ThinkstockLisa Jackson, the top administrator of the U.S. Environmental Protection Agency (EPA), has issued statement this morning announcing her resignation from the agency following close upon President Obama’s state of the union speech late…
courtesy Ford Motor Co.According to a research study at Indiana University, only 4% of 2,300 U.S. adult drivers said that purchasing a plug-in electric vehicle (EV) was under serious consideration. Of those, just 22%…
ThinkstockThe president of Russian oil giant OAO Lukoil has said that the company will cut its Iraqi production by 30%, following a decision by the Iraqi government to reduce output in an effort to…
ThinkstockGasoline prices have hit a 2012 low, according to the widely followed Lundberg Survey and the AAA Fuel Gauge. Lundberg reported that the average price nationwide for a gallon of regular over the two weeks…
ThinkstockThe latest data from Baker Hughes Inc. (NYSE: BHI) shows that drilling rig counts in North America are down by 59 from a week ago and 256 from the comparable period a year ago.…
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks declined by 82 billion cubic feet last week, more than the expected decrease of 75 billion cubic feet compiled by Bloomberg.…
ThinkstockLooking back on 2012, it is hard to discern the biggest story in the oil and gas sector. The reshuffling of assets is certainly a contender, as is the huge growth in U.S. oil…
ThinkstockThe US Energy Information Administration (EIA) released its weekly petroleum status report this morning. US commercial crude inventories decreased by 1 million barrels last week, bringing the total US commercial crude inventory to 371.6…
ThinkstockOne of the best ways to assure that the American consumer has more money to spend is have a significant decline in the price of crude oil. After trading up to $110 back in the…
ThinkstockSolar technology can use heat from the sun to extract heavy crude from aging fields—and the idea is gaining ground and investment from big oil companies like Shell. Last week, Royal Dutch Shell Plc.…
ThinkstockAs part of its strategy to boost shareholder value by selling off noncore assets, ConocoPhillips (NYSE: COP) this morning announced that it is selling its onshore assets in Algeria to Indonesia’s state-owned oil company…
ThinkstockOil field services company Baker Hughes Inc. (NYSE: BHI) this morning issued a revenue and profit warning for the fourth quarter. The company said that both revenues and profits would be affected by weaker…
ThinkstockGasoline prices continue to fall, which could be a small counterweight to fiscal cliff effects. The national average price of a gallon of regular dropped to $3.248 yesterday, according to AAA Fuel Gauge. That…
ThinkstockAnother factor in energy costs that may keep oil and gas prices low is the prevalence of unusually warm weather. Daytime temperatures will not be below freezing anywhere in the United States today, with…
Wikimedia CommonsApple Inc. (NASDAQ: AAPL) shareholders were thrilled when its market value moved above that of Wal-Mart Stores Inc. (NYSE: WMT), Google Inc. (NASDAQ: GOOG), Microsoft Corp. (NASDAQ: MSFT) and then the world’s largest…