Energy Economy

Oil & Gas Industry Deteriorating on Low Prices, Idle Rigs: Dallas Fed Survey

Posted: September 25, 2019 at 12:10 pm

In its third-quarter survey on the oil and gas industry, the Federal Reserve Bank of Dallas reported Wednesday that energy sector growth declined sharply. The bank's business activity index dropped ...
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Federal Royalties on Energy Resources Remain at 1951 Levels

Posted: September 25, 2019 at 10:35 am

When an oil company wants to drill on federal land, it does so by participating in an auction for lease rights to land that the Bureau of Land Management (BLM) ...
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Three Mile Island Nuke Plant Closes Friday

Posted: September 20, 2019 at 12:25 pm

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

Posted: September 18, 2019 at 11:15 am

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

Posted: September 17, 2019 at 6:55 am

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

Posted: September 17, 2019 at 6:25 am

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

Posted: September 16, 2019 at 6:25 am

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

Posted: September 12, 2019 at 5:06 am

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

Posted: September 11, 2019 at 9:55 am

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

Posted: August 25, 2019 at 7:38 am

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

Posted: August 23, 2019 at 9:17 am

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

Posted: August 22, 2019 at 10:15 am

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?

Posted: August 20, 2019 at 12:45 pm

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

Posted: August 19, 2019 at 1:31 pm

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?

Posted: August 16, 2019 at 1:25 pm

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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