Energy in America

Oil has not been this high since 2014.

The White House does not currently plan to take action to alleviate gas prices that have surged to seven-year highs, deputy press secretary Karine Jean-Pierre told reporters on Thursday.

As oil and gas prices surge, the Department of Energy is doing damage control.

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.