oil price

Recently, the UK's energy and climate change secretary, Chris Huhne, spoke of his country's ambitious low-carbon energy plans, telling conference-goers at the Royal Geographic Society that the billions invested in renewable energy will pay off economically. There's a caveat, though: this only ...

With fuel prices in a temporarily lofty spot thanks to the holidays, it's hard to think of the price of a gallon of gas as a bargain, but according to the former president of Shell Oil, that's exactly what it is compared to what we'll see just one short year from now. While speaking with Platt's ...

It wasn't all that long ago that barrels of oil cost around $10. One energy analyst quoted by CNBC, Peter Beutel, the president of Cameron Hanover, thinks that a fresh, crisp Alexander Hamilton is just about what a barrel is worth. His reasoning?

Fuel efficiency has been a hot topic as of late, both for consumers looking to ease their financial and environmental burdens and for automakers hoping to meet the latest round of government-mandated mileage requirements. A few months ago in late March – importantly, that means the survey ...

Two years ago, the price of oil was shooting to highs of over 100 dollars a barrel. Today, it's not quite that high, but the price of a barrel of crude did hit $86.62 this week, its highest point in 17 months, thanks (?) in part to "growth in American jobs and service industries signaled that the ...

While it's certainly possible to run automobiles on natural gas instead of gasoline (see the Civic GX), there is a decided lack of natural gas vehicles in the U.S. This might become a problem that needs solving, quick, if an analysis in Ground Report turns out to be accurate. The fear? That the ...

America might get most of its oil from Canada, but the moves that OPEC makes still reverberate here. Thus, a statement by the Kuwaiti Oil Minister Sheikh Ahmed al-Abdullah al-Sabah to reporters yesterday probably won't help decrease domestic gasoline prices any time soon. OPEC's al-Sabah said that ...

Explaining the ups and downs of the price of oil requires either a PhD and/or an ability to craft a good story. The French institute Enerdata has found another factor that anyone who wants to tell the full tale should take note of: CO2 regulations can affect global oil prices. Perhaps someone ...

Getting used to cheap gas prices? Experts have been warning that they are not going to last and the Organization of Petroleum Exporting Countries (OPEC) is doing its part to prop 'em back up. Today, OPEC unleashed a plan to drastically cut oil production by an astounding 2.2 million barrels per day ...

Photo by Michael (mx5tx). Licensed under Creative Commons license 2.0.The bad news continues for fuel efficient vehicle technologies. The AP is reporting that yesterday's oil barrel price of $74.54 was a 14-month low, and that price is half (half!) of the high price earlier this summer. The main ...