oil

The Associated Press reports: U.S. oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world’s biggest producer. Driven by high prices and new drilling methods, U.S. production of crude and other liquid hydrocarbons is on track to rise 7% this year to an average of 10.9 million [...]

Toby Craig Jones writes: Middle Eastern oil has enchanted global powers and global capital since the early twentieth century. Its allure has been particularly powerful for the United States. The American romance began in earnest in the 1930s, when geologists working for Standard Oil of California discovered commercial quantities of oil on the eastern shores [...]

The Washington Post reports: In a desertlike stretch of scrub grass and red buttes, oil companies are punching holes in the ground in search of what might be one of the biggest recent discoveries in the Americas: enough gas and oil to make a country known for beef and the tango an important energy player. [...]

The Guardian reports: A network of ultra-conservative groups is ramping up an offensive on multiple fronts to turn the American public against wind farms and Barack Obama’s energy agenda. A number of rightwing organisations, including Americans for Prosperity, which is funded by the billionaire Koch brothers, are attacking Obama for his support for solar and [...]

Greg Palast writes: Two years before the Deepwater Horizon blow-out in the Gulf of Mexico, another BP off-shore rig suffered a nearly identical blow-out, but BP concealed the first one from the U.S. regulators and Congress. This week, EcoWatch.org located an eyewitness with devastating new information about the Caspian Sea oil-rig blow-out which BP had [...]