All Environment
Low oil prices mean cheap airfare, right? Maybe. Maybe not.Oil prices continue to plummet, leading to all sorts of economic boosts for consumers. But the drop in oil prices has yet to benefit air passengers, who may or may not see lower airfare in the coming year.
Lima climate talks reach deal; $10 billion for clean energy; US debates oil exports [Recharge]Lima climate talks ended in a deal leaders hope will spur global action on climate change; Industrialized nations raised $10 billion to finance clean energy across the globe; Congress made its first major foray into debating the end to the US oil exports ban. Catch up on global energy with Recharge.
Cover StoryHow cheap oil changes the worldConsumers get lower heating bills and prices at the pump. Russia, Iran, and Venezuela face shrinking treasuries, while Saudi Arabia tries to still US drills.聽
Kuwait oil chief: Get used to low oil pricesOil prices will stay at $64 per barrel for six or seven months unless OPEC changes its production policy or the global economy recovers,聽according to the chief executive of Kuwait's state-run oil company.
Oil prices at five-year low as IEA cuts demand forecastOil prices have plunged to a fresh five-year low after the International Energy Agency reduced its outlook for global oil demand.聽The benchmark New York oil price slipped further below $60 a barrel in early Friday trading.
How the US could beat OPEC in an oil prices warThe US could fight back in an oil prices war with OPEC by employing one simple, big move. But, I can confidently predict that the country will not do it. Why? Because it involves a tax, a tariff actually.
Oil prices continue slide, fueling calls for US crude exportsSurging US oil production and plummeting oil prices has ignited a debate over a decades-old ban on US crude exports. It's an issue that will get increasing attention in a GOP-dominated Senate next year. 聽
Oil prices keep falling, but US drillers keep drillingOil companies are still drilling in the United States despite a supply gut causing the drop in oil prices. It聽defies predictions that drilling, much less exploration, would decline because of collapsed oil prices.聽
BP job cuts: Energy giant scales back amid low oil pricesBP job cuts come as the company looks to pare down its business operations amid plunging oil prices. BP said it will invest in gas projects, which are typically less exposed to oil prices.
Lima climate talks carbon footprint is huge, but will be offsetAt more than 50,000 metric tons of CO2, the Lima climate talks' carbon footprint will be about 1 1/2 times the norm, say officials.聽
Obama on Colbert: What he said about Keystone XLDuring an appearance on the Colbert Report, President Obama tip-toed around his position on the controversial Keystone XL pipeline. Republicans are likely to push Obama to approve the pipeline when they control the US House and Senate next year.
Ukraine makes payment for Russian gas as winter arrivesUkraine has sent $378.22 million to Russia as advance payment for natural gas supplies.聽The payments and the flow of gas come just in time, as wintry weather settles on Ukraine.
Low oil prices are bad news for NorwayNew oil projects are being scrapped in Norway amid falling production and low oil prices.聽Despite efforts to diversify, Norway鈥檚 economy is overwhelmingly dependent on oil, which accounts for more than half聽of the country鈥檚 exports.聽
South Stream loses steam; Oil prices keep plunging; Optimism at Lima [Recharge]Moscow cancels the South Stream pipeline; More global actions put downward pressure on oil prices; Climate talks in Lima come amid progress on emissions. Catch up on global energy with the Monitor's Recharge.
Why a Florida utility suddenly wants to serve HawaiiLike many big utilities, NextEra is looking at strategic mergers that offer a business advantage. Its $4.3 billion deal to buy Hawaiian Electric will give it important experience dealing with distributed renewable energy.
Will low oil prices derail renewable energy growth?A rosy outlook for clean energy now takes on an air of uncertainty as renewables look to avoid becoming a casualty of an era of low oil prices.
Want bipartisanship? Look to energy, former Senate leaders sayEnergy could provide fertile ground for bipartisan compromise in the next Congress, two former Senate majority leaders and the head of a think tank said at a Monitor breakfast Thursday. That could mean legislative action on anything from Keystone XL, to energy efficiency, to oil exports.
Why emissions are falling from a source you might not expectTechnology is making it possible for the energy industry to produce more natural gas and do it in a cleaner and more efficient way. It鈥檚 why the United States leads the world in carbon and other emissions reductions.
Data shows 2014 was an exceptionally hot yearRejecting claims global warming has paused, The World Meteorological Organization said the global average temperature for much of 2014 was above average, and is on track to tie the record hot year of 2010.
As rain finally falls in California, are residents weary of conserving water?After three years of severe drought, some California residents appear to be succumbing to water conservation fatigue. Officials worry that this week's heavy rains could tempt others to fall off the conservation wagon.
