HOUSTON (Reuters) - Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day - toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago.
Venezuela's president Nicolas Maduro has called for 10 other countries to adopt his planned oil-backed cryptocurrency, the petro. This move follows the country's parliament declaring the issuance of this new currency illegal.
The Trump administration unveiled a controversial proposal Thursday to permit drilling in most U.S. continental-shelf waters, including protected areas of the Arctic and the Atlantic, where oil and gas exploration is opposed by governors from New Jer
After lining up for an entire day to get a plane ticket to visit her relatives in the western city of Mérida, Josefina García did not know if she and her octogenarian mother were going to reach their final destination on time for Christmas.
(Natural News) While most know it as one of the scariest and most influential organizations on Earth, the World Bank is a tremendous force for good. At least, it's actively trying to be, as evidenced by its latest move to announce that it will be c
The Dec 8, 2017 weekly EIA oil production report was that US production was at 9.78 million barrels per day. The US may end December with 9.9 million barrels per day.
Oil from Canada's oil sands is now selling at a $27-per-barrel discount relative to WTI, the sharpest difference in more than four years.
The gradual acceptance of digital currencies, with major exchanges about to launch bitcoin futures trading, may prompt some oil producing nations to ditch the US dollar in crude trade in favor of cryptocurrencies, an oil analyst says.
As OPEC is set to celebrate the extension of the cartel's oil production cut for another year in Vienna, Venezuela former-oil minister and the former head of the now defaulted state energy company PDVSA have no reasons to celebrate following their ov
As Saudi Arabia spins from crisis to crisis, U.S. oil hasn't missed a beat. It's stronger and more resilient than ever– and it has nothing to do with OPEC oil production cuts.
In this follow up to Why Big Oil Conquered the World, James further explores the concept of technocracy. If "Data is the New Oil" then what does that tell us about the 21st century oligarchy and the world that they are creating? And, once we unde
In this scenario, time is running out for Saudi Arabia's free-spending royalty and state - and for all the other free-spending oil exporters.
Today James appears as a guest on The Hagmann Report to discuss How & Why Big Oil Conquered The World.
Overnight, following the recent Saudi turmoil, prices in the crude complex jumped to the highest levels in over two years, amid speculation that Saudi Arabia is more likely to back output curbs following this weekend's crackdown by Crown Prince Moh
Oil. The 19th century was transformed by it. The 20th century was shaped by it. And the 21st century is moving beyond it. But who gave birth to the oil industry?