The fierce debate over oil drilling in the Arctic National Wildlife Refuge is decades old. Now, the possibility is closer to reality, due to a rider on budget measures passed by the US House and Senate.
Is oil exporting a curse? Not necessarily, but there is something about oil that is very dangerous to a producing country's people, says an academic with a new book on the subject.
Environmental campaigns often court trouble when they oppose global companies that want to extract lucrative resources, and there’s no more extreme example than the Niger Delta, where oil companies have drilled since the 1950s.
Given President Nicolás Maduro is already fighting for his political survival, it might seem crazy of him to meddle with such a sensitive issue as the cost of gas. Venezuelans are already dealing with triple-digit inflation.
What's the link between $8 cauliflower in Canada and the drop in oil prices? Why aren't low oil prices a boon for consumers?
Oil prices have cratered — and they continue to fall. But this analyst says we may finally have reached the end of cheap oil, with prices back in the triple digits by 2017.
Hint: it's not just oil money.
On Thursday, word came that ExxonMobil is being investigated for possibly misleading shareholders on the risks climate change poses to its business. On Friday, President Obama killed the Keystone XL oil pipeline to the US from Canada, citing the threat of climate change from burning fossil fuels. The oil business has seen worse weeks, but perhaps not many.
On average, one person dies every six weeks working on Bakken Shale oil extraction. While the jobs pay well and still draw thousands to remote sections of the Dakotas, those jobs come with a price, even for those who survive.