Dems trying to Ban Oil Shale AGAIN

"Reid to Renew Oil Shale Ban, Deny Americans Vast Energy Resources During Economic Crisis 09/25/2008 - 12:46:53 PM We've just been alerted that despite House Democrats relenting on extending bans on offshore drilling and oil shale in the continuing resolution (CR)...

McCain Calls Barack, NObama on Energy

Republican John McCain said Monday that drilling for oil off the U.S. coast is an essential part of any plan to lower gas prices and reduce dependence on foreign sources, and he criticized Democrat Barack Obama for opposing it." “We all know that a comprehensive solution is...

OPEC: Both, demand and supply will soar.

After blaming a weak dollar and speculation over high petrol prices, OPEC stated both demand and supply will soar. However, one wonders whether they will meet at all? " Oil demand and supply will soar: OPEC Cartel blames speculators and weak U.S. dollar for recent price...

Giant Saudi field is key to boosting oil output

Amidst the talk of Crude prices hitting a record level of $150, one of world's biggest oil supplier Saudi Arabia had commissioned a giant field to boost oil supply. " This massive oil field surrounded by the desolate sands of Saudi Arabia's vast eastern desert feels like...

Saudi Arabia Increases Oil Production To 9.7 Million Barrels Per Day

"King Abdullah has agreed that his country will increased output to 9.7 million barrels a day as he opened a summit on the soaring international price of crude."

China and Japan 'Agree' to Gas Deal

After an historic diplomatic summit between China and Japan in May, the two countries are reportedly close to making a formal agreement to develop gas fields in the East China Sea that have long been disputed. Although the "known reserves" are a "modest 180 million barrels"...