2010 energy trends offer insight into 2011

There were a number of major energy stories in 2010. From the oil spill in the Gulf of Mexico to the continuing emergence of shale in North America and beyond, from the escalating price of oil to increased spending in the renewable energy sector -- the energy industry is certainly heating up.

2010 Energy News of the Year

1. While the oil spill was tragic news and the subsequent drilling moratorium has resulted in thousands of lost jobs, an ever-increased focus on health, safety and environment (HSE) is definitely a good thing. While HSE has always been a priority for the industry, companies have been striving to renew that commitment.

2. Across the US and abroad, shale solidified its place in the "hot topic" category. From the Marcellus to the Eagle Ford, increased drilling rig numbers, billions in JVs and A&Ds spotted the headlines throughout 2010, and are likely to continue to do so in 2011.

3. The rising price of oil is on everyone's mind in the energy industry. After increasing some 15 percent in 2010, the price of oil is positioned to hit $100 in 2011 and possibly climb higher.

4. The US administration's renewable energy loan guarantee program has helped to spur a wave of new projects across the nation in both renewable energy and grid updates.

Other stories that topped the charts:

Drilling in frontier regions caught the eye of many readers -- whether the Falklands or Greenland. Also, a top story for the power side was the potential for mini nuclear plants. Smart grid always nets readers, as well as regulatory news.

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Phaedra Friend Troy is the content director for PennEnergy.com, an all-energy website that provides oil and gas, power and infrastructure news, analysis, reports and more. Sign up for a free daily enewsletter today.