Oil prices have remained low despite heightened tensions between two of the world's big oil-producing countries, Iran and Saudi Arabia, and a new law allowing U.S. crude exports helps explain why...
It may be too much to say that fracking alone saved the global economy in 2015, but fracking had a lot to do with it.
Digital clues pointed to Iranian hackers. And Wallace found that they had already taken passwords, as well as engineering drawings of dozens of power plants, at least one with the title "Mission Critical." But this breach, The Associated Press has found, was not unique.
Obama signed the measure,... Many on each side saw the budget deal as the best they could get under divided government. In exchange for ending the oil export ban, Democrats won extensions of tax breaks for alternative power sources such as solar and wind energy.
Not only has the business been manipulated by an international cartel, OPEC, with varying degrees of success. Since 1975 America has also distorted it by banning the export of almost all crude oil. On December 18th Congress voted to put an end to the problem by lifting the 40-year-old export ban as part of an omnibus budget bill.
There's growing momentum to kill the restriction and a deal could be reached before the end of the year as part of a broader spending and tax bill that's making its way through Congress.
As representatives from around the world work to finalize an agreement in the last few days at the Paris COP21 climate conference, it's important to acknowledge the fact that hydraulic fracturing and the increased use of natural gas has done more to reduce greenhouse gas emissions than any other government scheme or agreement.
US natural gas production in 2015 is expected to reach a record of 79.58 billion cubic feet per day. US oil field production, however, slowed for second month in a row.
"EPA has taken a significant step in the right direction by using its waiver authority to lower ethanol mandates... However, the agency must do more to protect consumers. EPA's final rule relies on unrealistic increases in sales...despite the fact that most cars cannot use them."
The Obama administration is requiring more ethanol be blended into the country's gasoline compared to an earlier proposal, but the increase was widely criticized by renewable fuel and corn producers...