Iran nuclear deal faces stiff opposition in Congress The deal to curb the Iran nuclear program will far reaching effects, not the least of which is allowing the Middle East nation to export an additional million barrels a day of oil at a time when global markets are oversupplied. After 18 days of intense and often fractious […]
Iran nuclear deal: Oil slips $1 on news of historic agreement Read More »
Will driverless cars evolve from existing safety features or burst onto the scene as an tech innovation? Competitors are hard at work developing driverless cars. The only question appears to be, who will bring them to market first, tech companies like Google or automakers like Mercedes Benz? Traditional automakers like Mercedes and Toyota already make vehicles
Driverless cars: Competition is between Google, automakers Read More »
Low gas prices expected to spur 2.2% bump in driving American motorists will be enjoying the lowest gas prices in years, which in turn is expected to spur a hefty increase in travel this summer, according to the US Energy Information Administration. The average retail price for motor gasoline this summer (April through September) is
Summer gas prices down to $2.67 as America heads off on vacation Read More »
Canadian oil sands account for 0.14% of global GHG emissions The Canadian oil sands will continue to grow in coming years, despite lower crude oil prices and other “headwinds,” says a new report from consultancy IHS Inc. Oil sands growth will to a large extent be based on a simple fact that is unlikely to
Canadian oil sands: US demand will sustain future growth – IHS Read More »
Enbridge Sandpiper, Line 3 replacement projects protested CALGARY – Native and environmental groups are fighting a pair of proposed Enbridge pipelines that would cross lake-dotted country in northern Minnesota. The Sandpiper and Line 3 Replacement projects would take the same route through much of the state, carrying North Dakota light oil and oilsands crude, respectively, to Superior, Wisc. Opponents
Minnesota pipeline battle pits Enbridge against native, environmental groups Read More »
OPEC expects global economic growth to hit 3.5%, Russia and Brazil to move out of recession OPEC is forecasting a more balanced market for crude oil in 2016 as the global economy picks up steam and supply from North American shale grows more slowly, according to the organization’s monthly report, released Monday. Non-OPEC oil supply is
OPEC forecasts slow down in NA shale output, 2016 ‘balanced market’ Read More »
NEW YORK – A partnership run by Marathon Petroleum will spend $14.69 billion to buy MarkWest Energy Partners, a company that splits natural gas into other fuels. The combined company will have a market capitalization of $21 billion and tie up Marathon’s huge pipeline network with the refiner. The cash-and-stock deal values MarkWest units at $78.64 each.
Marathon Petroleum: Partnership to buy MarkWest for $14.69B Read More »
Biggest US electricity source natural gas due to low costs, high coal regulations Natural gas overtook coal as the top source of U.S. electric power generation for the first time ever earlier this spring, a milestone that has been in the making for years as the price of gas slides and new regulations make coal more
US electricity source: Natural gas overtakes coal Read More »
California gas prices rose as high as $4.30 While gas prices nationwide are on a downward trend, California gas prices in some parts of Los Angeles have topped $4 a gallon, but analysts say relief may be on the way. A shortage in oil and other components used in refining California’s unique blend of less-polluting gas
California gas prices spike above $4 in some markets due to oil shortage Read More »
Barnett Shale methane emissions studies find a few super-emitting facilities to blame A dispute between the oil and gas industry and eco-activists over fugitive methane emissions in the Barnett Shale nicely illustrates my argument of three months ago why the energy sector should voluntarily address environmental issues. Earlier this week, Environmental Science & Technology published a series of 11 papers on methane emissions in
Barnett Shale emissions bun fight has easy (and cheap) solution Read More »
