Gas prices were up in April on the Ukraine crisis and refinery maintenance, but that should change as Memorial Day approaches, according to AAA. Gasoline production is projected to outpace demand, which will put downward pressure on gas prices.
Climate change poses threats to the extraction, production, and distribution of energy across the US, according to a new climate-change report from the Obama administration. Much of the challenge for the energy industry revolves around its reliance on water for cooling and production needs.
Russia is in the midst of its longest streak of declines in oil and gas production in years, its economy is in shambles and its leverage on the international stage is in question. Its energy-dominated economy may not sustain Russia's ambitions in Eastern Europe for much longer, Graeber writes.
Ukraine violence escalated over the weekend and into Monday as pro-Russian militants clashed with Ukraine forces in the east and the Black Sea port city of Odessa. The threat of another natural gas shutoff intensified, too, with Russia and Ukraine failing to agree on terms for paying down Ukraine's gas debt.
Using an aggressive bet on the direction of natural gas prices, Energy Future Holdings (formerly TXU) went from big deal to bankrupt. But it still has the utility assets to emerge as a much more stable entity.
Western sanctions on Russia over Ukraine have so far avoided targeting Russia's state-owned natural gas company Gazprom. That's largely because Europe relies heavily on Russian natural gas imports and would suffer economically if sanctions are ratcheted up in the Ukraine crisis.
The Ukraine crisis has spurred new interest in Europe finding alternatives to Russian natural gas imports. Spain is not exactly an energy powerhouse, but it could serve as a conduit to the rest of Europe for supplies of non-Russian natural gas.
Gas prices are high in the US, but they could be even higher if it weren't for a boom in US oil production, according to AAA. US drivers are frustrated by the high gas prices, but they probably shouldn't expect a return to the days of cheap gas.
The Supreme Court upheld a federal regulation Tuesday that limits the amount of air pollution that can cross state lines, handing a victory to the Obama administration's efforts to limit air pollution. The Supreme Court ruling deals a blow to the US coal industry, but the biggest hit is yet to come.
New Western sanctions on Russia over Ukraine early this week did little to deter the world's leading energy firms from moving ahead with major oil and gas projects in Russia. That could change as Washington and Brussels mull broader sanctions on Russia's energy industry.