The U.S. Supreme Court on Tuesday ruled that a federal law governing the natural gas market does not shield energy companies from state antitrust claims made over the western U.S. energy crisis between 2000 and 2002.
The bottom line is the world's largest oil consumer is undergoing a radical shift in long-standing supply trends. The US is seeing its first material imports decline in a quarter century. This is partly due to a once-unfathomable rise in domestic output.
Weiss Research Natural Resources Analyst Sean Brodrick expects the bull market for precious metals to run for "quite some time," with gold hitting $1,450 /oz. by year-end and silver at $25 not long after.
Companies with interests in the coal industry are being urged to participate in a R5.5 million, two-year initiative that will get moving early next year to draw up a plan for the industry's long-term development
Geothermal energy project and technology developer Raser Technologies wins contract in Indonesia and sets itself up to deliver early on a 10-megawatt power-purchase contract for Anaheim as the BLM and NFS finalize a new environmental impact assessment program for geothermal projects on federal lands.