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Oil Production

'Epic' Flooding Hinders Oil Operations on Alaska's North Slope

Alaska Dispatch News | Posted 05.22.2015 | Green
Alaska Dispatch News

Unprecedented flooding continues to interfere with daily operations on Alaska's North Slope oil patch after surging waters wiped away swaths of the Dalton Highway and isolated a section of Deadhorse, the jumping-off point for the sprawling industrial region.

Goldman Sachs Predicting $45 Oil By October

James Stafford | Posted 05.21.2015 | Business
James Stafford

Could oil prices be in for yet another decline? Oil prices have rebounded with surprising speed in recent weeks, with WTI prices bouncing by more than a third from March lows. There are good reasons for this.

Saudi Arabia Continues to Turn Screws on U.S. Shale

James Stafford | Posted 05.13.2015 | Business
James Stafford

As Saudi Arabia continues to ramp up production, taking market share away from U.S. shale producers, U.S. shale is being forced to cut back. This story has been told many times over the past few months, but the data is finally confirming the success of Saudi Arabia's strategy, albeit a minor one thus far.

Rise In Oklahoma Earthquakes Likely Triggered By Oil And Gas Production, Scientists Say

Reuters | CAREY GILLAM | Posted 04.21.2015 | Green

(Reuters) - Oklahoma geologists have documented strong links between increased seismic activity in the state and the injection into the ground of wast...

Latest EIA Predictions Should Be Taken With More Than a Pinch of Salt

James Stafford | Posted 06.16.2015 | Business
James Stafford

The EIA does offer a vital benchmark from which assumptions can be gleaned and estimates can be made, offering insight into the very opaque world of energy. But take predictions about the future with a huge grain of salt.

CNBC's Jim Cramer: Make Money, Don't Moralize

Timothy J. Barnett | Posted 02.21.2015 | Politics
Timothy J. Barnett

Once a nation turns its back on a resolute determination to cultivate moral deservedness, political and financial superintendency passes to those who gain power illegitimately--a fact described eloquently by President Theodore Roosevelt.

The Cheap Oil Curse

Robert Kuttner | Posted 01.30.2015 | Politics
Robert Kuttner

Remember "Peak Oil?" The world was running out of oil, prices would soon skyrocket, and we had better find other fuels. Well, that argument didn't work out so well for environmentalists, did it? As oil reserves and those of other carbon fuels became scarce and prices rose, the law of supply and demand kicked in. The industry invested the profits from those higher prices in new technologies, and the oil barons found even more destructive ways to extract oil and gas -- by exploiting the muck from tar sands, inventing hydro-fracking, and despoiling Third World sources. So now, oil is cheaper than it's been in years, about $66 a barrel. Regular unleaded gasoline can be had for well under $3 a gallon. One of the few things sustaining U.S. consumer purchasing power in the face of dismal wages is close to $100 billion saved in energy costs. OPEC's pricing power has been broken and the United States is about to surpass Saudi Arabia as the world's largest oil producer.

Why Manufacturers Should Support Ending Crude Oil Export Ban

Thomas J. Duesterberg | Posted 12.14.2014 | Business
Thomas J. Duesterberg

The largely unanticipated boom in oil production in the last five years has revived a debate over whether the United States should reverse the forty-year old ban on exports of crude oil.

Innovation Key to Climate Change Swerve

Carol Pierson Holding | Posted 11.04.2014 | Green
Carol Pierson Holding

Climate change economics have shifted practices in every industry, perhaps most notably in insurance, agriculture and the military. For the first time, most Americans are experiencing the kind of extreme weather that my classmate saw in subtropical Florida. Now, the ethics component is gaining widespread public acceptance too.

Andrew Perez

Rep. Don Young Says Oil Drilling Regulations Are A 'Hare-Brained Idea'

HuffingtonPost.com | Andrew Perez | Posted 05.21.2014 | Politics

WASHINGTON -- Rep. Don Young (R-Alaska) wants to know who's really behind the U.S. Fish and Wildlife Service's decision to consider new regulations on...

