Oil Production

pallets of green oil barrels stacked

Whatever Happened to Peak Oil?

The Wall Street Journal re-examines the doomsday scenarios of Peak Oil now that fracking has pushed oil production to record levels.

September 30, 2014 - The Wall Street Journal

Alaska Voters Reject Higher Taxes on Oil Companies

Alaskans agreed, but not by much, with Gov. Sean Parnell and not former Gov. Sarah Palin that oil companies needed to pay less taxes if they are to boost oil production. Voters rejected a tax referendum that was on Tuesday's ballot to repeal SB 21.

August 25, 2014 - FOX News

America's Energy Bust

Unlike Texas and N.D, Alaska's oil production peaked in 1988 and continues to decline. An upcoming referendum on oil taxes threatens to reduce energy investment. The North Slope pipeline is carrying such low oil volumes to endanger its safety.

August 14, 2014 - The Wall Street Journal

Bakken Oil Boom Straining Rural Communities

Joe Eaton reports from Bainville, Montana, which is suffering the effects of the Bakken oil boom, although the majority of the Bakken wells, and its corresponding tax revenue, are in North Dakota.

July 12, 2014 - National Geographic

United States Overtakes Saudi Arabia as World's #1 Oil Producer

Bloomberg News shares news of a report showing that the surge in shale oil production has made the United States the top oil and natural gas liquids producer in the first quarter of 2014 and discusses its impact on domestic and global oil prices.

July 7, 2014 - Bloomberg News

President Obama OKs Initial Crude Oil Export

An energy policy developed during the 1983 Arab oil embargo is loosening thanks to an order by the Commerce Department, though not as much as oil companies would like. Will gas prices rise? No, they will fall, argues energy expert Daniel Yergin.

June 25, 2014 - The Wall Street Journal

Is the Ban on U.S. Oil Exports Suppressing Gasoline Prices?

Yes, and that's a good thing, say opponents of lifting the 1975 ban on crude oil exports. Brad Plumer examines this argument and explains the two other chief reasons, the environment and refinery lobbying, to maintain the ban on exporting crude oil.

January 10, 2014 - The Washington Post - Wonkblog

U.S. Oil Boom to Reduce World Prices While Global Coal Consumption Surges

Gas prices will drop due to surging U.S. oil production according to an U.S. Energy Dept. report. Another report from the International Energy Agency points to surging carbon dioxide emissions, not from oil but from coal burning, largely from China.

January 4, 2014 - The New York Times - Energy & Environment

Energy Boom Warrants Rethinking 1970's Energy Policies

Harkening back to the long lines at gas stations that erupted after the 1973 Arab oil embargo, followed by diminishing oil production, US crude oil exports were prohibited. With production booming, energy czar Ernest Moniz may reconsider that policy.

December 17, 2013 - The New York Times - Energy & Environment

Is Peak Oil Demand In Sight?

With driving and oil consumption declining across many developed countries due to long-term structural shifts, Nick Butler sees reason to believe the world will soon reach peak oil demand.

December 16, 2013 - The Financial Times

Record U.S. Oil Production, but How Long Will it Last?

A milestone was reached last month in oil imports: For the first time in 18 years, the U.S. produced more oil than it imported thanks to fracking and reduced consumption. But according to a new IEA report, shale oil growth will peak within a decade.

November 15, 2013 - The New York Times - Energy & Environment

Texas State Capitol building

Lacking Funds for Repair, Texas Unpaves its Roads

Unable to find funding to repair roads damaged by the booming oil industry traffic, Texas will convert asphalt roads to gravel. Texas's gas tax is among the lowest in the nation.

August 26, 2013 - The Texas Tribune

Proposed Energy Reforms in Mexico Could Reverse Oil Production Decline

Mexico, the world's 9th largest oil producer and first to nationalize its oil production, has seen steep production declines as the state-owned oil company lacks capital resources and expertise. Constitutional reforms would entice private investment.

August 20, 2013 - The New York Times - Global Business

Peak Oil? 'Far Too Much' Oil to Prevent Severe Climate Change

Confirming an earlier Dept. of Energy report, the International Energy Agency's World Energy Outlook indicates not only that U.S. oil production will surpass Saudi Arabia's by 2020, but that it will be a net exporter by 2030 - thanks to fracking.

November 14, 2012 - Bloomberg News

Saudi Oil Minister Warns Against Moving Quickly to Alternative Energies

In a speech in Houston on Tuesday, Saudi Arabia Oil Minister Ali al-Naimi expressed concern that too much emphasis on alternative energies would mean lack of funding for oil investments.

February 12, 2009 - International Business Times

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