Freezing temperatures that raised power demand while knocking some generators offline were key factors in a Jan. 6 power emergency that pushed Texas close to blackouts, the grid operator confirms in a new report. More »
The Obama administration would shortchange taxpayers if it heeds the oil industry’s calls to lift a 39-year-ban on exporting U.S. crude without first hiking the royalty rate companies pay the government for drilling on federal lands, according to a new report. More »
Penny Pritzker’s visit comes just weeks before President Barack Obama is scheduled to fly to Saudi Arabia to meet King Abdullah in an effort to patch over strained relations due to U.S. policy on Iran and Syria. It will be Obama’s first visit to Saudi Arabia since 2009.
A rising cost-control cry among oil executives has plenty of basis in the economics of the oil patch, but also may be an open message to suppliers that if prices don’t come down, their business will. More »
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