Changing energy portfolios are factoring into oil supply and demand equations in the future. The potential for Iran to return to oil markets could particularly shake up OPEC and the global outlook.
During a recent trip, Joe Biden announced that the US would offer Chinese officials technical assistance in drafting new emissions guidelines.The partnership also allows China and the US. to work together on reducing the use of hydrofluorocarbons and scaling back subsidies for fossil fuels.
Large companies may be willing to pay for their emissions. Major companies including Walmart, American Electric Power and the five major oil companies have all incorporated carbon emission costs into their financial plans, according to a report by environmental data company CDP.
President Obama has ordered federal agencies to rely on clean energy for 20 percent of its energy use by 2020, nearly triple its current level of renewable consumption. Mr. Obama's directive is no small order: The federal government is the country's largest energy consumer and spends billions on fuel each year.
Cattle generate twice as much methane as the EPA supposed, according to a new report. The study's findings may also change assumptions about the safety of extracting natural gas, which consists primarily of methane.
For the first time in two decade, the U.S. is now producing more oil than it imports. This means pricing stability and greater economic growth but some skeptics argue that the increase in U.S. oil production is a sign that we're using too much oil in the first place.