Drillers in Texas are flaring natural gas at record-high levels, according to a new report from Austin-based industry research firm Drillinginfo.
A thousand miles from the nearest ocean, the fertile black earth of North Dakota is being destroyed by saltwater, which is brought from beneath the surface by oil and gas drilling.
Former Shell Oil President John Hofmeister said on “Cavuto Coast to Coast” that “the volatility overall is going to be worrisome, particularly as global demand continues to grow.”
Iran’s foreign minister has said the United States will not be able to prevent the country from exporting oil.
The Trump administration’s plan to relax fuel-economy and vehicle pollution standards could be a boon to U.S. oil producers who’ve quietly lobbied for the measure.
The NRDC calculates that the change will have the net effect of reducing the average real world fuel economy of American automobiles by about 8 miles per gallon in 2025 relative to what it would be if Obama era standards were kept in place.
The Trump administration on Thursday unveiled its long-awaited proposal to dramatically weaken an Obama-era regulation designed to limit vehicle emissions, which contribute to climate change.
The Trump administration says people would drive more and be exposed to increased risk if their cars get better gas mileage, an argument intended to justify freezing Obama-era toughening of fuel standards.
Oil prices could spike as high as $200 per barrel over the next 18 months, which would cause an “economic crash of horrible proportions,” according to a new report.