Many gasoline stations in areas hardest hit by hurricane Sandy remain closed, forcing motorists into long lines for precious fuel. Will pipeline, terminals, and other distribution facilities reopen before gas prices spike?
Compared to Hurricane Katrina, Hurricane Sandy’s impact on oil and gas markets will be much more localized and temporary, Rapier writes.
Can America's vast shale oil and gas reserves – combined with fracking and drilling technlogies – drive the U.S. to complete energy independence? It looks doubtful, according to OilPrice.com and a report from Credit Suisse.
In a speech at Johns Hopkins University, Canada’s ambassador to the United States bet on the US approval of the Keystone XL pipeline, according to Consumer Energy Report. If approved, the Keystone XL pipeline would pump oil from Alberta’s oil sands to Gulf Coast refineries in Texas.
In an interview, energy economist James Hamilton reveals how demand for oil keeps outstripping production, even with new shale oil supply coming from the United States.