The United States’ first offshore wind farm is going to cost about $17,600 per home it will power and do little to reduce either electric rates or carbon emissions.

Saudi Arabia’s Energy Minister Khalid al-Falih said Monday that OPEC will likely agree on production cuts and that crude oil prices could hit $60 a barrel by the end of the year.

Wednesday’s announcement from OPEC about an agreement to cut production to shore up crude oil prices was met with both delight and scorn by observers.

A new oil find by the Apache Corporation is exacerbating the failure of OPEC's strategy to flood the market in order to drive out American oil producers, and is a "surprise" to members of the cartel. 

A "head fake" in oil has driven the price of crude above $50 a barrel. 

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