Energy Economy

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 ...
Read Full Story »

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 ...
Read Full Story »

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 ...
Read Full Story »

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 ...
Read Full Story »

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, ...
Read Full Story »

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 ...
Read Full Story »

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 ...
Read Full Story »

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. ...
Read Full Story »

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 ...
Read Full Story »

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 ...
Read Full Story »

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 ...
Read Full Story »

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 ...
Read Full Story »

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 ...
Read Full Story »

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 ...
Read Full Story »

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. ...
Read Full Story »