T. Boone Pickens, a Texan oil tycoon, has made it his mission to promote massive new investment toward alternative energy sources. Pickens discusses his plan and efforts to make energy independence a central issue in the fall campaign. Watch or read the report.
On Tuesday, July 29, 2008, Alaska Sen. Ted Stevens was indicted for failing to disclose gifts he received from VECO Corporation, an Alaska-based oil services company. On Friday, August 1 …
Sales plunged at the nation’s big automakers as American consumers steered away from gas-guzzling trucks and SUV’s and into more fuel-efficient cars. It’s a trend analysts say is here to stay. Read more about the dismal month for U.S. automakers on Nightly Business Report and NewsHour.
Oil and all the ramifications of rising prices continue to be a source of international urgency. On Thursday, June 26, oil went beyond $140 a barrel before closing slightly lower. …
In New York City, the average cost for a gallon of gas is now at around 4 dollars and 14 cents, well above the national average of 3 dollars and …
The early days of oil were nearly the opposite of today in that the supply was almost infinitely greater than the demand. For thousands of years, humans utilized oil as a lubricant, adhesive, and many other purposes — including for medicinal use. But through the early 19th century, large-scale production and use of oil was unknown. So how, then, has oil become the defining resource of our time? GO
If the present era of human civilization is seen in terms of its defining technologies and resources, humans are now living in the “oil age.” In numbers: the world currently uses roughly 75-80 million barrels of crude oil per day. How is such a massive need met, here and abroad, year after year? Explore EXTREME OIL’s guide to the science behind oil production. GO











