Energy Economy - Page 2

Global Clean Energy Investment Down 14% in First Half of 2019

A 39% drop in Chinese investments in renewable energy sent global investment in new projects down by 14% to $117.6 billion in the first half of 2019. That's the lowest ...
Read Full Story »

US on Track to Miss Climate Change Goals

In 2009, the United States agreed to reduce carbon emissions in 2020 by 17% compared to 2005 emissions as part of an international deal known as the Copenhagen Accord. That ...
Read Full Story »

Why Does OPEC Even Hold Meetings?

The Organization of the Petroleum Exporting Countries (OPEC) has officially agreed to extend its production cuts for an additional nine months. And the sun rose in the east. The agreement ...
Read Full Story »

Goldman Sachs Has 4 Top Pick Energy Stocks to Buy as OPEC Cuts Remain in Place

The price of West Texas Intermediate crude oil pushed back toward the $60 level on Monday as the Organization of Petroleum Exporting Countries (OPEC) member countries extended the production supply ...
Read Full Story »

The Russian Tail Wags the OPEC Dog

This past Saturday at the G-20 meeting in Osaka, Russian President Vladimir Putin announced that Russia and Saudi Arabia had struck a deal to maintain their current output cuts at ...
Read Full Story »

Driven by Chaos in Oil World, Gas Prices Begin to March Higher

Just in time for the long July 4th holiday weekend, U.S. gasoline prices are once again on the rise. By Independence Day, industry analysts at GasBuddy expect the national average ...
Read Full Story »

Coal-Fired Electricity Generation Falls Behind Renewables 

Coal-fired power plants generated more than 60 million megawatt-hours (MWh) of electricity in April, a drop of 18.1% compared with April 2018. Renewables, including conventional hydropower, generated more than 65 ...
Read Full Story »

Oil and Gas Industry Caught Between Slowing Economy, Higher Costs: Dallas Fed Survey

In its second-quarter report on the oil and gas industry, the Federal Reserve Bank of Dallas said Wednesday that energy sector growth slowed significantly in that quarter of 2019. The ...
Read Full Story »

Falling Gas Prices Could End With a 7-Week Streak

U.S. retail gasoline pump prices fell by about 2.5 cents last week to a national average of $2.65 for a gallon of regular. The price of crude oil jumped by ...
Read Full Story »

New Regulations, Joint Venture Unlikely to Save Coal

The U.S. coal industry presumably got a boost on Wednesday when the U.S. Environmental Protection Agency announced the repeal of the Obama-era Clean Power Plan and replaced it with a ...
Read Full Story »

Global Renewable Energy Investments to Reach $13.3 Trillion Through 2050

Worldwide demand for electricity is expected to rise 62% by 2050 and global generating capacity will nearly triple to meet that increased demand. Over the next 30 years, the total ...
Read Full Story »

Good News for Roadtrippers: Gas Prices Fall in All 50 States

U.S. retail gasoline pump price increases fell by more than 6 cents last week to a national average of $2.67 for a gallon of regular gas. The price of crude ...
Read Full Story »

Green Electricity Outshines Coal for the First Time in US

U.S. electricity generation is (slowly) going green. At the end of April, power generation capacity from renewable sources (hydropower, biomass, geothermal, solar and wind) for the first time surpassed the ...
Read Full Story »

Gas Prices Plunge, Hit Lowest Average Since Early April

U.S. retail gasoline pump price increases fell by 7.1 cents last week to a national average of $2.73 for a gallon of regular gas. Although the price of crude oil ...
Read Full Story »

Can OPEC and Russia Combined Stop Falling Oil Prices?

Monitoring the price of oil in a macroeconomic situation with volatile financial markets can get a bit tricky. Now that oil officially has entered into a bear market by falling ...
Read Full Story »