Oil

Environmentalists Go To Court To Kill Arctic Oil Drilling Plans

Five environmental groups filed a lawsuit in federal court Monday attempting to prevent oil companies from drilling in Arctic waters…

7 years ago

New Report Suggests Anti-Oil Activism Have Eliminated Nearly 800K Jobs Opportunities

Anti-fossil fuel activists have sucked tens of billions of dollars out of the U.S. economy and seriously crippled manufacturing jobs,…

7 years ago

DOI Discovers Largest US Oil And Gas Reserve Ever Found In New Mexico

New Mexico and West Texas are sitting on a bonanza of potentially recoverable oil and gas reserves in the Delaware…

7 years ago

‘What Winning Looks Like’: US Net Oil Imports Hit 40-Year Low

U.S. net oil imports were just above 4 million barrels per day during the last week of November, according to…

7 years ago

Canada Worries Trump Could Strike Back After Alberta Cut Oil Production

A former Alberta trade envoy to the U.S. worries President Donald Trump could retaliate against Canada after Alberta chose to…

7 years ago

US Oil And Gas Reserves Reached Record Highs In 2017

U.S. crude oil and natural gas reserves reached record highs in 2017, blowing passed levels not seen in nearly half…

7 years ago

Former Shell Oil President: Obama Had Nothing To Do With Increased Fuel Production

Former president of Shell Oil Company John Hofmeister said former President Barack Obama had nothing to do with America’s increased oil…

7 years ago

Skyrocketing Oil Production In Texas Causing Headaches For OPEC

Booming U.S. oil production is wreaking havoc on the Organization of the Petroleum Exporting Countries’ (OPEC) influence of the international…

7 years ago

US Oil Boom Cut $250 Billion From The Trade Deficit

A decade-long oil boom in the U.S. has cut into the overall U.S. trade deficit by hundreds of billions of…

7 years ago

Report: Oil Output On Federal Lands Hits Record During Trump’s Second Year

Oil production on federally managed lands during 2018 was the highest in at least 16 years, according to Department of…

7 years ago

Internal Report Reveals OPEC Is Concerned About Rising US Oil Production

Analysts with the Organization of Petroleum Exporting Countries (OPEC) are closely monitoring American output, warning members that rising U.S. production could…

7 years ago

Hurricane Michael Set To Wreak Havoc On Oil And Gas Production In The Gulf

Roughly 40 percent of oil production and 30 percent of natural gas production in the Gulf of Mexico shut down…

7 years ago

Trump Administration Rolls Back Obama-Era Offshore Drilling Regulation

The Trump administration rolled back another Obama-era regulation, rescinding a rule pertaining to the offshore drilling industry.

7 years ago

OPEC Believes US Shale Boom Won’t Last Long

OPEC predicts that competition with the U.S. will drop significantly in less than five years, allowing members of the world’s…

7 years ago

US Refineries Are Processing Record Levels Of Crude Oil To Keep Up With Demand

U.S. refineries are running at record levels to meet the high demand for gasoline and distillate fuel oil, according to…

7 years ago