Michigan environmentalist Democrat Gary Peters refuses to sell the thousands he has reaped in profits from a Big Oil investment tied to an alleged pollutant.
The cheapest crude oil price so far this year has brought prices at gasoline pumps down across the country, according to Bloomberg.
Gas prices in the United States may be high, but they would be downright obscene without the current oil glut produced by shale oil extracted through hydraulic fracturing.
A federal watchdog on Tuesday faulted the Department of Interior for delays in permitting for oil and gas extraction on federal land.
The state at the center of the American shale oil boom hit a huge milestone in April: for the first time, North Dakota produced an average 1 million barrels of oil per day.
Iran exported crude oil at a 20-month record high, Israel Hayom reports. The exports have far-exceeded the 1-million barrel-per-day cap set by Western nations.
(Reuters) – A U.S. government office has the power to approve exports of an abundant type of petroleum and help energy companies begin to partially bypass a 40-year ban on crude exports, according to a report released on Tuesday by Lisa Murkowski, the top Republican on the Senate Energy and Natural Resources Committee.
The U.S. metro area with the lowest unemployment rate is a shale oil boomtown. The one with the highest unemployment rate houses the world’s largest solar plant.
Free market groups are pushing for the federal government to cease financial support for Russian companies in light of the country’s continued occupation of Crimea.