The gap in natural gas prices has opened quickly, leaving companies that make investment decisions years in advance scrambling to catch up. As recently as 2007, U.S. natural gas prices were only about 20 percent lower than Europe's, not enough to fundamentally reshape markets.
All along the millions of miles of highways that crisscross North America, wheels are in motion to remake the truck stop.
A draft State Department report concludes that building the Keystone XL pipeline would not speed up development of Canada's oil sands, dealing a blow to environmentalists who claim Keystone would worsen climate change.
More than half the Senate on Wednesday urged quick approval of the Keystone XL oil pipeline, ramping up pressure on President Barack Obama to move ahead with the project just days after he promised in his inaugural address to respond vigorously to the threat of climate change.
Ten GOP governors and the premier of Saskatchewan are putting fresh pressure on President Obama to greenlight the proposed Keystone XL pipeline, which would bring Canadian oil sands to Gulf Coast refineries. Premier Brad Wall and the governors, in a letter to Obama Thursday, call the project "fundamentally important" to the future economic prosperity of the United States and Canada.
A new IHS Study measures economic benefits of Unconventional Oil and Gas Production for each State in the United States Lower 48.
As our nation's leaders work to improve our nation's struggling economy, there is one opportunity we cannot overlook: a responsible exports policy. U.S. Senators and Representatives from across the country have voiced their support for natural gas exports as a unique American opportunity that will create jobs and strengthen our energy security.
Proponents of the Keystone XL pipeline recently held a public forum in York to dispel what they call "myths and misinformation" being dispersed by anti-pipeline groups.
It has taken a couple of years for the energy industry to acknowledge a new reality: Natural gas availability is soaring in contravention of forecasting models that have been in use for decades, and the fuel is set to transform everything from power generation and transport to chemicals and even the trade deficit.
The United States will overtake Saudi Arabia to become the world's biggest oil producer before 2020, and will be energy independent 10 years later, according to a new forecast by the International Energy Agency.