U.S. oil prices continued to sink Wednesday morning, falling to about $56 a barrel as China said it would match President Trump’s tariffs blow for blow. The slide in crude prices signals deteriorating confidence in the strength of the economy. And while lower oil prices benefit consumers by, ultimately, reducing prices at the pump, they … Read more
Hard hats are back. So is “beautiful, clean” coal. President Trump signed four executive orders on Tuesday to try to bolster the country’s declining coal industry, including the lifting of restrictions on mining and burning of the dirtiest fossil fuel. In addition to waiving air pollution limits and other regulations on coal imposed by the … Read more
The severe storm system that has inundated the central and southeastern United States with heavy rain and high winds for days fits into a broader pattern in recent decades of increasing rainfall across the eastern half of the United States. Data from the National Oceanic and Atmospheric Administration for 1991 through 2020 show that the … Read more
President Trump plans to sign an executive order Tuesday aimed at expanding the mining and use of coal in the United States, in an effort to revive the struggling industry. The order will direct federal agencies to remove barriers to coal leasing and mining, loosen environmental reviews of coal projects and explore whether coal-fired electricity … Read more
The Keystone pipeline system, which carries crude oil from Canada to the United States, was shut down on Tuesday morning because of an oil spill in southeastern North Dakota, government and company officials said. The pipeline ruptured north of Fort Ransom, N.D., said Bill Suess, manager of the spill investigation program at the North Dakota … Read more
Oil is trading at its lowest level in nearly four years. Costs are rising. And Wall Street is growing more worried by the day that President Trump’s trade policies will tip the United States into a recession. The reaction in the oil patch? Silence, mostly. Oil and gas executives, eager to stay in Mr. Trump’s … Read more
To hear Trump administration officials and many energy executives tell it, the United States is on the precipice of a new golden age for natural gas that will be driven in large part by the voracious power needs of data centers. But turning natural gas into electricity requires giant metal turbines that are increasingly difficult … Read more
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U.S. oil prices fell sharply, briefly dipping below $60 a barrel on Sunday — their lowest level in almost four years — as the economic fallout from President Trump’s latest round of tariffs reverberated around the world. Crude oil now costs around 15 percent less than it did last Wednesday, just before Mr. Trump revealed … Read more
A jury in Louisiana has ruled that Chevron must pay a parish government about $745 million to help restore wetlands that the jury said the energy company had harmed for decades. The verdict, which was reached on Friday, is likely to influence similar lawsuits filed by other parishes, or counties, in the state against other … Read more