BP has agreed to pay a record $18.7 billion to settle the federal and state claims against it for its role in the Deepwater Horizon oil spill, sidestepping years of litigation with a promise to pour funds for nearly two decades into efforts to repair vast environmental damage in the Gulf region.
SandRidge, the Oklahoma City-based producer, had about 90 percent of its oil and natural gas liquids output hedged in early 2015, according to a regulatory filing. Next year, the hedges cover less than a third.
Its been a busy year for U.S. energy production with consumer prices on the decline due to increasing domestic supplies of natural gas and oil. Here are the Top 5 energy related news stories that benefit consumers in 2013.
In a recent survey published by researchers at Oregon State, George Mason and Yale universities, more than half of respondents reported knowing little or nothing of fracking. And almost 60 percent of those surveyed said they had no opinion on the subject.
With bills for 1,600 square foot houses like these running as high as $400 a month, solar is seen as less a green statement than an economic no-brainer given state and federal tax credits for as much as 65 percent of installation costs.
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