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.

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

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.

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."

LOMA LA LATA, Argentina — In a desertlike stretch of scrub grass and red buttes, oil companies are punching holes in the ground in search of what mi...

If a mea culpa is in order, its roots can be found in the decision to underplay the demand side of the equation. Oil prices plunged to $40 a barrel after economic growth collapsed, taking global oil demand along for the ride. And that same movie is about to play out again.

From 24/7 Wall St.: As gas prices reach record highs across many parts of the country, Americans have been blaming oil companies. But as much as they ...

(Adds quotes, details) By Yereth Rosen ANCHORAGE (Reuters) - The chief executives of BP and ConocoPhillips, two of Ala...

NEW YORK — Exxon Mobil's quarterly profit rose 41 percent because the company sold oil and natural gas at higher prices, making up for lower pro...

As Libyan rebels celebrate the likely overthrow of Moammar Gaddafi's regime, nation's who once relied on Libya's oil exports may soon share their jubi...

VIENNA (Ramin Mostafavi and Alex Lawler) - OPEC producers on Wednesday hammered out a deal to raise oil supplies for the first time in four years...