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Democrats :: War for Oil

Does anyone recall the massive uprisings by Democrats chanting, “War for oil?” The peculiar thing about this Democrat Party faux outrage against Republicans, is America never got any oil from the wars. Oh well, like all Democrats and their media sycophant outrages, facts and truth never matter, right? It’s always about finding an issue that allows them to profit off ...

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Largest Oil Refinery On The East Coast Explodes, Rocks Houses Miles Away

The largest oil refinery on the Eastern Seaboard experienced an explosion Friday morning that rocked houses miles away and even knocked the art off of Philadelphia residents’ walls. Fire crews battled flames at Philadelphia Energy Solutions after a vat of butane ignited and exploded around 4 a.m., reported NBC Philadelphia. No one was injured because workers were not near the ...

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Trump Administration Shelves Plan To Dramatically Expand Offshore Drilling

Offshore oil rig

The Interior Department has put plans to open more offshore areas to oil and gas drilling on hold indefinitely, according to Interior Secretary David Bernhardt. Bernhardt said the decision to shelve offshore drilling plans was made after a federal court in Alaska ruled against an executive order President Donald Trump issued to open Arctic waters to energy exploration. “By the ...

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Liz Warren Unveils Her Plan For Federal Lands: Ban Drilling, Make National Parks Free

Senator Elizabeth Warren pledged to ban new fossil fuel production on federal lands if elected president. Warren also said she’d make all national parks free to the public, eliminating entrance fees. Conservatives criticized the plan, saying it would threaten hundred of thousands of jobs. Massachusetts Senator and 2020 presidential candidate Elizabeth Warren unveiled her plan for the 640 millions of ...

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Trump’s Latest Executive Action Could Alleviate A Huge Problem For The World’s Most Productive Oilfield

The Permian basin, now the world’s most productive oil and gas field, is booming — so much so that there’s not enough pipeline capacity to carry out all the natural gas it produces, meaning much of it is flared. How much? Some 553 million cubic feet per day, or enough to power every home in Texas, according to data from ...

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One Question Remains As The US Moves Closer To Drilling In ANWR: How Much Oil Is There?

ANWR could hold massive amounts of oil and natural gas, but findings from the only well drilled in the refuge have been kept secret for decades. The New York Times recently reported the test well findings were disappointing, but experts say one test well doesn’t tell the whole story. “I know for a fact it’s an oily area,” said a ...

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Colorado Democrats Pass Bill To Crack Down On A Pillar Of State’s Economy — Oil And Gas Drilling

Legislation is headed to Colorado Governor Jared Polis’ desk that would completely overhaul state permitting of oil and gas wells that’s got Republicans and industry worried. The bill, which passed out of the state Senate on Wednesday in a party-line vote, changes the make-up and mission of the Colorado Oil and Gas Conservation Commission, the state’s drilling regulatory body. Once ...

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Climate Crusaders Are Wrong About Norway’s Oil Divestment Proposal

Climate crusaders celebrating Norway’s proposal to divest its sovereign wealth fund from oil and gas stocks should pause before popping the carbon-neutral champagne. In fact, the proposed divestment is limited to only include companies solely involved in oil and gas exploration, not integrated majors like BP, Exxon and Equinor, Norway’s state-owned oil giant. Norway’s proposal would affect about $40 billion ...

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Trump Warns Saudi Arabia: ‘Relax And Take It Easy’ With Oil Price Hikes

President Donald Trump told Saudi Arabia, Russia and their oil cartel partners to “take it easy” on efforts to tighten supplies and raise the price of crude. “Oil prices getting too high. OPEC, please relax and take it easy. World cannot take a price hike – fragile!” Trump tweeted Monday morning in a clear signal to the Saudi-led Organization of ...

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Oil Is Piling Up In Venezuela After Trump Slapped Sanctions On Maduro

Nicolas Maduro Venezuela

Oil in Venezuela is piling up after U.S. President Donald Trump placed sanctions on President Nicolas Maduro’s regime to force Maduro into stepping down, The Wall Street Journal reports. Oil stockpiles in the South American country have risen to the highest levels in at least five years, reaching 32.8 million barrels of oil last week, research firm Orbital Insight estimates ...

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US Oil Output Hits 12 Million Barrel-A-Day Milestone Way Ahead Of Schedule

Offshore oil rig

U.S. crude oil production hit 12 million barrels per day in mid-February, according to the Energy Information Administration’s (EIA) latest report. EIA’s weekly petroleum report, for the week ending February 15th, showed that crude output jump more than 1.7 million barrels per day compared to the same time in 2018 — from roughly 10.3 million barrels per day to 12 ...

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US Oil Production On Track To Hit Another Milestone

The United States is forecasted to reach another milestone in oil output next month thanks to rising production in the country’s biggest shale formations. The Energy Information Administration (EIA), a government agency that track U.S. energy production, is expecting the country’s seven major shale formations to increase output by 84,000 barrels per day in March. The increase will bring total oil ...

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Oil Discovery Could Make Small Country One Of The World’s Richest And It’s Not Ready For It

Offshore oil rig

Another two major oil discoveries have been made off the shore of Guyana, all but assuring the impoverished South American nation an immense flow of wealth. ExxonMobil announced two big oil discoveries in a region approximately 120 miles off the shore of Georgetown, the capital city of Guyana. The finds were made at the Tilapia-1 and Haimara-1 wells in what is known ...

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New Data Show Big Oil On Verge Of Fulfilling One Of Trump’s Promises

Donald Trump success

Domestic oil production in the U.S. is expected to explode over the next decade as other energy producing countries struggle to fulfill world demand, according to an analysis of Energy Information Administration data. More production leads to lower prices and ultimately a reduction in oil imports, American Action Forum noted in a detailed analysis of EIA’s 2019 Annual Energy Outlook. ...

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Experts: US Oil Boom Is Defying Expectations

The United States is expected to churn out far more oil this year than what international analysts originally forecasted. The International Energy Agency, a Paris-based organization that helps coordinate energy policies for industrial countries, released its latest oil market report on Friday, noting exceptional numbers for the U.S. fossil fuel industry. The agency reported that U.S. oil production is expected ...

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