JPMorgan will join a growing list of investment banks from Goldman Sachs to Barclays Capital seeking to boost profits on their big derivatives trading desks by gaining a foothold in physical markets.
The demand for gasoline in the U.S. is falling, while world demand for oil is still strong. So the price of oil has risen sharply (because of global supply and demand, probably not speculation), while the price of gasoline in the U.S. hasn't kept
The focus is back on nuclear power. We wondered: how good is the security at US nuke plants now? A mixed bag--with more guards sleeping than you'd hope.
E-Fuel Corporation has unveiled its EFuel 100 MicroFueler, a device about the size of a stacking washer-dryer that uses sugar, yeast and water to make 100 percent ethanol at the push of a button.
Demographics also play a role. Baby boomers are trading in larger vehicles as their nests empty, and their children are now of car-buying age. Half of the next generation will pick small cars for their first set of wheels....
A new Goldman Sachs prediction that oil prices could rise to $150 to $200 within two years seemed to motivate much of Tuesday's buying, although a falling dollar and increasing concerns about declining crude production in Mexico and Russia contri
Europe consumes just 4,000 terawatts of energy a year, but 630,000 terrawatt hours in the form of solar energy falls unused on the deserts of the so-called MENA states of the Middle East and North Africa.
While warriors and politicians have failed to deliver a secure source of cheap energy, scientists and business people have been doubling solar energy production every two years.
The Endline's generate electricity with the turbines to power their nearby house, and they see it as a smart economic and environmental investment. The 33-foot-tall metal structures have generated quite a bluster at Bullhead City's municipal
That’s the message from a couple of analytical energy industry trackers, both of whom, based on the surging oil prices, see considerably more pain at the pump than most drivers realize.
Today we found out that the U.S. Strategic Petroleum Resource (SPR) rose to a record 700.9 million barrels, and is increasing at a rate of 62,000 barrels a day. Why would the U.S. be increasing reserves with oil over $100?
Al Gore Ducks, as a Backlash Builds Against Biofuels
U.S. drivers are doing something they haven’t done for nearly two decades — consume less gasoline.
domestic carriers will need to raise fares by 15 percent to 20 percent just to break even.
Crude oil futures popped to a fresh record Tuesday as supply threats gathered and the dollar tumbled against the Euro.
"We are all worth less and earning less than a year ago," says economist Mark Zandi of Moody's Economy.com. "That is why consumers are pulling back, and judging from the confidence numbers they are in a panic mode."
Oil prices have more than quintupled since 2002, propelled higher by soaring demand from emerging economies like China alongside slow increases in global production capacity.
Will that happen now? Will energy-deficit states launch campaigns to wrest the oil and gas reserves of surplus states from their control - the George W Bush administration's war in Iraq might already be thought of as one such attempt ...
Knowing that you can purchase gasoline at a retail price today lower than your wholesale cost in six months, and that "taxes" collected on the sale of stocks purchased during the tax holiday go in your pocket, what do you do?
Crude oil and gasoline rose to records after the Energy Department reported unexpected declines in U.S. crude inventories and refinery operating rates. Oil climbed to $115.21 a barrel in New York, the highest since futures began trading in 1983. Oil
Cantarell, which currently produces one of every 50 barrels of oil on the world market, is fading so fast analysts believe Mexico may become an oil importer in eight years. That would batter Mexico's economy, which depends on oil exports....
Britain and the United States blame OPEC for record high oil prices that have exacerbated a global economic slowdown, but some analysts believe the cause for oil's run-up may lie closer to home: a battered dollar, weakened by a U.S. housing marke
The oil companies and governments are not telling the truth about how close we are to the end. Dick Cheney knew about peak oil back in 1999 when he spoke to the London Petroleum Institute as Halliburton CEO. He predicted it would come in 2010.
African nations should follow Venezuela's lead and nationalize their energy and mining sectors to secure the resources to fight poverty, Venezuela's deputy foreign minister for Africa said.
"I don't know if I'm going to be putting a lot more gas in my car. I'll probably stow it away for the summer and just take the bus or a cab," said Chicago resident Marco Cabral. "Prices are getting too high, they're too
Oil rose to a record $112.21 a barrel and gasoline jumped to the highest ever after the Energy Department reported a surprise decline in U.S. crude supplies as imports fell. [What a difference a day makes.]
Retail gasoline prices pulled back slightly from record levels Tuesday and gave some consumers a small break, but a new government forecast said gas could reach as high as $4 a gallon during the summer driving season.
One wonders if verifiable facts ever get in the way of this administration's statements on issues that are critical to the average American's wellbeing. Last time I checked, politicians take an oath to the American people
Venezuela is sending to China all the oil it previously shipped to a U.S. refinery jointly owned with Exxon Mobil amid a legal battle between the OPEC nation and the U.S. oil giant, Energy Minister Rafael Ramirez said on Friday.
The National Geospatial-Intelligence Agency wants to create an "electric energy infrastructure dataset," including the geographical locations of all transmission lines, power plants, substations, and generating units, to show the way power