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Energy / Crude Oil

High Hurricane Activity Threatens Gulf Oil Production, Cleanup Efforts

High Hurricane Activity Threatens Gulf Oil Production, Cleanup Efforts

Jun 09, 2010 at 08:28 | Darrell Delamaide

As hurricane season begins in the Caribbean and Gulf of Mexico, forecasters are predicting higher-than-usual activity that could disrupt oil and gas production in the Gulf and hinder efforts to…

The Death of BP?

The Death of BP?

Jun 06, 2010 at 11:36 | Robert Rapier

It was about six weeks ago that the man I work for walked into my office and asked what was happening in the world of energy. “This oil leak in…

Big Oil is Paying

Big Oil is Paying

Jun 06, 2010 at 11:15 | Allen Gilmer

In 2006, when I wrote this, and culled directly from their 10K, ExxonMobil paid $30.7 billion in excise taxes, $41.6 billion in other "taxes and duties", and $59.4 billion in…

Middle East producers see more heavy oil in their future

Middle East producers see more heavy oil in their future

Jun 05, 2010 at 06:08 | Darrell Delamaide

Middle East oil countries should increase production of heavy oil as oil prices remain higher and improved technology makes it easier, those attending an industry conference in Bahrain were told.…

Our Unhealthy Addiction to Oil

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…

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

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…

Greenland Proceeds with Plans for Offshore Drilling in Arctic Waters

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…

Gulf Oil Spill Threatens Halt to White House Offshore Drilling Plans

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…

Where would we be without offshore oil?

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…

Iran Storing Oil at Sea Due to Weak Demand

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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