Energy

Vincent Kessler | Reuters
A working oil pump is seen in Oberlauterbach, Eastern France, September 9, 2014.

Oil-related stocks dropped on Wednesday, following a big drop in crude prices the day before and as U.S. equity markets traded lower on new worries about Europe. However, the S&P 500 Energy Sector was down a little less than the broader S&P 500 Index on Wednesday. “There’s some hopeful analysis out there that the action …

What’s next for crude?

With oil prices tumbling, we turn to one expert who says to get out and stay away from oil related stocks.

Getty Images
File photo: Laid-off Enron employees outside Enron headquarters as the company collapsed in 2001

Anybody with even a cursory knowledge of energy markets can guess the biggest energy bankruptcy in history: That would be Enron, the former “energy trading” firm that used accounting fraud to achieve high share prices, media accolades, and small fortunes for a few key executives. But even aside from Enron, the energy industry has had …

Oil prices & the economy

With oil prices down more than $20 a barrel since the end of June, what is the impact of lower energy costs on the U.S. economy and for consumers?

Mario Anzuoni | Reuters
Vivint Solar technicians install solar panels on the roof of a house in Mission Viejo, Calif.

Pat Kennell’s motivation for installing sun power in his home is typical of the solar industry’s new customer: He did it to save money. The retired police officer from Stony Point, New York, said his cost of energy per kilowatt hour will go from 20 cents with the local utility company to 13 cents with …

Justin Solomon | CNBC

The prospect of a harsh northern hemisphere winter, an Organization of the Petroleum Exporting Countries (OPEC) supply cut and a volatile geopolitical picture may send oil prices back towards $100 a barrel, a CNBC survey of strategists and traders showed. Benchmark Brent crude oil – used to price two-thirds of oil globally – has entered a bear market, falling …

Residential solar heats up

Solar roof panels are popping up in neighborhoods from coast to coast as homeowners look to cut their utility bills and help the environment.

Source: Department of Energy | Flickr
Teams gather for the Department of Energy's Solar Decathlon competition.

Solar power could trump alternatives like fossil fuels, wind, hydro and nuclear to be the world’s largest source of electricity by 2050, according to a prominent energy watchdog. The International Energy Agency (IEA), which is best known for its monthly oil updates, published two reports on Monday detailing how greater use of solar energy could …

Pressure to export crude oil

A new report suggests that U.S. crude prices could tumble $30 below international prices, unless the nation begins exporting some of the product it’s producing.

Ahmad Al-Rubaye | AFP | Getty Images
Oilfield workers at a drilling platform near the Iraqi city of Badra, south of Baghdad.

Geopolitical tensions between Russia and the West and troubles in Middle East have dominated headlines all summer, but investors so far have managed to shrug off fears, with the market reaction remaining fairly contained. The Organisation of Petroleum Exporting Countries (OPEC) basket of 12 crude oils slid to $94.31 on Tuesday, the lowest level since …

Gas prices could hit a 4-year low

Gas prices this autumn are expected to be the lowest in four years.

Energy pressures stocks

The big driver sending the markets lower was a dip in energy stocks as the price of oil continued to decline.

Liu Jin | AFP | Getty Images
Workers tend to a drill well at an exploration site in the Longgang gas field in Lishan, in southwest China's Sichuan province.

Chinese demand for natural gas is going to increase hugely over the next 25 years, according to the U.S. Energy Information Administration, and American firms are probably going to benefit. According to an article from Oilprice.com, demand from China will triple by 2040, hitting 17.5 trillion cubic feet. But given that the country has had a hard time …

Brad Quick | CNBC
Tom Wheeler is a landowner in Ray, North Dakota, the heart of the state's oil-rich Bakken Basin, one of the world's largest shale formations.

From his driveway, Tom Wheeler’s view of North Dakota’s sprawling grasslands seems endless. Fields of soy, wheat and canola stretch to the horizon in all directions. But as drillers flock to the state to cash in on North Dakota’s booming shale play, that horizon has become increasingly marked by natural gas flares. Wheeler, 59, owns …

Adam Jeffery | CNBC
T. Boone Pickens

Oil and gas entrepreneur T. Boone Pickens thinks international oil prices will stay high indefinitely—over $100 a barrel—despite recent declines in the futures market. At the Investools 4th Annual Investor Education Conference in Dallas, Pickens reminded investors that OPEC’s largest producer, Saudi Arabia, needs oil prices to remain elevated in order to maintain its social spending programs; therefore, the Organization of …