Tag: United States

New US wind power installations plummet

U.S. investors in wind-generated power nearly abandoned the business last year as Congress let lucrative tax credits for wind projects tumble away, according to a new report.  More »

Natural gas vehicles show ‘phenomenal growth’ in China

When it comes to running vehicles on natural gas, China appears more interested than the United States.  More »

Dream of US oil independence slams against shale costs

The path toward U.S. energy independence, made possible by a boom in shale oil, will be much harder than it seems.  More »

Oil prices rise as market awaits US inventory data

The price of oil edged above $102 a barrel Wednesday as investors tried to assess the strength of U.S. demand with the approach of warmer weather.  More »

Two countries dominate world’s green energy workforce, report says

About 5.7 million people work in the renewable energy sector globally, with two countries hosting nearly half of the world’s green energy jobs, according to a new research report.  More »

Bloomberg commentator: ‘Doubt fracking caught Saudis by surprise’ (video)

Former Hostess Brands CEO Greg Rayburn discussed the impact of U.S. shale oil on foreign oil companies on Bloomberg Television’s “Street Smart” on Tuesday.  More »

Nations jockey for Arctic position, US not in lead

Nations across the world are hurrying to stake claims to the Arctic’s resources, which might be home to 13 percent of the world’s undiscovered oil and 30 percent of its untapped natural gas.  More »

Q&A: Dormant issues thaw along with a melting Arctic

By Deb Riechmann,  Associated Press WASHINGTON (AP) — The United States and other nations face many challenges and opportunities in the Arctic, a frozen frontier where melting ice is creating new shipping lanes, opening up access to massive oil, gas and mineral deposits, threatening coastal villages and posing possible future security threats. Key questions and […]  More »

Oil forecasters see second year of price declines

Brent crude prices, the benchmark for half the world’s oil, will weaken for a second year in 2014 as U.S. output expands and threats to Middle East and North African supply ease, the most-accurate forecasters said.  More »

2013 oil boom is biggest ever, data show

The United States’ average daily oil production is on track to surge by 1 million barrels per day this year, the biggest one-year jump in the nation’s history, according to federal data.  More »

US shale boom shakes Britain’s $33B chemicals industry

By 2020 the chemicals industry in the U.S. will be 21 percent larger than in Europe, from near parity now, according to the American Chemistry Council.  More »

IEA boosts 2014 global oil demand forecast on US recovery

A “reasonably robust recovery” and lower gasoline prices in the U.S. are helping stoke demand in the world’s largest oil user, the IEA said.  More »
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