The shale revolution has altered geopolitical paradigms making the U.S. an ally of "all nations seeking energy security", according to Secretary of Energy Rick Perry.
Oil and natural gas aren't just fuels. They supply building blocks for pharmaceuticals; plastics in vehicle bodies... and complex composites in solar panels and wind turbine blades and nacelles. The USA was importing 65% of its petroleum in 2005, creating serious national security concerns. But fracking helped cut imports to 40% and the US now exports oil and gas.
A global energy group says booming production in the United States will meet most of the world's growth in demand for oil in the next few years.
The No. 1 overall message, non-OPEC supply growth is very, very strong, which could change the parameters for the oil markets in the years to come, led by the United States...
Rising U.S. shale oil production will overwhelm the nation's refining capacity, with three-quarters of the additional oil produced in the United States by 2023 shipped to Europe and Asia, according to a new study by consultancy Wood Mackenzie.
The job-creating, economy-boosting resurgence in U.S. natural gas and oil production shows no signs of slowing down.
Canada is both our No. 1 source of crude oil imports and the No. 1 market for our crude exports. Mexico is our largest outlet for natural gas exports and the No. 1 export market for U.S. finished motor gasoline...
Deputy Secretary of the Interior David Bernhardt announced that the Department will offer 77.3 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida for oil and gas exploration and development.
The US Energy Information Administration said average first-of-the-month prices used to calculate US reserves dropped in 2016 compared with 2015. Natural gas and crude oil decreased by a respective 6% and 15% during the period.
In an effort to partially pay for new spending, the budget agreement would sell 100 million barrels of the Strategic Petroleum Reserve (SPR) in the next decade.
