Energy - The New American

Trump Brokered Oil Agreement Using Rules From His “Art of the Deal”

After four days of intense virtual meetings and negotiations with leaders of the nations making up the OPEC cartel, plus Russia and Mexico,...

Bob Adelmann April 14, 2020

Massive Oil Discovery in Alaska to Provide More Supply as World Economy Recovers

Bob Adelmann April 13, 2020

Wednesday's announcement of a massive new oil find located next to the Trans-Alaska Pipeline on Alaska’s North Slope — reducing greatly the developer’s...

Crude Oil Prices Pop on Trump’s Tweet: Saudi Arabia and Russia To Cut Production

Bob Adelmann April 2, 2020

For the time being, expect crude oil prices to stay in the 20s and gas prices to continue to drop to well below...

Is Whiting Petroleum’s Bankruptcy a Harbinger?

Bob Adelmann April 1, 2020

Whiting Petroleum isn't the first energy company to go bankrupt in today's environment. It's just the largest. So far. ...

Trump to Top Off the Tank by Replenishing Oil Reserves While Prices Are Low

Bob Adelmann March 15, 2020

The move was viewed by analysts as a master stroke by the president. The overall message was one more example showing that the...

OPEC Cartel Failure Drops Oil Prices, Rattles Markets

Bob Adelmann March 9, 2020

The ending of the OPEC cartel's meeting in acrimony heralds a new day. Lower energy prices are an unalloyed benefit to consumers across...

Sanders’ Energy Plan: Nationalize Electricity Production, End Oil and Gas

R. Cort Kirkwood February 4, 2020

If you think Bernie Sanders’ plan to tear apart the healthcare industry and impose socialized medicine on 300 million Americans is a good...

Goldman Sachs Cuts Funding for ANWR Energy Exploration, Citing Environmental Concerns

Bob Adelmann December 17, 2019

On Sunday, mega-bank Goldman Sachs announced major restrictions on its loans to energy developers, especially those seeking to exploit the resources beneath the...