The average price of gas is below $2 per gallon in more than half of the United States, but prices at California pumps are creeping higher due to maintenance issues at refineries across the Golden State.
Facing an anticipated denial from the Obama administration, TransCanada has asked to suspend any further action on its permit for its cross-border Keystone XL pipeline.
From fewer than 50 barrels a day in 2009 to 400 barrels today, fracking technology has advanced at a pace that has doubled oil well production every 2 years. That pace of productivity improvement is almost identical to the computer industry’s Moore’s Law, which expects the speed of processing chip to double every 2 years.
