Explosion on oil platform off Louisiana leaves four badly burned, seven injured and two others missing and likely dead

http://www.dailymail.co.uk/news/article-2234082/Explosion-oil-platform-Louisiana-leaves-injured-missing-likely-dead.html By Daily Mail Reporter PUBLISHED: 12:39 EST, 16 November 2012 | UPDATED: 17:29 EST, 16 November 2012 The Coast Guard was searching Friday for two workers missing after a fire erupted on an oil platform in the Gulf of Mexico, sending an ominous black plume of smoke into the air reminiscent of the 2010 […]

U.S. set to become biggest oil producer in the world and actually begin EXPORTING (so why is gas $4 a gallon?)

http://www.dailymail.co.uk/news/article-2232448/The-International-Energy-Agency-U-S-set-biggest-oil-producer-world.html By Anthony Bond PUBLISHED: 13:27 EST, 13 November 2012 | UPDATED: 13:59 EST, 13 November 2012 The U.S. will become the world’s biggest oil producer before 2020 and will be energy independent 10 years later, it has been predicted. The International Energy Agency (IEA) said that a resurgence in oil and gas production, coupled […]

U.S. set to overtake Saudi Arabia as world’s biggest oil producer following boom in output

http://www.dailymail.co.uk/news/article-2222413/US-set-overtake-Saudi-Arabia-worlds-biggest-oil-producer-following-boom-output.html U.S. production to rise 7 per cent this year to nearly 11 million barrels a day Could reach 11.4 million barrels a day in 2013 – rivalling Saudi oil output Boom caused by high oil prices and new drilling techniques By Sam Adams and David Gardner PUBLISHED: 08:01 EST, 24 October 2012 | UPDATED: […]

Exclusive: U.S., Britain to agree emergency oil stocks release

http://www.reuters.com/article/2012/03/15/us-oil-reserves-idUSBRE82E0UM20120315 By Richard Mably LONDON | Thu Mar 15, 2012 12:15pm EDT (Reuters) – Britain has decided to cooperate with the United States in a bilateral agreement to release strategic oil stocks, two British sources said, in an effort to prevent high fuel prices derailing economic growth in a U.S. election year. A formal request […]

No relief at the pump: Experts warn gas prices could soar up to $4.95 per gallon in major cities by Memorial Day

http://www.dailymail.co.uk/news/article-2101373/Experts-warn-gas-prices-soar-AGAIN–4-95-gallon-major-cities.html By Daily Mail Reporter Last updated at 8:57 AM on 15th February 2012 American families are bracing themselves for sticker shock at the pump as gas prices across the nation continue to soar. Gas averaged more than $3.53 per gallon in 2011, and this year has yet to bring relief, with analysts predicting the […]

IMF: halt in Iran oil could push crude up 30 percent

http://www.reuters.com/article/2012/01/25/us-imf-oil-iran-idUSTRE80O1LH20120125 WASHINGTON | Wed Jan 25, 2012 11:06am EST (Reuters) – Global crude prices could rise 20 to 30 percent if Iran halts oil exports as a result of U.S. and European Union sanctions, the International Monetary Fund said on Wednesday. In its first public comment on a possible Iranian oil supply disruption, the IMF […]

Republicans hope for “yes” on Keystone, prepare for “no”

http://www.reuters.com/article/2012/01/11/us-usa-keystone-pipeline-idUSTRE80A1EY20120111?feedType=RSS&feedName=politicsNews&rpc=22&sp=true By Roberta Rampton and Richard Cowan WASHINGTON | Wed Jan 11, 2012 11:36am EST (Reuters) – Congressional Republicans who are urging President Barack Obama to approve the Canada-to-Texas Keystone XL oil pipeline have signaled they will not give up on the issue if the White House says no. After delaying the project, Obama has […]

Nigeria faces mass strike and protests over discontinued state fuel subsidy

http://www.guardian.co.uk/world/2012/jan/08/nigeria-fuel-strike-seun-kuti Thousands expected to march through streets of Lagos and Abuja after petrol pump prices more than double overnight Monica Mark in Lagos guardian.co.uk, Sunday 8 January 2012 15.58 EST The timing could hardly have been worse. Already grappling with a string of attacks by a violent Islamist group in recent weeks, Nigeria‘s government now […]

This Crisis with Iran Is Exactly Why We Have Oil Reserves

http://www.theatlanticwire.com/global/2012/01/this-crisis-iran-exactly-why-we-have-oil-reserves/47094/ Reuters Adam Clark Estes 1:27 PM ET Iran’s been careful to dangle it’s massive oil supply in the West’s face as it threatens to close the Strait of Hormuz, but no matter what the country ends up doing, we’ve got a backup plan. Reuters spoke to a number sources from the major Western powers, […]

EU agrees to embargo on Iranian crude

http://www.reuters.com/article/2012/01/04/us-iran-idUSTRE8031DI20120104 By Justyna Pawlak and Parisa Hafezi BRUSSELS/TEHRAN | Wed Jan 4, 2012 3:38pm EST (Reuters) – European governments have agreed in principle to ban imports of Iranian oil, EU diplomats said on Wednesday, dealing a blow to Tehran that crowns new Western sanctions months before an Iranian election. The prospective embargo by the European […]