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United States oil production is on the rise. In the first quarter of 2012, average domestic crude oil production topped 6 million barrels per day (bbl/day). This is the first time that U.S.

Two years ago, an explosion on the Deepwater Horizon oil platform led to the spilling of almost five million barrels of oil in just a handful of months. I wrote the following post in June of that year, two months after the spill began.

Two years ago, 11 men lost their lives as a backlash of gas exploded into the night from the Deepwater Horizon drilling rig in the Gulf of Mexico. In the ensuing months, roughly 5 million barrels of oil and more than 6 billion cubic feet of natural gas spewed into the ocean from the Macondo well more than a kilometer underwater. It took the combined efforts of the U.S.

By Ayesha Rascoe WASHINGTON (Reuters) - The U.S. offshore drilling regulator on Wednesday formally issued sanctions against BP and the major contractors involved in the 2010 explosion on the Deepwater Horizon rig that killed 11 workers and spewed more than 4 million barrels of oil into the Gulf of Mexico.

As Libya's civil war continues to disrupt its contribution to the world's oil supply, the Paris-based International Energy Agency (IEA) has taken action. The IEA, which counts the U.S

It may seem slightly ridiculous to consider the prospects for a future solar-hydrogen economy at an institute for theoretical physics at the University of Waterloo in Canada. After all, Canada is the capital of unconventional oil , also known as oil sands, also known as tar sands, which supply more than a million barrels of oil per day to the U.S. And the primary use of today's existing hydrogen economy--a $200 billion a year proposition--is adding the energetic molecule to such unconventional oils to make them more palatable to the global energy infrastructure.

COCODRIE, La.-- Five million barrels of oil seems like a lot. That is approximately what spewed from the blowout at BP's Macondo well last year, about enough to fill an American football field more than 90 meters deep--and much of it has gone missing. [More]

Saudi Arabia, the world's largest oil exporter, may not be panicking quite yet about its ever-declining oil supply--but the country is certainly concerned. Consider: in February, a Wikileaks document revealed that Saudi Arabia might be overstating its oil reserves by 300 billion barrels, and the country recently asked for a slice of the UN's $100 billion climate change fund to help diversify to other energy sources (a galling request from such a wealthy country so dependent on other people not diversifying to other energy sources). And now the kingdom has announced that it plans to spend $100 billion on solar, nuclear, and other renewable energy sources.