Energy in America

New Zealand largely kept out COVID-19 by closing to the outside world, a policy accompanied by stimulus to keep the economy moving. Now the resulting labor shortages and surging demand, notably for housing, have led it to become one of the first developed economies to raise interest rates since the pandemic began.

Coal supply shortages are pushing prices for the fuel to record highs and laying bare the challenges to weaning the global economy off one of its most important—and polluting—energy sources.

It reportedly took oil workers more than three hours to shut down the pipeline that spilled as many as 144,000 gallons of crude oil off the coast of Huntington Beach, California over the weekend.

Divers investigating a massive oil leak off the coast of Southern California confirmed Tuesday that a 4,000-foot section of pipeline had dragged as far as 105 feet out of place and detected a 13-inch "split" in the line, according to a report.

Some scientists regard Exxon Mobil Corp.’s long-running quest to turn algae into a transportation fuel as little more than a PR stunt. The oil giant says they are wrong.

A large oil spill in the Pacific off the coast of California stretched for miles Saturday and was expected to reach some beaches in Southern California, according to reports.

The overall inflation level was boosted by a jolting 17.4% increase in energy prices. Core inflation, which excludes volatile fuel and food, was more modest at 1.9%.

The U.S. Commerce Department on Wednesday asked a group of anonymous domestic solar manufacturers for additional information before it would consider a request to impose duties on panels produced in three Southeast Asian countries.