Federal regulators this week took aim at fiscal speculators some fault for forcing crude oil prices to nearly $150 a barrel last year, indicating tighter conventions on commodity trading that could have an impact in a crucial part of Houston’s huge energy business. In a series of hearings this month and next, the U.S. Commodity [...]
A resolution by T. Boone Pickens’s to withdraw from a major wind farm investment in the Texas panhandle area spotlights the stumbling blocks being faced by projects furthering clean energy in the United States which is coupled with the increasing availability of vast expanses of inexpensive natural gas.
President Dmitry Medvedev currently stated Russian investments in Nigeria’s energy sector could attain “billions of dollars” as Moscow signed a raft of energy deals with the African oil giant. Medvedev, the primary Kremlin leader to visit the West African powerhouse, stated he desired the signing of a cooperation agreement amongst Russian natural gas monopoly Gazprom [...]
The release of a major new study this week that increases estimates of U.S. natural gas resources is moving debates over the use and monitoring of a fuel that could assist slow global warming but could create other environmental issues. The report by the Potential Gas Committee, a non-profit group that gives closely observed analyses [...]
The oil-and-gas industry is preparing for a fight over the monitoring of a high-tech drilling mechanism that has put up huge new fields for drilling, but that environmentalists fear could infect ground water. On Thursday, a congressional subcommittee held a hearing on the practice, known as hydraulic fracturing, and two Democratic lawmakers stated they would [...]
Although the United States economic system grew somewhat in 2008, carbon dioxide emissions for the year were cut down by the biggest portion since records have been maintained. According to the Department of Energy, the economic system grew by 1.1 percent, but emissions deteriorated by 2.8 percent. High natural gas costs during the summertime convinced [...]
Oil costs faltered recently as the United States’ employment figure dimmed and consumers backed away on spending. Benchmark crude oil for June delivery marked up 15 cents to finalize at $51.12 a barrel on the New York Mercantile Exchange. In London, Brent costs ascended 2 cents to settle at $50.80 a barrel on the ICE [...]
In an evolution slated to heighten India’s macroeconomic wellness as well as energy protection, Reliance Industries (RIL) has embarked on natural gas production from its D-6 block in the Krishna-Godavari (KG) basin. The evolution will cut back India’s trade shortfall, bring down the subsidy burden on fertilizers, and improve chances of oil multinationals investing in [...]
With the recent low hydrocarbon costs, alternative energy projects have taken a hit. After all, alternative energy is uneconomical: consequently, until unless established energy costs arise to what it costs to bring forth power from wind, sun, tide or river, the last mentioned will forever be a tomorrow-technology.
Nowadays low energy prices are consequently a fundamental [...]
Even with the global energy demand on the increase, the U.S. will still find it more than possible to obtain supplies of LNG from foreign companies. Other countries will be willing to pay a higher price for this fuel in the short term, but the U.S. remains an extremely desirable market for energy providers, given [...]
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