CNBC's Jackie DeAngelis reports on factors
pushing oil and gas prices lower.
Not exact matches
WASHINGTON (AP)-- Falling
gas and food costs
pushed down overall U.S. wholesale
prices last month, evidence that cheaper
oil worldwide is limiting inflation.
With Russia's government collecting nearly half of its revenue from taxes on its
oil and gas industry, Putin's ultimate motive in the Middle East could be to help
push oil prices up.
The urgency has ramped up as other countries have
pushed ahead to file their seabed claims under the treaty, as high energy
prices have propelled new plans to seek some of the huge deposits of
oil and natural
gas that geologists say are probably sitting up north,
and as tourists are heading north in fast - growing numbers.
Cheaper natural
gas has
pushed out older, less - efficient coal
and oil generation; however, the region's increasing overreliance on natural
gas will provide few additional emissions benefits
and increases risks of
price volatility or supply disruption.
Take a look at some of the bills the House GOP is
pushing: The «Lowering Gasoline
Prices to Fuel an America That Works Act of 2014,» HR 4899, prioritizes
oil and gas development over any other uses of America's public lands, be they conservation, hunting, hiking, wildlife habitat, or historic preservation.
«With the low
price of
oil and the very low natural
gas price you would think there would be some companies that would start to be
pushed to the wall
and a number of deals done.
On the list are all four large metro areas in Texas — Austin, Houston, Dallas
and San Antonio — where an
oil and gas boom has fueled job growth
and population growth,
pushing home
prices well above their sustainable levels.