"President Felipe Calderón of Mexico announced Wednesday that the national oil company, Pemex, had struck oil in deep water, its first success after years of exploration in the deeper reaches along the bottom of the Gulf of Mexico."
The dramatic drop in the price of natural gas as a result of the U.S. fracking boom may doom the profitability of future coal-burning power plants. It is just one example of how imperfect information about the future makes energy markets uncertain and risky.
"When GOP presidential candidate Mitt Romney visited an Ohio coal mine this month to promote jobs in the coal industry, workers who appeared with him at the rally lost pay because their mine was shut down."
"The Obama administration announced strict new vehicle fuel-efficiency standards Tuesday, requiring that the U.S. auto fleet average 54.5 miles per gallon by 2025, an uncontroversial move that, unlike other administration energy policies, was endorsed by industry and environmentalists alike."
"A crusading oil patch lawyer calls the American refinery industry an 'under-regulated cesspool.' A member of the U.S. Chemical Safety Board is more polite, describing a mismatch between well-heeled oil companies and under-qualified government regulators."
"California legislators are poised to vote this week on a pair of bills that would help renters and low-income communities go solar. But the bills have encountered stiff resistance from some utility companies, which call them unnecessary and expensive."
"TAMPA, Fla. -- 'Drill, baby, drill!' is over the hill. Four years ago, the slogan was chanted during the Republican convention and strengthened into a resounding chorus by the November election. Since then, the economy tanked, Sarah Palin lost her luster and the worst spill in the nation's history fouled the Gulf of Mexico."
"Thawing sea ice and improved technology is opening up the race for natural resource exploration in the Arctic Circle, home to nearly a quarter of the world's untapped oil reserves. Russia leads the race and has promised to adhere to environmental guidelines. But accidents and other damage resulting from the country's oil exploration tell a different story."
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