Tag Archives: US Oil Production

The Oil And Gas Boom Sends U.S. GDP Soaring

Higher oil prices this year boosted U.S. oil production, and the U.S. oil industry played a large part in America’s impressive second quarter economic growth—the fastest growth since the third quarter of 2014. Real U.S. gross domestic product (GDP) rose at an annual rate of 4.1 percent in the second quarter of 2018, according to […]

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Move over OPEC, America is the New King of Oil

Alan Greenspan: Economic stability led by oil production Former Federal Reserve Chairman Alan Greenspan on the economic stability of the U.S. with the extraordinary rise of crude oil production. U.S. oil production is booming and oil exports are following. In its latest weekly update, the U.S. Energy Information Administration (EIA) also reported that oil refining hit its highest level […]

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U.S. to Overtake Russia as Top Oil Producer by 2019 at Latest: IEA

TOKYO (Reuters) – The United States will overtake Russia as the world’s biggest oil producer by 2019 at the latest, the International Energy Agency (IEA) said on Tuesday, as the country’s shale oil boom continues to upend global markets.   IEA Executive Director Fatih Birol said at an event in Tokyo the United States would […]

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Oil Rises 1.8% To $65.61, Setting New 3-Year Closing High After 10th Straight Drop In US Crude Stockpiles

U.S. crude prices topped $65 a barrel for the first time since December 2014. Oil prices turned higher after the U.S. government reported the tenth straight weekly drop in U.S. crude stockpiles. U.S. crude prices topped $65 a barrel for the first time in more than three years on Wednesday after government data showed the […]

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Fracking to save US Economy

Amid a Government Shutdown, Domestic Oil and Gas Production Hints at the Spirit of Private Industry

As domestic energy production spikes, the US Government grinds to a halt There has been quite a lot of talk in recent weeks about the role of the US government and the lengths at which opposing parties will go to induce governmental gridlock. Whether you naturally side with the Democrats, Republicans, Independents – or with […]

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North American Rig Count Up

U.S. Drilling Rig Count Dwarfs Other Nations

Drilling Rig Counts Help US Compare Level Of Drilling Activity Across The Globe Baker Hughes, a massive oil services company based out of Houston, Texas, released the latest domestic and international drilling rig count during their mid-September informational release. The release showed that active US drilling rig counts are up slightly over the August 2013 […]

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