Tag: Energy Department

US running out of room to store oil; price collapse next?

If record production in the U.S. keeps up, storage tanks could approach their operational limits, known in the industry as “tank tops,” by mid-April and send the price of crude — and probably gasoline, too — plummeting.  More »

Energy Department suspends FutureGen project

The plan was to refit a coal-fired power plant in Illinois and store carbon dioxide from the coal underground.  More »

Government sells scandalized Teapot Dome oilfield for $45 million

Most of the easily accessible oil in the oilfield 35 miles north of Casper already has been tapped out since drilling resumed in the mid-1970s.  More »

LNG exports gain momentum on Capitol Hill

The moves come right as low oil prices weaken the economic case for U.S. liquefied natural gas.  More »

Energy Secretary: Strategic Petroleum Reserve needs ‘modernization’

The Strategic Petroleum Reserve needs some changes, in light of shifts in the location and type of domestic oil production, Energy Secretary Ernest Moniz said Wednesday.  More »

Cheniere LNG project marks milestone as Feds give OK

The facility, which would be able to process as much as 15 million metric tons of liquefied natural gas annually, is the first proposed greenfield export project — one that wouldn’t be built on the footprint of existing LNG infrastructure — to make it this far.  More »

Study: All-electric cars may not be so green

The key is where the source of the electricity all-electric cars.  More »

U.S. getting rid of oil addiction as price plummets in glut

The catalyst for the latest sell-off in oil was an OPEC report that projected demand for its crude would sink next year to levels not seen in more than a decade.  More »

Fuel exports soar under Obama

U.S. exports of diesel and gasoline have doubled since President Barack Obama took office, and the carbon embedded in them has meet political goals by taking it off America’s pollution balance sheet.  More »

Gov’t tells US drivers to get used to cheap gas

In a dramatic shift from previous forecasts, the Energy Department predicted Wednesday that the average price of gasoline in the U.S. will be $2.94 a gallon in 2015. That is a 44-cent drop from an outlook issued just a month ago.  More »

Natural gas exports bill gets feds’ attention

Legislation to accelerate natural gas exports could win the Obama administration’s endorsement — with some changes.  More »

Valley hopes for economic boom from Mexico’s energy measures

The Rio Grande Valley, which has missed out on most the oil and gas boom in the nearby Eagle Ford Shale, may get its own boost from increased economic activity tied to Mexico’s energy overhaul.  More »

First-of-its-kind carbon capture plant opens in North San Antonio

Austin-based Skyonic Inc. debuted its $125 million carbon capture plant on Tuesday.  More »

Corpus Christi LNG clears hurdle toward federal approval

The agency found that while construction and operation of the import and export terminal could have some adverse effects, mostly temporary and short-term, they will be minimal.  More »

Yergin: Energy security is more than just strong supply

Daniel Yergin, an oil and gas expert whose 1990 book “The Prize” is still considered required reading for anyone who wants to understand the industry, on Wednesday won government recognition for helping to illuminate the mysteries of energy policies, politics and production.  More »
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