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US Oil

The Age of Fossil Fuels Is Ending, and It Changes Everything

Diane M. Francis | Posted 05.23.2016 | Business
Diane M. Francis

By 2030, the sun will begin to set on the Age of Oil as the economics and technology behind solar energy, battery technologies and distributed power are rapidly becoming the new Black Gold.

Non-Dollar Trading Is Killing the Petrodollar -- And the Foundation of U.S.-Saudi Policy in the Middle East

Alastair Crooke | Posted 02.01.2015 | World
Alastair Crooke

This new oil price drop simply is crushing producers' currencies in foreign exchange markets. The combination of the petrodollar losing its ability to act as a store of value, combined now with exchange rate blues, may be the straw that breaks the producer "camel's back" in respect to OPEC and dollar denomination. Such a moment would seem ripe for Russia and Iran to begin a gradual challenge to Saudi's leadership of the OPEC cartel and to the dollar-denominated energy system, if enough OPEC members and other producers are prepared to rebel. Iran has been lobbying hard in this direction.

Hello Fracking, Goodbye Saudis

Joergen Oerstroem Moeller | Posted 12.18.2014 | World
Joergen Oerstroem Moeller

Since the Shah of Iran's fall in 1979, the world of oil has been governed by a tacit American-Saudi Arabian understanding that keeps a firm grip on Middle East politics. There have been ups and downs, but the partners have never questioned the understanding -- until now. Fracking in the U.S. is fracturing U.S.-Saudi ties.

U.S. To Surpass Saudi Arabia As Top Oil Producer

Reuters | Alex Lawler, Ron Bousso and Peg Mackey | Posted 01.23.2014 | Green

LONDON, Nov 12 (Reuters) - The United States will stride past Saudi Arabia and Russia to become the world's top oil producer by 2016, the West's ener...

U.S. To Overtake Russia As World's Largest Oil Producer

Reuters | Posted 12.11.2013 | World

By Dmitry Zhdannikov LONDON, Oct 11 (Reuters) - The United States will become the world's largest oil producer next year - overtaking ...

How Big is Canada's Oil Subsidy to the U.S.?

Jeffrey Rubin | Posted 03.10.2013 | Business
Jeffrey Rubin

Before rushing ahead to double oil sands production -- and sending billions more in de facto energy subsidies to U.S. refiners -- Canadians may be better off if producers figure out how to capture more value from what they're already digging out of the ground.

Rick Perry: Obama's Delay On Keystone Pipeline Puts 'Soliders' Lives In Jeopardy'

The Huffington Post | Tyler Kingkade | Posted 11.15.2011 | Politics

Texas Gov. Rick Perry said Tuesday that President Barack Obama's move to delay a decision on the controversial Keystone XL pipeline puts American live...

When We Demand Cheap Gasoline, We Are Demanding Disaster

Johann Hari | Posted 05.26.2011 | Green
Johann Hari

When we demand our governments give us cheaper gas, we are -- usually unwittingly -- demanding they give more money to some of the worst dictators in the world, invade more countries, and ramp up global warming.

Catching Up With History

Gary Hart | Posted 05.25.2011 | Politics
Gary Hart

There is a good chance that we are entering a rare cycle of history in the Middle East, with autocracies giving way to fragile democracies that in turn will evolve into radical fundamentalist regimes.

The Relentless Pursuit of Extreme Energy: A New Oil Rush Endangers the Gulf of Mexico and the Planet

Michael T. Klare | Posted 05.25.2011 | Green
Michael T. Klare

Make no mistake: we're entering the danger zone. And brace yourself, the fate of the planet could be at stake.

Energy: What Americans Don't Know Can Hurt Us

Scott Bittle and Jean Johnson | Posted 05.25.2011 | Green
Scott Bittle and Jean Johnson

A lot of the political debate on energy is blowing right past most Americans.

U.S. Moves Ahead On Controversial Oil And Gas Leases On Public Land | Juliet Eilperin | Posted 05.25.2011 | Green

A decision by federal officials this week to press ahead with a controversial sale of oil and gas leases in eastern Utah is stoking the debate over ho...

The U.A.E. and the U.S.

Bill Chameides | Posted 05.25.2011 | Green
Bill Chameides

Even more surprising, the United States produces more oil than the U.A.E. -- 8 million barrels a day compared to the the U.A.E.'s 3 million.

Al Qaida Targets US Oil Interests In North Africa: Report

Reuters | Posted 05.25.2011 | Home

Al Qaeda's growing north Africa network plans to attack U.S. interests seeking control of the region's energy riches, its Algerian-based leader said i...

US To Saudis: Please Pump More Oil

CBS News | Posted 05.25.2011 | Business

U.S. Energy Secretary Samuel Bodman told Saudi Arabia's oil minister Saturday that OPEC should increase oil output. Bodman told reporters before his...