Tag: oil production


The U.S. Energy Information Administration (EIA) has predicted that natural gas production in the US will continue to grow at an impressive pace. Right now output is close to 70 billion cubic feet a day and is expected to reach Read more…


U.S. trains spilled 1.15 million gallons of crude oil in 2013 — more than was spilled in the nearly 40 years since officials began tracking such accidents, federal data show. The majority of that volume came from two major derailments: a November inc…


Picture yourself back in 1995 for a moment. Besides questionable music and fashion choices, we were at the start of some troubling trends in energy. The fuel economy of our cars and trucks had flatlined for five years, and they Read more…


Canada’s natural resources minister told delegates at the International Energy Forum in Kuwait that his country was on the cusp of becoming an “energy superpower.” Canada ranks No. 6 in terms of global oil production, but much of its crude Read more…


On April 23, 2008, when the U.S. was on the verge of a record-high gas price of $4.11 per gallon, the average retail price at the pump was $3.60 per gallon. Three years later, the average retail gasoline price is Read more…


Almost all oil production on Alaska’s North Slope remains shut down after workers on the Trans-Alaska Pipeline system discovered a leak over the weekend. BP, the pipeline company’s largest single owner, has called it a “significant event.” BP is no Read more…


The International Energy Agency says that the world has already reached its peak oil production, a surprising conclusion that could have significant effects on future oil prices. In its annual report, the group suggests that production rates likely topped out Read more…


If I were the new CEO of Chevron, I would stop listening to the lawyers and bring the engineers into the boardroom to develop a strategy to invest a good portion of last year’s record $24 billion profit into inventing Read more…

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