OPEC

A decision earlier this month by a group of the world's largest oil exporters to drastically reduce oil production to stem the decline in oil prices could be a ‘tipping point’ for a global recession, says the International Energy Agency.

October 19, 2022 - The Hill

The purpose of the Strategic Petroleum Reserve is to maintain oil flow to refineries during national emergencies when oil supplies are disrupted. What national emergency prompted President Biden to order the release of 50 million barrels?

November 29, 2021 - CNBC

World Oil, an energy publication, slightly annotated a Bloomberg News article to expose the hypocrisy of the Biden administration: curtailing oil production at home while pushing to increase it abroad.

July 15, 2021 - Bloomberg Quint

During the CERAWeek conference held earlier in Houston, oil companies were not of one mind when it came to the future of their industry, with some saying transportation will be electrified while others maintained oil will continue to dominate.

March 22, 2019 - Houston Chronicle

The current U.S. record is 10 million barrels per day set in 1970. Last year averaged 9.2 million b/d. Experts believe that record will be reached this spring, if it hasn't already. Can Trump claim credit for the surging production?

January 6, 2018 - NPR

Gasoline consumption in the U.S. peaked in 2007, but began climbing in late 2014 with the decline in gas prices. Last year almost set a new record, but increases in gas prices, fuel efficiency and more EVs could reverse the direction—but when?

January 24, 2017 - Oil Price

Well, that didn't take long! Goodbye Obama Clean Action Plan and restrictive environmental regulations; hello shale oil and gas revolution.

January 22, 2017 - Planetizen

During the second presidential debate Democratic candidate Hillary Clinton claimed that the "U.S. was energy independent." Some in the media, including Politifact, were quick to report that claim as "false." And the news just got worse.

October 23, 2016 - Planetizen

Gas prices are on the rise, though they will remain well below 2014 levels through this year. U.S. oil production dropped by 600,000 barrels from last year, while gas consumption is on track to break the 2007 record thanks to cheap gas and more SUVs.

March 28, 2016 - The New York Times

Oil prices are now at a 12-year low. Prices have been very consistent this year: they have dropped every day. As they slide to going below $30 a barrel, service stations could be selling gasoline at $1 per gallon, a price not seen since 1999.

January 14, 2016 - The New York Times

The COP21 talks in Paris won't take on transportation directly, "the world’s fastest-growing energy-based contributor to greenhouse gases," writes David Jolly for The New York Times. Electric vehicles and fuel efficiency face formidable challenges.

December 9, 2015 - The New York Times - Energy & Environment

New figures from the Federal Highway Administration show no abatement in increasing vehicle miles traveled (VMT). While low oil prices have been beneficial for the environment on the production end, it is wreaking havoc on the consumption side.

November 8, 2015 - AASHTO Journal

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.

October 20, 2015 - Reuters

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.

February 12, 2015 - OPEC Says U.S. Motorists

It was considered a given by many analysts that global oil prices would only increase as world oil demand outstripped supply, so switching to percentage-based fuel taxes from per-gallon taxes made sense, until OPEC chose not to restrict their output.

January 19, 2015 - The Courier-Journal

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.

December 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.

October 16, 2014 - NPR

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.

November 15, 2013 - The New York Times - Energy & Environment

For all his intentions to help the poorest in his country, Hugo Chávez's handling of the golden goose - Venezuela's massive oil wealth, was badly mishandled during his reign. Output decreased, debt increased, and he left behind a polarized society.

March 11, 2013 - The Wall Street Journal

Half the oil in the Persian Gulf has been pumped out of the ground - so has 'peak oil' been reached? Notably, that term doesn't even appear in the article. Instead, it discusses the difference between light and heavy oil, and the role of technology

May 25, 2011 - The Wall Street Journal - Business