Energy Economy - Page 2

Three Mile Island Nuke Plant Closes Friday

In March 1979, one of two nuclear-powered electricity-generating units at Pennsylvania's Three Mile Island experienced a partial meltdown. The reactor that had become operational in April of 1978 never generated ...
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US Oil Stockpile Posts First Build in 5 Weeks

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories increased by 1.1 million barrels last week, maintaining a total ...
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US Keeps 645 Million Barrels of Oil Buried Under Ground for Emergencies

America’s Strategic Petroleum Reserve is the largest supply of emergency oil in the world. After drawing down several million barrels in two of the past four months, the amount has ...
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High Oil Prices Could Tip Global Economy Into Recession

Many European nations have gross domestic product (GDP) growth rates that are the worst since the Great Recession. The region's largest economy, Germany, already may have tipped into negative growth. ...
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Odds of $100 Oil Surge

Is it unimaginable that oil prices could reach $100 a barrel? No. Crude prices reached that point just over a decade ago. Drone attacks on Saudi oil fields pushed the ...
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US Tops Saudi Arabia as World’s Largest Oil Exporter

The demand for crude oil has risen recently, according to an organization that tracks supply and demand. The surge in U.S. production and the politics of OPEC finances allowed America ...
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OPEC Had a Very Bad August

The Organization of the Petroleum Exporting Countries (OPEC) saw the price of its reference basket of crude oil components drop by 7.9% in August to $59.62 a barrel, more than ...
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Get Ready For $2 Gas

As the economy slows while global oil production does not, gas prices are expected to drop after Labor Day, which concludes the summer driving season. Forecasts of U.S. GDP have ...
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Autumn Gas Prices Will Drop Further: AAA

U.S. drivers are already enjoying a year-over-year per-gallon cost savings of $0.24 for regular gasoline. Moreover, Friday's national average retail pump price of $2.60 is expected to drop by another ...
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Why Your Cooking Is Bad for the Environment and How to Make It Better

If you’re concerned about the health of the world around us, you’ve probably already adopted certain measures to help minimize your negative impact on the environment -- turning off unneeded ...
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How Much Has the Shale Boom Boosted GDP During the Great Recovery?

If you have been out to West Texas or driven through much of North Dakota where unconventional oil drilling has taken off, it's obvious that a lot of money gone ...
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US Gas Prices Lower for Fifth Consecutive Week

The national average price for regular gasoline slipped by 3.5 cents per gallon last week to reach $2.60, according to industry analysts at GasBuddy. Three weeks ago, the average was ...
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Who Cares About OPEC’s Monthly Oil Market Report Anymore?

There was a time when any pronouncement on the oil market from Vienna, home of the Organization of the Petroleum Exporting Countries (OPEC), was parsed with nearly the same care ...
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Why China Imports Much More Saudi Oil Than the US

Saudi Arabia has responded to the reimposition of U.S. sanctions on Iranian oil sales by directing more oil to China and less to the United States. According to U.S. Energy ...
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Get Ready for $2 Gas

The summer of 2019 is starting to look like the summer of 2016. That year, gasoline prices started below $2 a gallon in winter. They rallied slightly into the summer ...
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