WTI Crude

Loading...

Brent Crude

Loading...

Natural Gas

Loading...

Gasoline

Loading...

Heating Oil

Loading...

Alt Text

50% Of Proved Oil Reserves May Have Just Vanished

An extensive new scientific analysis…

Alt Text

The $2 Trillion Gamble That Saudi Arabia Cannot Win

Prince Muhammad Bin Salman laid…

  1. Home
  2. Latest Energy News

Energy Innovation Suffers as US Federal Government Shuts Down

As of 12 o’clock midnight on the 30th September 2013, the US federal government has officially shutdown due to Congress’s failure to pass a new budget for the coming fiscal year. Since 2012 the government has been running on a Continue Resolution, an extension of the previous budget, but this time a new decision was needed; and it wasn’t made.

Most people will concentrate on the political implications that this shutdown will lead to, but the fact is that it’s directly impacting on America’s overall capacity to drive global energy innovation. The short-term lack of a federal government means that many of the nation’s top energy innovation institutions and laboratories must scale down their operations, of completely shutdown.

Read the full article at: The Energy Collective


Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News