Chris White The United States notched the country’s first month of exporting more petroleum products than it imported, according to newly released federal data. The news comes as Democratic presidential candidates campaign on nixing fossil fuels. The U.S. exported roughly 89,000 barrels of fossil fuels per day during September, according to data the Energy Information Administration (EIA)…
Michael Bastasch on August 28, 2018 California’s biggest source of crude oil imports is now Saudi Arabia with more than 98 million barrels in 2017. Environmentalists want Gov. Jerry Brown to stop issuing new oil and gas leases. However, that will only make California more reliant on foreign countries. There’s a growing call for California Gov….
LISTEN TO TLR’S LATEST PODCAST: By Andrew Follett American oil production from hydraulic fracturing, or fracking, will rise for the sixth consecutive month, government data revealed Monday. U.S oil production will rise to 5.4 million barrels per day by June and result in the highest levels of domestic oil production since May 2015, according to the U.S. Energy Information Administration’s drilling productivity report….
By Michael Bastasch The U.S. is projected to become “energy independent” within the next decade, according to government analysts, meaning President-elect Donald Trump could deliver on a major campaign promise. The U.S. is “projected to become a net energy exporter by 2026,” according to the Energy Information Administration’s (EIA) annual energy outlook, “but the transition…
By JP Carroll The embattled socialist government of Venezuela has sent out troops to fight anti-government protesters and justified it by claiming the U.S. could invade the country soon. Venezuela has been dealing with widespread protests since Wednesday, a response to Socialist President Nicolas Maduro’s rejection of 1.85 million signatures submitted by the conservative opposition to start the recall…
Andrew Follett The oil boom in North Dakota is slackening due to low prices, but the region isn’t close to going bust and still has tons of jobs, details a Sunday article in The New York Times. The shale boom has utterly changed North Dakota’s economy, making it the center of America’s rapidly growing oil industry…
Chris White Crude oil prices rose to $35 per barrel Thursday amid signs the Organization of the Petroleum Exporting Countries (OPEC) and Russia are considering working together to slow the world’s oil production. While the possibility of higher oil pries might mean more pain at the pump for consumers, the same cannot be said for…
By Michael Bastasch Published: December 4, 2014 It was only four years ago that economist and New York Times Columnist Paul Krugman sounded the alarm on peak oil, lamenting that high oil and commodity prices reflect the fact that we live in a “finite world.” But now oil prices are plummeting as U.S. oil production…