The U.S. is importing less oil, and that will continue into next year. The Energy Information Administration expects the lowest oil import levels in 25 years.

We've told you about the energy boom unfolding in the Northern plains states. Centered in North Dakota, the industry is quickly spilling over into Montana.

Higher oil and gas production in the U.S. will change oil relationships around the world. The Middle East won't be called on to produce as much, costing it income, but Saudi Arabia will remain a key player.

There's an oil and gas boom in North America thanks to an innovation known as hydraulic fracturing that extracts natural gas and oil from shale rock deep underground. Here's how it works.