Energy Economy

Why California Gas Prices Are 50% Higher Than National Average

U.S. gasoline prices have not moved much in the past month. At $2.63, the average price of a gallon of regular nationwide is four cents lower than a month ago. ...
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Crude Price Rises as Inventory Levels Fall for First Time in 6 Weeks

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories declined by 1.7 million barrels last week, maintaining a total ...
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Oil Price Holds Firm Despite Massive Stockpile Increase

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning, showing that U.S. commercial crude inventories soared by 9.3 million barrels last week, maintaining a total ...
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Green Economy Generated $1.3 Trillion, 7% of US GDP

Trying to figure out just how important the green economy is to the entire U.S. economy has been as much an art as a science. The U.S. Department of Labor ...
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US Gas Prices Dip for First Time in 2 Weeks

The national average price for a gallon of regular gas decreased by 2.4 cents last week to reach $2.63, according to industry analysts at GasBuddy. The drop is the first ...
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Ignoring Climate Peril, Oil Companies on Track to Lift Production by 7 Million Barrels

The world's largest privately held oil companies have recently been touting both their expenditures aimed at reducing carbon dioxide emissions and at how much greenhouse gas (GHG) emissions they will ...
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OPEC Cuts 2019 Supply, Demand Forecasts

The Organization of the Petroleum Exporting Countries (OPEC) saw the price of its reference basket of crude oil components rise by 4.6% in September to $62.36 a barrel, following an ...
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US Lowers Oil Price and Demand Forecasts for 2020

With slower global growth and oil in ample supply, a fresh new look from the U.S. Energy Information Administration (EIA) is projecting that oil prices will be lower in 2020. ...
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US Gas Prices Up Slightly, Californians Pay More Than $4 a Gallon 

The national average price for a gallon of regular gas increased by a modest 0.3 cents per gallon last week to reach $2.65, according to industry analysts at GasBuddy. Crude ...
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Renewable Energy to Supply Half of Global Electricity by 2050

In 2018, more than a quarter (28%) of global electricity was generated from renewable energy sources like solar, wind and hydro, with the latter being responsible for 96% of renewable ...
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What Could Happen If US Conventional Oil Drilling Disappears

In March of 2010, drilling for oil went horizontal. Until then, vertical and directional (wellbores that bend up to 80 degrees) drilling made up more than half of U.S. rigs ...
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US Gas Prices Slide for Second Consecutive Week

The national average price for a gallon of regular gasoline slipped by 1.9 cents per gallon last week to reach $2.64, according to industry analysts at GasBuddy. That price remains ...
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Oil Prices Could Reach Unimaginable Heights If Saudi Arabia, Iran Go to War

In an interview Sunday on CBS's 60 Minutes, Saudi Arabia's Crown Prince Mohammed bin Sultan said that a war between his country and Iran would send crude oil prices soaring: ...
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Gas Stations Tear Out Pumps, Replace With Electric Chargers

Gas stations (or filling stations as they were known officially) first opened in the early 1900s. The U.S. Census Bureau says there are almost 120,000 nationwide. As gasoline-driven cars give ...
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Does Congress Vote on Tax Credits Improve Climate Change?

As U.S. tax credit policies near the end of their legislative lives, both houses of Congress are currently considering extending or expanding existing credits to support a goal of achieving ...
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