However, there is significant uncertainty over the crude oil price forecast because of the range of potential supply responses from OPEC, particularly Saudi Arabia, as U.S oil producers project higher production levels that would drive prices down.
According to the Energy Information Administration, U.S. rail transport of crude oil and petroleum products had the second-biggest increase in carloadings through the first 10 months of this year. In response to shipper concerns over their slow movement, federal regulators are closely tracking service among major freight railroads.
Several factors are contributing to the Energy Department predicting that the average price of gasoline in the U.S. will be below $2.94 a gallon in 2015. If the sharply lower estimate holds true, U.S. consumers will save $61 billion on gas compared with this year.
Over 20,000 gallons of uranium solution was spilled July 17 at the Nichols Ranch in-situ uranium mine. In-situ uranium mining involves pumping chemicals underground to release uranium into a solution that is pumped to the surface. No shafts or tunnels are dug underground.
The Southeast Louisiana Flood Protection Authority-East sued the companies last year, arguing that coastal drilling and dredging has contributed to the loss of coastal wetlands that protect New Orleans from hurricanes.
More than three years into the massive cleanup of Japan's Fukushima Dai-ichi nuclear power plant, only a fraction of the workers are focused on dismantling broken reactors or removing radioactive fuel rods. Instead, most are devoted to the constantly increasing amount of contaminated water, which continues to grow due to groundwater entering the reactor buildings.
An appeals court reinstated a lawsuit filed by a whistleblower at the Hanford Nuclear Reservation in Washington who claims he was fired by a subcontractor after raising safety issues at the nation's most polluted nuclear weapons production site.
BP lawyers had said Patrick Juneau should be removed for a variety of reasons, among them that he had a conflict of interest because he once represented Louisiana in talks setting up the claims process and had pushed for favorable terms for those with claims.
Shell hasn't formally committed to building the plant, which would convert ethane from Marcellus Shale natural gas liquids into chemicals used to make plastics, tires and even antifreeze, so a timeline for the conversion and operational start remains undefined.
Officials from North Carolina, South Carolina and Virginia met privately with federal regulators and groups funded by oil and gas companies to discuss plans for drilling off the Atlantic coast. A coalition of environmental groups were not allowed inside the meeting.
The refinery will help meet the need for diesel fuel in the booming western oil patch. About 90 people will work there full time, turning 20,000 barrels of crude from the rich Bakken and Three Forks formations in western North Dakota into 7,000 barrels of fuel each day.
Attorneys for SWEPI, a subsidiary of Shell, said the measure effectively destroyed the value of the company's $1 million drilling leases. Mora County wants a trial so it can present evidence on why the commission adopted the ordinance - to protect its land and water.
The 350-mile Mariner East 2 pipeline would provide four times the capacity to move gas from Marcellus Shale drilling sites in western Pennsylvania to its Marcus Hook storage and distribution facility near Philadelphia.
On the same day three workers were injured at the most notorious nuclear reactor on the planet, approval was given by the Japanese government to restart a reactor in the country for the first time since the Fukushima meltdown. Proponents point to stronger regulatory action, but local concern persists.
Republicans' resounding victory gives them an opportunity to push legislation that's been bottled up in the Democratic Senate, from targeting elements of President Barack Obama's healthcare law to constructing the Keystone XL oil pipeline to rolling back environmental regulations.
Recent changes to Mexico’s hydrocarbon laws are opening doors for private oil and gas investment, which is expected to secure more competitive feedstocks for expanded petrochemicals production. It will also allow for cheaper electricity, which will help improve the country’s competitiveness.
Energy-related CO2 emissions can be driven by economic and efficiency trends and changes in the fuel mix, but weather fluctuations that drive the level of energy used for both heating and cooling is also a significant factor affecting variations in fossil fuel consumption and their resulting emissions.
In the past decade, growth of jobs in oil and natural gas extraction, drilling, and support activities has outpaced the national average of private sector job gains. Additionally, average wages of oil and natural gas production jobs were $108,000 in 2013.
The Saudis' move to cut prices to the U.S. - aimed at protecting their market share there - will exacerbate OPEC conflicts. Despite OPEC's credo of consensus and unity, the organization is de-facto controlled by its top producer. The prime motivator for the Saudis is to compete against U.S. shale oil.
Turkey doesn't recognize ethnically divided Cyprus as a sovereign state and strongly opposes its gas search, arguing that it ignores the rights of breakaway Turkish Cypriots to any mineral-generated wealth. Cyprus was split in 1974 when Turkey invaded after a coup.
A freighter carrying coal has been freed after running aground in the Detroit River.
Chevron, ExxonMobil and other oil companies have donated about $7 million to try to defeat the fracking bans. These measures would ban not only fracking but one of the most commonly used drilling methods in the state - steam injection. None of the three counties currently are known to host onshore fracking, which has led some to argue that the vote is no more necessary than banning ice-fishing.
The agency acknowledges that there is a 75 percent chance that one or more large oil spills of 42,000 gallons or more could occur if leases are developed. A supplemental review assumes an extraction of 4.3 billion barrels over the life of the leases.
Judge Janice Clark's decision came a day after two of the smaller players in the suit agreed to a settlement with the New Orleans-area board, which entailed a $50,000 payment for the two Texas companies.
The United States has been recovering steadily as China's economy has weakened. China was growing at a double-digit pace in 2010, when the U.S. was still struggling to escape the recession. Now, the U.S. economy has expanded at a four percent annual pace over the past six months.