In trying to balance the competing interests of oil companies and biofuel producers, the Environmental Protection Agency’s proposed renewable fuel quotas for 2014, 2015 and 2016 have pleased almost no one.
A record cut to the number of active U.S. drilling rigs and billions of dollars of spending reductions by companies since last year’s price plunge has yet to translate into a slump in barrels produced.
It’s “too soon to quantify the financial impact” of the protest that shut down Baker Hughes’ operations in Iraq this weekend, but the Houston oil field service company does have a dozen rigs in the country, Tudor Pickering and Holt analysts said in a note to clients Tuesday.
A Georgia splinter group known as the Green Tea Coalition, which is part of the broader anti-big-government movement, is reviving the Republican link with the Sierra Club on the view that plunging prices for solar panels may mean consumers don’t need to buy all their electricity from utilities and their giant centralized generation plants.
China and India are increasingly driving world energy demand as the United States’ production boom puts it on track to become independent of the global market, the International Energy Agency said Tuesday.
In 2007, presidential candidate Barack Obama made homegrown corn a centerpiece of his plan to slow global warming. But the ethanol era has proven far more damaging to the environment than politicians promised and much worse than the government admits today.
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