Barack Obama will look back on 2015 as a banner year for climate change in his final State of the Union address on Tuesday evening. [The Guardian] Energy stocks started well this week as the price of oil turned higher after sliding to its lowest level in 12 years the day before. [ABC] Global surpluses… Keep reading →
Oil prices plunged again on Wednesday by more than 5 percent as investors paid more attention to signs that global stockpiles are growing than to increasing instability in the Middle East and North Africa. [The NY Times] The New York Stock Exchange announced Wednesday afternoon it would begin proceedings to delist Oklahoma City-based SandRidge Energy,… Keep reading →
Germany energy giant E.ON has officially separated its fossil fuel assets into a new company, dubbed Uniper. [The Guardian] Oil prices quickly gave back early gains to close lower on Monday after investor concerns about Middle East tensions gave way to a continued focus on weaknesses in global economies. [The NY Times] New Jersey is… Keep reading →
John Manley, chief equity strategist at Wells Fargo Funds Management has stated his confidence in energy investment growth for 2016. [CNBC] MIT researchers have developed a simple procedure for making a promising type of solar cell using lead recovered from discarded lead-acid car batteries. [MIT News] The French oil and gas multinational Total has been… Keep reading →
In November, Americans were grateful for the lowest Thanksgiving gas prices in seven years. Thanks largely to the American energy resurgence, drivers continue to enjoy relief at the pump – with the national average close to $2.00, according to AAA. As winter approaches, the good news continues with the U.S. Energy Information Administration’s (EIA) Winter… Keep reading →
With a unanimous City Council vote, San Diego, has become the largest American municipality to transition to using 100 percent renewable energy. [The NY Times] Congressional negotiators scrambled to bridge energy policy differences and strike a deal for a $1.15 trillion spending bill. [Yahoo News] Even after a steady drop in energy prices through the… Keep reading →
Crude oil rebounded Monday afternoon after dipping below $35 a barrel for the first time since 2009, a concerning statistic for those in Canada, where thousands of oil-related jobs have already been lost. [CNBC] The head of Europe’s coal lobby has said that his industry will be “hated and vilified in the same way that… Keep reading →
Energy companies, such as Irving Oil, have responded to the latest slump in the oil price by selling approximately $318 billion of assets such as storage facilities, pipelines and fuel terminals. [WSJ] Energy companies climbed after being beaten down over the past several days, with markets rising on Thursday. [U.S. News/AP] Toshiba, the technology company… Keep reading →
Saudi Arabia stood accused on Tuesday of trying to wreck the Paris climate summit in order to protect its future as one of the world’s largest oil producers. [The Guardian] The American Legislative Exchange Council has suffered the loss of another major corporate sponsor with American Electric Power announcing it will no longer provide the… Keep reading →
The latest attempt by Saudi Arabia to kill off the threat from US shale oil has sent oil prices slumping to their lowest level since the depths of the global recession seven years ago. [The Guardian] New congressional legislation to empower nuclear energy through R&D infrastructure in a way that benefits private sector investment into advanced… Keep reading →
