Gas - Page 12

Foundation of Rig for Leviathan Gas Field Arrives in Israel

JERUSALEM — Israel’s Delek Drilling and its U.S. partner, Noble Energy, said Sunday the foundation of their rig for the Leviathan gas field has arrived, in the first stage of an ambitious project they say will wean Israel off coal and revolutionize its economy by turning it into an energy exporter.

© AFP/File | Israel hopes its gas reserves will enable it to forge strategic ties within

Jerry Brown Dodges Tax Questions

On Wednesday, California Governor Jerry Brown evaded questions about whether he would raise taxes to pay for new road repairs. Some Democratic leaders have urged raising taxes on gas or cigarettes. But Brown remained mum on any tax hike, saying coyly, “I’m

The Associated Press

Debate over Bill to Halve Gas Use in CA

The Clean Energy and Pollution Reduction Act of 2015, SB 350, which would force petroleum use in California cars and trucks to be cut in half by 2030, is snaking through the California State Assembly toward a vote, prompting acrimonious debate between supporters and opponents.

Nuclear Deal with Iran Could Lower Gas Prices

Iran, which has had its oil exports restricted between 2012 and 2014 by economic sanctions so its exports were virtually cut in half, would likely increase its imports if the U.S. and the other P5+1 nations make a deal regarding Iran’s nuclear program. Their increased exports might cause American gas prices to dip, leaving consumers happier until the Iranian nuclear program becomes operational.

AP Photo/Lynne Sladky

U.S. Oil Prices Fall Below 50 Dollars a Barrel

For the first time since 2009, the price of United States oil fell below $50 a barrel, and Brent crude (West Texas Intermediate crude) fell to a five-and-a-half year low of $51.12 per barrel. That statistic is in great part due to fracking and a global excess in oil supply, combined with OPEC’s refusal to slow its production.

Joshua Lott/Getty Images/AFP

Gas Still Not Cheap by Historical Standards

The recent plunge in gas prices has been welcome relief for many, but today’s price at the pump still isn’t what it used to be in nominal and inflation-adjusted real terms, reports the Wall Street Journal.

AP Photo/Ross D. Franklin