For the first time in years the U.S. is importing more oil than it produces
For the first time since January 2014, the U.S. imported more crude oil last week than it produced, thanks largely to a surge in OPEC supply.
Archive for month: August, 2016
EIA: Gasoline prices to fall below $2 a gallon later this year
U.S. gasoline prices are set to fall below $2 a gallon on average in October and stay there through the winter, government forecasters said this week.
Stricter air pollution standards could save thousands annually: study
If air pollution standards were tightened just a little bit, thousands of lives might be saved each year, a new study suggests.
As peat bogs burn, a climate threat rises
In discussions of how nature regulates carbon dioxide in the atmosphere, forests receive most of the attention for their ability to absorb and store carbon. But peatlands play an important role, too.
Militants blow up oil well in Iraq’s northern Kirkuk province
A group of gunmen blew up a bomb at the Bai Hassan oil field in Iraq’s northern province of Kirkuk on Wednesday, China’s news agency Xinhua reported, citing a provincial police chief
Climate scientists make a bold prediction about sea level rise
One of the great things about science is that it allows you to make predictions. Three top climate scientists just made a very bold prediction regarding sea level rise; we should know in a few years if they are correct.
Can a North Dakota oil town break the boom-bust cycle?
With gas prices having plummeted, the residents and leaders of Williston are left wondering if their city can turn short-term gains into long-term growth.
For oil companies, $110 billion debt wall looms over next 5 years
The worst may be yet to come for some strained oil services companies as $110 billion in debt, most of it junk rated, creeps closer to maturity.
OPEC ‘smoke and mirrors’ may be all it needs to boost oil
Just the whiff of an OPEC meeting has driven oil prices higher, squeezed shorts in the futures market — and made further inaction by the cartel more likely.
OPEC has set a meeting. Get ready to grab your wallet.
OPEC has cried wolf again, but there’s reason to believe that this time, the cartel is serious about constricting oil production. Which, of course, will send the price — and thus the price of gasoline — upward. And there’s nothing American drivers will be able to do about it.
