Russia overtook Saudi Arabia as the world’s largest crude producer in December, when both countries started restricting supplies ahead of agreed cuts with other global producers to curb the worst glut in decades.
In terms of volume, U.S. shale cannot swiftly ramp up production by 3 million bpd: the EIA expects oil production this year to average 9 million bpd, or 110,000 bpd more than last year.
Islamic State has ramped up sales of oil and gas to the regime of Syrian President Bashar al-Assad, U.S. and European officials said, providing vital fuel to the government in return for desperately needed cash.
And here’s one of the major ways we’ve been pursuing that goal:
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Here at Fuel Freedom Foundation, we talk a lot about “fuel choice.” This is what we mean.
Regardless of the outcome of the meeting on 30 November, the future of OPEC looks uncertain. The organisation is facing a perfect storm, squeezed as it is between the revolution in shale oil, which has increased global supply and brought down prices, and the prospect of a global peak demand, and falling costs of alternatives.
Renewable fuels like ethanol represent the best tools available to reduce our dependence on oil and minimize the risks associated with conflicts over fossil fuels.
ISIS militants had set the wells on fire hoping to obscure the view of Iraqi and coalition warplanes, but it didn’t stop Iraqi forces from driving them out of town in late August.
Homegrown fuels will help to insulate America from price shocks and foreign manipulation, all while protecting our environment.
Working with the U.S. Army’s Tank Automotive Research, Development, and Engineering Center (TARDEC), GM has built what may be the baddest pickup yet.
