After four years of steady growth, U.S. plug-in electric car sales were essentially flat last year. Low gas prices and increased demand for SUVs had a dampening effect on the segment, which still accounts for a very small fraction of U.S. new-car sales.
When a commodity costs more to produce than the current market price, producers usually stop producing it. But when it comes to U.S. crude, a global crash in prices hasn’t been matched by deep cuts in production.
The emergence of the ethanol industry over the past decade helped transform the corn market from a state of demand stagnancy, giant surpluses and growing reliance on the taxpayer to a state of healthy demand expansion, higher value and plunging government payments.
Check out the ugly budget messes this spring in some of the nation’s top oil and gas fracking states, which are now contending with humongous revenue losses as oil and gas prices languish.
The Obama administration on Thursday issued final rules aimed at preventing the kind of explosion that erupted nearly six years ago on the Deepwater Horizon rig, killing 11 people and causing the biggest oil spill in U.S. history.
British energy producer BP has suffered a revolt by shareholders who objected Thursday to increasing Chief Executive Bob Dudley’s pay package by 20 percent after profit plunged last year.
In the United States, the decoupling of emissions and economic growth was driven chiefly by the boom in domestic natural gas, which when burned produces about half the carbon pollution of coal.
Three Houston companies are among the drillers seeing sharp cuts to their credit lines this spring as lenders tighten their purse strings in a retreat from the cash-strapped oil industry.
We hear a lot these days about how fossil fuel companies are spending large amounts of money to influence policy and legislative decisions.
Although total U.S. crude oil imports in 2015 continued to be lower than levels reached during the mid-2000s, imports from the United States’ top foreign oil supplier—Canada—were the highest on record.
