BISMARCK, N.D., Dec 19- Tumbling U.S. oil markets approached an important if obscure milestone on Thursday, closing near a price that could trigger a $5.3 billion, two-year tax break for North Dakota oil drillers as soon as next summer. "We're really at the point where we could start calculating this," Ryan Rauschenberger, North Dakota's tax commissioner, said in an...» Read More
Other countries have invested billions in alternative fuels, from Brazil's government-sponsored soybean-ethanol push to France's headlong expansion of nuclear power after the oil shocks of the 1970s. Should the U.S. do the same?
The proliferation of fracking and the likelihood of a long-running, shale-gas boom are destined to make winners and losers out of a lot of industries beyond the energy sector.
Proponents say proper technology for fracking is already in place, but opponents worry about water contamination. What do you think?
Michael Bagley, president of corporate intelligence firm Jellyfish Operations, and security expert Jennifer Giroux discuss how companies can plan and react in hostile environments.
Though Turkey was one of several countries to receive a temporary waiver from U.S. sanctions, it is looking to Saudi Arabia and Libya for crude oil, as well as a number of other energy sources.
Venezuela now boasts the world's largest proven oil reserves but the claim is “irrelevant” because the Latin American producer is struggling to secure enough investment and technical expertise to unlock the resource, Ed Morse, Managing Director and Global Head of Commodities Research for Citigroup Global Markets told CNBC.
Natural gas futures surged over 12 percent on Thursday, topping $2.46 per million British Thermal Units (BTUs), after an unexpectedly bullish storage report helped prices rally above key technical levels.
A number of recent developments highlight the push for renewable energy in the MENA region, from Saudi Arabia’s ambitious solar plans to Qatar’s first-ever polysilicon plant and massive concentrated solar power plants across North Africa.
The struggle for power in Iraq between the north and south is shaping the future of energy production in the region and beyond.
As U.S. and European markets have tumbled in the last month, oil prices have also posted double-digit declines, but the slide isn't helping consumers in the euro zone.
Traders say weak U.S. ISM services data and other poor economic data from Europe trumps positive U.S. manufacturing data earlier this week and is adding to the pressure on oil prices.
Palladium raced ahead of all other metals in April. After climbing double digits in the first quarter, platinum and silver futures were down 4 and 5 percent, respectively. Both metals lost ground for the second consecutive month. Copper prices were flat, and gold seems to have lost its luster, posting its third straight monthly decline.
Equitable Origin is a start up that is trying to change the way oil and natural gas drilling occurs so that it is safer and cleaner, and there is accountability in the event of a disaster.
There are too many options but no one solution to the energy problem. Our needs are many. The current alternative energies — solar, wind, biofuels, nuclear and geothermal — all have limitations, but they're worth it until something better comes along.
John Schiller, Energy XXI CEO, discusses where he sees oil prices headed and how his company plans to make money, with Mad Money's Jim Cramer.
Enterprise CEO gives Bertha Coombs an exclusive look into the construction of the company's new ECHO oil storage and transfer terminal in Houston, which provide a vital link between booming onland Shale oil production by major Gulf Coast refiners.
WTI oil futures have recovered earlier losses to climb to session highs over $104.74 a barrel, after positive data on the U.S. manufacturing sector and a flow of money into commodities at the start the new quarter.
When President Obama was inaugurated, gas was selling for $1.90 a gallon, and it is now nearly $4.00. Mr. Obama says he needs four more years to change America—if reelected can we look forward to $8.00 a gallon?
The looming Iranian oil embargo has heightened the concern of risk to global oil supplies. Meanwhile, energy production in this country is booming.
Gas prices have pushed the economy into the early stages of demand destruction, said Richard Hastings, a consumer strategist at Global Hunter Securities. He said he expects to see a mild reduction in retail sales growth starting in May.