolutionized by cyber networks – may carry the same impact as a new oil boom. Electricity users are seeing power in their 'negawattage' as they cut their bills by 90 percent.
With the US unable to commit, Canada is looking to China and India to sell it's vast oil and gas resources.
Tropical storm Karen threatens to disrupt offshore US oil and gas operations during what has otherwise been a calm hurricane season. But any impact from tropical storm Karen will likely be muted by less offshore production in the Gulf of Mexico, low demand, and the government shutdown.
North American oil markets are pulling away from foreign market because of increased domestic production. Still, OPEC producers should still hold a key stake in a changing oil game, according to the International Energy Agency.
The Department of Energy and the Federal Energy Regulatory Commission continued to operate normally Thursday, according to officials. But if a shutdown lingers, the departments responsible for ensuring the security and reliability of the nation's electric grid will be forced to cut back.