Energy in America

Former Shell Oil President John Hofmeister discussed how a coronavirus vaccine could impact oil demand.

Exxon Mobil Corp. is retreating from a plan to increase spending to boost its oil and gas production by 2025 and preparing to slash the book value of its assets by up to $20 billion, as the struggling company reassesses its next decade.

Solar-farm development in Texas is expected to accelerate in the coming years as generation costs fall and power demand grows.

Six American oil executives held for three years in Venezuela were found guilty of corruption charges by a judge Thursday and immediately sentenced to prison.

The National Weather Service (NWS) issued various warnings Sunday for the potential "severe" wind gusts and thunderstorms stretching from Ohio and Michigan to the mid-Atlantic through New England.

"Our message is simple and hopefully effective. We fully intend to exercise our rights, and will not have politicians making crippling decisions, that will negatively affect our future and the future of our children." StopTheTires2020 organizer Jeremy Rewoldt wrote in a Facebook post. "We will not participate in the leftist, Biden/Harris Green New Deal. We do not support the banning of fracking. The United States of America operates as a capitalistic economy and OIL is the fuel she survives on."

Pfizer and BioNtech said their experimental vaccine candidate showed greater than 90% effectiveness from preventing COVID-19 in participants without evidence of prior infection.

A Joe Biden presidency could undo the fracking executive order, which could come at astronomical costs to the U.S.