The Senate moved closer Monday to passing a bill that would open vast new areas of the Gulf of Mexico to oil and gas drilling, voting to cut off debate before a final vote, expected no later than Wednesday.
From here on out, say a growing chorus of experts, America will pay a price for maintaining its 45-year trade ban with the communist nation - a strategic and economic price that will have negative repercussions for the US in the decades to come.
As violence spreads in the Middle East, the Bush administration is grappling with an unwanted side effect of its policies: higher oil prices caused by fears of a disruption in global oil supplies. While the administration seeks to confront Iran, g
Cuba is drilling for oil 60 miles off the coast of Florida with help from China, Canada and Spain even as Congress struggles to end years of deadlock over drilling for what could be a treasure trove of offshore oil and gas.
Nationwide gas prices hit an all-time high in the last two weeks, rising nearly 2 cents to just over $3 per gallon, according to a survey released Sunday. The national average for self-serve regular stood at $3.0150 a gallon Friday, up 1.98 cents
California declared an electricity emergency as it braces for another power-demand record and the possibility of the most severe energy shortfall in five years because of a persistent heat wave.
President Vladimir Putin is set to keep US oil companies out of a lucrative gas field in the latest sign of the deteriorating relationship between Moscow and Washington. The Russian leader after failing to secure backing from the US for his country**
A Spanish company claimed to have developed a method of breeding plankton and turning the marine plants into oil, providing a potentially inexhaustible source of clean fuel. Vehicle tests are some time away because the company, Bio Fuel Systems, h
To prevent interruptions in the delivery of oil and natural gas, countries and energy companies are looking to diversify their suppliers and delivery routes. For the US and Europe, that's translating into finding alternatives to Russia and Iran.
Republican leaders in the U.S. Senate have struck a deal with key party members including Sen. Mel Martinez of Florida that would allow the chamber to vote on opening the eastern Gulf of Mexico to energy exploration, Senate aides said.
Ethanol is far from a cure-all for the nation's energy problems. It's not as environmentally friendly as some supporters claim and would supply only 12 percent of U.S. motoring fuel even if every acre of corn were used.
Promises of cheaper energy and potential multi-billion dollar payoff to Virginia and other coastal states proved a powerful combination Thursday as the House of Representatives agreed to end a quarter-century moratorium on offshore drilling of oil an
World oil prices have climbed towards 74 dollars per barrel due to jitters over motor fuel supplies before a long holiday weekend in the United States.
The U.S. House of Representatives on Thursday voted to scrap a 25-year-old federal ban on most offshore oil and natural gas drilling, allowing energy exploration 100 miles from the coastline, and possibly within 50 miles unless states say no. The
Interest in adding new nuclear power plants to U.S. electric generation capacity has gained considerable momentum in the past year. The last nuclear plant was ordered more than 30 years ago, in 1973. But several factors have combined to generate a cl
In a milestone for nuclear power, the Nuclear Regulatory Commission issued a license late Friday, to a European consortium to build a uranium enrichment plant in New Mexico. It was the first time the NRC had licensed an enrichment plant
When technology entrepreneur Martin Roscheisen was looking for the next big thing in 2001, the Internet wasn't part of his plans. Instead, he looked to the field of solar photovoltaics [PV], specifically at work being done by a small, government-
City officials in Champaign and Urbana took notice when they heard that an ethanol plant proposed nearby would use about 2 million gallons of water per day, most likely from the aquifer that also supplies both cities. "There was concern about
With the market for corn-based ethanol booming, lawmakers from sugar-producing U.S. states are hoping that beet and cane growers can soon jump onto the renewable fuel bandwagon. They cite the model of Brazil, which produces ethanol made from sugar
The US urgently needs an effort similar to the Manhattan Project or NASA's moon mission to confront a looming energy crisis, scientists said. "A sense of urgency is needed like the Manhattan Project or sending a man to the moon," Bu
A tractor trailer rig rumbles into the Tall Corn Ethanol plant. Corn pours from openings in its belly to bins underground, where conveyor belts and buckets haul it to gleaming steel silos rising 13 stories above the Iowa plains. The 40-acre disti
Oil prices climbed over a dollar to above $73 on Monday after Iran hinted it might use oil production as a weapon in its nuclear dispute with the West and hitches at U.S. refineries spurred worries over fuel supplies.
More than a hundred years later, instability is roiling world oil markets, and Americans are paying $3 a gallon for gas. And oil shale fever is again rising in northwestern Colorado and parts of Wyoming and Utah.
The OPEC cartel looks set to keep its oil output at full flow, reluctant to disturb a record-breaking market that is reaping its 11 members a bonanza of petrodollars.
Solutions for high gasoline prices might seem painfully far off to drivers as summer travel season begins, but experts say the skyrocketing costs of oil and gas have given new momentum to the push to develop alternative fuels and alternative energy s
U.S. Energy Secretary Sam Bodman said that soaring energy prices could damage economic growth but there was little the Organization of Petroleum Exporting Countries could do to help bring them down.
Venezuela will recommend cutting oil production at an upcoming OPEC meeting, Venezuela's oil minister said. "We maintain that given the level of supply in the market, a production cut is in order," Energy Minister Rafael Ramirez told re
Despite talk of an energy crisis and the need for independence from foreign oil, Congress seems to be in no mood to open more of the country's coastal waters to energy development. Despite arguments that new supplies are needed to lower energy co
With high gas prices making alternative fuels increasingly attractive, no alternative fuel has received as much attention as ethanol. Some hail the fuel, which can be derived from plants including corn, wheat, barley and sugarcane, as a savior of Ame
The Federal Trade Commission found no evidence that oil companies illegally manipulated gasoline prices or constrained oil refining capacity to restrict supply. The spike in gasoline prices after Katrina was in line with "standard supply-and-dem