Energy
US Oil, Gas Data Suggest Sluggish Demand
By: Daniel James Graeber
By Daniel James Graeber U.S. federal data on commercial storage levels of crude oil and refined petroleum products suggest the economy is starting to feel the strains from higher prices, analysts told Zenger. The U.S. Energy Information Administration, part of the Energy Department, publishes weekly data on inventories of crude...
Omicron Could Finally Bring Relief To The Pump
By: Daniel James Graeber
By Daniel James Graeber There may be finally some good news for U.S. motorists as gasoline supply catches up with demand just as the Omicron variant of the coronavirus is hammering commodity prices, analysts said. On Tuesday, motor club AAA listed a national average retail price of $3.39 for a...
No Fueling: Sugar-Eating Microbes Could One Day Fuel Cars
By: Martin M Barillas
By Martin M Barillas Two scientists have harnessed strains of bacteria that feast on glucose (a type of sugar) and turn it into olefins, a type of hydrocarbon that is a component of gasoline, posing the possibility of a new way to fuel vehicles. “Making biofuels from renewable resources like...
Can A Drone Prevent Disastrous Oil Spills?
By: Brian Blum
By Brian Blum An October oil spill off the coast of Huntington Beach, California, drove home the ongoing potential for ecological disasters stemming from leaky, malfunctioning, corroded and sometimes even sabotaged oil and gas pipelines. The answer to preventing leaks and spills is constant monitoring. But keeping your eyes on...
Weekly Petroleum Data Paints Picture Of US Economic Health
By: Daniel James Graeber
By Daniel James Graeber Federal data on storage levels of crude oil and refined petroleum products indicate a healthy economy, some analysts said. The U.S. Energy Information Administration, part of the Energy Department, publishes weekly data on commercial storage levels of fossil fuels, including gasoline. Gains usually indicate that demand...
US Prices At The Pump Slowly Starting To Ease
By: Daniel James Graeber
By Daniel James Graeber Retail gasoline prices are moving lower in some parts of the country, but don’t expect the announcement to tap strategic reserves to work any long-term magic, analysts said. Motor club AAA listed a national average retail price of $3.40 per gallon of regular unleaded for Tuesday....
HomeBiogas Wins UN Deal To Convert Waste In Refugee Camps
By: Naama Barak
By Naama Barak Israeli renewable energy company HomeBiogas, whose system converts organic waste into clean cooking gas and biofertilizer, recently won a United Nations tender to supply refugee camps in several African countries. HomeBiogas products channel food leftovers or toilet waste into a tank where bacteria digest and convert them...
Oil Watchers Focus On Sentiment
By: Daniel James Graeber
By Daniel James Graeber A weekly report on U.S. inventories of crude oil and refined petroleum products should have supported an uptick in crude oil prices, but analysts said market sentiment seems to have turned sour. The U.S. Energy Information Administration publishes weekly data on commercial storage levels of crude...
Will Gasoline Prices Move Even Higher On Holiday-Driven Demand?
By: Daniel James Graeber
By Daniel James Graeber Supply-side issues are keeping retail gasoline prices elevated, though the upcoming Thanksgiving travel period could determine the level of consumer frustration, analysts said. Motor club AAA listed a national average price of $3.41 for a gallon of regular unleaded for Tuesday, just a tiny fraction of...
Cool Way To Chill: How Ice Can Be Used To Store Solar Energy For Air Conditioning
By: Abigail Klein Leichman
By Abigail Klein Leichman Storing solar energy between sunset and sunrise is a huge challenge. Nostromo Energy decided to meet that challenge by using an unlikely substance: water. Installed on the roof, basement or walls of commercial and industrial buildings, Nostromo’s modular IceBrick stores energy in ice capsules and directs...
Did Biden Beat Oil Prices?
By: Daniel James Graeber
By Daniel James Graeber Crude oil prices lost ground during the Wednesday session, with overtures on controlling U.S. inflation overshadowing some usual market movers for the day. West Texas Intermediate, the U.S. benchmark for the price of crude oil, closed trading Wednesday at $81.34 per barrel, a 3.3 percent decline...
High Gasoline Prices Not Impacting Consumer Demand
By: Daniel James Graeber
By Daniel James Graeber Higher retail prices for gasoline remain a top issue for the White House, though analysts told Zenger they have not seen much of an impact on demand yet. Travel club AAA reported a national average retail price of $3.42 for a gallon of regular unleaded on...
Bullish Oil And Gas Prices Are A Sideshow To Broader Issues, Analysts Say
By: Daniel James Graeber
By Daniel James Graeber Recent movements in crude oil prices have been less about supply and demand indicators and more about concerns surrounding the continuing COVID-19 pandemic and changing U.S. Federal Reserve policy, analysts told Zenger. U.S. crude oil prices on Wednesday moved between minor losses and gains of more...
As Renewable Energy Grows, Utilities Rush To Add Storage Capacity
By: Terry Alan Lane
By Terry Alan Lane California, sometimes forced into rolling blackouts due its residents’ and businesses’ tremendous thirst for energy, is nonetheless unable to capitalize on more than a million megawatts of solar and wind power it generates. To address shortfalls in managing America’s growing renewable energy production, government reports show...
Core! How Volcanoes Act To Keep Earth’s Surface Cool
By: Zenger News Desk
By Zenger News Desk WASHINGTON — Volcanoes are nature’s built-in mechanism to stabilize temperatures on the surface of the Earth as they both emit and remove the heat-trapping gas carbon dioxide over geological time, according to a new study. The findings of the study were published in the journal “Nature Geoscience.”...
Bumpy Ride For Crude Oil Prices Postpones Relief At The Pump
By: Daniel James Graeber
By Daniel James Graeber A rebound in global crude oil prices has delayed expected relief at the gas pump for U.S. motorists, and price drops may now be a month away, analysts told Zenger. Travel club AAA lists a nationwide average retail price of $3.15 for a gallon of regular...
Identifying Uranium Cubes From Nazi Germany’s Nuclear Program
By: Martin M Barillas
By Martin M Barillas Hundreds of uranium cubes from Nazi Germany’s disrupted nuclear program were lost after World War II, and researchers are developing methods to identify them when they turn up. American researchers are reporting that new detection methods can confirm the origin of cubes of uranium that Nazi...
Legal Free-For-All Rages Over Oil, Gas And Coal Leases On Federal Lands
By: Terry Alan Lane
By Terry Alan Lane The battle over fossil fuels on public lands advanced on several fronts this week, with action in the courts and from the federal government that stand to impact not just coal, oil and gas extraction, but also the communities where such projects are located. Just as...
