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Oil Production

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."

Gas Prices May Drop Dramatically By Fall, Analysts Say

The Huffington Post | Alicia Ciccone | Posted 06.22.2012 | Money

Have drivers seen the worst? Analysts say the latest oil prices indicate that gas prices may settle below $3 by the fall. With gas prices down 6 p...

House Passes Pro-Oil, Anti-EPA GOP Energy Bill

AP | MATTHEW DALY | Posted 08.21.2012 | Politics

WASHINGTON -- The House approved a bill Thursday aimed at expanding domestic oil drilling and reining in what Republicans call excessive regulations b...

North And South America Could Become Major Oil Players

The Washington Post | JUAN FORERO | Posted 05.26.2012 | Business

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...

Whatever Happened to $200 Oil?

Jeffrey Rubin | Posted 07.23.2012 | Business
Jeffrey Rubin

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.

Small Town Mayor To Locals: Get Outta Town

The Huffington Post | Alexander Eichler | Posted 04.25.2012 | Money

How high are gas prices in New Lenox, Ill.? They're so high, the mayor is sending people out of town to fill up their tanks. At one New Lenox st...

Bachmann Defends 'Tar Baby' Charge

AP | Posted 04.19.2012 | Politics

MINNEAPOLIS -- A spokeswoman says U.S. Rep. Michele Bachmann wasn't referring to race when she used the term "tar baby" to attack President Barack Oba...

Bachmann: Obama 'Waving A Tar Baby In The Air'

Posted 04.19.2012 | Politics

Rep. Michele Bachmann (R-Minn.) attacked President Barack Obama's proposal to curb oil speculation amid high energy prices as "waving a tar baby in th...

Energy and Earthquakes: A Whole Lot of Shaking Going On

Bill Chameides | Posted 06.13.2012 | Green
Bill Chameides

Could it be that the increase in earthquakes is specifically tied to the growing practice of using hydraulic fracturing (fracking) to release oil and gas from shale and other tight formations?

U.S. States With The Most Oil

24/7 Wall St. | Charles B. Stockdale | Posted 04.06.2012 | Business

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 ...

Shale Oil "Flaring" Is Dirty Secret of U.S. Oil Boom

Mindy S. Lubber | Posted 05.29.2012 | Green
Mindy S. Lubber

My question in response would be this: Given business, reputational, environmental and other risks, can't the industry figure out a way to successfully capture this perfectly usable gas at a profit?