Oil explorers in the U.S. state of Texas say they’ve discovered the largest deposit of shale oil in a region known as the Permian Basin. The so-called Wolfcamp formation, explorers believe, could hold up to 20 billion barrels of oil, worth up to $900 billion. The find could be three times bigger than the state […]
[cycloneslider id=”fuel-cleanup”] (Hover over image to pause slideshow) Although the secondary tank carrying #11 Ultra-Low Sulfer diesel that rolled over in a ditch at mile 306 of the Richardson Highway on Labor Day has been pumped out and the tanker pulled out and removed from the scene, the Alaska Department of Environmental Conservation did not […]
On Thursday, Alaska’s governor, Bill Walker released his 201 State of the Budget Address to the people of Alaska at the end of session. Walker made known his proposal to balance the state budget with a combination of new taxes as well as oil tax reforms. The governor said that his administration considered both a […]
Iran rejected appeals Wednesday from other oil-producing states to curb its oil exports to try to end the plunge in world crude oil prices, instead saying it intends to increase production. Iran’s envoy to the Organization of the Petroleum Exporting Countries, Mahdi Asali, said Tehran intends to step up exports until they reach the level […]