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The price of oil held near the lowest levels of the year on a quiet Friday ahead of the holiday weekend. Complete Story...
Oklahoma oil billionaire Harold Hamm didn't wait long to make a nearly $1 million donation to a group supporting Republican presidential candidate Mitt Romney after he became one of Romney's top energy advisers in March. Just weeks after Hamm joined the Romney campaign, he gave $985,000 to a pro-Romney super PAC, according to campaign reports.
Tom Metcalfe left Mississippi with his pickup truck, his tiny Chihuahua named Peanut and a trailer full of power washing equipment, with hopes of saving his cleaning company by moving it to North Dakota's prolific oil patch.
Oil bounced back Thursday, a day after falling below $90 per barrel for the first time in months.
The United States and other members of the Group of Eight industrial nations say they are ready to respond to oil supply disruptions as Iran faces sanctions aimed at crippling its oil exports.
An exploratory oil well off the northern coast of Cuba has proved a failure and will be capped and abandoned, Spanish company Repsol said Friday, a disappointment for a cash-strapped nation hoping for an economic lifeline.
On Friday crude oil prices fell ahead of a weekend meeting in which President Barack Obama and leaders of the world's biggest economies will search for ways to help Europe resolve its ongoing debt crisis. Here's how energy contracts traded.
North Dakota has passed Alaska to become the second-leading oil-producing state in the nation, trailing only Texas, state officials said Tuesday.
A former BP engineer charged with deleting text messages about the company's response to the 2010 oil spill in the Gulf of Mexico is asking for a federal judge's permission to travel freely throughout the U.S. while he is free on bond.
Oil prices hung below $93 a barrel Tuesday in Asia, holding gains from the previous day as crude followed global stock markets higher.
State oil and gas regulators are blaming mechanical failure for a natural gas well blowout in eastern Wyoming last month.
A wrecked Brazilian ship is trapped in ice and spilling fuel in Antarctica, with no hopes of containing the damage until the long South Pole winter eases next October.
Oil prices fell to near $94 a barrel Tuesday in Asia, extending a two-week sell-off that has brought crude to a five-month low amid concern about Europe's debt crisis.
The Canadian company trying to build the disputed Keystone XL pipeline in the U.S. submitted a new application for the project Friday after changing the route to avoid environmentally sensitive land in Nebraska.
The federal judge who will decide whether to approve a class-action settlement of claims against BP PLC has scheduled a January 2013 trial for other claims spawned by the deadly blowout of the company's deepwater well in the Gulf Mexico.
Oil prices hovered below $98 a barrel Tuesday in Asia as traders eyed signs of weak economic growth in the U.S. and Europe, which suggest crude demand will remain tepid.
Oil long has been king in Alaska, but the state's Republican governor is having trouble finding support for a tax break he believes is critical to ensuring it remains so.
A BP engineer intentionally deleted more than 300 text messages saying the company's efforts to control the Gulf of Mexico oil spill were failing, and that the amount of oil leaking was far more than what the company reported, the U.S. Justice Department said Tuesday.
Libya's oil minister says production is nearly back to its pre-war levels. It's now at 1.5 million barrels a day.
The price of natural gas jumped by nearly 5 percent Monday after government data showed that producers are making good on promises to cut supplies.
Drug crimes in eastern Montana have more than doubled. Assaults in Dickinson, N.D., have increased fivefold in just two years. And the once-sleepy town of Plentywood, Mont., has seen three assaults with weapons in the past few months — a prospect previously unheard of in the tiny community tucked against the Canada border.
Iran's oil minister on Thursday raised the prospect of more cutoffs in oil sales to the European Union if the bloc failed to show some flexibility toward Iran ahead of a second round of nuclear talks next month.
Big Oil's Big Money Pays Off As Republicans Tour Nation On Their BehalfEarlier this month, Rep. Kevin McCarthy (R-CA) founded the House Energy Action Team (HEAT), a "committed group of House members" dedicated to "promot[ing] Republican energy policies." Thirty-four members of Congress were recruited to the cause, dedicating their district work pe …
Oil\'dIn April 2010 a massive oil spill began in the Gulf. The entire country was glued to the news until the well was capped, and then we forgot about it.
