Analyzing the short-term trajectory of oil prices is certainly important, Cunningham writes, but it obscures the fact that over the long-term, oil exploration companies may struggle to bring new sources of supply online.
Monday's derailment in West Virginia is the latest in a string of crude oil train mishaps that have resulted in explosions and sometimes fatalities. US shipments of crude by rail have jumped more than 4,000 percent since 2008, fueling calls for tighter safety rules.
Oil supermajor BP says global carbon emissions will continue to rise well above what most scientists regard as safe levels in the years to come. While there's no silver-bullet solution to the threat of climate change, the company endorses one specific policy as a way to guide efforts.
The spiral of violence in Libya shows no indication of letting up, suggesting things could get much worse before they get better. That lowers the chances that Libya will be able to turn its oil fortunes around.
As a debate intensifies over the future of the US oil exports ban, industry and environmentalists alike say even current policy is far from clear.
The House passed a Senate-authored Keystone XL pipeline bill Wednesday, sending it to the president's desk. Obama has promised to veto the bill to approve the Keystone pipeline.
Japanese engineers have designed a snake-like robot to help inspect the damaged Fukushima Daiichi nuclear plant. The robot will help gather information in preparation of removing the building's radioactive rubble.
The divergence between official energy statistical agencies, and the advent of well-funded independent original research, suggest that the days of looking solely to two governmental energy entities for energy information are over, Cobb writes.
Oil prices bounce up and down in search of a floor; LNG sees investments slow; 'Clean coal' suffers a setback. Catch up on global energy with Recharge.
The latest oil market report from the Organization of the Petroleum Exporting Countries paints a not-so-rosy picture for US drillers under pressure from lower oil prices. But even OPEC admits that US oil production has remained surprisingly stable despite collapsed oil prices and cutbacks in US energy.
With about one-third of European gas coming from Russia – and Eastern Europe’s share is easily double that percentage – the Continent is looking inward to boost its energy security.
After falling for 123 days, gas prices are on the rise again. What does the future of gas prices likely look like?
Collaboration – not competition – is key to a clean energy future in the US, China, and beyond, writes Alex Trembath of The Breakthrough Institute.
The most important thing you need to understand about the coming oil production cutbacks is where they are going to come from, namely Canada and the United States.