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Coal-industry and free-market groups have said Ron Binz promoted renewable energy over coal.
Almost every aspect of the U.S. energy landscape is changing drastically — except government policy. Consider: The global price of oil has soared to more than $100 today from $30 a barrel in 2004. As a result, the U.S.’s annual bill for oil imports has risen to $365 billion, even though domestic oil production has jumped in the past two years to 7.5 million barrels a day from 5.5 million barrels.
Tullow Oil Plc (TLW), a U.K. explorer with most of its licenses in Africa, expects to find oil in Madagascar when it begins drilling in the south of the Indian Ocean island next year, a company official said.
Democratic Senator Joe Manchin said he’ll vote against President Barack Obama’s choice to lead the U.S. Federal Energy Regulatory Commission, throwing the confirmation of Ron Binz into uncertainty.
Billionaire Dan Gertler is looking for partners to develop oil blocks in the Democratic Republic of Congo after seismic studies revealed “a lot” of oil, the director of Gertler’s Oil of DR Congo sprl said.
Americans burn through 1.2 gallons of gasoline per person each day. There’s no other country that comes close. Even Canadians, themselves gas hogs, use almost a third less.
As 57,000 miles of U.S. crude pipelines threaten to lure business from railroads, Burlington Northern Santa Fe LLC and Union Pacific Corp. (UNP) are sticking to their bet on the nation’s energy boom.
Nigerian-owned oil companies are boosting their share of the country’s output by taking up fields in restive areas as international energy companies retreat, Ecobank Research said.