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Breaking News:

Russia, Iran, Turkey Form $7B Oil Deal

Energy / Crude Oil

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Our Unhealthy Addiction to Oil

Jun 01, 2010 at 07:50 | Robert Bryce

The Deepwater Horizon disaster in the Gulf of Mexico is providing barrels of new ammunition to pundits on both the Right and the Left who contend we have to end…

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Canada’s Oil Sands Set to Become Biggest Source of U.S. Oil Imports, Report Says

May 24, 2010 at 15:03 | Darrell Delamaide

Canadian oil sands will probably become the No. 1 source of U.S. crude oil imports this year, and could make up more than a third of the nation’s oil…

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Greenland Proceeds with Plans for Offshore Drilling in Arctic Waters

May 06, 2010 at 09:11 | Darrell Delamaide

While the oil spill from a sunken drilling rig in the Gulf of Mexico threatens to become an environmental disaster, plans are proceeding for opening up new drilling territories in…

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Gulf Oil Spill Threatens Halt to White House Offshore Drilling Plans

May 04, 2010 at 09:54 | Darrell Delamaide

The oil spill in the Gulf of Mexico from a collapsed offshore drilling rig could affect White House plans to extend offshore drilling, press secretary Robert Gibbs acknowledged as the…

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Where would we be without offshore oil?

May 03, 2010 at 12:20 | James Hamilton

As oil continues to pour into the Gulf of Mexico, I thought it might be helpful to review how we got where we are today. The graph below shows total…

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Iran Storing Oil at Sea Due to Weak Demand

Apr 16, 2010 at 19:00 | Business Insider

Iran, the world's fifth-largest oil producing nation, is increasing the amount of oil is stores in tankers at sea. Iranian officials say this is due to refinery overhauls and seasonality,…

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Chinese Purchase of Oil Sands Stake Could Revalue Resource

Apr 11, 2010 at 19:00 | Darrell Delamaide

The acquisition of a 9% stake in the Syncrude oil sands venture by China’s Sinopec for $4.65 billion – substantially more than expected – could pave the way for a…

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Texas Acquisition Shows Shift of Gas Producers to Oil Investment

Apr 05, 2010 at 19:00 | Darrell Delamaide

SandRidge Energy’s agreement this week to acquire Arena Resources, a producer of conventional oil in West Texas, for $1.6 billion is the latest example of natural gas companies seeking to…

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U.S. Decision on Offshore Drilling Holds Promise of Future Oil, Brings Immediate Debate

Apr 01, 2010 at 15:34 | Darrell Delamaide

President Barack Obama’s move to lift a moratorium on new offshore drilling leases and to designate further areas for exploration won’t produce much oil in the near future, but is…

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EU Fuel Standards Become Latest Oil Sand Battlefield for Environmentalists

Mar 30, 2010 at 15:05 | Darrell Delamaide

The latest draft of European Union fuel standards appears to mark a lobbying victory for the Canadian oil industry because it drops tighter restrictions originally envisaged for crude oil derived…

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