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...

  • Sandy's Surge Brings Destruction — and Benefits

    By John W. Schoen, CNBC

    The long-term, potentially catastrophic damage from Hurricane Sandy bearing down on the Northeast will most likely come from the unusually strong and potentially deadly storm surge that forecasters...

  • U.S. nuclear plant declares "alert" after Sandy storm surge: NRC

    U.S. nuclear plant declares "alert" after Sandy storm surge: NRC

    By Scott DiSavino, Reuters

    NEW YORK (Reuters) - Exelon Corp declared an "alert" at its New Jersey Oyster Creek nuclear power plant due to a record storm surge, the Nuclear Regulatory Commission said, warning that a further...

  • Japan seeks exemption on U.S. sanctions on Iran-Nikkei

    Japan seeks exemption on U.S. sanctions on Iran-Nikkei

    By Reuters

    TOKYO (Reuters) - Japan is seeking an exemption from proposed new U.S. sanctions against Iran that could effectively freeze Tehran's use of payments for oil, the Nikkei business daily reported on...

  • ConEd cuts power to part of Lower Manhattan due to Sandy

    ConEd cuts power to part of Lower Manhattan due to Sandy

    By Scott DiSavino and David Sheppard, Reuters

    NEW YORK (Reuters) - New York power company Consolidated Edison Inc ED.N said on Monday that it had shut off power to part of Lower Manhattan to protect electrical equipment and to allow for quicker...

  • Energy Markets Rise on Sandy, London Insurers Fall

    By Herbert Lash, Reuters

    U.S. gasoline and heating oil futures gained while U.S. Treasuries also rose on Monday, as economic worries over Hurricane Sandy fueled safe-haven buying in thin trading as the powerful storm began...