oil

A deadly clash has broken out along the oil-rich border of Armenia and Azerbaijan. The skirmish has claimed the lives of both military personnel as well as civilians. According to Reuters, at least a dozen people have been killed in the fighting. The area sits along the Nagorno-Karabakh border, which is internationally recognized as part […]

TC Energy, a Canadian natural gas company, announced on Tuesday, March 31, that it will move forward with the Keystone XL pipeline according to the Associated Press. Construction of the oil sands pipeline, which cuts across the Midwest, is currently slated for April. The controversial pipeline is heavily opposed by environmentalists and some Native American […]

On Friday, Donald Trump made a claim about the conflict in Syria that baffled foreign policy and energy industry experts, according to a Bloomberg News report. Trump told reporters that the United States had “taken control of the oil in the Middle East.” A video posted online this week, however, shows Russian mercenaries in control […]

Bloomberg reports that the Trump administration is pushing its offshore oil expansion plans until after the 2020 election. According to two unknown sources, the decision is in response to opposition from coastal Republications in the southeast U.S. and a legal defeat. While the plan aims to expand oil drilling into the Atlantic, Arctic, and Pacific […]

When the disappearance of American resident Jamal Khashoggi became public, officials in Turkey came forward to present information they learned through their own investigation. Khashoggi, a journalist who was outspoken against the current Saudi royal ruling family, walked into the Saudi consulate in Turkey on October 2. It was the last time he was seen […]

And the plot thickens. Donald Trump has taken a firm pro-Saudi stance in the wake of the disappearance and presumed death of American resident Jamal Khashoggi, a Saudi journalist who was vocally critical of the Saudi ruling royal family. That royal family also has close ties to the Trumps by virtue of Jared Kushner, Ivanka’s […]

According to NPR, Haiti’s Prime Minister, Jack Guy Lafontant, resigned Saturday amid the nation’s protests over the recent oil price hike. Haitian President Jovenel Moïse tweeted his acceptance of Lafontant’s resignation, adding that he will begin searching for a new prime minister. “I take this opportunity to thank Mr. Lafontant,” Moise tweeted, “and the members […]

Iran has issued out a warning to the Organization of the Petroleum Exporting Countries (OPEC) members to “refrain from any unilateral measures” to increase oil production, following Donald Trump’s tweet about Saudi Arabia increasing its oil production to two million barrels, USA Today reports. Donald Trump pulled the U.S. from the Iran deal in May […]

The world’s leading oil and finance executives gathered at the Vatican for a two-day conference about ways to make the change to clean energy across the globe. Pope Francis, an outspoken advocate for taking action against climate change and for fighting poverty, took advantage of his captive audience of about 50 people by telling them […]

Gas prices will be going up this summer, possibly by as much as 14 percent or higher, CNN Money is reporting. That means that Americans, on average, can expect to pay an average of $2.74 per gallon — or more in some parts of the country. Gas prices can be expected to go up every […]

Several environmental groups filed a single lawsuit against the Trump administration on Thursday in response to the president’s decision to approve construction of the controversial Keystone XL pipeline. The six groups said in their federal complaint that Donald Trump relied on outdated information when he gave the U.S. State Department the okay to grant a […]

Canada’s Trans Mountain pipeline, a key component in transporting oil from Alberta to the coast in British Columbia since 1953, is set to double in carrying capacity thanks to a decision from the Canadian government to proceed with a proposed expansion. The pipeline decision was originally scheduled for later in December, but Prime Minister Justin […]

Following threats issued by the incoming U.S. President Donald Trump during the election campaign that if he is elected as president, his administration would block oil imports from Saudi Arabia, the world’s largest oil exporter has warned Trump to consider his policies carefully before taking drastic action because of possible consequences to the U.S. and […]

Hillary Clinton has done many evil things that we know of, and probably still other evil things that we’ve yet to learn about, but her support of the Iraq invasion alone proves her unfit for the presidency. Let’s take a little wander through recent history. This Time article from the end of the year 2000 […]

There has been growing interest over the oil pipeline protest in North Dakota over the last several weeks, to the point where the Obama administration had to jump in, ordering a halt to the pipeline’s construction and requesting that the company consider the view of the native tribes in the area, who are playing a […]

History has been made. A landmark for feminist achievement around the world. Trump is actively sabotaging his own campaign, and at long last the world’s highest political office will in all probability be held by a woman. A woman who has dedicated her entire political life to propping up the sickest aspects of masculine dominance […]

The very existence of two West Texas towns is being threatened by two giant sinkholes that continue to expand, and other holes that are starting to form, as the ground under their very feet dissolves away. The citizens of Wink and nearby Kermit have become used to the giant sinkholes in their towns; but, now, […]

