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I Win My Long-Run Gas Price Bet

(February 14, 2018 11:16 AM, by Bryan Caplan) In July of 2008, the average U.S. price of regular gasoline was $4.062. As usual, global hysteria followed. And as usual, I was unperturbed. So unperturbed, in fact, that I made the following bet with Tyler Cowen and David Balan:I... (0 COMMENTS)

How to reduce methane emissions from the oil and gas industry across North America

U.S. natural gas production has boomed in the past decade, driving gas prices sharply downward. Natural gas has become a competitive choice for electricity generation, edging out coal. Because gas contains less carbon than coal, greenhouse gas emissions from power plants have dropped, and the U.S. Show More Summary

Gas prices rise despite surging U.S. oil output

More U.S. crude is being exported, which is keeping prices higher at home        

BP Dodges Oil-Industry Gloom as Profit Jumps With Production

By Kelly Gilblom (Bloomberg) — BP Plc dodged the disappointment that afflicted other oil-company earnings as it did a better job of exploiting the upswing in crude prices. Oil and gas output rose following the startup of seven new projects...Show More Summary

BP's profits surge as it leaves downturn behind

BP's profits more than doubled in 2017 to $6.2 billion powered by higher prices and output of oil and gas, allowing the company to resume share buybacks as it recovers from a three-year downturn. Sonia Legg reports Video provided by Reuters        

EU lawmakers back reforms to boost carbon emissions price

STRASBOURG (Reuters) - European lawmakers backed a long-awaited deal to reform the EU's carbon market after 2020 on Tuesday and shore up prices in the bloc's flagship tool for reducing greenhouse gas emissions from some 12,000 industrial and power installations.

Shell says annual profit almost triples to $13 bn

Royal Dutch Shell said Thursday that profit after taxation almost tripled to just under $13 billion (10.5 billion euros) in 2017, energised by rising oil and gas prices. Shell was boosted particularly by a major recovery in crude oil prices, which tends to ramp up revenues and profits for the entire sector. Show More Summary

2018 Alta Motors Redshift MXR gives gas bikes a run for their money - Roadshow

2 weeks agoTechnology : CNET: News

The Alta Redshift MXR gets more power, less weight, faster charge times and a lower price to finally achieve parity with gas-powered dirtbikes.

U.S. gasoline prices show no sign of falling: GasBuddy report

Month over month, the price of gas rose nine cents, and it is more than 30 cents a gallon higher year over year. Last month the national average was $2.48.        

Ethanol Exploitation

The federal government imposes a mandate to blend corn ethanol and other biofuels into the nation’s gasoline. This “renewable fuel standard” or RFS raises prices at the gas pump. The “10% Ethanol” sticker you see when filling your tank...Show More Summary

Gas prices head up when they usually head down in winter

4 weeks agoNews : USAToday: News

Winter is supposed to bring relief at the fuel pump, but rising oil prices have zapped hopes of seasonal savings this year.        

Unusual winter rise for gas prices zaps seasonal savings

Winter is supposed to bring relief at the fuel pump, but rising oil prices have zapped hopes of seasonal savings this year.        

Protesters demanding jobs clash with police in Tunisian town

TUNIS (Reuters) - Tunisia police fired tear gas to disperse demonstrators demanding jobs in the southern town of Metlaoui on Sunday, witnesses said, days after violent protests across the country against price hikes subsided.

Norway Aiming For Oil & Gas Output To Reach Record Highs By ~2022

Now that oil prices has begun to rise again, Norway's oil and gas development and output will as well — with output perhaps eclipsing the earlier high of 2004 by as soon as 2022, according to a new report from the Norwegian Petroleum Directorate (NPD)

Pennsylvania Added 200 Coal Mining Jobs Thanks to Donald Trump

Actually it's not clear that the 200 jobs were due to Trump, since the biggest factor appears to be higher world energy prices. Trump is not obviously responsible for rising oil and gas prices, but I suppose there is some way that his administration can take the credit/blame for people paying more for their gas and heat. Show More Summary

BLUE STATE BLUES: New Englanders Have Only Themselves to Blame for Energy Price Spikes. Both pric…

BLUE STATE BLUES: New Englanders Have Only Themselves to Blame for Energy Price Spikes. Both prices and demand for domestic natural gas have surged as people have started plugging in their space heaters. Gas consumption set a new record for daily use on January 1, surpassing the previous record set in January 2014 in the […]

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