WASHINGTON—Excluding the United States, the world holds an estimated 565 billion barrels (bbo) of undiscovered, technically recoverable conventional oil; 5,606 trillion cubic feet (tcf) of undiscovered, technically recoverable conventional natural gas; and 167 billion barrels of undiscovered, technically recoverable natural gas liquids (NGL), according to a new assessment by the U.S. Geological Survey (USGS) released […]
It has been two years since BP's Deepwater Horizon accident that took the lives of 11 of its crew and sank into the Gulf of Mexico, gushing oil into the environment for 87 days. Yesterday, former members of the now dissolved commission created by President Obama in the aftermath of the disaster released a report.
As American consumers are seeing prices of gasoline inch ever higher at the pumps, President Obama is calling for more oversight of the energy markets on Wall Street.