Trump to Newsmax: I'm Mulling Own Super PAC to Defeat Obama. Wednesday, 23 May 2012 07:11 PM By Jim Meyers and John LeBoutillie. Billionaire businessman Donald Trump tells Newsmax he is seriously considering launching his own super PAC to produce anti-Obama ads showing how Washington is allowing outsiders to “absolutely suck the blood out of this country.”Trump sat down in New York on Wednesd …
Oil drops to $90 for first time in almost 7 months – USATODAY.comThe price of oil tumbled below $90 in U.S. trading on Wednesday for the first time in nearly seven months as U.S. supplies continue to grow. An oil pump working in the Persian Gulf desert field of Sakhir, Bahrain. Hasan Jamali, AP An oil pump working in the Persian Gulf dese …
Tensions continue to rise in the South China Sea. Two months ago there was a standoff between Phillipine and Chinese personnel in re a shoal of land surrounded by fishing rich waters both countries claim as their own. However, the conflict has been going on for much l …
Vodkapundit » Pay Up, SuckersLast week PJM Interconnection, the company that operates the electric grid for 13 states (Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia) held its 2015 capa …
S. China Sea Dispute Blamed Partly on Depleted Fish StocksOne of the central drivers of the South China Sea dispute is competition over mineral and fishing-rich areas. Bergmann says geologists believe the South China Sea contains enormous reserves of oil and natural gas, much of it in disputed areas. "Cumulatively, the South China S …
US Becomes Fastest-Growing Energy ProducerBig new discoveries of natural gas and domestic oil have made the U.S. the world’s fastest-growing energy producer – creating the promise of millions of jobs and the possibility of energy independence within two decades.According to USA Today, the output of the U.S. …
MY FAMILY’S ENEMY BY CHARLES L. EVANS We should have been celebrating last year as the land completed thirty years of giving its bounty in the East Texas Oil field. There were no reason to party and enjoy because we had been swindled from t …
Presenting: America's Energy Future In 28 Charts - Business Insider. by Rob Wile. 34 minutes ago.The American Petroleum Institute is the mega lobbying group for the country's oil and natural gas industry, just-released their annual Energy in Charts report. The group warns of the energy crunch that looms over the country in the next decade — the same ones we …
America's Future Under 'Drill, Baby, Drill'The promise of abundant oil jobs was dangled before us as an incentive—despite the fact that clean energy industries were some of the only sectors to show strong growth at the height of the Great Recession, and 3.1 million jobs in the United States were associated with th …
Resource-Rich Canada Looks to China for Growth By CHIP CUMMINS and ALISTAIR MACDONALD VANCOUVER—For almost a century, Canada's economy has been firmly tethered to its much larger southern neighbor. Now, Canadian officials and executives also are betting their future on China. Canada's economic reliance on the U.S. has …
Fact-checkers and Kochs' 'Big Oil' - Bob King - POLITICO.comThis article sheds a bit of light on the Koch Brothers and the nature of a couple the better political fact checking organizations around. I, for one, prize the latter even if does seem they ought to run a nitpick-o-meter beside their true-false measurement.
The Koch-Stone XL PipelineTwo pieces of crucial evidence emerged in the tar sands fight yesterday. One, happily, got all kinds of notice -- Jim Hansen's op-ed in the New York Timeswas the "most emailed" item of the day, which is appropriate since he explained new calculations showing that …
Weasel Zippers » Blog Archive » GAO: Recoverable Oil In Colorado, Utah, Wyoming “About Equal To Entire World's Proven Oil Reserves” Combined…And yet the Obama administration believes the future lies is in algae and exploding Chevy Volts.
Saudi Arabia Unveils $100 Billion Plan To Make Solar 'A Driver For Domestic Energy For Years To Come' Even the world’s largest producer of oil understands the value of developing renewable energy. A few months after Saudi Arabia’s oil minister called global warming “among humanity’s most pressing concerns,” the country is rolling out an ambitious …
The Price We Pay: Gas Is Down, Maybe For A While : NPRAfter spending much of the year on the rise, gas prices are now falling. The average price for a gallon of regular gas nationwide is $3.73, according to AAA. That's a drop of nearly 20 cents in one month, and industry analysts expect the price to keep falling. You can get in a …
Bernie Sanders introduces legislation to end $113 Billion in Fossil Fuel Subsidies (PDF)Eliminate royalty relief, including for deep gas and deep water production Ultra deep water research program repeal Uncap 75 million for spill liability and 350 million for pipeline clean-up for tar sands Eliminate enhanced oil recovery credit Eliminate marginal wells credit …
Hugo Chavez and the anti-fracking movementOne way to neutralize the U.S. is to hurt its ability to produce its own energy. Don't think it's not happening - it is, in a shockingly large variety of ways, by a number of enemies, ranging from China to self-described "stateless statesman" George Soros, whose loyalty is to …
Romney: Obama Takes Unfair Credit for Oil GainsThat's cause you drilled it yourself, right Mittens?? Mitt Romney, campaigning amid oil rigs dotting the landscape in Colorado, said President Barack Obama’s policies have hurt U.S. energy output and that regulation of hydraulic fracturing for natural gas should be left …
Discovery on fracking fuels anger in Wyoming » Abilene Reporter-NewsPavillion residents didn't hear about the finding before the public announcement, said John Fenton, chairman of Pavillion Area Concerned Citizens. Fenton said he was unhappy that regulators hadn't kept local residents fully apprised of the latest developments concerning their …
Many Oil Speculators Are Just Middle-Class Americans Looking For A Money-Making InvestmentAmid outrages like an $800,000-plus party scandal at the General Services Administration, the Secret Service prostitute scandal and a recent Medicare fraud bust that netted 107 people scamming Medicare out of $450 million, what does President Obama want to do? Why, spend $52 mi …
North Dakota's Boom Could Be America's Boom If The Democrats Would Get Behind Drilling While the nation staggers through a sluggish, jobless recovery, North Dakota has the lowest unemployment rate in the country at 3.3%. The jobless rate in Williston, the core of the state's oil patch, which is fed by the Bakken Formation, is impossibly low at less than 1%. The …
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