Military and business leaders urge US to end oil’s fuel monopoly
In a report issued Tuesday, former U.S. military leaders, cabinet secretaries and business leaders recommend ways the United States can pare America's vulnerability to oil price hikes, by giving...
View ArticleOil glut stirs debate over US crude exports
The climb in domestic crude production has created a dilemma for both lawmakers and the White House, who are facing new pressure from oil companies to relax the nation's 38-year-old ban on exports of...
View ArticleAn oil crash so deep even Exxon is hurting
About 35 years ago, Ed Hirs, now a University of Houston energy fellow, worked in mergers and acquisitions for the old Houston conglomerate Anderson, Clayton and Co. At one point during his brief time...
View ArticleBP finds hidden trove of oil in Gulf of Mexico via new subsea imaging
British oil major BP has discovered 200 million barrels of oil in a hidden cache in the Gulf of Mexico, thanks to a technological breakthrough allowing the company to see beneath geological formations...
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