ENERGY

Crude Oil Prices Fall Below $60, Traders Expect $55 or Lower

12 February 2018
Crude Oil Prices Fall Below $60, Traders Expect $55 or Lower

The New American is not in the habit of making predictions, but these two are a slam-dunk: lower gas prices, and further fading away of OPEC's influence over them.

Fracking Revolution Pushes U.S. Daily Crude Oil Production Over 10 Million Barrels

02 February 2018
Fracking Revolution Pushes U.S. Daily Crude Oil Production Over 10 Million Barrels

Fracking and the Rule of 72 are working in concert, driving the United States toward world energy domination.

U.S. Oil Production Will Soon Overtake Saudi Arabia’s

22 January 2018
U.S. Oil Production Will Soon Overtake Saudi Arabia’s

U.S. crude oil production will soon overtake that of Saudi Arabia, thanks to George Mitchell finding how to extract oil and gas from shale.

Record Bullish Bets on Crude Oil Raising Red Flags

15 January 2018
Record Bullish Bets on Crude Oil Raising Red Flags

Oil traders' excessive bullishness should be a red flag, because production forecasts don't equate with near-term shortages.

Trump’s Interior Secretary Proposes Selling Offshore Drilling Leases Starting in 2019

05 January 2018
Trump’s Interior Secretary Proposes Selling Offshore Drilling Leases Starting in 2019

When President Trump’s Interior Secretary Ryan Zinke announced his agency will expand energy development to include the United States' offshore reserves, myopic naysayers rose up in a single voice of...

Dakota Access Pipeline Fulfilling Its Promise

01 January 2018
Dakota Access Pipeline Fulfilling Its Promise

Fully operational since June, the Dakota Access Pipeline is lowering transportation costs, reducing tank car usage, reducing environmental and population risk, improving South Dakota’s financial condition, and putting the lie to...

MORE ARTICLES

U.S. Oil Production Will Soon Overtake Saudi Arabia’s

22 January 2018
U.S. Oil Production Will Soon Overtake Saudi Arabia’s

U.S. crude oil production will soon overtake that of Saudi Arabia, thanks to George Mitchell finding how to extract oil and gas from shale.

Latest Report: Crude Won’t See $60 a Barrel For at Least a Year

13 October 2017
Latest Report: Crude Won’t See $60 a Barrel For at Least a Year

Despite OPEC's efforts to raise oil prices by cutting production, crude-oil prices are expected to remain under $60 a barrel for at least the next year.

OPEC to Meet in Vienna Wednesday to Plan Production Cuts

25 November 2016
OPEC to Meet in Vienna Wednesday to Plan Production Cuts

OPEC continues to think it can manipulate the oil market to its own advantage.

A Unique Oil Man in a Tough Business

17 March 2016
A Unique Oil Man in a Tough Business

It would be hard to think of a group that is more vilified as exploitative than oil men. Yet everything that Tom Hill of KimRay does shatters that perception.

Saudi Arabia Cuts Oil Prices, Could Spark Price War

03 October 2014
Saudi Arabia Cuts Oil Prices, Could Spark Price War

Saudi Arabia's surprise announcement of a cut in its oil prices to its customers is likely to set off an international oil price war.

Fracking Revolution: U.S. Replaces OPEC as World’s “Swing Producer”

01 October 2014
Fracking Revolution: U.S. Replaces OPEC as World’s “Swing Producer”

The impacts of the fracking revolution are now reaching from gas pumps to foreign affairs.

 

 

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