US oil and gas production have boomed, but the country still lacks a coherent energy strategy, according to an International Energy Agency review. The report credits the US for reducing greenhouse emissions, and encourages further investment in electricity infrastructure.
The last six months of plunging oil prices has given many developing countries a window of opportunity to scrap fuel subsidies. This move has attracted opposition from consumers but it could have significant benefits over the long-term.
Kenya is planning to build the largest wind project on the continent of Africa. If the project delivers as promised, it would allow the country to spend less in fuel costs each year and allow its population more access to electricity.
President Obama has made Alaska's Bristol Bay off limits to oil and gas drilling. Green groups applauded the move, but the oil and gas industry's response was muted. A sign of compromise? Sort of.
Plummeting oil prices and tightening sanctions are taking their toll on the Russian economy, combining to push the Russian ruble off a cliff. Moscow's move to prop up state-owned oil company Rosneft has only exacerbated the currency crisis in Russia.
The US, Canada, and Mexico look to bolster a North American energy boom that has redefined global fuel flows. But oil prices continue to plunge, threatening to curtail the expensive kinds of oil and gas that have prevailed across the continent.
Chevron's move to pull out of a $10 billion gas deal in Ukraine is only the latest in a series of investment setbacks resulting in much less certainty for Ukraine's energy security.
Declining oil prices are supposed to have a balanced ledger of winners and losers, Cobb writes. But we may be on our way to finding out that in the long run we will have a much larger list of losers than winners.
Oil prices continue to plummet, leading to all sorts of economic boosts for consumers. But the drop in oil prices has yet to benefit air passengers, who may or may not see lower airfare in the coming year.
Lima climate talks ended in a deal leaders hope will spur global action on climate change; Industrialized nations raised $10 billion to finance clean energy across the globe; Congress made its first major foray into debating the end to the US oil exports ban. Catch up on global energy with Recharge.
Consumers get lower heating bills and prices at the pump. Russia, Iran, and Venezuela face shrinking treasuries, while Saudi Arabia tries to still US drills.
Oil prices will stay at $64 per barrel for six or seven months unless OPEC changes its production policy or the global economy recovers, according to the chief executive of Kuwait's state-run oil company.