At present, oil extraction in the United States sits at record levels of roughly 13.2 million barrels per day. No wonder oil is so expensive. Wait, what’s that you say? U.S. extraction at record ...

The President has made clear he wants to exploit Venezuela’s vast oil reserves; history suggests that it won’t be easy.

As the stock market digests the dramatic events in Venezuela over the weekend, in which the U.S. military captured President ...

Colorado and Utah have as much oil as Saudi Arabia, Iran, Iraq, Venezuela, Nigeria, Kuwait, Libya, Angola, Algeria, Indonesia, Qatar and the United Arab Emirates combined. That's not science fiction.

With the world’s reserves of light oil diminishing, oil companies are increasingly turning to heavier varieties – which make up 70% of global oil reserves – to meet rising energy demands. Existing ...

U.S. action in Venezuela has renewed focus on the country’s vast oil reserves, heavy crude challenges, and the expropriations ...

The number of employees in the oil and gas extraction industry has dropped by thousands since the start of the year, data on the U.S. Bureau of Labor Statistics website shows. Image by BitsAndSplits ...