Oil prices may be low now, but don't bank on cheap prices forever. The International Energy Agency's latest report indicates that demand will rebound significantly, and the supply side will have difficulty keeping up.
Oil prices keep dropping and oil companies in the US and abroad are beginning to adjust their plans for a bear market. A fall in oil prices is a relief for US drivers, but it is very bad news for domestic producers that rely on high prices to keep oil flowing.
If Republicans win the US Senate in Tuesday's midterm elections, it's likely the party will move to open up Arctic drilling for oil. The controversial issue has come back in this year's midterm elections in Alaska.
From Georgia to Wyoming, regulators in coal-dependent states are cutting emissions to meet EPA's Clean Power Plan. The plan calls for emissions cuts of 30 percent, although states have considerable flexibility to reach that goal.
Republicans won the Senate in last week's midterm elections, setting the stage for pro-oil and gas legislation and a fight over Obama's clean power plan. The International Panel on Climate Change released a report describing "severe, widespread, and irreversible impacts" of climate change. Tumbling oil prices threaten Saudia Arabia's profits and the US's shale boom.
Republicans captured the Senate in Tuesday's elections, setting the stage for the GOP to push major energy issues – including approval of the Keystone XL pipeline. And with support from moderate Senate Democrats, Keystone likely has the support to make it through Congress.
The goal of curbing global greenhouse gas emissions can sometimes appear at odds with efforts to expand electricity access to the 1.3 billion around the world without it. But it is feasible to make progress on both fronts, write Goolman and Nicholson, so long as policymakers aim high.
The swift decline in oil prices has the media buzzing about an oil supply glut, Cobb writes. But can oil – which now trades at eight times its price during 1998's glut – be said to be experiencing an oil glut now?
Chinese children arrive for a rehearsal for a welcome ceremony for visiting US President Barack Obama at the Great Hall of the People in Beijing.
From Georgia to Wyoming, regulators in coal-dependent states are cutting emissions to meet EPA's Clean Power Plan. The plan calls for emissions cuts of 30 percent, although states have considerable flexibility to reach that goal.
In short: No, President Obama is not manipulating gas prices, Rapier writes. And yet, speculation of executive tinkering with gas markets always comes into play when elections roll around. Here's the real reason gas prices tend to fall during election seasons.
The midterm election in Ohio is a referendum on the future of fracking in the state. Gov. John Kasich of Ohio appears poised to win re-election on a promise of expanded oil and gas drilling coupled with increased taxes on the industry.
A government report says US oil exports could actually benefit domestic consumers. Ukraine, Russia, and the EU avoid a humanitarian crisis by forging a deal to resupply Ukraine with Russian gas. Meanwhile, solar power prices keep on plunging. Catch up on the week in global energy with Recharge.
Gas prices have fallen to the lowest levels since December 2010. Cheap prices at the pump are the result of a glut of oil in the global market, which has driven crude oil prices down significantly over the last several months.
Oil prices continue to drop, energy companies are taking on large amounts of debt, and some call into question rosy projections about a long-term US shale boom. Should we be concerned about the future of American oil and gas?
Ukraine gas talks resumed in Brussels Wednesday, with early reports indicating a deal again could not be reached to resume Russian gas flows to Ukraine. As temperatures drop, officials are increasingly concerned about a lack of the vital winter heating fuel.
Oil prices are dropping on high supply and low demand, and everyone is wondering how much lower can oil prices drop. The answer, writes Tillier, is not much lower.
The city of Burlington now gets 100 percent of its electricity from renewable sources, Guevara-Stone writes. It's part of Vermont's goal to produce 90 percent of its energy from renewable resources by 2050, including electricity, heating, and transportation.
Gas prices are rapidly dropping due to the slump in crude oil prices and that is bad news for electric cars. The emerging technology has come a long way in recent years, but a prolonged state of low gas prices could further slow the spread of electric cars.