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Oil and Gas Drilling Raise Electricity Prices in West Texas

2014-09-04 01:01:00| Climate Ark Climate Change & Global Warming Newsfeed

Scientific American: In July 2012, Frontier Texas, an Old West museum located in Abilene, received an electric bill nearly $4,000 higher than expected. Oddly enough, the museum hadnt used an unusual amount of power that month. Rather, the cause of the high bill was the fact that Abilene lies in Texass western power trading zone, which happens to be home to the Permian Basin, the nations most prolific oil-producing region. How is oil development raising electricity prices in West Texas? It all has to do with congestion...

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Oil prices dip to nine-month low

2014-08-13 13:45:28| BBC News | Business | UK Edition

Global oil prices have fallen to their lowest level in nine months, despite fears that conflicts in Ukraine and Iraq would inflate prices.

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Oil prices drop towards $107 amid geopolitical tensions in Middle East, Africa and Europe

2014-07-29 01:00:00| Offshore Technology

Brent crude fell towards $107 a barrel today amid geopolitical tensions in the Middle East, Africa and Europe, which generated ample supply of crude.

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Todays oil prices drop as Gaza fighting abates

2014-07-28 01:00:00| Offshore Technology

Oil prices dropped today as Israel eased its assaults in Gaza, backing a 24-hour humanitarian truce, while experts believe that reductions are limited.

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Oil firms cut gas prices, hike kerosene prices

2014-07-21 11:15:52| Oil & Gas - Topix.net

MANILA, Philippines Several oil companies announced on Monday that it will be adjusting prices of their fuel products on Tuesday.

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