Energy Economy

Blue flames of a gas stove

Natural Gas Price Drops 4% on Low Storage Withdrawal

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 219 billion cubic feet for the week ending February 20. Estimates called for a ...
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Crude Oil Price Slips as Supplies Continue to Surge

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 8.4 million barrels last week, maintaining a total U.S. commercial ...
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Offshore drill rig

The Easy Oil Is Gone, So Where Do We Look Now?

By Andrew Topf of Oilprice.com In 2008, Canadian economist Jeff Rubin stunned the oil market with a bold prediction: With the world economy growing at 5 percent a year, oil ...
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Oil spill

Is Oil Returning to $100 or Dropping to $10?

By Martin Tillier for Oilprice.com If you have been following the price of oil over the last few months, the chances are you're a little confused. On the one hand ...
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two dollars

Only 2 States Have Gas Prices Under $2

If anyone needs confirmation that gasoline prices have risen, it comes from the news that now only two states have gas prices under $2, based on the average cost for a ...
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Oil drilling rig

US Drilling Rig Count Declines Slowing

In the week ended February 20, the total number of rigs drilling for oil in the United States came in at 1,019, compared with 1,056 in the prior week and ...
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Houston Ship Channel

$50 Oil Will Cost at Least 1 Million Jobs

A study in 2008 about the collapse of the auto industry in America said the disaster would cost as many as 3 million jobs. The research from the Center for Automotive Research (CAR) covered only those jobs ...
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US Crude Oil Inventory Grows Larger Than Ever

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning. U.S. commercial crude inventories increased by 7.7 million barrels last week, maintaining a total U.S. commercial ...
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Blue flames of gas stove

Natural Gas Price Declines Again as Inventories Swell

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 111 billion cubic feet for the week ending February 13. Estimates called for a ...
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Why US Crude Oil Supply Has Skyrocketed

The U.S. oil industry seems to be producing conflicting signals about what the price of oil should be. On one hand, the number of rigs is falling dramatically, and that ...
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crude oil prices

Why Oil Prices Must Go Up

By Nick Cunningham for Oilprice.com It may be difficult to look beyond the current pricing environment for oil, but the depletion of low-cost reserves and the increasing inability to find ...
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oil-jack-pumps

January Crude Oil Production Rises in Bakken, Eagle Ford

The sharp cuts we have seen to the number of oil rigs working in the United States has not yet translated into lower production. In fact, in two major oil ...
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med423074

Gas Prices Jump 21 Cents in a Month

Gasoline prices have risen 21 cents in a month. Prices are higher in most states, as the average price of a gallon of regular nationwide has reached $2.27, according to ...
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Biofuel Cans

BP Energy Outlook Shows Renewables Rising, Coal Falling

While the world’s population and wealth grow over the next 20 years, so too does demand for energy. As we might expect, most of the growth comes in emerging economies. ...
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Could Oil Still Drop to $20?

Last week analysts at Citigroup slashed their forecast for crude oil to $20 a barrel before prices begin to recover. They see prices dropping to that point by the end ...
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