Domestic oil

U.S. oil prices rose to $70 a barrel this week — a sign the industry is bouncing back after a bust brought on by the pandemic. That’s bringing a much-needed jolt into the local economy in Weld County.

The Bureau of Land Management plans to put up more than 20,000 acres of Colorado land for lease by oil and gas drilling companies. Much of that land sits…

If it weren’t for the snowy alpine peaks in the background, camels would look perfectly at home in the undulating yellow sand hills of Colorado’s Great…

With just a few days left in Boulder County’s oil and gas moratorium, county commissioners laid out their plan to gain more local control of the…

The International Energy Agency says U.S. shale output and petroleum from Canada's tar sands are transforming global energy markets.

A boom in natural gas in the U.S. has driven prices to 10-year lows, threatening the viability of some producers. People needed less gas to heat their homes this winter, but at the same time a huge increase in gas production was made possible by new methods of coaxing gas out of shale rock formations.

Foreign Imports have dropped by more than two million barrels a day over the past four years, the administration says.

President Obama's critics say he has blocked domestic oil production. But under his administration, a steady uptick in U.S. drilling operations, combined with falling overall consumption, has led to a steep drop in the percentage of oil the U.S. imports. Analysts say by 2035, the U.S. will import a little more than a third of its oil, down from 60 percent in 2005.

President Obama said the rejection wasn't based on the merits of the project, instead it was rejected because the State Department did not have sufficient time to make a proper decision.

Oil from the Canadian north is already making its way into the U.S. market through existing pipelines and tanker shipments. Energy experts say even if President Obama blocks the proposed Keystone XL pipeline, it may already be too late to stop Americans from relying on this dirty source of fuel.