“I don’t know if it’s physically possible for us to ever get to a point where we don’t need to import certain types of crude,” Suzanne Minter, Oil & Natural Gas analyst at Platts Analytics, told CNBC.
Alberta’s unusually early and large fire is just the latest of many gargantuan fires on an Earth that’s grown hotter with more extreme weather.
“Everything changes when you adopt a different approach.” Yossie Hollander, founder of Fuel Freedom Foundation, called for new solutions to tackle energy poverty at IESE in Barcelona.
The billionaire oil investor recently made headlines for declaring, at a Manhattan dinner, that the industry is “dead in the water.” That said, it won’t be forever, says Pickens.
A recent study by Santa Monica–based think tank RAND Corporation concludes that ExxonMobil’s Torrance outage cost California drivers nearly $2.4 billion at the pump.
Saudi Arabia’s decision to replace its once-influential oil minister is being viewed widely as the latest effort of Deputy Crown Prince Mohammed bin Salman to consolidate power and pursue what one analyst has called a “brutal battle for market access against arch regional rival Iran.”
The U.S. is importing more foreign crude than it has in years, becoming one of the last ports of call for many oil-producing nations despite a glut of crude from domestic companies.
The classic combo of dwindling supply and increased demand is pushing gas prices up across Minnesota and the nation.
The Colorado Supreme Court ruled Monday that municipalities can’t bar hydraulic fracturing, a long awaited decision in a legal battle that has rippled across this energy rich state.
Edmunds found a mere 27.5 percent of all hybrid and electric vehicle trade-ins in the first quarter of 2016 were applied to the purchase of a new hybrid or electric car. Instead, the rest of customers were found to be switching back to gas vehicles, especially SUVs.
