Oil Production

A production-side approach to tackling climate change is the basis of new legislation by Sen. Jeff Merkley (D-Ore.). The "Keep it in the Ground Act" would prevent new drilling for any fossil fuel on federal lands or renewal of nonproductive leases.
Nov 11, 2015   Sen. Jeff Merkley Press Release
After TransCanada hit the "pause button," President Obama hit "reject." The seven-year saga has come to an end, announced President Obama in a noon White House statement to the press on Friday where he took no questions.
Nov 6, 2015   The White House
It's the best of both worlds for OPEC as cheap oil prices increase demand while high-cost rival oil producers are forced to close down wells according to an OPEC study released Oct. 12. And it was all planned.
Oct 20, 2015   Reuters
Oil prices plummeted 60 percent since last summer, yet American crude output will reach a record this year according to the Energy Information Administration's Fall Short-Term Energy Outlook. Gas prices will drop about 35 cents this year.
Jun 14, 2015   USA Today
An IEA report suggests that oil prices have bottomed-out, are now on the rebound, and that demand for OPEC's oil will start rising next year. OPEC predicts that U.S. oil consumption will increase after years of decline, thanks to U.S. motorists.
Feb 12, 2015   OPEC Says U.S. Motorists
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
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
The Wall Street Journal re-examines the doomsday scenarios of Peak Oil now that fracking has pushed oil production to record levels.
Sep 30, 2014   The Wall Street Journal
Alaskans agreed, but not by much, with Gov. Sean Parnell and not former Gov. Sarah Palin that oil companies needed to pay less taxes if they are to boost oil production. Voters rejected a tax referendum that was on Tuesday's ballot to repeal SB 21.
Aug 25, 2014   FOX News
Unlike Texas and N.D, Alaska's oil production peaked in 1988 and continues to decline. An upcoming referendum on oil taxes threatens to reduce energy investment. The North Slope pipeline is carrying such low oil volumes to endanger its safety.
Aug 14, 2014   The Wall Street Journal
Joe Eaton reports from Bainville, Montana, which is suffering the effects of the Bakken oil boom, although the majority of the Bakken wells, and its corresponding tax revenue, are in North Dakota.
Jul 12, 2014   National Geographic