Energy in America

Exxon Mobil's global oil and gas reserves tumbled by a third last year as the COVID-19 pandemic crashed global oil prices and demand, the company said on Wednesday.

President Biden’s nominee for Secretary of Interior, New Mexico Democrat Rep. Deb Haaland, struggled Wednesday to say why she supports the controversial decision to shut down the Keystone XL pipeline.

Hyundai Motor Co will replace battery systems in some 82,000 electric vehicles globally due to fire risks - a costly $900 million recall that lays bare the thorny issue of how car and battery makers split the bill when problems arise. 

Backers of competition in the electricity-supply business promised it would lower prices for consumers who could shop around for the best deals, just as they do for cellphone service.

Four board leaders of Texas’ embattled power grid operator said Tuesday they will resign following outrage over more than 4 million customers losing power during a deadly winter freeze last week.

After the Texas deep freeze exposed vulnerabilities to the state’s power grid, demand for heat-providing electricity and gas has bulked up sales for generators. 

FOX Business’ Grady Trimble talks with an executive from one of the few companies that manufactures solar panels in the U.S. about competing with China.

Lipow Oil Associates President Andy Lipow said he expects it will take about two weeks to restore “the majority of normal operations” in Texas following the deep freeze and the related power outages.

As the state reels under one of the worst electricity outages in U.S. history, Texas Gov. Greg Abbott and members of the legislature will calculate the total cost of these bills and "find ways that the state can help reduce this burden."

Microsoft founder and philanthropist Bill Gates warned that there will be dire consequences if the world does not achieve zero net carbon emissions by the year 2050.

Natural gas spot prices spiked as high as 100 times typical levels, forcing utilities and other natural gas users to incur exorbitant costs

President Biden's plan to combat climate change will hurt "every consumer" in America, businessman and philanthropist John Catsimatidis told FOX Business Network's "Kudlow" Friday.