True energy independence is more than a supply-demand equation. For starters, energy independence should mean freedom from gasoline price spikes caused by unstable foreign nations.
Hurricane Ivan swept away an oil production platform in the Gulf of Mexico in 2004. Nine years later, it's still leaking oil, although the company behind the project says it has reduced the leak to a trickle.
Oil prices spiked above $102 a barrel Wednesday as protesters poured into the streets of Cairo and the Egyptian military ousted President Mohammed Morsi. Egypt is critical to regional oil transportation and has investors worried that protests could spread elsewhere in the region.
Fourth of July celebrations just got a bit more festive with a recent drop in gas prices. If it lasts much beyond the Fourth of July will depend on turmoil in Egypt and across the Middle East, the economy, and especially hurricane season.
President Obama unveiled this week a $7 billion plan to improve energy access in Africa over the next five years. The "Africa Power" initiative was announced during President Obama's three country tour of Senegal, South Africa, and Tanzania.
Tanzania: Obama showed off his soccer skills with a so-called Soccket soccer ball that creates and stores kinetic energy during play. The Tanzania demonstration underscores President Obama's plan to invest $7 billion in energy access programs in Tanzania and across Africa.
GM and Honda said Tuesday they would collaborate to develop new alternative fuel vehicles based on hydrogen storage and fuel cell technologies. GM and Honda already have more than 1,200 fuel cell patents between them, and both companies have experimental vehicle fleets. Ford, Daimler and Renault-Nissan have announced similar plans.
Offshore oil and gas drilling is moving further offshore and deeper underwater as energy companies seek to find sources of production in low-risk areas, Gagliardi writes. The added incentive is that more remote basins may hold the promise of significant deposits of hydrocarbons with 200 million barrels or more of recoverable reserves.
President Obama's plan to address climate change will at most have a slight impact, Cobb writes, but it is nonetheless a brave and even historic move towards slowing the effects of climate change.
A heat wave scorching its way through the West is the first major test of summer's spiking energy demand, but it seems to be passing the test. Better technology and communications may be to thank for that. But utilities are still on high alert, particularly in California where two nuclear plants have gone offline.
The increased role for natural gas consumption is obvious, Warren writes. Smart government policies can play a positive role so society benefits from this once-in-a-century boon.
It’s obvious that any attempt to ridicule UK estimates of shale gas resources as inconsequential is absurd, Grealy writes.
No matter how you look at it, cutting energy innovation doesn’t make sense, Stepp writes. If the House Energy and Water appropriators are interested in ensuring national security and economic growth, then their proposed energy budget would look the opposite it does today
Estimates of shale gas resources in the North of England are double that of previous estimate, according to a new report. Britain’s shale industry is still very young, Burgess writes, and as it has not been determined whether any gas can be economically extracted, it may never actually grow to maturity.