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‘Axis of Love’: Saudi-Russia Detente Heralds New Oil Order…

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A meeting between the two men who run Russia and Saudi Arabia’s oil empires spoke volumes about the new relationship between the energy superpowers. It was the first time that Rosneft boss Igor Sechin and Saudi Aramco chief Amin Nasser had held a formal, scheduled meeting – going beyond the numerous times they had simply […]

GM Sued For Allegedly Using Cheat Devices On 700,000 Diesel Vehicles…

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Several powerful law firms filed suit Thursday accusing General Motors of installing illegal software in diesel-powered vehicles in order to maneuver around regulations on fuel emissions. The class-action lawsuit alleges GM affixed 705,000 late-model Chevrolet Silverado and GMC Sierra pickups with at least three so-called defeat devices to dupe air regulators. Lawyers filed the action […]

Lawmaker Demands Trump Admin Hand Over Unredacted Report On Phishing Email Attacks…

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A House committee asked the Interior Department Thursday to hand over an unredacted copy of a newly-released report detailing how more than 100 employees were “compromised” in a phishing email attack. Utah Republican Rep. Rob Bishop, chairman of the House Committee on Natural Resources, sent a letter to Interior Deputy Inspector General Mary Kendall asking […]

Here’s Why You’ll Pay Higher Gas Prices Whatever the Market…

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The average gasoline tax in the U.S. is 49.5 cents per gallon, according to data from the American Petroleum Institute. That’s not too bad as far as averages go, but it has been climbing over the last five years and it will continue rising as states lose hope that the federal government will chip in […]

U.S. Oil And Gas to Contribute $1.9 Trillion to U.S. GDP by 2035…

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Earlier this week, the American Petroleum Institute (API) released a study it had commissioned which claims that not only will production grow, but investment in oil and gas infrastructure will contribute between US$1.5 trillion and US$1.89 trillion to U.S. GDP by 2035, or between US$79 billion and US$100 billion annually…

Trump Opens ‘All Available’ Gulf Of Mexico Waters To Oil Drilling…

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The Department of the Interior will include “all available” federal waters in the Gulf of Mexico that have not already been leased out for offshore oil drilling. Interior Secretary Ryan Zinke announced Monday 73 million acres off the coast of Texas, Louisiana, Mississippi, Alabama, and Florida would be offered at a lease sale in August […]

Media Outlets Push False Narrative About Trump’s Pipeline Executive Orders…

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Media outlets are falsely suggesting President Donald Trump’s executive orders approving the Keystone XL Pipeline also included directives mandating pipeline developers use American steel to complete projects. Politico and the Los Angeles Times reported Friday on the White House’s recent decision to allow Keystone to complete its project without adhering to Trump’s request that future […]

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