IEA Declares OPEC Has Accomplished Its Mission: Oil Is Now “Balanced”
OPEC is no doubt rejoicing in its accomplishment of raising the price of crude oil by restricting output, but that rejoicing is likely...
Energy
Saudi Arabia Once More Delays Plans to Sell Part of Its Oil Company
The crown prince of Saudi Arabia has big dreams for his oil empire, which...
Shocking Breakthrough: Scientists Say Cheap, Unlimited, Clean Energy Is on Horizon
The old quip about fusion is that it’s the energy of the future —...
Congress: Kremlin Used Green Propaganda to Undercut U.S. Energy
America's hostile foreign enemies and large swaths of the U.S. “environmental” movement have something...
U.S. Crude Oil Production Grows as OPEC’s Stagnates
The U.S. oil industry is only too happy to fill the void OPEC deliberately...
Crude Oil Prices Fall Below $60, Traders Expect $55 or Lower
The New American is not in the habit of making predictions, but these two...
Fracking Revolution Pushes U.S. Daily Crude Oil Production Over 10 Million Barrels
Fracking and the Rule of 72 are working in concert, driving the United States...
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...
Record Bullish Bets on Crude Oil Raising Red Flags
Oil traders' excessive bullishness should be a red flag, because production forecasts don't equate...
Trump’s Interior Secretary Proposes Selling Offshore Drilling Leases Starting in 2019
When President Trump’s Interior Secretary Ryan Zinke announced his agency will expand energy development...
Dakota Access Pipeline Fulfilling Its Promise
Fully operational since June, the Dakota Access Pipeline is lowering transportation costs, reducing tank car...
Obama Fracking Rule to be Overturned by BLM in January
Production from the Permian Basin, all by itself, is driving another nail into OPEC's...
Crude Oil Price Outlook: Back to the ’40s?
Oil at $45 a barrel next summer would drive gas prices below $2 a...
Opening ANWR to Energy Development May Be Too Late
Thanks to the fracking revolution, the opening up of ANWR to energy development is...
IEA: United States to Dominate World Energy Market Within Eight Years
According to the International Energy Agency, the growth of energy production in the United...
Aramco CEO Not Worried About American Frackers
Saudi Aramco CEO Armin Nasser said he isn’t at all worried about American frackers,...
EV Revolution to Drive Oil to $10 a Barrel, Says Forecaster
Economists predict that electric vehicles will be competitive with gasoline-powered cars in seven years,...
U.S. Natural Gas Exports to Add 500,000 Jobs, $73 Billion to Economy
The latest estimate from API, the energy trade group, is that increased exports of...
Latest Report: Crude Won’t See $60 a Barrel For at Least a Year
Despite OPEC's efforts to raise oil prices by cutting production, crude-oil prices are expected...
OPEC Asks U.S. Oil Industry to Join Its Cartel
The message from OPEC about American oil producers is clear: "If we can't beat...