Oil companies have a secret. Or rather, there's a crucial fact that they'd prefer you didn't know. Right now it's taken as gospel that America needs increasing amounts of oil, and that drilling here in the U.S. will help provide it.

Higher oil prices mean recessions, recessions mean less consumption, then lower oil prices, which leads to less exploration and supply, which leads to higher oil prices and recession again.

Oil's meteoric rise since the start of the year to nearly $150 has distressed consumers and policy makers the world over, but the stark reality is pri...

This year, there was plenty of talk about reducing oil consumption, but let's face it: a lot of it was probably hot air. So it should come as no surpr...