On Thursday, the Organization of Petroleum Exporting Countries (OPEC), an economic cartel responsible for approximately one third of global oil production, announced it would not decrease its rate of oil production.
Sometimes energy issues aren’t partisan, but are still poorly understood. According to the Spring 2014 UT Energy Poll, 84 percent of Americans say they are concerned about the cost of gasoline, including 83 percent of Democrats and 84 percent of Republicans.
In July 2012, Frontier Texas, an Old West museum located in Abilene, received an electric bill nearly $4,000 higher than expected. Oddly enough, the museum hadn't used an unusual amount of power that month.
There is no technical issue with fracking, the controversial technique of fracturing shale rock with high-pressure, chemically treated water to release natural gas.
Since I first wrote about the price of oil last December, the global oil price has fallen to levels not seen in over five years. For many, the recent price decline brings back memories of the 1980s oil price collapse, which followed the 70s oil price spike and drew attention away from renewable energy and [...]
It's not just possible, it's happening... The United States is already overtaking Russia to become the largest oil and gas producer in the world.
This blog appears in the In-Depth Report Science at the Sochi Olympics Climate change poses a well-documented threat to ecosystems and human populations worldwide.
For any alternative fuel in transport, the key question is: what about infrastructure? As in, how much does infrastructure cost, what are the environmental effects, and who is actually going to pay for it?
My last post explained why lower prices at the pump aren’t quite as black and white as most media outlets would have us believe. Sure it’s comfortable for our wallets, but the nuances don’t fit easily into a few bullet points for the mainstream media.
A vital factor affecting the economics of any energy source is transportation: where is the fuel extracted, where is it used, and how does it get from point A to point B?
Last week I paid about $20 to fill up my Prius. The last time I remember a similar experience was in the late nineties. Lower oil prices certainly ease pressure on our wallets, but are they ultimately good or bad for the economy?