An oil tanker passes fishermen as it moves through a channel in Port Aransas, Texas, in May 2020.
(AP Photo/Eric Gay)
Irving Oil is transporting Canadian crude oil by tanker through the Panama Canal and the Gulf of Mexico to its Saint John refinery in an effort to offset any impact COVID-19 might have on its supply.
Oil from a ruptured pipeline is vacuumed from a creek near the near the Kalamazoo River in Michigan, July 2010.
(AP Photo/Paul Sancya)
No one wants an oil spill in their backyard. Yet to understand the real-world fate and effects of diluted bitumen — a Canadian oil sands product — that’s exactly what some scientists did.
Investors who think oil is a good long-term bet should read this first.
Sulfur pollution causes respiratory health problems.
Hung Chung Chih/Shutterstock.com
Sulfur contaminates gasoline and coal, and when these fuels are burned, sulfur dioxide is emitted, causing pollution and respiratory issues. Now there may be a new, cheaper way to remove it.
A weaker domestic economy could limit Trump’s options.
AP Photo/Andrew Harnik
Trump may find it harder to maintain support for his escalating tariffs on China if the US economy shows further signs of weakness.
Saudi Minister of Energy, Industry and Mineral Resources Khalid Al-Falih.
AP Photo/Ronald Zak
The oil-exporting organization may have mustered the political will to cut production, but its disunity remains intact.
Fracking was on the ballot in Colorado’s midterm elections.
AP Photo/David Zalubowski
Big oil and gas companies spent far more fighting this ballot initiative than the measure's supporters did.
Sockeye salmon need strong hearts to migrate long distances. An oil spill could hurt their survival.
(AP Photo/Gary Stewart, File)
Pacific salmon are ingrained in the culture and economy of Canada. They are also a key link between ocean and land. But what happens if a pipeline failure contaminates their habitat?
The Navy converted to oil from coal a few years before the U.S. entered World War I, helping to solidify petroleum’s strategic status.
Naval History and Heritage Command
Before World War I, petroleum had few practical uses, but it emerged from the war as a strategic global asset necessary for national stability and security.
OPEC can’t stop the flow.
OPEC has been declared dead in recent months as the group of oil-exporters has been unable to agree on a plan to stabilize the market. But was it really ever alive in the first place?
The first years of the millennium were kind to government finances. A benign economic environment, and a once-in-a-century commodity boom fuelled by Chinese growth, helped the Federal budget to a cumulative…
Oil-enriched kingdom: Saudi Arabia’s Shaybah oilfield complex at night in the Rub’ al-Khali desert.
American consumers may welcome lower gas prices, but the drop in oil revenues could impact Arab Gulf states and Middle East security. A scholar examines the realities of decreased oil revenues.
The vivid pink pools of Western Australia’s Hutt Lagoon are the world’s largest algae farm.
Steve Back (used with permission)
We have the technology to make oil from algae, rather than digging up crude oil from organisms that lived billions of years ago. But bringing it to market will take a force of economic and political will.
Nigerian youth celebrate presidential candidate Muhammadu Buhari’s victory. Youth unemployment will continue to threaten the continent’s growth.
How realistic are expectations about Africa’s economic prospects? There are several reasons why we should be both optimistic and cautious about the continent's future economic performance.
Has the Bakken oil boom reached its peak?
OPEC is already suggesting the US oil boom will end this year. Wishful thinking.
What costs go into a gallon of gas?
Gas nozzle from www.shutterstock.com
Oil prices have plunged almost 60%, yet gasoline is only a third cheaper.
Does King Salman have what it takes?
Ever since its unification as a nation state in 1932, the Kingdom of Saudi Arabia has been an oil-dominated economy. Most improvements and setbacks in its economic and social indicators can be invariably…
Oil prices have dropped to levels not seen in years. It’s not all good news.
The recent drop in crude oil and gasoline prices in the United States is a nice stocking stuffer for consumers this holiday season, but it could turn into a lump of coal. A global oil glut has caused the…
The effects of the Deepwater Horizon accident may have long-term consequences for regional animals. Researchers have discovered…