Jun
17
Rising North American oil production helped to bring down oil, gasoline and diesel prices in 2012, and prices will continue to fall in 2013-2014, according to the Energy Information Administration (EIA). The EIA has forecast in its latest Short-Term Energy Outlook (STEO) that US benchmark crude oil West Texas Intermediate will average $93.17 per barrel… Continue reading »
Jun
14
Acquisition Will Position GE for Rapid Growth in the Small LNG Sector Will Provide GE with Manufacturing Capacity for Small LNG Plants Supports Trend Toward Use of Cleaner, Cost-Effective LNG as a Transportation Fuel Underscoring its commitment to the small-scale liquefied natural gas (LNG) industry, GE Oil & Gas (NYSE: GE) today announced that it… Continue reading »
Jun
11
By now, cars were supposed to be running on fuel made from plant waste or algae — or powered by hydrogen or cheap batteries that burned nothing at all. Electricity would be generated with solar panels and wind turbines. When the sun didn’t shine or the wind didn’t blow, power would flow out of batteries… Continue reading »
Jun
10
The natural gas boom has already upended the American power industry, displacing coal and bringing consumers cheaper electricity. Now the trucking industry, with its millions of 18-wheelers moving products like potato chips, underarm deodorant and copy paper around the country, is taking a leap forward in switching from petroleum to cleaner-burning natural gas. And if natural… Continue reading »
Jun
07
The Three Forks formation in North Dakota, South Dakota and Montana could hold more undiscovered, technically recoverable oil than the Bakken Shale that lies above it, according to the United States Geological Survey’s (USGS) latest assessment. The mean of the estimate for the two formations’ combined undiscovered, technically recoverable oil is 7.38 billion barrels, effectively doubling… Continue reading »