Topic: Energy Sector

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6 factors that will determine concessions from Iran

Can war with Iran can be avoided? In recent talks with the West in Baghdad, Iran showed some greater flexibility about its nuclear program. But Iran has a history of trickery in the nuclear arena. Whether Tehran will cooperates with Western demands depends on the following six factors.
Where gas prices are highest

Gasoline is a very visible price, and closely watched by many drivers. Petroleum prices impact many products, from food to industrial production. While the cost of crude is the major factor in gasoline price volatility, some countries levy taxes on fossil fuels. Here are ten countries where high gas prices are the norm, according to British insurance firm Staveley Head.
Briefing
Five reasons to care about the Sudan - South Sudan conflict

Fighting between South Sudan and its rival, Sudan, could restart a 20-year civil war that claimed the lives of millions. It could also affect the price Americans pay for car fuel, China’s ability to keep its economy growing, and the stability of the region. Here’s a few reasons to pay attention to the fighting in Sudan.
Earth Day: Five ways we affect the planet

The late Sen. Gaylord Nelson (D) of Wisconsin organized the first Earth Day in 1970 after the devastating oil spill off the coast of Santa Barbara, Calif. The event started as an environmental teach-in, with some 20 million Americans taking part on college campuses across the United States. Today, 500 million people in 175 countries observe Earth Day on April 22 as a way to celebrate the natural world and raise awareness of the environment. How much do humans affect the earth? Click below to find out.
Tax day: 8 top tax breaks for parents on tax deadline

As tax deadline looms, parents are looking for as many tax breaks as possible.

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Consumer Energy Report
Oil subsidies: Surprise! Liberals are fans, too.

When asked if the federal government should eliminate subsidies for oil companies, most would respond with a resounding 'yes.' But such a policy would have unwelcome unintended consequences, and not just for billionaire oil tycoons.
Repsol 'almost certain' to end offshore oil drilling in Cuba

Spanish oil company Repsol announced its potential withdrawal from exploration in Cuba, after spending close to $150 million on a dry well. What does this mean for Cuba?
Oil prices rise on optimism about Greece

Oil prices near $92 a barrel after weekend opinion polls show Greece's austerity parties could form a coalition. In London, oil prices move up nearly $1 a barrel.
Consumer Energy Report
Energy development in the Arctic: the good and the bad

As Shell makes preparations to send offshore drilling rigs into the Beaufort and Chukchi Seas north of Alaska, it's important to walk through the history of energy exploration in the Arctic.
Keep Calm
Sudan and South Sudan to resume negotiations

After weeks of fighting, in which South Sudan took out one of Sudan's last remaining oil fields, the two countries are returning to the negotiation table, under African Union mediation. 
6 factors that will determine concessions from Iran

Can war with Iran can be avoided? In recent talks with the West in Baghdad, Iran showed some greater flexibility about its nuclear program. But Iran has a history of trickery in the nuclear arena. Whether Tehran will cooperates with Western demands depends on the following six factors.
Where gas prices are highest

Gasoline is a very visible price, and closely watched by many drivers. Petroleum prices impact many products, from food to industrial production. While the cost of crude is the major factor in gasoline price volatility, some countries levy taxes on fossil fuels. Here are ten countries where high gas prices are the norm, according to British insurance firm Staveley Head.
Readers Write: Natural gas won't save America

Letters to the Editor for the weekly print issue of May 21, 2012: Natural gas is a stopgap at best. What are the long-term risks of fracking? The real issue is the huge quantity of water used and chemically contaminated in the fracking process.
Oil prices will rise, Iran says, if embargo comes

Oil prices will go up if European Union goes through with a total embargo on Iranian crude in July, Iran's economy minister says. IMF has warned oil prices could rise as much as 30 percent if Iran halts exports.
US imposes tariff on Chinese solar panels, a victory for US manufacturers

US manufacturers had sought the ruling by the Commerce Department that Chinese firms were dumping solar panels, but the dispute is likely to aggravate US-China relations.
Stocks fall amid discouraging economic reports

The Dow fell 156 points to close at 12442 – the index's 11th loss in 12 days – after a pair of discouraging economic reports unnerved investors already worried about a possible exit from the euro by Greece.
Cybersecurity: How US utilities passed up chance to protect their networks

Cybersecurity needs are not hypothetical, as the recent DHS warning of a cyberattack on the US natural gas industry shows. Why then was a post-9/11 initiative to secure US utilities dropped?
Chesapeake Energy: Carl Icahn as investor? Sure!

Chesapeake Energy CEO says he would welcome the activist investor who often calls for change in management. Shares of Chesapeake Energy have plunged nearly 40 percent in less than two months.
Brazil, Venezuela, and Mexico: three ways to nationalize oil

Argentina's renationalization of its biggest oil company, YPF, recently caused an outcry. But the cases of oil nationalization in Brazil, Mexico, and Venezuela show that outcomes can vary widely.
Focus
Argentina's renationalization of YPF: A push to manage oil on its own terms

Many have criticized Argentina's move to renationalize its oil as a populist bid likely to isolate it from the global economy. But the takeover is in line with changing power dynamics in the region.
Oil prices fall below $96 a barrel

Oil prices in Asia fall on concerns about slowing economic growth. Oil prices have fallen about 10 percent since last week.
Exclusive: Cyberattacks on US natural-gas pipeline companies, evidence points to China

Those analyzing the cyberspies who are trying to infiltrate natural-gas pipeline companies have found similarities with an attack on a cybersecurity firm a year ago. At least one US government official has blamed China for that earlier attack.
Kenya joins the great African oil boom with latest discoveries

Kenya's oil finds may be larger than those found recently in Uganda. But what will oil revenues do to the Kenyan economy, and the political culture?
Gas prices are falling: why that might not really help Obama

Gas prices have dropped steadily in recent weeks, and the issue is barely registering with voters. While that eases some pressures on Obama, it doesn't necessarily translate into more votes.
Keep Calm
Fighting continues between Sudan and South Sudan, as economies collapse

At this time last year, South Sudan was preparing to become Africa's newest nation. Now the dispute between South Sudan and Sudan may turn both into the latest failed states.
Planetary wrecking balls: how Jupiter might have destroyed Earth

'Hot Jupiters' are Jupiter-mass planets orbiting close to stars. A study suggests that they might have been kicked inward from their original orbit, destroying or ejecting other planets.
Europe looks for The Avengers

The results of the French and Greek elections signal a popular mood that alien forces – markets, immigrants, trade – need to be defeated. But the reality isn't like The Avengers film.
Hillary Clinton to drill India on Iranian oil

US Secretary of State Hillary Clinton is on a three-day visit to India. At the top of the agenda is the country's imports of Iranian oil despite US sanctions.
Alert: Major cyber attack aimed at natural gas pipeline companies

A major cyber attack is currently under way aimed squarely at computer networks belonging to US natural gas pipeline companies, according to alerts issued by the US Department of Homeland Security.
Iraq's unity tested by rising tensions over oil-rich Kurdish region

As Iraqi Kurdistan ramps up oil production that could soon surpass Libya's output, Kurdish leaders have warned they may seek independence if disputes over oil revenues, power-sharing aren't resolved.