Energy - The New American

U.S. Oil Production Will Soon Overtake Saudi Arabia’s

U.S. crude oil production will soon overtake that of Saudi Arabia, thanks to George Mitchell finding how to extract oil and gas from...

Bob Adelmann January 22, 2018

Record Bullish Bets on Crude Oil Raising Red Flags

Bob Adelmann January 15, 2018

Oil traders' excessive bullishness should be a red flag, because production forecasts don't equate with near-term shortages. ...

Trump’s Interior Secretary Proposes Selling Offshore Drilling Leases Starting in 2019

Bob Adelmann January 5, 2018

When President Trump’s Interior Secretary Ryan Zinke announced his agency will expand energy development to include the United States' offshore reserves, myopic naysayers...

Dakota Access Pipeline Fulfilling Its Promise

Bob Adelmann January 1, 2018

Fully operational since June, the Dakota Access Pipeline is lowering transportation costs, reducing tank car usage, reducing environmental and population risk, improving South Dakota’s...

Obama Fracking Rule to be Overturned by BLM in January

Bob Adelmann December 28, 2017

Production from the Permian Basin, all by itself, is driving another nail into OPEC's coffin. ...

Crude Oil Price Outlook: Back to the ’40s?

Bob Adelmann December 26, 2017

Oil at $45 a barrel next summer would drive gas prices below $2 a gallon, again. ...

Opening ANWR to Energy Development May Be Too Late

Bob Adelmann December 20, 2017

Thanks to the fracking revolution, the opening up of ANWR to energy development is irrelevant. ...

IEA: United States to Dominate World Energy Market Within Eight Years

Bob Adelmann November 15, 2017

According to the International Energy Agency, the growth of energy production in the United States is expected to double in the next eight...

Aramco CEO Not Worried About American Frackers

Bob Adelmann October 26, 2017

Saudi Aramco CEO Armin Nasser said he isn’t at all worried about American frackers, since they are only going after easily accessible oil,...

EV Revolution to Drive Oil to $10 a Barrel, Says Forecaster

Bob Adelmann October 16, 2017

Economists predict that electric vehicles will be competitive with gasoline-powered cars in seven years, and this could drive oil prices down to $10...