Underneath the glaciers polar bears patrol along Alaska’s North Slope, the decayed bodies of their ancestors who trod there eons ago have left trillions of cubic feet of natural gas, an energy bonanza for the modern wor
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Higher prices are good news for the oil industry — to a point. But they can bite, too.
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(Bloomberg) -- A key Saudi oil pipeline to the Red Sea was hit in a drone attack hours after a ceasefire in the war in the Middle East, according to a person familiar with the matter.
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hite House Press Secretary Karoline Leavitt on Wednesday disputed reports that Iran had closed the Strait of Hormuz hours into a fragile ceasefire with the U.S., but said any effort by Iran to stop maritime traffic would be “completely unacceptable.” Leavitt addressed reporters soon after Iranian state media…
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NEW YORK (AP) — Oil prices plunged below $95 per barrel, and stock markets surged worldwide Wednesday after President Donald Trump pulled back from his threat to force a “whole civilization” to die in the war with Iran.
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MINNEAPOLIS (FOX 9) - Bob Frenzel, the CEO of Xcel Energy, calls electricity "the most consequential product I think man has ever made."
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The U.S. and Iran agreed to a two-week ceasefire Tuesday night — with a commitment to open the Strait of Hormuz — and oil prices plunged, the biggest one-day fall for Brent crude since the 1991 Gulf War.
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The U.S. has agreed to a two-week ceasefire with Iran proposed by Pakistan, President Trump said Tuesday night.
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President Trump posted a message telling European allies to “build up some delayed courage, go to the Strait, and just TAKE IT,” adding: “Iran has been, essentially, decimated. The hard part is done. Go get your own oil!”
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The session, organized in cooperation with the U.S. State Department, highlighted America’s role in oil, gas, coal, and nuclear energy production, and what that posture means for U.S. power and global energy markets.
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