Many states want electric car manufacturer Tesla Motors to build a 'gigafactory' in their states. But in more conservative Texas, Governor Rick Perry is working hard to market itself toward Tesla Motors, writes Jesse Morris.
Royal Dutch Shell says it stopped its shale projects in Ukraine because of air strikes, but there may be more economic reasons. The oil supermajor was disappointed with the economic viability of what it once thought was a large shale deposit, Alexeev writes, and was looking for a way out.
Oil prices stayed near a nine-month high Friday on concerns that the Iraq crisis would spread and disrupt the country's oil production. US oil prices rose 2 cents to $106.07 per barrel while Brent crude oil slipped 12 cents to $114.94.
Sunni jihadists battled with Iraqi government forces for control of the country's largest refinery. Loss of the Baiji refinery wouldn't directly impact global oil markets, but it would exacerbate the Iraq crisis and further destabilize a fragile regional situation.
North Dakota oil production levels hit a new high in April, according to the most recent state data. North Dakota oil now makes up more than 12 percent of all US oil production – an unfathomable scenario just a decade ago.
The Iraq crisis threatens to disrupt the country's oil output, a scenario for which the world has to prepare, says US President Barack Obama. Saudi Arabia is starting to feel pressure to help with the global oil supply if Iraq's oil can't be accessed.
As Iraq continues to deal with the militant Sunni group ISIS, Kurdistan's leaders are using the situation for leverage against Iraq's government. Kurdistan's oil prospects, however, remain in question.
Crude oil prices continued their rise Friday as investors feared a spreading insurgency in Iraq would disrupt production. The violence in Iraq is centered away from major oil-producing regions, but it is still putting upward pressure on crude oil prices.
Putting a price on carbon doesn't work because no one wants to pay the real cost of using fossil fuels. But funding R&D and demonstration projects that lower clean-energy costs will create real economic incentives to fight climate change.