Energy - The New American

U.S. Officially the World’s Largest Crude Oil Producer

Increasing production from the U.S. oil patch is having global ramifications. ...

Bob Adelmann November 5, 2018

Possible Release of Some U.S. Strategic Petroleum Reserves Sends Oil Prices Down

Bob Adelmann July 16, 2018

As several oil disruptions around the world are occurring, OPEC is close to maxing out its production, so prices have risen, but Trump...

EIA: U.S. Shortly to Become “the World’s Leading Producer of Crude Oil”

Bob Adelmann July 11, 2018

The U.S. Energy Information Administration (EIA) proclaimed on Tuesday that, if its forecasts are correct, the United States will soon be the world’s...

Crude Oil Price Rise in Wake of OPEC Agreement Likely to be Short-lived

Bob Adelmann June 24, 2018

Crude oil prices bounced higher on Friday, as OPEC failed to raise production as much as many feared. ...

Oil Ministers Gathering in Vienna for “Contentious” OPEC Meeting

Bob Adelmann June 20, 2018

Oil ministers from OPEC and non-OPEC producers are already gathering in Vienna, Austria, in advance of what is touted to be one of...

Latest Drop in Oil Prices Puts OPEC in a Bind

Bob Adelmann May 30, 2018

OPEC still thinks it has significance in "rebalancing" the world's oil market. U.S. energy producers, on the other hand, keep on producing, regardless....

Merrill Lynch Sees “Risk” of $100 Oil in 2019, Thanks to Iran Sanctions

Bob Adelmann May 11, 2018

Will there be $100 per barrel oil again soon? It's possible, but it would not be permanent. ...

Citigroup: U.S. Will Be World’s Largest Oil Exporter by Next Year

Bob Adelmann May 9, 2018

Citigroup announced last week that exports of crude and finished oil products from the United States would overtake Saudi Arabia’s by next year....

IEA Declares OPEC Has Accomplished Its Mission: Oil Is Now “Balanced”

Bob Adelmann April 23, 2018

OPEC is no doubt rejoicing in its accomplishment of raising the price of crude oil by restricting output, but that rejoicing is likely...

Saudi Arabia Once More Delays Plans to Sell Part of Its Oil Company

Bob Adelmann March 20, 2018

The crown prince of Saudi Arabia has big dreams for his oil empire, which all rely on being able to sell a portion...

Shocking Breakthrough: Scientists Say Cheap, Unlimited, Clean Energy Is on Horizon

Selwyn Duke March 15, 2018

The old quip about fusion is that it’s the energy of the future — and always will be. But this joke may now have...

Congress: Kremlin Used Green Propaganda to Undercut U.S. Energy

Alex Newman March 7, 2018

America's hostile foreign enemies and large swaths of the U.S. “environmental” movement have something in common — and according to a new congressional...