US, Saudi, OPEC blamed for lowing oil prices to hurt Russia, Iran
Why are gas prices dropping? How low with the price of oil fall? Questions that the most ignorant American may be thinking as they see prices plunge lower and lower. Even as prices began dropping, fingers pointed More...
Goldman Sachs: Lower oil prices to cause loss of $1 trillion, many projects ‘unprofitable’
The global oil industry will face a loss of $1 trillion as producers will be forced to cancel a number of key projects if oil prices stay below $60, says Goldman Sachs. Tuesday’s Brent crude trading at $59.9 More...
Russia: US, allies manipulating oil prices to crash the ruble
The head of Russia’s external intelligence agency has made a bold accusation on Thursday: Washington and its allies are pursuing a regime change policy towards Russia, deliberately introducing sanctions and More...
Keystone Pipeline vote fails in Senate by one vote, Mary Landrieu snubbed
Senate Democrats stopped the Keystone XL pipeline legislation by just one vote, ending the latest battle between House Republicans and the White House. Senator Mary Landrieu, Democrat of Louisiana, who is facing More...
Gas prices soaring, plenty of blame to go around
Drivers are seeing a 30 cent increase in gas prices over the last week. September 2010 photo/Daniel Christensen A gas refinery explosion in Toledo a few days ago, a spike in crude oil price and a slowdown on production More...
Saudi Arabia reduced oil output in May
A report from Dubai claims the world’s top oil exporter Saudi Arabia pumped 9.8 million barrels per day (bpd) of crude oil in May, an industry source said on Saturday, a reduction of 300,000 bpd from April. Photo/Tech More...
Oil, black gold, Texas Tea: it all started with a gusher on this day in 1901
The Lucas Gusher of January 10, 1901 was the first “major” gusher of the Texas oil boom. Spindletop is in Beaumont, Texas became the epicenter, generating 100,000 barrels a day and have ties to the origins More...
Exxon sells Gulf of Mexico oil and gas properties to Energy XXI
Energy XXI Ltd. announced Sunday that it has finalized a deal to buy oil and natural gas properties in the Gulf of Mexico from ExxonMobil for $1.01 billion. The announcement comes a little more than a month after More...
Jeffrey Simpson Quotes (writer: TheGlobeandMail.com)
Jeffrey Simpson, The Globe and Mail’s national affairs columnist, has won all three of Canada’s leading literary prizes. He has also won the Hyman Solomon Award for excellence in public policy journalism. More...