WTI

How Low Will Oil Prices Go?

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

Alberta Oil Sands

Shell Gives Another Early Christmas Gift to Environmentalists

Shell Oil surprised the environmental community in September by announcing an end to Arctic drilling. What could come next? Shell is abandoning plans for the Carmon Creek oil-sands project in Alberta and taking a $2 billion write-down.

November 2, 2015 - Bloomberg News

Record U.S. Oil Production Assures Low Gas Prices Through 2016

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.

June 14, 2015 - USA Today

Plummeting Oil Prices Bring Economic Challenges to U.S. Petro-States

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?

December 29, 2014 - The New York Times

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