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U.S. to pass Saudi Arabia as top oil producer
Scott Tong Dec 10, 2012
A boom fueled by hydraulic fracturing of shale should add millions of jobs in the U.S. The question: How long will it last?
U.S. to become world's top oil producer
Jeff Horwich Nov 12, 2012
The International Energy Agency is forecasting that the U.S. will become the biggest oil producer in the world within the next decade.
America's energy boom revives Ohio's steel industry
Scott Tong Dec 10, 2012
Every fracking well requires miles of pipe. The result is new investment in Ohio steel mills -- which also benefit from cheap natural gas for fuel.
The real energy gusher produced by Ohio fracking: Oil
Scott Tong Dec 10, 2012
The presidential campaign talks a lot about coal in Ohio, but the fossil fuel of the moment is oil. Fracking has made possible a second oil boom, more than a century after the state's first one.
Russia oil firm Rosneft nears deal with BP
Stephen Beard Oct 19, 2012
The state-controlled Russian oil firm Rosneft is reported ready to enter a multi-billion dollar joint venture with the British oil giant BP to create the world’s biggest listed oil company.
Report: Iraq could double its oil production
Eve Troeh Oct 10, 2012
Higher production could make Iraq the world's second-largest oil exporter. Most of the added oil won't go to the U.S., but to countries helping Iraq rebuild its oil facilities and basic infrastructure.
Is the U.S. at risk of another OPEC oil embargo?
Scott Tong Oct 3, 2012
The OPEC oil embargo nearly 40 years was a shock to the U.S. and its economy. But the long-term effects proved a shock to Saudi Arabia and other OPEC members, who learned that oil and politics don't mix.
Libyan oil production almost back to normal
David Gura Oct 1, 2012
Civi war combatants mindful of the importance of oil on the economy, left infrastructure largely undamaged.
Energy independence? For the U.S., it's a pipe dream
Scott Tong Oct 2, 2012
The U.S. can become less dependent on foreign oil, but it's still a part of the global oil market --and that means no insulation from oil price shocks.
U.S. petroleum reserve is a versatile weapon
Eve Troeh Oct 1, 2012
The Strategic Petroleum Reserve was established to protect the economy from an embargo. But just the threat of releasing oil into the market can rein in speculation in oil futures, too.
