Domestic oil

Huge Boost In U.S. Oil Output Set To Transform Global Market

Scott Neuman — Tue, 14 May 2013 20:47:00 +0000

U.S. oil production is rising sharply and increased output from shale will be a "game changer" in global energy markets in the coming years, according to a new report out Tuesday by the International Energy Agency.

"U.S.

U.S. Has A Natural Gas Problem: Too Much Of It

John Ydstie — Tue, 17 Apr 2012 07:00:00 +0000

There's a boom in natural gas production in the United States, a boom so big the market is having trouble absorbing it all.

The unusually warm weather this winter is one reason for the excess, since it reduced the need for people to burn gas to heat their homes.

Report Shows Drop in U.S. Oil Imports

Scott Neuman — Mon, 12 Mar 2012 12:20:00 +0000

The White House will unveil a report today showing that U.S. dependence on foreign oil imports has dropped by more than two million barrels a day since President Obama took office.

The report shows U.S. imports at 8.4 million barrels a day last year from 11 million barrels a day in 2008. As a percent of all U.S.

Foreign Oil Imports Drop As U.S. Drilling Ramps Up

Elizabeth Shogren — Tue, 24 Jan 2012 21:15:00 +0000

Since President Obama took office, the U.S. has made considerable progress in overcoming a problem that has bedeviled presidents since Richard Nixon — dependence on foreign oil.

When U.S. oil dependence peaked at 60 percent in 2005, then-President George W.

Reports: Obama Will Reject Keystone Pipeline Proposal

Eyder Peralta — Wed, 18 Jan 2012 17:06:00 +0000

Several news outlets are reporting that the Obama administration will reject TransCanada's proposal to run a pipeline across the U.S.-Canada border.

The Washington Post reports the administration will make it official later today and will allow TransCanada to reapply once it has rerouted the pipeline to avoid the environmentally sensitive Sandhills area of Nebraska.

As we've reported, the Keystone XL pipeline has become a rallying point for environmentalists.