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...

  • BP agrees to record criminal penalties for U.S. oil spill

    BP agrees to record criminal penalties for U.S. oil spill

    By Kathy Finn and David Ingram, Reuters

    NEW ORLEANS/WASHINGTON (Reuters) - BP Plc will pay $4.5 billion in penalties and plead guilty to criminal misconduct in the Deepwater Horizon disaster, which caused the worst U.S. offshore oil spill...

  • BP pleads guilty to oil spill felony; to pay extra $4.5 billion

    BP pleads guilty to oil spill felony; to pay extra $4.5 billion

    By Reuters

    LONDON (Reuters) - British oil company BP Plc pleaded guilty on Thursday to criminal charges relating to its 2010 oil spill and agreed to pay an extra $4.5 billion on top of the tens of billions it...

  • BP to pay record fine for 2010 spill: sources

    BP to pay record fine for 2010 spill: sources

    By Chris Baltimore and David Ingram, Reuters

    HOUSTON/WASHINGTON (Reuters) - BP Plc is expected to pay a record U.S. criminal penalty and plead guilty to criminal misconduct in the 2010 Deepwater Horizon disaster through a plea deal reached with...

  • Long Island Power Authority CEO resigns in storm's aftermath

    By Reuters

    NEW YORK (Reuters) - Michael Hervey, the embattled chief executive officer of the Long Island Power Authority, has resigned, according to a statement issued on Tuesday by Chairman Howard Steinberg...

  • Microsoft and Google financials could surface at trial

    Microsoft and Google financials could surface at trial

    By Bill Rigby and Dan Levine, Reuters

    (Reuters) - Microsoft and Google's Motorola Mobility unit are set to square off on Tuesday at a trial with strategic implications for the smartphone patent wars and which could reveal financial...