How the country decides on Nov. 8 will have far-reaching implications for the price of electricity and gas at the pump, as well as the future of the U.S. energy industry, which employs about 10 million people.
Donald Trump says he wants to end long U.S. military entanglements. But he has also repeatedly said the U.S. should have seized Iraq’s oil after the 2003 invasion — an undertaking that would have been illegal, required decades of occupation by hundreds of thousands of troops, increased the risk of casualties and probably cost more than the oil itself was worth.
It’s been described as a “step in the right direction,” but an agreement between Saudi Arabia and Russia to freeze crude oil production could be doomed from the start.
While it might be well-known that deep pockets finance the big names in politics, there is little known about the private world they inhabit and how their money is allocated.
It’s not often that Canadian businessmen make comments bombastic enough to garner attention in the American news cycle, but Kevin O’Leary is determined to change that.
A proposal to build the largest oil train terminal in the Pacific Northwest could result in a derailment every two years and an oil spill from a derailment once every 12, according to a draft analysis by a Washington state agency.
“Everyone is still looking at it saying ‘Wow, you still don’t have production coming down,'” said Tariq Zahir, founder at Tyche Capital in Laurel Hollow, New York.
Environmental groups have said drilling for oil in the Arctic conflicts with the Obama administration’s efforts to fight climate change.
While the frac sand industry has slowed due to cheap oil, American frac companies hope to expand due to tax breaks.
Six Greenpeace members board a Royal Dutch Shell oil rig to protest the energy company’s exploration and drilling of the Alaskan Arctic.
Senate Democrats sponsor a bill to improve the design and safety of railroad oil-tank cars, which industry officials have flagged for years as in need for improvement.