Oil prices: What’s behind the drop? Simple economics
The cause is the plunging price of a barrel of oil, which has been cut roughly by more than 60 percent since the June 2014.
2015 confirmed as hottest year on record, and by widest margin
Scientists have confirmed that 2015 was the hottest year yet recorded, smashing the previous record, which was set in 2014.
Company executive blames decade-old oil leak on ‘act of God’
A decade-old oil leak that could last for another century was caused by an “act of God” during a hurricane in the Gulf of Mexico, the president of the company responsible said Wednesday.
Oil market tests banks’ ability to weather losses
Low oil prices are rattling global markets and destabilizing economies around the world. They are also posing one of the first big tests to the United States banking system since the financial crisis.
IEA says oil market could ‘drown in oversupply’
Oil prices could fall further this year as the market faces an “enormous strain” on its ability to absorb new supplies from producers such as Iran, a top world energy monitor said Tuesday.
Michigan becomes first state to welcome back gas under $1
Gas prices have continued to drop across the state, but one area is seeing gas prices that are the lowest in the country. According to GasBuddy.com, Michigan is the first state that has welcomed back gas prices below $1 per gallon.
Power to the poop: One Colorado city is using human waste to run its vehicles
No matter how you spin it, the business of raw sewage isn’t sexy. But in Colorado, the city of Grand Junction is making huge strides to reinvent their wastewater industry – and the result is like finding a diamond in the sludge.
U.S. Navy considering lease of 300-600 electric cars
Initially they will focus on a sedan fleet for various Navy and Marine Corps installations within the State of California. A Tesla Model S for every general?
Air pollution goes back way further than you think
When Beijing issues a red alert closing schools and restricting traffic because air pollution is ten times the World Health Organization’s recommended level, it seems like another symptom of modern life.
Flaring wastes 3.5 percent of the world’s natural gas
Around 3.5 percent of the world’s natural-gas supply was wastefully burned, or “flared,” at oil and gas fields in 2012, according to the latest estimates from satellite data.
