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The oil and gas industry in the U.S. and its environmental critics are each finding reasons to hype a new Environmental Protection Agency study on the impact of hydraulic fracturing on drinking water. But as is often the case in controversies, the truth lies somewhere in the middle, as the EPA suggests. (Read more)
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OPEC ministers will meet in Vienna this week for the second time since oil prices began to plummet last June, with little to do but stay the course on production from the cartel’s members. (Read More)
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David Crane likes to compete with himself. For Crane, the CEO of NRG Energy (NRG), the biggest independent producer of electricity in the U.S., conventional coal, natural gas and nuclear plants provide the bulk of his company’s $3.8 billion in revenue. But Crane foresees a day not so far off when new technologies like rooftop solar and batteries will turn the electric power industry upside down, and NRG is moving in that direction. (Read More)
Continue readingThe U.S. is producing record amounts of natural gas, a fuel widely viewed as cleaner and preferable to coal for electric power generation. But building the infrastructure necessary to bring that fuel to market is increasingly difficult for the industry. (Read More)
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Oil prices have rallied lately, but not enough to persuade producers that a nearly year-old slump will end any time soon. Take Doug Suttles, the president and CEO of Alberta, Canada-based Encana Corp., who was in the midst of transforming his company from primarily natural gas production to oil production when oil prices began to plunge last June. (Read More)
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The U.S. economy may not be benefiting as much as anticipated from the collapse in oil prices over the past 10 months. In fact, for oil-producing states, the decline of some 50% is taking a toll. But one thing seems clear: The nation as a whole is nowhere near as susceptible to sharp swings in oil prices — one way or the other — as it was for decades. That was the message from Jason Furman, the chairman of the White House Council of Economic Advisers and President Obama’s chief economist, at a New York forum held by the Columbia University Center on Global Energy Policy. (Read More)
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WASHINGTON — Top economists at the World Bank continued their push Wednesday to persuade developing nations to abandon policies that subsidize fuel prices, saying the recent plunge in oil prices makes such changes easier to implement. (Read More)
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One of the big factors in considering ways to reduce poverty around the world is the availability and cost of energy. It’s a perennial issue for the World Bank and the International Monetary Fund, and it promises to be as big as ever this week when those institutions hold their spring meetings in Washington. (Read More)
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Politicians may disagree over the need to address climate change, but companies and investors are increasingly financing technologies that provide energy more efficiently and cleanly. Among the latest indications is a report from Standard & Poor’s Rating Services on green bonds, a relatively new financing instrument, and one that is suddenly attracting attention from corporations around the world. (Read More)
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The latest derailments of trains carrying crude oil in the U.S. and Canada are putting more pressure on government officials to end the fiery crashes. (Read More)
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