Just recently, oil prices hit a two-year high – but now, this week they have started to head lower.
Oil Price Volatility
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By Conor O'SullivanA key Senate Democrat is warning that a wide-ranging energy reform bill could be in jeopardy without a deal on the Flint, Mich., drinking water crisis. [The Hill] DONG Energy has today confirmed it will build the world’s largest offshore wind farm off the coast of Yorkshire after taking a final investment decision on the… Keep reading →
5 Signs Of Texas’ Clean Energy Momentum In 2015
By Environmental Defense Fund Energy Exchange BlogFrom Apple to General Electric, it is common practice in the corporate world for established juggernauts to invest significant sums for research and development. Why? Maintaining one’s reign atop a sector requires dynamic, cutting edge innovation. The same logic applies to state economies. And when it comes to energy, Texas – where oil and gas… Keep reading →
Energy Quote of the Day: Did I Miss Where it Said There Will be Zero Demand for Oil by 2050?
By Edward DodgeSaudi Arabia’s oil minister is concerned about potentially disruptive trends that could undermine the oil industry in the coming decades. New technologies and efforts to cut carbon emissions offer potentially existential threats to the world’s most important commodity. Current projections from the IEA and other analysts all forecast demand for oil increasing, with medium-term forecasts… Keep reading →
News that Saudi King Abdullah bin Abdulaziz Al Saud passed away sent oil prices sharply higher on Friday, but analysts dismissed the move as a knee jerk reaction, noting the recent trend remains intact. “It’s not an extraordinary move in oil prices, given the recent volatility and turmoil in the oil markets,” said Michael Levi,… Keep reading →