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Energy Department

The silhouettes of emissions are seen rising from stacks of the Duke Energy Corp. Gibson Station power plant at dusk in Owensville, Indiana, U.S., on Thursday, July 23, 2015. (Luke Sharrett/Bloomberg)

Transition to low carbon energy will be “extremely difficult,” energy official says

The comments come as the United States and countries around the world work on cutting greenhouse gas emissions to the point the earth’s temperature does not rise more than two degrees Celsius.
(AP Photo/Eric Gay, File)

Oil keeps falling. And falling. How low can it go?

Even after trending down for a year and a half, U.S. crude has fallen another 17 percent since the start of the year and is now probing depths not seen since 2003.
(Tomohiro Ohsumi/Bloomberg)

Report: Shale gas surge will export benefits abroad, leaving marginal U.S. gains

The analysis, posted on the Energy Department’s website Monday, comes as U.S. regulators consider an unprecedented number of proposals to export natural gas from booming shale fields.
Nomac Drilling Corp. derrick man Justin Spruell, right, climbs down from an overhead platform after connecting a section of drill pipe on a Chesapeake Energy Corp. natural gas drill site in Bradford County, Pennsylvania, U.S., on Tuesday, April 6, 2010.  (Daniel Acker/Bloomberg)

EIA ups world total for recoverable shale oil

The EIA’s new estimates added billions of barrels to the worldwide total of shale oil reserves.
(Shane Bevel/Bloomberg News)

Oil falls below $40 after another storage surge

U.S. crude fell to $39.94 per barrel Wednesday, the first time since August oil has settled below $40.
A worker uses heavy equipment to attach drilling pipe sections on an oil drilling platform operated by Tatneft OAO near Almetyevsk, Russia, on Friday, July 31, 2015. Eleven months of surviving with oil below $100 have left Russia hardened enough to endure a monthlong drop to $40 a barrel, a survey of economists showed. Photographer: Andrey Rudakov/Bloomberg

Oil slips as tanks fill for another week

The build was about in line with what analysts had expected, but is still a sign that the U.S. has more crude oil than the market wants despite both a production cutback and stepped up refinery capacity after the height of the fall maintenance season.
(Getty Images)

Permian Basin output growing, but other top shale plays to fall

The Permian is one of the outliers — the only other play expected to grow over the next two months is the Utica in the Appalachian region.
An aerial view of Dominion's Cove Point LNG facility in Lusby, Md. Storage tanks are shown in the foreground; tankers dock at the receiving terminal in the background to transfer liquefied natural gas. (Photo: Dominion Resources Inc.)

Natural gas in storage reaches record level

The U.S. has tied and is set to surpass a record for the amount of natural gas in storage, according to the latest Energy Department data.
(AP Photo/Eric Gay, File)

Natural gas rallies after small gain in inventories

Natural gas prices rose Thursday after Energy Department data showed a smaller-than-expected gain in inventories.
WASHINGTON, DC - OCTOBER 06:  Energy Secretary Ernest Moniz testifies before the Senate Energy and Natural Resources Committee about the potential modernization of the Strategic Petroleum Reserve and related energy security issues in the Dirksen Senate Office Building on Capitol Hill October 6, 2015 in Washington, DC. Created in the wake of the 1973 energy crisis, the reserve is supposed to make sure the U.S. economy will not be hurt by an embargo or sharp price spike and Moniz estimates that $2 billion will be needed for distribution work and other technical upgrades.  (Photo by Chip Somodevilla/Getty Images)

Moniz: Strategic Petroleum Reserve is too valuable to sell its stockpiles

Forty years after the U.S. created an emergency crude stockpile, it needs modernization to swiftly respond to oil supply disruptions, Energy Secretary Ernest Moniz told senators.