Despite recent increases in the price of crude oil, energy prices are below last year's peak.
Natural gas is a cleaner fuel than coal and crude oil and is becoming increasingly important with governments across the world encouraging the production and use of natural gas over coal and crude oil for energy generation.
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Biofuels made from algae can be produced in a way that make this energy source cost-competitive with crude oil by increasing the amount of energy algae stores as fat, according to early research from VG Energy, an alternative energy and agricultural biotech company.
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Energy contracts of CME Group primarily consist of crude oil, natural gas, power and other energy-related exchange-traded contracts and over-the-counter contracts cleared through CME Group ClearPort.
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Elsewhere Wednesday morning, the Department of Energy released the crude oil inventories for the week ending Jan. 7, reporting that they are at the upper limit of the average range for this time of the year.
India, which faces a huge energy deficit and imports about 80% of its crude oil requirements, is scouting for hydrocarbon assets that can boost its energy security in the long term.
Currently, natural gas is about one-third the price of crude oil on a per unit energy basis.
Weighing on the downside were materials and energy stocks, as crude-oil prices slipped.
In my lifetime the major part of the energy scene will be crude-oil-based.
Because of that sharp price difference, the release of crude oil reserves by the International Energy Administration was the right move, he said.
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The oil-equivalent metric represents all forms of energy consumed, including crude oil, nuclear power, coal, natural gas and renewable sources such as hydropower.
Paul MacAvoy, economics professor emeritus at Yale University, explains that the rates pipeline companies can charge to move crude are capped by the Federal Energy Regulatory Commission.
The U.S. could be overflowing with energy resources such as crude oil and natural gas, but several barriers exist when it comes time to drill and transport the supply.
The truth is that counties in Nebraska have been reducing their tax rates due to income from the original Keystone pipeline (which by the way goes through the same aquifer as the proposed KXL) and unemployment is all but nonexistent in and around the Dakotas, thanks to the energy boom created by crude oil exploration there.
On the energy side of commodities, crude oil imports broke a record last month, too.
West Africa produced 5% of the world's crude oil in 2002, according to Energy Information Agency data.
The Energy Department reported Thursday that crude supplies in the U.S. grew by 4.1 million barrels last week.
Half of the MSCI BRIC stock exposure comes from energy and financials, but crude prices are sliding, and bank profits can be volatile.
Because of a technology boom, the U.S. Energy Information Administration predicts domestic crude oil production will be 7.1 million barrels a day in 2013 about a 10 percent increase over 2012.
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Weighing on the downside Tuesday were materials and energy stocks, as prices for crude oil and metals slipped.
Boe is the amount of energy contained in a barrel of crude oil.
Natural gas is considered to be a bridge fuel between crude oil and the clean hydrogen-based energy sources of the future.
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They called for more investment in the production and refining of crude oil, for more efficient use of energy and more work on alternatives to oil.
The study also points out that increases in ethanol production since 2007 have made little or no contribution to U.S. energy supplies or independence from foreign crude.
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High crude oil prices also put a floor under alternative energy sources and their producers.
The combined impact of declining supplies and raging energy demand has redefined the economics of crude oil.
Very often, energy firms will search for as much crude as they believe economically recoverable at the current or projected price of oil.
European Union countries accounted for 18 percent of Iranian crude oil sales in that period, the US Energy Information Administration (EIA) also said.
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