Over 20 European and Asian-owned supertankers are shipping crude oil from Iran. According to data gathered by Reuters, at least 21 foreign tankers are buying cargo from Iran with the capacity to ship around 25 million barrels of oil. The move is met with mixed feelings by many. Dynacom Tankers Manager, Odysseus Valatsas said, “Charterers […]

Oil drilling and exploration efforts in U.S. Arctic waters have ground to a halt, as some of the biggest oil companies in the world relinquished their leases in the area earlier this month. Drilling rights worth more than $2.5 billion were dropped by companies like Royal Dutch Shell and ConocoPhillips just ahead of the May […]

The perfect credit rating of ExxonMobil is no more as Standard and Poor’s decided to downgrade the company — who held the title of AAA for nearly 70 years — earlier today. S&P had placed ExxonMobil on its watch list back on February 3 of this year and says that they made the decision to […]

Oil prices continued to plummet in early Monday morning trading in Singapore, according to a report from The Globe And Mail. In the wake of an announcement that all American economic sanctions on Iran had been lifted, Iranian deputy oil minister Abbas Kazemi announced that the country is already prepared to increase its crude oil […]

Stars of the Discovery Channel’s Alaskan Bush People have been pulled into court for attempting to defraud the state of Alaska, according to court filings and statements made by the Brown family. Billy Brown, 63-years-old, spoke for the entire family, asking that he alone face charges, stemming from allegations that his family benefited from state […]

Last week, Saudi Arabia announced plans to form a 34-member anti-terrorism bloc composed of Muslim nations, including Egypt, Afghanistan, and Syria, to combat extremists such as the Islamic State. But Saudi Arabia’s own terror-spreading activities, its exclusion of Shia states from the coalition, and its unlawful military actions in Yemen are compromising the integrity of […]

Sources close to Azerbaijan’s state energy company SOCAR has announced that 32 have died on an oil platform in the Caspian Sea. Although the oil rig fire has finally been extinguished, reports indicate that up to 84 oil rig workers may be missing, although this statement may be inaccurate or out of date. It is […]

Chevron Corp. is cutting close to 10 percent of its workforce and sharply trimming back its budget. On Friday, Chairman and Chief Executive Officer John Watson gave a modest view of an industry under pressure by low oil prices. Crude oil declined more than 55 percent since last year, and this descend is felt throughout […]

Bakersfield, California sits astride Highway 99 just north of Los Angeles and is ground zero for oil production and its fracking opponents, but it became embroiled in a different type of controversy this weekend. Saturday night, Bakersfield police shot through the window of a Subway restaurant and killed an unarmed man inside because they thought […]

Andrew Getty, the grandson of of oil titan, J. Paul Getty, has reportedly been found dead in his multi-million dollar Hollywood Hills mansion, his grieving family asking for privacy as police investigate the mysterious circumstances surrounding the Getty oil heir’s death. The Los Angeles Times reports that while the L.A. coroner hasn’t yet officially identified […]

Multi-talented Sharon Stone is being sued by a New York public relations firm for allegedly skipping several of the rallies the company had organized against oil giant Chevron. While it is a noble crusade to protect Mother Earth from profit-mongering companies that pillage it for its resources, a public relations company is claiming it is […]

Gas prices are already lower than they have been in years. The price of crude oil currently stands at $50 a barrel, which is half the cost of their peak price of $107 in June of 2014. But that price is expected to drop even lower within the year, possibly as low as $10 to […]

The Google Maps mapping service is 10 this year, and for its birthday, the popular mapping service-turned GPS-service is getting – and giving – some interesting gifts. From creating an app to help residents of cities across the country find new exciting places to see and things to do while hoping to steal a competitor’s […]

A burst Montana pipeline sent as much as 50,400 gallons of oil gushing into the Yellowstone River, prompting the governor to declare a state of emergency, according to CNN. Bridger Pipeline, LLC, said on Monday it has shut the 42,000 barrel-per-day Poplar pipeline system after a weekend breach that sent as much as 1,200 barrels […]

The price of oil has dropped in the past month, lower than it has been in recent memory. In some locations in the U.S., prices average around $2 per gallon; but some areas are selling gas for as low as $1.65 per gallon. That’s roughly half of what it was this past summer. According to […]

Even though it sounds like the sort of thing that Kryptonians were doing before their planet exploded, fracking still has its defenders among industrialists claiming that there’s no evidence that it has any real adverse effects on the environment or the planet. Those defenders suffered a setback recently, though, as researchers now claim that the […]

President Obama has kept his name in the news recently as he winds down the final 761 days of his second term as President of the United States. Most recently, he spoke about the Keystone Pipeline, stating that every report he has read shows the benefit would be overwhelming for Canadian oil companies and would […]

