The Department of the Interior's Bureau of Ocean Energy Management (BOEM) today held an oil and gas lease sale for the Western Gulf of Mexico that drew $22,675,212 in high bids for tracts on the U.S. Outer Continental Shelf offshore Texas - located from nine to 250 nautical miles offshore in water depths ranging from 16 to more than 10,975 feet
Today, there is only one major product the U.S. bans from export. Surprisingly, it is a product in which the U.S. is nearly self-sufficient.
A planned deal to swap Mexican crude for lighter and more expensive U.S. oil is just a drop in the bucket toward ending a 40-year ban.
As part of the new nuclear agreement, the Iranian energy industry will be allowed to export its oil. If only America was so lucky.
The Obama administration approved limited crude oil trading with Mexico on Friday, further easing the longstanding U.S. ban on crude exports that has drawn consternation from Republicans and energy producers.
While the U.S. advances a nuclear deal that would let Iran reemerge as a major oil supplier on the global market - to Iran's economic and competitive gain - the United States denies itself similar benefits by banning its own crude exports. This is hurting America....
As Republican presidential candidates prepare for their first debate on Thursday, the leader of the nation's top oil industry trade group said it's time for them to provide more details about their plans for U.S. energy policy.
We've stressed the economic benefits of lifting the ban on U.S. crude oil exports... and would affect virtually every American in a positive way. No less important are the benefits for American security and foreign policy from letting U.S. crude trade freely in the global marketplace.
Offshore seismic surveys are being done safely off other coastlines. Here is an example.
The existing, southern segment of the Keystone oil pipeline system has pumped its billionth barrel, owner TransCanada Corp. said Monday. The company is using the milestone to promote the safety of its pipeline and push the Obama administration to approve the highly controversial northern segment, known as Keystone XL.
