Tag: Oklahoma

The State Department just came out with its latest report on the proposed Keystone XL Pipeline. The report finds that the pipeline’s construction would create almost 2,000 jobs that last for two years and would support more than 40,000 jobs. The report further finds that the pipeline likely would not harm the environment when considered relative to what will happen if the… Read More

Want to know how the U.S. managed to narrow its trade deficit to the smallest figure in four years? Look no further than Texas, North Dakota, and other states where oil production is booming. The U.S. Commerce Department released data today showing that the trade deficit in November was the narrowest since October 2009. “The shale revolution and increased energy… Read More

The U.S. oil boom has put European refineries out of business and undercut West African crude suppliers. Now domestic drillers threaten to roil Asian markets and challenge producers in the Middle East and South America. Fifteen European refineries have closed in the past five years, with a 16th due to shut this year, the International Energy Agency said, as the… Read More

Fracking turned out to be one of the keys to unlock our nation’s natural gas riches. We went from being on the verge of running out of gas to securing more than a 100-year supply. Companies such as Chesapeake Energy , one of the country’s top producers of natural gas, have gotten a bad rap for using fracking to access all this… Read More

The Gulf of Mexico has been left for dead more than once over the past half-century. It’s now roaring back to life with at least 10 recent mega-discoveries that have renewed oil explorers’ enthusiasm for the region. Billions of dollars are being poured into new wells in the ultra-deep waters off Texas and Louisiana, fueling a resurrection that could set… Read More