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Tag Archives: energy

CHEAPER GAS EXPECTED THIS SUMMER

The Energy Department says drivers will see the lowest summer gasoline prices in nearly 6 years.  The national average price is expected to fall 32% from a year ago to $2.45 a gallon between April and September.

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SHELL TO BUY BRITISH NATURAL GAS PRODUCER

Royal Dutch Shell PLC has agreed to buy British gas producer BG Group PLC for $69.7 billion in cash and stock, the companies announced Wednesday. The move gives the oil giant Shell a greater stake in natural gas markets in the wake of tumbling oil prices.

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FRACKING POLL

Almost half of Illinois voters – 48.6% – tend to oppose hydraulic fracturing, or “fracking,” because of concerns about the environment, according to a new poll conducted by the Paul Simon Public Policy Institute at Southern Illinois University Carbondale. By contrast, 31.8% believe that fracking should be encouraged for its economic benefits, and 20% are… read more

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OIL STORAGE CRUNCH COULD LOWER CRUDE PRICES EVEN FURTHER

The U.S. is running out of places to stash its overflowing oil supplies, threatening to further drive down crude prices that rebounded in recent days. Supply – including oil produced in the U.S. and imported – has been outpacing U.S. refiners’ demand by about 1 million barrels a day on average since early January, according… read more

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FUEL EFFICIENT LOAN PROGRAM REVIVED

The U.S. Department of Energy (DOE) revived a controversial loan program meant to help automakers and their supply chain finance investments in fuel-efficient vehicles. DOE, announced a $259 million loan to Alcoa Inc. The company will produce high-strength aluminum for North American automakers looking to reduce the weight of vehicles.

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AG & ENERGY

The American Farm Bureau Federation Foundation for Agriculture has launched new online-based curriculum resources on renewable and other forms of energy for middle- and high-school educators and volunteers.

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RFS EDITORIAL

USA Today editorial says the Renewable Fuel Standard should be ended. The newspaper says RFS is a mandate that Americans put billions of gallons of corn-based ethanol into their gas tanks each year even though they don’t want it and it makes no practical sense.

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TANKCAR SAFETY

In a string of recent oil train derailments – including the recent one near Galena – new and sturdier railroad tanker cars being built to carry a rising tide of crude oil across the continent have failed to prevent rupture. Check out the Wall Street Journal article for more.

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OIL IMPACT

The trade continues to watch oil rig counts, as the U.S. oil boom is slowing down as drillers cut back in response to lower crude prices. Companies drilled 28% fewer oil wells in January across the continental U.S. than they did last June.

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PROPANE PRICES

GROWMARK Energy says propane inventories are flush compared to last year and the five-year average and demand hasn’t been strong enough to counter supplies and production.

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