Energy

Budget Battles

  • usFILE PHOTO: A bulldozer moves coal at the Murray Energy Corporation port facility in Powhatan Point, Ohio

    Trump's Coal Job Push Stumbles in Most States

    By Valerie Volcovici, Reuters

    WASHINGTON (Reuters) - President Donald Trump's effort to put coal miners back to work stumbled in most coal producing states last year, even as overall employment in the downtrodden sector grew...

  • The massive Big John dragline works to reshape the rocky landscape in some of the last sections to be mined for coal at the Hobet site in Boone County

    Why US Coal Producers Are Having a Very Good Year

    By Tom DiChristopher, CNBC

    U.S. coal exports are rising this year, giving the fossil-fuel friendly Trump administration reason to cheer, but analysts believe the good times won't last. The surge in exports doesn't herald a...

  • Venezuela's President Nicolas Maduro waves during a pro-government rally with workers of state-run oil company PDVSA, in Barcelona

    The Crisis in Venezuela Could Send Oil Prices Soaring

    By Nick Cunningham, Oilprice.com

    Venezuela’s deteriorating crisis is “going to be the biggest geopolitical story to watch in the oil markets," according to Helima Croft of RBC Capital Markets. The economic, political and security...

  • FILE PHOTO: A sign is painted on a parking space for electric cars inside a car park in Hong Kong

    The Battery Problem That Could Slow the Electric Car Revolution

    By Zandi Shabalala, Reuters

    Producers of processed lithium - an essential element for batteries used in electric cars - are agreeing long-term contracts with their customers to fund the investments needed to address a looming...

  • A prototype of the Tesla Model 3 is on display in front of the factory during a media tour of the Tesla Gigafactory which will produce batteries for the electric carmaker in Sparks, Nevada, U.S. July 26, 2016. REUTERS/James Glover II

    The Great Battery Battle: Tesla Sparks an Arms Race in Energy Storage

    By Ryan Browne, CNBC

    Elon Musk's car company Tesla appears to be leading the "arms race" for lithium-ion batteries — for now. Musk recently announced plans to build the world's biggest lithium-ion battery storage project...

  • Obama: This May Be ‘The Last Generation’ That Can Stop Climate Change

    By Eric Pianin

    President Obama on Monday formally unveiled his signature plan for dramatically reducing emissions from coal-fired power plants over the coming decade, and then immediately fired a salvo at his...

  • Big Oil Slammed by Global Glut

    By Nick Cunningham, Oilprice.com

    The second quarter was not kind to some of the oil majors. Royal Dutch Shell revealed that its quarterly profits dropped by 33 percent compared to the same quarter a year ago. Its upstream unit fared...

  • Billionaire Plans the World’s Largest Wind Farm

    By Michael McDonald, Oilprice.com

    Philip Anschutz has an audacious plan to build the country’s largest wind farm and he is backing the plan with $5 billion of his own money. The plan would create the country’s biggest wind farm deep...

  • Saving $1.11 a gallon might not sound like much. But if you're filling up a 20 gallon tank, you could save $22. Do that once a week and you'd save $1,150 a year.

    Why Gas Prices Are Headed Lower

    By Patti Domm, CNBC

    With U.S. refineries running at record levels, the global oil glut is turning into a fuel glut. Already, U.S. refineries, maxing out production capacity, have created an oversupply of diesel. Diesel...

  • U.S. proposes new rules for fracking on federal lands

    Gas Rises Past Coal as Top U.S. Power Source

    By Andy Tully, Oilprice.com

    Thanks to increased production of North American gas and new regulations limiting the use of coal, electric power generation in the United States now relies more on gas than on coal for the first...