Bloomberg News shares news of a report showing that the surge in shale oil production has made the United States the top oil and natural gas liquids producer in the first quarter of 2014 and discusses its impact on domestic and global oil prices.
5 days ago Bloomberg News
An energy policy developed during the 1983 Arab oil embargo is loosening thanks to an order by the Commerce Department, though not as much as oil companies would like. Will gas prices rise? No, they will fall, argues energy expert Daniel Yergin.
Jun 25, 2014 The Wall Street Journal
Yes, and that's a good thing, say opponents of lifting the 1975 ban on crude oil exports. Brad Plumer examines this argument and explains the two other chief reasons, the environment and refinery lobbying, to maintain the ban on exporting crude oil.
Jan 10, 2014 The Washington Post - Wonkblog
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
Harkening back to the long lines at gas stations that erupted after the 1973 Arab oil embargo, followed by diminishing oil production, US crude oil exports were prohibited. With production booming, energy czar Ernest Moniz may reconsider that policy.
Dec 17, 2013 The New York Times - Energy & Environment
With driving and oil consumption declining across many developed countries due to long-term structural shifts, Nick Butler sees reason to believe the world will soon reach peak oil demand.
Dec 16, 2013 The Financial Times
A milestone was reached last month in oil imports: For the first time in 18 years, the U.S. produced more oil than it imported thanks to fracking and reduced consumption. But according to a new IEA report, shale oil growth will peak within a decade.
Nov 15, 2013 The New York Times - Energy & Environment
Unable to find funding to repair roads damaged by the booming oil industry traffic, Texas will convert asphalt roads to gravel. Texas's gas tax is among the lowest in the nation.
Aug 26, 2013 The Texas Tribune
Mexico, the world's 9th largest oil producer and first to nationalize its oil production, has seen steep production declines as the state-owned oil company lacks capital resources and expertise. Constitutional reforms would entice private investment.
Aug 20, 2013 The New York Times - Global Business
Confirming an earlier Dept. of Energy report, the International Energy Agency's World Energy Outlook indicates not only that U.S. oil production will surpass Saudi Arabia's by 2020, but that it will be a net exporter by 2030 - thanks to fracking.
Nov 14, 2012 Bloomberg News