A study funded by a foundation tied to the pioneer of hydraulic fracturing found methane leaks from drilling and transporting natural gas are greater than U.S. estimates, undercutting the fuel’s climate benefits.
West Texas Intermediate rose to its highest intraday level in seven weeks after an industry report showed U.S. distillate supplies shrank and a potential historic winter storm threatens to coat Georgia with ice.
West Texas Intermediate oil rose to a six-week high after the close of floor trading on an industry report that showed inventories at Cushing, Oklahoma, the delivery point for the contract, tumbled last week.
They’re senior senators from two of the nation’s top oil-producing states, longtime friends who are about to begin a partnership that has environmentalists uneasy and industry lobbyists counting on a shift in energy policy.
West Texas Intermediate crude rose for a second day following speculation a U.S. government report will show distillate inventories fell amid colder weather in the country, the world’s biggest oil consumer.
The proposed Keystone XL pipeline cleared a key hurdle today with a government study that found its impact on the climate would be minimal, which supporters said meets President Barack Obama’s test for allowing the project to be built.
With the release of a long-awaited environmental review, debate over the proposed Keystone XL project moves into a new phase that puts the question directly to President Barack Obama: Is the pipeline good for America?