Two new power transmission lines are connecting Quebec to New York and Massachusetts this year. While they’re a welcome source of low-carbon energy for the states, the Canadian province’s power surplus is not what it once was.
A new study from the New York Federal Reserve found that lower-income households cut gasoline use by 7% in March, while higher-income households reduced consumption by just 1%.
Catherine Wolfram, professor of energy economics at MIT Sloan School of Management, talks about how demand destruction actually helps balance the oil market.
As exports of oil and liquified natural gas surge through the Port of Corpus Christi, officials warn the city’s water shortage could stall growth and cost jobs.
Analysts warn that as higher ticket prices push travelers to drive instead of fly, demand for gasoline will rise at a moment when supply is already strained.
As conflict disrupts oil and gas flows through the Middle East, exports from the Port of Corpus Christi have reached new heights, driving jobs and investment along the Texas coast.
Two months into the disruption of oil flows through the Strait of Hormuz, a gap is opening between what financial markets expect oil to cost and what buyers are actually paying to get a physical barrel delivered today.