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Fossil fuels

Are there signs of a slowdown for U.S. natural gas?

by Lily Jamali
May 17, 2023
The number of U.S. rigs has dropped along with natural gas prices. Here's what that means for the "shale revolution."
A year ago, oil producers could get $8 per unit sold, but prices have dropped to around $2.33 for natural gas to be delivered next month. And the projected price isn’t set to crack $4 until December of 2024.
Joe Raedle/Getty Images
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A Warmer World

Big banks are succeeding at turning a profit, struggling to meet climate commitments

by Ali Budner
Apr 27, 2023
Two recent studies show the biggest banks are still not doing enough to meet the goals of the Paris Climate agreement.
If banks over-invest in fossil fuels, "They're going to suffer consequences in terms of profitability later on," said UC Santa Cruz professor Galina Hale.
Frederic J. Brown/AFP via Getty Images
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Energy security and access headline Houston conference

by David Brancaccio , Alex Schroeder and Jarrett Dang
Mar 10, 2023
Access to energy when it's most needed seemed to be on everyone's mind at CERAWeek in Houston, research fellow Andy Uhler says.
Haitham Al Ghais, right, secretary general of OPEC, speaks with Carlos Pascual of S&P Global Commodity Insights during the CERAWeek conference.
Mark Felix/AFP via Getty Images
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War and oil profits mean more investment in fossil fuels — and green energy

by David Brancaccio and Jarrett Dang
Feb 24, 2023
Oil giants are going to invest in more oil while also preparing for a greener future, says The Economist's Vijay Vaitheeswaran.
David McNew/Getty Images
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Fossil fuel demand could peak within a decade, the IEA predicts

by Lily Jamali
Oct 28, 2022
Here's what that might mean for investment in fossil fuels and clean energy.
Getty Images
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A Warmer World

Study finds persistent coal ash pollution in lakes

by Lily Jamali
Oct 3, 2022
Climate events like more intense hurricanes are spreading the byproduct of burning coal to water used for drinking and recreation.
The coal ash left behind when coal is burned for electricity contains carcinogens and neurotoxins. Wind turbines, like the one above, are favored as an alternative by advocates of battling climate change and reducing pollution.
Chip Somodevilla/Getty Images
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A Warmer World

Fracking flourishes as era of net-zero carbon looms

by Andy Uhler
Aug 15, 2022
The energy industry is emphasizing the controversial technique over traditional drilling, partly for its shorter timetable.
David McNew/Getty Images
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Some African countries are benefiting from EU members' search for new energy sources

by ish Mafundikwa
Jul 19, 2022
South Africa has seen a boom in coal exports. But critics say European countries shouldn't keep feeding their coal habit.
The European Union will stop importing Russian coal in August. Above, coal storage for the coal-fired power plant of the German energy supplier Steag in Duisburg, Germany.
Ina Fassbender/AFP via Getty Images
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Alaska Airlines, Microsoft and carbon capture firm join forces to develop sustainable fuels

by Meghan McCarty Carino
Jul 14, 2022
Sustainable aircraft fuel is tricky — electric batteries and biofuels have big drawbacks. A startup is converting carbon dioxide into jet fuel.
Most existing sustainable fuel options are biofuels, which are made out of animal fat or used cooking oil. Those present their own sustainability challenges.
Bruce Bennett/Getty Images
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It takes a long time to get from a federal drilling lease to actual oil

by Andy Uhler
Jul 6, 2022
Companies have to evaluate their prospects, then come up with a budget and manage crew and equipment logistics.
While the Biden administration has reopened federal land and offshore sites to oil and gas leases, it can take months or years to actually start pumping oil. Above, an oil well in Garden City, Texas.
Spencer Platt/Getty Images
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