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. [Newsweek]

Oil Search, a Papua New Guinea natural gas producer,  has rejected an $8 billion all-stock takeover bid by the Australian oil and gas producer Woodside Petroleum. [The NY Times]