Boom! Weekly US crude oil production hits an all-time high
U.S. crude oil production hit an all-time high last week, according to preliminary government data, in another sign of the resilience of American shale drillers.
U.S. crude oil production hit an all-time high last week, according to preliminary government data, in another sign of the resilience of American shale drillers.
Video on Bloomberg.com explains the process of hydraulic fracturing.
In a little over a month's time, the Federal Energy Regulatory Commission is due to make a decision that could fundamentally alter the way that energy markets operate in much of the United States.
Recently, a bipartisan group of 84 members of Congress signed a letter to Attorney General Jeff Sessions asking if violent acts directed towards energy infrastructure, like recent attacks on pipelines, fall under the current definition of domestic terrorism.
"The facts are clear and the court agrees: The regulatory review process for U.S. LNG projects provides a thorough review of both operational and environmental impacts before being approved..."
Ever since the crude oil export ban was lifted at the end of 2015, global markets have looked to the United States to help meet their energy supplies.
The U.S. Interior Department said it will hold its largest offshore auction to date, nearly 77 million acres, to energy companies in March 2018 to conduct oil and gas development.
Last year activists in several states used bolt cutters to break fences and twisted shut valves on several cross border pipelines...
EIA forecasts that U.S crude oil production will average 9.4 million barrels per day (b/d) in the second half of 2017, 340,000 b/d more than in the first half of 2017. Production in 2018 is expected to average 9.9 million b/d...
A shale gas drilling boom over the last decade has propelled the United States from energy importer to exporter, taking the country a giant leap toward the goal of energy independence declared by presidents for half a century.