Since early 2011, a falling volume of crude oil imports as domestic production has risen sharply and the emergence of net product exports have driven the volume and value of net oil imports lower. These reductions occurred even though the annual average oil prices in 2012 and 2013 were at their highest historical levels.
Drillers, business leaders and politicians are hoping the natural gas boom is so big that it brings life to Pittsburgh's stagnant manufacturing sector. The rush of gas from the Marcellus shale and other formations can provide cheap fuel for a renaissance in domestic plastic- and steelmaking.
Environmental groups and a Steuben County village are headed to an appeals court over water sales to a Shell Oil Company subsidiary for shale gas drilling in Pennsylvania. The state Conference of Mayors says a decision in favor of the environmental groups could endanger thousands of water sale contracts that help struggling towns raise revenue.
The U.S. Department of Energy has appointed a team to investigate the detection of radiation in and near a southeastern New Mexico facility that is the nation's only underground nuclear waste repository in operation.
Federal officials announced the approval of two solar energy plants on public lands in California and Nevada, angering environmentalists who say the facilities will endanger desert tortoises. The plants were expected to supply 550 megawatts of renewable energy, enough to power about 170,000 homes.
The head of BP America Inc. says he believes the company is moving closer toward once again being allowed to bid on federal contracts. Company president and CEO John Minge said Wednesday — without giving details — that he thinks an agreement might be reached with the U.S. Environmental Protection Agency and Department of Justice.
The leaders of the three NAFTA nations met Wednesday in Mexico in part to highlight the economic cooperation that has grown since NAFTA joined the U.S., Canada and Mexico 20 years ago. But all eyes, including Madero's, were on one key area that NAFTA didn't touch: energy.
U.S. Secretary of State John Kerry on Sunday called climate change perhaps the world's "most fearsome" destructive weapon and mocked those who deny its existence or question its causes, comparing them to people who insist the Earth is flat.
Gasoline prices are already creeping higher. The nationwide average price has risen for seven days in a row to $3.34 per gallon, the highest level since October, according to AAA, OPIS and Wright Express. California, Connecticut and New York drivers are paying an average of $3.65 or more, the most in the lower 48 states.
While 2013 as a whole marks the second consecutive annual decline, deal activity in the second half of the year increased with 83 deals worth $35.7 billion versus 69 deals for $24 billion in the first half. The fourth quarter of 2013 recorded 40 transactions worth $50 million or more.
Low U.S. electricity prices in natural-gas-fired plants, for example, are already encouraging investment in energy-intensive industries such as steel and glass. Not yet visible are the advantages that makers of intermediate products, such as plastic-resin pellets, and makers of finished goods, such as plastic toys and plastic auto parts, will reap from cheaper inputs.
A windy stretch of the Mojave Desert once roamed by tortoises and coyotes has been transformed by hundreds of thousands of mirrors into the largest solar power plant of its type in the world, a milestone for a growing industry that is testing the balance between wilderness conservation and the pursuit of green energy across the West.
Scientists say they've taken a key step toward harnessing nuclear fusion as a new way to generate power, an idea that has been pursued for decades. They are still a long way from that goal. The amount of energy they got out of their experimental apparatus was minuscule compared to what they put into it.
The Solar Foundation said Indiana saw 960 new solar industry jobs last year, up from the 540 such jobs in 2012. The Washington, D.C.-based group's annual report summarizing solar energy jobs in each of the 50 states ranked Indiana 25th in solar employment, up two spots from its previous report.
The U.S. brought a trade complaint against India Monday over a solar energy program it says discriminates against American manufacturers, adding another wrinkle to a bilateral relationship strained by the recent arrest and strip-search of an Indian diplomat.
The nation's largest electricity provider, state regulators and an environmental group issued differing data Thursday about the levels of toxins detected in a North Carolina river following a massive spill of coal ash.
While exports of the fuel to lucrative Asian markets have surged in recent years, the rules for leasing government-owned coal have remained largely unchanged since 1990. That's stirred concerns that companies could be shortchanging taxpayers by buying coal cheaply from the government based on U.S. market prices and then selling it at a premium overseas.
Caribbean politicians and renewable power experts gathered Tuesday on British billionaire Richard Branson's private isle to discuss ways of transitioning to clean energy in an effort to spur small island nations to slash their dependence on fossil fuels and prepare for the impacts of climate change.
As it nears 200 years in operation, Monadnock Paper Mills (MPM) remains one of the nation’s foremost manufacturers of technical/specialty, packaging and printing papers for a variety of markets. And it's doing far more than ever to ensure that its local environment remains as pristine as ever.
Through 108 different scenarios in a model, the researchers found that even if EDVs made up 42 percent of passenger vehicles in the U.S., there would be little or no reduction in the emission of key air pollutants.
Silicor Materials, in many ways, is turning inward to implement the necessary practices rather than simply trying to respond to volatile markets. In order to make that possible, the company is implementing some philosophies most often seen in another industry altogether: the foundries of Big Steel, which has a long history of adopting new technology and ways of thinking to improve margins and stay in business.
Toshiba International Corporation (TIC) today announced a five-year commitment to the Next Generation Power Electronics Manufacturing Innovation Institute, a research and development consortium backed by the U.S. Department of Energy (DOE).
The plaintiffs said that manufacturers — Toshiba, GE and Hitachi — failed to make needed safety improvements to the 4-decade-old reactors at the Fukushima plant. They are seeking compensation of $1 each, saying the idea is to raise awareness of the problem.
IBM and Texas A&M University System will be collaborating on wide-ranging research. The Armonk, N.Y. based company and the university announced the agreement on Wednesday. The work will focus on energy, animal diseases and global food supplies, among other things.
Currently, the processing market, and in particular the harsher chemical, petrochemical and resins sectors, are seeing growth due to an influx of homegrown energy resources that have helped lower production costs. This growth shines a spotlight on the need for equipment, operational approaches and ERP systems that are scalable, reliable and efficient.