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.
2011 has not been an easy year for many countries in the Middle East and North Africa. The combination of domestic unrest and external uncertainty has resulted in a marked downturn in economic activity, and this is expected to pick up only gradually.
A recent list from the AP reveals the top 20 oil-producing countries (in barrels per day), according to 2009 statistics by the U.S. Energy Information...
One day, a fruit and vegetable seller was arrested in Tunisia, sparking social unrest, and a few weeks later the government of Egypt was set to topple...
As mentioned before, the conventional wisdom on President Obama's decision to backtrack on his previous support for a moratorium on drilling is that h...
President Barack Obama, despite having previously supported a moratorium on offshore oil drilling during the 2008 presidential campaign, has announced...
Scroll down to watch video of President Obama arguing against offshore drilling during his 2008 presidential campaign.
(Washington/AP) Reversing a ba...
Israel has secretly accomplished more diplomatically in the past few months with its adversaries than anything that Condi Rice could have or would have brokered in years.
The economies of many big oil-exporting countries are growing so fast that their need for energy within their borders is crimping how much they can se...