Boston University alumni are threatening to withhold donations until the institution divests from companies that are exploring fossil fuel reserves.
Al-Qaeda has suffered some battlefield setbacks in chaotic Yemen, but the terror organization still controls highly profitable oil fields in the southern regions of the country and has been taking advantage of fuel shortages to reap huge profits.
Eight major maritime chokepoints, through which oil tankers transit, exist globally. Seventeen million barrels of oil daily pass through one of them — the Strait of Hormuz.
The sweeping wildfire that has consumed a fifth of Fort McMurray, Canada, has slowed its march over the city’s surrounding forests, but experts still warn it could be “months” before the last ember is put out.
Oklahoma was struck by a 5.1 earthquake on Saturday morning, the third-strongest quake ever recorded in the Sooner State.
The average price of gas is below $2 per gallon in more than half of the United States, but prices at California pumps are creeping higher due to maintenance issues at refineries across the Golden State.
Facing an anticipated denial from the Obama administration, TransCanada has asked to suspend any further action on its permit for its cross-border Keystone XL pipeline.
From fewer than 50 barrels a day in 2009 to 400 barrels today, fracking technology has advanced at a pace that has doubled oil well production every 2 years. That pace of productivity improvement is almost identical to the computer industry’s Moore’s Law, which expects the speed of processing chip to double every 2 years.