The UK’s oil industry is in “crisis” as prices drop, a senior industry leader has told the BBC. Oil companies and service providers are cutting staff and investment to save money. Robin Allan, chairman of the independent explorers’ association Brindex, told the BBC that the industry was “close to collapse”. “It’s almost impossible to make […]

Consumers are almost afraid to ask. Gas prices have plummeted in recent weeks and motorists have rejoiced, enjoying the relief on their budgets and freeing up some money just in time for Christmas. On Friday, December 12, the price of regular gas nationally continued its fall, dropping to $2.60 per gallon according to the AAA […]

The arrest of Russian billionaire Vladimir Yevtushenkov feels like déjà vu. Remember the arrest of another Russian billionaire, Mikhail Khodorkovsky, back in 2003? Well, come 11 years forward and similar circumstances and sentiments surround the arrest of Vladimir Yevtushenkov, chairman of Sistema, a telecoms and oil conglomerate. The Investigative Committee on Tuesday placed Yevtushenkov under […]

According to U.S. intelligence, ISIS earns more than $3 million a day from illegal activities such as oil smuggling, human trafficking, theft, and extortion. ISIS is a Sunni jihadist group in the Middle East that has proclaimed itself as a caliphate. ISIS claims religious authority over all Muslims all over the world and strives to […]

ISIS is the richest terrorist organization in the world, according to a new Washington Institute report. Researcher Michael Knights has been studying Iraq for more than a decade and estimated that ISIS is pulling in between $2 million to $4 million per day. It is too soon after the stepdown of Iraqi Prime Minister Nouri […]

As the crisis in Syria heats up, President Obama and other leaders are discussing possible military actions in the Middle East. Syria is not a major oil producer, but Western military strikes are being seen as a lead up to further conflict in the region. This, some fear, could disrupt major oil production and export. […]

Oil prices jumped to more than $100 per barrel on Wednesday over fears that fallout will result from Egypt unrest and the coup that brought about that unrest. Oil prices rose to $102.18, their highest price in more than one year. Actual oil production is Egypt is low compared to other traders; however, the country […]

Fracking has placed local communities against the energy industry for years, and two cases being heard in New York appeals court Thursday further the argument over whether the law overpowers local authority when it comes to oil and gas development. According to the Associated Press, over 50 New York municipalities have banned gas drilling in […]

A gas prices crash has caused overall gasoline fuel costs to plummet 46 cents a gallon average over the past two months. The average price of a gallon of regular gasoline is $3.38, down nearly a dime over the past three weeks. Unfortunately, the national average is still about eight cents higher than the average […]

An Ohio poll focusing on young adults revealed that the millennials consider energy dependency among the top national security issues facing America. The survey focused on Buckeye State residents in the 18-29 age range, according to US Newswire. A total of 61 percent of the participants in the Ohio poll noted their desire to see […]

Oil prices are on the minds of Americans as they attempt to fill their cars up this fall. According to kspr.com “[o]il gave up early gains and hovered around $92 per barrel on Wednesday after the government reported a bigger-than-expected increase in U.S. crude supplies. Supplies rose by 2.9 million barrels last week. That was […]

While the United States has invaded much of the Middle East in search of lower gas prices, perhaps President Bush should have been focusing his efforts on the Midwest region of the United States during the first Iraq war. According to GAO auditor Anu K. Mittal in an address to Congress this week, the Midwest […]

Shukri Ghanem, former chairman of Libya’s state-owned National Oil Corporation (NOC), was found floating in Austria’s River Danube, police indicated on Sunday. Sixty-nine-year-old Ghanem was Muammar Gaddafi’s top oil industry official prior to his defection last year, several months after the Libyan rebellion was underway. He served as NOC chairman from 2006 until defecting and […]

In an untimely demise to a joint venture that existed as a cornerstone of the peace process between the two neighboring countries, Egypt has terminated its contract to supply the country of Israel with natural gas. Ampal, who is a partner of Israel in the East Mediterranean Gas (EMG) joint venture which operates a pipeline […]

Argentina’s President, Cristina Fernandez de Kirchner, has unveiled her country’s intent to seize control of the largest oil company in the country, Repsol’s YPF. Repsol is a Spanish company which is why it should come as no surprise to find Madrid is outraged by the statement. Already suffering from economic isolation, Argentina has been warned […]

Nearly one year ago President Obama promised to remove America’s dependence on foreign oil and that plan according to a newly released governmental report is coming to fruition. According to Politico the plan which includes cutting oil imports by a third over the next decade, boosting domestic oil and natural gas production, and promoting clean […]