The Energy Information Administration released its weekly report on the status of petroleum inventories in the United States today.
As a thought experiment, consider the 2014 motor fuel market a pizza, divided conveniently into eight slices. If you stretch the metaphor, U.S. consumers have completed the cheapest slice of winter pie since 2010. But GasBuddy predicts that some much more expensive slice of gasoline pricing is imminent, with pump prices likely to jump some 15-40 cents per gallon between now and Easter Sunday.
If you had any doubts, be assured that reasonable people are heeding the warnings of local officials and weather experts and have wisely elected to avoid the snow and ice covered roads. Especially in the eastern half of the country where many states are pounded with anywhere from 10 inches in Alabama to as much as 24 inches of snow, (MD, PA) many schools and business took off Thursday and are closed again today, electing to stay safe at home.
As the American economy continues to struggle for recovery, policymakers and the public need to be aware of the key advantages available to our nation through increased domestic oil and natural gas production.
After just three years in business, Bullseye Pipe Supply LLC managers Todd Clark and Cortenay Damm are excited about the growth the company has seen recently thanks to oil exploration in Colorado. Last week, they delivered one of their largest orders yet, a 12 tank battery of 400 barrel tanks headed for northern Colorado, near the Brighton and Greeley area.
BY SEAN COCKERHAM
You might say Dean Weis was born into oil. While he wasn't the heir of an oil fortune, he marks his own timeline parallel to when oil really became a fiscal force in Kansas to the present day. The curator at the Kansas Oil and Gas Museum in Great Bend was born in 1929, just as the oil boom hit the Barton County area. By 1930, the county received more than $20 million a year from the oil and gas industry according to some estimates. Weis began working in the industry in his mid-20s, first as an equipment operator ...
BY SHAN LI
BY RALPH VARTABEDIAN
BY TOM HUDSON
BY JAMES OSBORNE
BY JULIE CART
BY MARIA L. LA GANGA
MEXICO CITY – Tens of thousands of Mexicans jammed the center of their capital city Sunday to protest President Enrique Pena Nieto's plan to allow foreign firms to invest in and collaborate with the state-run oil company, whose independence from outside influence has been a source of national pride for decades.
WASHINGTON – A new study illustrates the far-reaching economic contributions of unconventional oil and natural gas development, particularly in the manufacturing sector, says API Vice President for Policy and Economic Analysis Kyle Isakower.