The worst oil bust since the 1980s is putting Texas and other oil producing states on the hook for thousands of newly abandoned drilling sites at a time when they have little money to plug wells and seal off environmental hazards.
If the U.K. public votes to leave the European Union (EU) on Thursday, Societe Generale’s head of oil market research predicts the price of would fall — but not for long.
The Earth passed another unfortunate milestone May 23 when carbon dioxide surpassed 400 parts per million (ppm) at the South Pole for the first time in 4 million years.
The European commission was warned by its own experts that a car maker was suspected of cheating emissions tests five years before the VW emissions scandal.
Reduced capital investment and cancelled or postponed oil projects, combined with record-low drilling rig activity in the U.S. has many worried that renewed market tightness is inevitable, if not approaching.
Bioenergy produced from crops does not threaten food supplies, researchers funded by the U.S. government, World Bank and others said in a report, dealing a potential blow to critics of the country’s biofuels program.
Fuel cells have long promised a different and potentially superior path to electrifying automobiles, compared to battery-electric vehicles (EVs) with their limited range and relatively long recharging times. One of the biggest obstacles has always been the lack of infrastructure and supply.
The world’s biggest oil importer. The title nobody wants. For decades the U.S. held undisputed rights to the crown. Last year, China squeaked ahead for the first time amid growing demand and as rising U.S. shale production displaced overseas deliveries.
Earth sizzled to its 13th straight month of record heat in May, but it wasn’t quite as much of an over-the-top scorcher as previous months, federal scientists say.
The Oregon Department of Transportation has asked the federal government to put a moratorium on oil trains in the Columbia Gorge and certain other parts of the state over concerns about inadequate inspections.
