Oil

Trump Administration Shelves Plan To Dramatically Expand Offshore Drilling

The Interior Department has put plans to open more offshore areas to oil and gas drilling on hold indefinitely, according…

7 years ago

Liz Warren Unveils Her Plan For Federal Lands: Ban Drilling, Make National Parks Free

Senator Elizabeth Warren pledged to ban new fossil fuel production on federal lands if elected president. Warren also said she’d…

7 years ago

Trump’s Latest Executive Action Could Alleviate A Huge Problem For The World’s Most Productive Oilfield

The Permian basin, now the world’s most productive oil and gas field, is booming — so much so that there’s…

7 years ago

One Question Remains As The US Moves Closer To Drilling In ANWR: How Much Oil Is There?

ANWR could hold massive amounts of oil and natural gas, but findings from the only well drilled in the refuge…

7 years ago

Colorado Democrats Pass Bill To Crack Down On A Pillar Of State’s Economy — Oil And Gas Drilling

Legislation is headed to Colorado Governor Jared Polis’ desk that would completely overhaul state permitting of oil and gas wells…

7 years ago

Climate Crusaders Are Wrong About Norway’s Oil Divestment Proposal

Climate crusaders celebrating Norway’s proposal to divest its sovereign wealth fund from oil and gas stocks should pause before popping…

7 years ago

Trump Warns Saudi Arabia: ‘Relax And Take It Easy’ With Oil Price Hikes

President Donald Trump told Saudi Arabia, Russia and their oil cartel partners to “take it easy” on efforts to tighten…

7 years ago

Oil Is Piling Up In Venezuela After Trump Slapped Sanctions On Maduro

Oil in Venezuela is piling up after U.S. President Donald Trump placed sanctions on President Nicolas Maduro’s regime to force…

7 years ago

US Oil Output Hits 12 Million Barrel-A-Day Milestone Way Ahead Of Schedule

U.S. crude oil production hit 12 million barrels per day in mid-February, according to the Energy Information Administration’s (EIA) latest…

7 years ago

US Oil Production On Track To Hit Another Milestone

The United States is forecasted to reach another milestone in oil output next month thanks to rising production in the…

7 years ago

Oil Discovery Could Make Small Country One Of The World’s Richest And It’s Not Ready For It

Another two major oil discoveries have been made off the shore of Guyana, all but assuring the impoverished South American…

7 years ago

New Data Show Big Oil On Verge Of Fulfilling One Of Trump’s Promises

Domestic oil production in the U.S. is expected to explode over the next decade as other energy producing countries struggle…

7 years ago

Experts: US Oil Boom Is Defying Expectations

The United States is expected to churn out far more oil this year than what international analysts originally forecasted. The…

7 years ago

Trump Administration Postpones ANWR Meetings As Lisa Murkowski Calls For Shutdown To End

The Trump administration postponed eight public meetings scheduled over plans to open the Arctic National Wildlife Refuge (ANWR) to oil…

7 years ago

2019 Rig Count Outlook Foreshadowed by Borrowing Base Cuts, Price Drops & Seasonal Dip in Rigs

The total U.S. rig count for December 2018 was 1,147, down 36 (-3%) from November 2018, and up 117 (+11%) from December 2017, according…

7 years ago