U.S. States See Energy Boom Along With Economic Expansion

The article is courtesy Stateline, an initiative of the Pew Charitable Trusts. By Tim Henderson Sept 11 (Stateline) - An oil and gas bonanza in Southwestern states may be helping to drive the continuing national economic boom. The nation’s 4.2 percent growth in GDP, estimated last month by the Bureau of Economic Analysis, is the highest quarterly growth since 2014. … [Read more...]

Oil Demand Seen Peaking by 2023 While Climate Targets Missed, DNV GL Report Shows

By Kelly Gilblom (Bloomberg) -- Within 20 years, oil use will have long since peaked, renewables and natural gas will account for about half of energy supply and the cost of keeping the lights on will plummet. But that still won’t be enough to meet climate goals, according to a forecast from energy and maritime services company DNV GL Group AS. Even with crude oil demand … [Read more...]

‘Bomb Cyclone’ Hits U.S. East Coast Energy, Power Supply

By Scott DiSavino and Devika Krishna Kumar NEW YORK/LONDON, Jan 4 (Reuters) - A severe winter storm froze pipes and disrupted services at refineries on the U.S. Atlantic coast on Thursday, sending fuel prices higher as heavy snowfall and high winds caused electricity outages for almost 80,000 homes and businesses. Utilities in the Southeast have restored service to some … [Read more...]

Winter Storm Challenges U.S. East Coast Energy Complex

By Jarrett Renshaw NEW YORK, Jan 3 (Reuters) - The U.S. energy industry is facing a massive test of its infrastructure as an intense winter storm roars up the Atlantic Coast, threatening power outages, refinery shutdowns and spikes in heating prices. The storm swept up the U.S. Southeast toward New England on Wednesday, bringing snow, freezing rain and strong winds to a … [Read more...]

What Will the Global Energy Map Look Like Under President Trump?

By Javier Blas and Anna Hirtenstein (Bloomberg) -- If you want a snapshot of what the global energy map will look like under President Donald Trump, look no farther than the stock market. Glencore Plc, the world’s top coal trader, surged more than 5 percent on Wednesday. Vestas Wind Systems A/S, the world’s biggest wind-turbine maker, plunged as much as 13 percent. The … [Read more...]