OPEC isn’t yet in safe harbor. But ahead of a top-level meeting, the 13-nation oil cartel appears close to weathering the storm of slumping crude prices that threatened to bankrupt some members and called into question its relevance.
Global crude oil supply has suffered significant disruption in recent weeks from sabotage in Nigeria, fires in Canada, and political failure in Venezuela, supporting a rise in prices to nearly $50 a barrel.
Pity the poor petro-states. Once so wealthy from oil sales that they could finance wars, mega-projects, and domestic social peace simultaneously, some of them are now beset by internal strife or are on the brink of collapse as oil prices remain at ruinously low levels.
The amount of pollution created by vapor from Canada’s oil sands, which contributes to climate change, ranks on par with most major cities in North America, according to a new study by the country’s environmental regulator.
For almost as long as there have been cars, gasoline has been the dominant fuel in transportation. But for a host of reasons — environmental, climate change, public health, and economic — the time has come to consider mixing higher blends of biofuels with gasoline.
The Governor’s Utah Energy Development Summit opened Tuesday amid an economic climate for fossil fuels dominated by uncertainty and pessimism — at least for the coming months.
What’s the best place in the country to buy a new electric car? That honor arguably goes to Colorado, whose legislature just passed a bill that, starting in 2017, will effectively give consumers a $5,000 discount at the dealership.
It is always disappointing to see Big Oil-funded “scholars” perpetuation of myths about the U.S. biofuels industry.
Just three years ago this month, the carbon dioxide monitoring station atop Hawaii’s Mauna Loa reached a significant milestone: the first measurement of CO2 concentrations that exceeded the benchmark of 400 parts per million (ppm). Now, they may never again dip below it.
The Obama administration tried to strike a cautious compromise Wednesday in setting quotas for a controversial renewable fuels program that pits Big Oil against Corn Belt interests.
