Oil

With crude gushing from the Permian Basin, companies are ramping up efforts to build pipelines and better capitalize on the production surge.

The U.S. is considering scaling back regulations that effectively ban the export of crude oil, according to Energy Secretary Ernest Moniz.

The Department of Energy announced the creation of a gasoline reserve in the Northeast, hoping to ease supply disruptions like the shortage following Hurricane Sandy in 2012.

Five states and the Gulf of Mexico accounted for more than 80% of U.S. oil production in 2013, the Energy Dept. said.

Crude Revolution: The U.S. shale oil boom has lifted the nation’s oil production above 10% of total world output, according to the EIA.

Chevron Corp, the second-largest U.S. oil company, said on Friday its fourth-quarter profit dropped 32 percent as refining margins and production fell around the world.

Meet The World's New Energy Superpower: Exports of refined products from the U.S. have risen sharply, another byproduct of the shale boom.

A glut of oil is driving a contango in futures market and is putting a premium on places to put it.

'Twas the last energy report before Christmas, when all through the pits, OPEC is making the oil price slip.

If falling energy prices are such a good thing for the global economy then why are we seeing so much turmoil?

Falling rig counts and a shutdown of a major Libyan oil port is slowing the oil market breakdown despite OPEC showing no signs of changing course on oil output as they target U.S. shale producers.

Safe haven buying in US bonds and metals signal fears that the globe is on the verge of a downward deflationary spiral.

This is becoming a word wide oil price war.

While oil prices continue to plummet because of the OPEC price war, already we are laying the groundwork for the next oil crisis rally.

At this point what has to be clear is that the Saudis will defend their market share, whatever the cost may be, they will cut prices in Asia, they will cut prices in  Europe, they will cut prices in the U.S., they shall never surrender.

My take is simple. Falling oil prices are a good thing as long as they are going down for the right reasons.

Isn’t it time someone stood up for US energy companies that have been a major contributor to US energy security and our economic growth.

The majority of Wall Street shops were off in their predictions made in late 2013 and early 2014 that oil would average anywhere from $83 to $100 a barrel this year. Here is a look back.

OPEC decision to start a price war in oil is having far reaching consequences across the global economy.

A funny thing happened on the way to the OPEC meeting.