More Oil Articles

  • State: Oil counties tops in North Dakota wages

    BISMARCK, N.D. (AP) — Well-paying jobs in western North Dakota's oil-producing counties helped propel the state's average annual pay by 4 percent last year to almost $48,000, state data show, though the state still hovers slightly below the national average. "We're seeing a nice uptick and...

  • Nebraska refuses to disclose oil train records

    LINCOLN, Neb. (AP) — Nebraska officials have refused to disclose the details of crude oil shipments railroads haul through the state. The Nebraska Emergency Management Agency says it plans to keep the information railroads provided confidential. Officials say the information is proprietary and...

  • Is it time to drain the Strategic Petroleum Reserve?

    Bloomberg reported Monday that U.S. crude oil production hit 11 million barrels a day during the first quarter of this year, beating both Saudi Arabia and Russia.

  • Quebec remembers victims of oil train disaster

    LAC-MEGANTIC, Quebec (AP) — Crowds packed a church in the eastern Quebec town of Lac-Megantic Sunday to remember the 47 people who were killed there a year ago when a runaway oil train derailed and exploded, sending cataclysmic fireballs that obliterated a large swath of the downtown district....

  • Allowing crude oil exports will benefit Americans

    President Obama and his energy team are testing the waters on crude oil exports.

  • Crude oil futures slip as Iraq risks recede

    The price of oil slipped Thursday as the risk of supply disruptions in Iraq faded and key export terminals in Libya were expected to reopen. Benchmark U.S. crude for August delivery fell 42 cents to $104.06 a barrel on the New York Mercantile Exchange, its sixth day of declines. On Wednesday,...

  • Iraq's oil potential goes untapped

    Anxiety over the turmoil in Iraq disrupting oil output is easing as Iraqi forces push back against the Sunni extremist insurgency, but long-term fears remain that the instability could cause painful aftershocks -- especially if it scares off multinational oil companies that had begun investing in...

  • America's response to Iraq should begin with approving Keystone XL

    With the lightning advance of ISIS' jihadist army to the outskirts of Baghdad, Iraq is falling into chaos. The country's Shiites are mobilizing militias to fight the Sunni terrorists, while the nation faces a good possibility of some sort of Iranian intervention. Regardless of who ultimately...

  • Energy investments face a changing climate

    The opening bell has sounded for investors concerned about climate change.

  • Oil rises on US, China factory strength

    The price of oil edged up Wednesday on stronger manufacturing activity in the United States and China, the two biggest oil consumers. Benchmark U.S. crude for August delivery was up 8 cents to $105.42 per barrel at 0800 GMT in electronic trading on the New York Mercantile Exchange, breaking...

  • Government is why drilling permit approvals are slower than molasses, IG says

    In other shocking news: The federal government is impeding productivity. The Bureau of Land Management is taking its time to approve oil and gas drilling permits on federal and Indian lands, according to new report from the Department of the Interior's inspector general. Though federal law...

  • How Obama gave hope to supporters of oil exports

    The Commerce Department has made a quiet decision to allow a pair of companies to send abroad minimally processed, ultra-light oil known as condensate. The ban on oil exports was created to enhance U.S. energy security in the wake of the 1970s Arab oil embargo.

  • House takes up energy production bills this week

    The House this week will take up legislation that would speed up interstate pipeline projects, increase domestic oil production and expedite natural gas exports.

  • Has American fracking doomed Iraq?

    Iraq's new crisis has everyone, including energy guru Daniel Yergin, worried about what it's going to do to the price of oil. And certainly we've all been here before. War and chaos in the Middle East shuts down oil wells and closes pipelines and refineries; the world's oil supply dips and oil...

From the Weekly Standard