The European Commission has carried out surprise inspections at several major oil companies over possible price fixing in breach of EU anti-trust rules.
May 15, 2013
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The surge in oil production in the U.S. and Canada and shrinking oil consumption in the developed world is transforming the global oil market. The threat of chronic oil shortages is all but gone, U.S. dependence ...
May 14, 2013
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It sounds like science fiction but a team from the University of Exeter, with support from Shell, has developed a method to make bacteria produce diesel on demand. While the technology still faces many significant ...
Apr 22, 2013
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East coast Australian cities could one day be linked by high speed rail, but with a price tag of $114 billion and a 40 year timeframe, according to a study released by the Transport Minister Anthony Albanese.
Apr 11, 2013
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(Phys.org)—New research from Bath has explored the idea of treating carbon dioxide as a useful product rather than waste, by capturing it and converting it into useful chemicals and reducing the quantity ...
Mar 01, 2013
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Oil supply related shocks which raise the price of oil decrease gross production in oil importing countries. On the other hand, oil demand related price shocks may even have a positive effect on the gross production of an ...
Jan 15, 2013
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(Phys.org)—For some Americans, it is our energy dreams come true. To others, it is an environmental nightmare. Ever since a new drilling technology, called hydraulic fracturing or fracking, made it possible ...
Dec 12, 2012
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(Phys.org)—Increasingly, U.S. firms are moving or considering moving their manufacturing operations back to domestic soil from overseas, finds a new study co-authored by a Michigan State University supply chain expert.
Oct 01, 2012
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France said Wednesday it would reconsider its plans to further develop the use of biofuel, once seen as a potential source of cheap alternative energy but now blamed for soaring food prices.
Sep 12, 2012
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Researchers have taken a new look at an old, but seldom-used technique developed by the petroleum industry to recover oil, and learned more about why it works, how it could be improved, and how it might be ...
Aug 02, 2012
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China's carbon dioxide (CO2) levels soared in 2011, putting its per capita emissions on a par for the first time with those of Europe, while global levels of the greenhouse gas hit another all-time high, a ...
Jul 18, 2012
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(Phys.org) -- Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity is likely to grow by nearly 20 percent by 2020, which could prompt a plunge ...
Jun 27, 2012
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(Phys.org) -- Rapid increases and unpredictable fluctuations in gas prices annoy many drivers, especially since it may seem that oil companies are secretly conspiring to keep prices high by forming a cartel ...
Jun 21, 2012
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US President Barack Obama called on Saturday for an end to America's dependence on foreign energy sources -- and to the multi-billion-dollar subsidies given each year to oil companies.
Mar 17, 2012
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Gas prices tend to increase in the summer, but the most recent spike, which began in February and appears on track to continue through March, has caught many drivers off guard. Northeastern University news ...
Mar 12, 2012
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