Energy - The New American

Fitch Knocks Saudi Arabia’s Credit Rating Down Another Notch

With low oil prices hurting Saudi Arabia's ability to pay off its welfare obligations, Fitch Ratings downgraded Saudi Arabia’s credit rating again on...

Bob Adelmann March 22, 2017

Saudi Arabia Losing Influence in Global Oil Markets

Bob Adelmann March 21, 2017

A self-imposed economic trap has sprung on OPEC-leading Saudi Arabia, making it apparent that American technology has for all practical purposes ended the...

Drop in Crude Oil Prices Threatens OPEC and Its Production Cut Deal

Bob Adelmann March 14, 2017

OPEC's epic failure to force oil prices higher will end its production cut agreement, and signal the end of the cartel itself. ...

Crude Oil Price Plummets, Catching OPEC by Surprise

Bob Adelmann March 9, 2017

With crude oil prices dropping despite OPEC's best efforts to raise prices, the day may already be here when oil sheiks can no...

Crude Oil Shortage in Three Years?

Bob Adelmann March 7, 2017

Predicting the future for crude oil prices is a hazardous business at best, as the folks at IEA will soon find out. ...

Coal Making a Comeback, Thanks to Trump

Bob Adelmann March 3, 2017

President Trump's aggressive, pro-energy agenda has helped launch a resurgence of the U.S. coal industry. ...

Saudi Arabia’s Troubles Mount: Public Sale of Part of Aramco Delayed

Bob Adelmann February 17, 2017

The Saudis announced in early 2016 that they would take their state-owned Saudi Aramco oil company public in 2017 or, at the latest,...

OPEC’s Influence Wanes as Members Cheat on Production Cuts

Bob Adelmann February 13, 2017

OPEC’s report on how its members are complying with the production-cut agreement hammered out last fall came out on Monday. As expected, it...

President Trump Signs Executive Actions to Revive Keystone and Dakota Access Pipeline Projects

Bob Adelmann January 24, 2017

Trump's executive actions on oil pipelines serve as a "high alert" to his people that getting these pipeline projects approved is a top...

Congress: Obama Fired Scientist to Advance “Climate” Agenda

Alex Newman December 22, 2016

The Obama administration fired a top scientist, intimidated other staff, censored important information from Congress for political reasons, and waged “a reckless and...

EIA’s Energy Forecast for 2017 Laced With “Uncertainty”

Bob Adelmann December 14, 2016

With so many moving parts, it's no wonder the U.S. Energy Information Administration can't forecast the future of oil and gas. ...

Obama Administration Pulls Previous Approval for Dakota Oil Pipeline

Bob Adelmann December 5, 2016

Radical environmentalists who are trying to stop the completion of a pipeline through North Dakota won a reprieve when the Army Corps of...

OPEC Agreement to Limit Production Boosts Crude Price 11 Percent

Bob Adelmann December 1, 2016

Standing at a distance, OPEC's agreement looks fragile at best, unenforceable at worst. Translation: Oil prices are likely to continue to decline over...