Urban Fold

Oil Prices

While many California were protesting oil trains carrying the hazardous Bakken crude, a funny thing happened—they stopped coming. While protests may have delayed the construction of new oil terminals, economics is at the root of the slowdown.
Mar 13, 2015   The Sacramento Bee
Just as plummeting oil prices have caused state and federal political leaders to consider raising gas taxes, leaders in developing nations, both oil producers and consumers, are considering reductions in national energy subsidies.
Feb 5, 2015   The New York Times
While U.S. motorists are enjoying the cheapest gas prices in five years, domestic oil producers are suffering, though not as badly as oil-exporting nations like Iran, Russia, and Venezuela. How are Texas, Louisiana, North Dakota, and Alaska faring?
Dec 29, 2014   The New York Times
The high cost of drilling for oil in the Arctic, combined with the lowest oil prices in five years, have caused Chevron Corp. to drop their test well drilling program in Canada's Beaufort Sea.
Dec 19, 2014   The Wall Street Journal
Oil prices are at a five-year low with gasoline prices averaging $2.67 a gallon, lowest since February 2010. Furthermore, they are expected to drop another 17 cents to $2.50 a gallon in time for Christmas, so why not raise the gas tax by a nickel?
Dec 10, 2014   The Atlantic
American motorists are enjoying the lowest gasoline prices in five years because OPEC chose not to reduce oil output in the hopes that decreased oil prices will be lower than the cost needed to frack oil from shale.
Dec 2, 2014   Vox
It's not a foregone conclusion that President Obama would veto a bill expected in the Senate next week to allow the construction of the Keystone XL pipeline. But if it were to pass and Obama signs it, would it be built? CNBC investigates.
Nov 15, 2014   CNBC
The worthy foe is not environmental regulations nor the the government or public demanding fracking moratoriums and bans. It is the falling global price of oil. Two radio reports explore how the global glut of oil affects U.S. shale oil production.
Oct 16, 2014   NPR
Gas prices will drop due to surging U.S. oil production according to an U.S. Energy Dept. report. Another report from the International Energy Agency points to surging carbon dioxide emissions, not from oil but from coal burning, largely from China.
Jan 4, 2014   The New York Times - Energy & Environment
So much for the economic laws of supply and demand or "drilling our way" to cheap gas prices. It's not that simple when it comes to oil. Dan Strumpf explains what's behind the latest surge in oil prices. Oil markets and infrastructure play key roles.
Jul 22, 2013   The Wall Street Journal
New York Times economics writer and Nobel laureate Paul Krugman analyzes two major reasons for increasing oil drilling - reducing unemployment and lowering gas prices, and describes why it does neither.
Mar 20, 2012   The New York Times - The Opinion Pages