A recent analysis from Lazard of the levelized cost of various forms of energy shows wind, solar and biomass states they are already cost-competitive with most fossil fuels. [WSJ] American households are expected to pay an estimated $700 less for energy expenditures than in 2014—a windfall that is expected to last through 2016, according to the EIA.… Keep reading →
The decline in the price of oil could force the U.S. and other non-OPEC producers to make their deepest output cuts since the early 1990s, according to the International Energy Agency. [WSJ] The privatization of Zambia’s mines has created an energy crisis, producing regular power cuts and inadequate funds for new power stations. [The Guardian] Researchers… Keep reading →
A review of federal records has revealed cyber attackers successfully compromised U.S. Department of Energy computer systems more than 150 times between 2010 and 2014. [USA Today] A strong morning for stocks turned into an afternoon sell-off on Wednesday, reminding investors that energy market remains volatile. [LA Times] The largest U.S. electric company and the… Keep reading →
Commodity price volatility has thrust cost management to the top of the boardroom agenda as global oil and gas companies have grappled with how to improve margins in a low-price environment. In fact, EY’s recent Capital Confidence Barometer revealed a more than threefold increase over the last two years in the number of oil and… Keep reading →
Jim Chanos is locking horns with Carl Icahn over liquid natural gas, stating he’s betting against Cheniere Energy Inc., of which Icahn is the largest shareholder. [Bloomberg] Falling U.S. oil production and low crude prices are casting a shadow over infrastructural pipeline construction. [WSJ] California officials told a citizens oversight board Tuesday that they know of… Keep reading →
Sarah Palin has announced she’d be interested in becoming Donald Trump’s Energy Secretary before abolishing the department and relinquishing power to individual states. [Vox] Job cuts in the petroleum industry reached nearly 196,000 globally last week after ConocoPhillips said it would cut 10 percent of its workforce and other energy firms announced more layoffs. [Fuel Fix]… Keep reading →
Crude prices rose as much as 4 percent on Thursday amid optimism over equity markets helped offset a surprise increase in U.S. oil inventory levels. [CNBC] A new report released Wednesday highlights the gains the energy storage industry is making, and predicts its continued growth in the coming year. [The Washington Post] A court in the Netherlands has ruled… Keep reading →
A huge move for oil could be on tap Monday afternoon, when an unusually high level of activity in September options contracts could set the stage for a vicious rally. Options on the September crude oil futures contract expire Monday at the 2:30 p.m. ET settlement. And those derivative contracts have been very popular, with… Keep reading →
In her first major break with President Obama, Hillary Clinton has stated she opposed drilling in the Alaskan Arctic because it is too dangerous. [The Washington Post] Billionaire climate philanthropist George Soros has invested more than $2m in struggling coal giants Peabody Energy and Arch Coal in recent months, despite having once called the fuel “lethal”… Keep reading →
Russia’s Gazprom has struggled to assert dominance on the global energy market, prompting speculation the energy giant could be on the brink of folding. [Yahoo] California has failed to deliver on the clean energy jobs promised following the passing of the Clean Energy Jobs Act in 2012, according to the latest figures. [The NY Times]… Keep reading →
