The U.S. oil industry is only too happy to fill the void OPEC deliberately created by attempting to raise crude oil prices.
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 and the Rule of 72 are working in concert, driving the United States toward world energy domination.
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.
Oil traders' excessive bullishness should be a red flag, because production forecasts don't equate with near-term shortages.
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 protest against Zinke's proposal.
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 the criminal environmentalist movement that tried to stop it.
According to the International Energy Agency, the growth of energy production in the United States is expected to double in the next eight years, making it the world's top energy producer.