US oil growth shifts from shale to the Gulf

US oil growth shifts from shale to the Gulf

For more than a decade, the shale patch has been the engine of growth in U.S. oil production. Now, with the help of a pro-oil federal government, the trend is shifting to offshore oil production given technological advances and maturing shale reservoirs. Earlier this year, the Energy Information Administration said oil production from Gulf of … Read more

Trump’s economic plans required more oil drilling and lower gas prices. He only gets the latter.

Trump’s economic plans required more oil drilling and lower gas prices. He only gets the latter.

When President Trump began his second term, in his inauguration speech, he announced that America “drill, baby, drilling”, promising drilling boom and lower prices. For nine months, Trump can only get “lower prices”. According to data published by the end of last month, the US oil and gas sector in the US oil and gas … Read more