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Brent Oil

'I Hate That Oil's Dropping': Why Mississippi Governor Phil Bryant Wants High Oil Prices for Fracking

Steve Horn | Posted 01.25.2015 | Green
Steve Horn

Tuscaloosa Marine Shale's "little problem" reflects a big problem the oil and gas industry faces -- particularly smaller operators involved with hydraulic fracturing ("fracking") -- going forward.

Falling Oil Prices Put Producers Between a Rock and a Hard Place

Steve H. Hanke | Posted 12.13.2014 | World
Steve H. Hanke

Over the last few months, the price of Brent crude oil lost over 20 percent of its value, dropping below $90 just yesterday and hitting its lowest level in over two years. In consequence, oil producers will no longer be able to rely on oil revenues to pay their bills.

The Looming Economic Crisis, the Price of Oil, and Our Strategic Petroleum Reserve

Raymond J. Learsy | Posted 05.26.2011 | Business
Raymond J. Learsy

The looming economic crises caused by the massive jump in oil prices must certainly be classified a national emergency. But there is an easy way to avoid that -- as long as our leaders ignore the oil lobbyists.