Energy Economy

Rhode Island Rejects New Natural Gas-Fired Power Plant

A proposed 850 to 1,000 megawatt (MW) natural gas-fired power plant was denied a siting permit Tuesday following a four-year process that may still not be over. The proposed Clear ...
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US Shale Oil Production Headed for a Fall

Total U.S. crude oil production reached a 20-year low of around 3.8 million barrels a day in August of 2005. As of last week, U.S. production has totaled 12.6 million ...
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Crude Price Gives Up Gains After Large Stockpile Build

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories jumped by 7.9 million barrels last week, maintaining a total ...
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OPEC Forecasts Higher Demand for Renewable Energy, Lower Demand for Oil

Between 2018 and 2040, global oil demand is expected to rise from 98.7 million barrels a day to 110.6 million. Oil and natural gas are forecast to continue to meet ...
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Will Trading Clean Air and Water for Profits Save the Coal Industry?

On Monday, the U.S. Environmental Protection Agency (EPA) issued a proposed rule that would relax the 2015 rules for treating wastewater created at coal-fired, steam-electric power generation plants. The 2015 ...
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Gas Prices Reverse Trend, Edging Higher Last Week 

The national average price for a gallon of regular gasoline increased by 2.5 cents last week to reach $2.60, according to industry analysts at GasBuddy. The drop ends three consecutive ...
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New Delhi Air Pollution Reaches Hazardous Levels

The air pollution in New Delhi reached what the EPA would measure as a level that would create hazardous health conditions. The agency uses five measures---"ground-level ozone, particle pollution (also ...
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Meeting Global Climate Goals Means Bursting the Carbon Bubble

Global proved reserves of fossil fuel far exceed the amount that can be produced and consumed while still giving the world a chance to meet international climate targets. Proved reserves ...
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Crude Price Slips on Rising US Stockpile

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories jumped by 5.7 million barrels last week, maintaining a total ...
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IEA Cuts Crude Demand Growth Forecast as Supply Continues Outpacing Demand

The drone attack on Saudi Arabia's crude oil processing facilities in mid-September sent the global crude supply down by 1.5 million barrels a day to 99.3 million barrels a day, ...
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Gas Prices Continue Sliding, Down 5 Cents Last Week

The national average price for a gallon of regular gasoline decreased by 5.1 cents per gallon last week to reach $2.58, according to industry analysts at GasBuddy. The drop marks ...
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Wind Power Could Meet 1,100% of Global Electricity Demand in 2040

Wind power currently generates about 0.3% of annual global electricity demand, or 69 terawatt-hours (TWh) of the 23,000 TWh total. The technical potential for offshore wind generation is 36,000 TWh ...
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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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