Political promises squeeze Canadian oil industry
The oil industry had eight years of an energy friendly government in Canada and couldn’t get a single new export pipeline built.
Wholesale power prices decrease across the country in 2015
(Mon, 11 Jan 2016) Wholesale electricity prices at major trading hubs on a monthly average basis for on-peak hours were down 27%-37% across the nation in 2015 compared with 2014, driven largely by lower natural gas prices. Because natural gas-fired generation sets the marginal price in many markets, wholesale electricity prices are sensitive to changes in natural gas prices.
Braving the Elements Atop the New Tappan Zee Bridge
With high winds, ice-slicked beams and dangling concrete panels, working on the bridge can be dangerous, but the crews say they feel a special verve.
Ethane cash cow a red herring for European petchems producers
For the first time in history the marginal cost of producing plastics in Europe will not be determined by the value of crude oil, but by the price of US gas.
Coal production and prices decline in 2015
(Fri, 08 Jan 2016) Since reaching a high point in 2008, coal production in the United States has continued to decline. U.S. coal production in 2015 is expected to be about 900 million short tons, 10% lower than in 2014 and the lowest level since 1986. Regionally, production from the Appalachian Basin has fallen the most. Low natural gas prices, lower international coal demand, and environmental regulations have contributed to declining U.S. coal production.
Cuomo Proposes $22 Billion to Improve New York’s Roads and Bridges
The funding would pay for upgrades in upstate New York as part of an effort to invest in the region, Gov. Andrew M. Cuomo said Wednesday.
U.S. gasoline prices in 2015 were lowest since 2009
(Thu, 07 Jan 2016) U.S. regular retail gasoline prices averaged $2.43 per gallon (gal) in 2015, 93 cents/gal (28%) less than in 2014 and the lowest annual average price since 2009. Lower crude oil prices in 2015 were the main cause for lower gasoline prices. In 6 of the 10 cities for which EIA collects weekly retail price data, gasoline prices did not exceed $3.00/gal.