Peak Oil Is Dead

Michael T. Klare | Posted 03.11.2014 | Green
Michael T. Klare

Reservoirs of energy once considered inaccessible can be brought into production, and others once deemed exhausted can be returned to production; rather than being finite, the world's petroleum base now appears virtually inexhaustible.

Murkowski Urges Rethinking Of Decades-Old Ban

Reuters | Posted 03.09.2014 | Politics

By Valerie Volcovici WASHINGTON, Jan 7 (Reuters) - The top Republican on the Senate Energy Committee on Tuesday urged a review of a d...

Catastrophic Aggression From Fossil Fuel Producers

Carol Pierson Holding | Posted 02.03.2014 | Green
Carol Pierson Holding

It's hard to see the UN gaining any traction around proposed financial consequences for countries. But there are consequences for investor-owned companies. We know who those companies are, and now we know how much each is to blame.

New Technologies Drive Texas Oil Production to Old Heights

Robert L. Cavnar | Posted 09.11.2013 | Business
Robert L. Cavnar

Texas has been known for decades as the oil state, accompanied by the quintessential stereotype of oilman as a big, loud buffoon, wearing boots and a ...

Is Canada's Oil Charm Offensive Yesterday's News?

Daniel J. Graeber | Posted 09.15.2013 | Business
Daniel J. Graeber

The mid-term outlook for even marginal players in Canadian oil sands looks optimistic. The energy tides may be shifting, however, suggesting that while production may gain steam, Canada's heavy reliance on heavy crude may run off the rail.

BP: American Oil Production Surged In 2012

AP | DANICA KIRKA | Posted 08.12.2013 | Business

LONDON — Global demand for oil, gas, coal and nuclear power grew at a slower pace last year due to weak economic growth, recession and increased...

Awash in Misinformation: America's Domestic Tight Oil 'Bump'

Daniel Davis | Posted 05.22.2013 | Business
Daniel Davis

The idea of oil "independence" understandably appeals to Americans. But at some point America's leaders must recognize the physical evidence indicates the alleged "energy revolution" is likely to be merely a relatively short-term bump.

U.S. To Become World's Largest Oil Producer

AP | PABLO GORONDI | Posted 01.12.2013 | Business

The United States will become the world's largest oil producer by around 2020, temporarily overtaking Saudi Arabia, as new exploration technologies he...

U.S. Poised To Become World's Top Oil Producer

AP | JONATHAN FAHEY | Posted 12.23.2012 | World

NEW YORK -- U.S. oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world's biggest producer. Driven by hig...

Oil Markets Losing Lustre

Daniel J. Graeber | Posted 11.28.2012 | Business
Daniel J. Graeber

A U.S. energy trade group said the petroleum market in the country was hit by slumping demand. Total petroleum deliveries for August were at their lowest level for the month in 15 years and domestic oil production followed similar trends.

Energy Markets Being Driven by Fear

Daniel J. Graeber | Posted 10.24.2012 | Green
Daniel J. Graeber

A lackluster economic recovery, coupled with cautious consumer sentiment, is keeping demand for petroleum products suppressed.

The State Of U.S. Oil Production, Addiction

Posted 10.20.2012 | Politics

Since mid-2009, more than 1,100 new oil rigs have begun pumping in the United States, or about one new rig per day. Even though domestic oil productio...

Data Shows Promising Signs For U.S. Oil Production

Posted 08.08.2012 | Politics

The United States is a net exporter of fuel for the first time since 1949. In 2011, for the first time in 62 years, we exported more refined gas, dies...

Why Falling Oil Prices Are a Good Buying Opportunity -- An Interview With Jim Rogers

James Burgess | Posted 09.11.2012 | Green
James Burgess

Falling oil and gas prices may offer some respite to consumers, but are they enough to help the economy or are they a symptom of deeper problems?

Harvard's Amazing Study Questions Today's High Oil Prices

Raymond J. Learsy | Posted 08.27.2012 | Business
Raymond J. Learsy

Read this paper and understand how the oil nabobs have brainwashed us all to the adherence of this gross fallacy, holding us to that "still deep-rooted belief that oil is about to become a scarce commodity."