Exceptional Benefits of Oil Drilling

Offshore drilling is an extremely positive enterprise that has advantages for many involved in the industry. Because of these benefits, many companies are continuing to engage in offshore drilling by growing and expanding. Other companies may be getting involved on … Continued

Expect A Major Leap In U.S. Oil Exports

Industry analysts are expecting a major leap ahead for U.S. exports. This leap is related to a ramp up in oil production that has now virtually eliminated reliance upon foreign oil and exceeded domestic demand. Through increased oil export, the … Continued

Don’t Blame Big Oil for Price Hikes

Gas prices are going up across the nation, but these prices aren’t due to “big oil.” In fact, big oil has been doing all that it can to provide more oil and affordable oil to the domestic market. Instead, gas prices are … Continued

Oil Demand Is Growing Nearly Everywhere

Oil demand has been growing steadily throughout the world with many analysts believing that the demand is going to continue to grow indefinitely. This is important as oil production has been ramping up in the United States and some previously … Continued

Oil Industry Sees Positive Production

The oil industry has been increasing production substantially, now with an average of 206 rigs through July 2017. Crude oil production has grown by 5.7 percent and is now at 103 barrels per day. Per barrel prices are now at $43.10, … Continued

Advantages of Offshore Oil Rigs and Drilling

Though offshore oil is often discussed in negative terms, there are actually many reasons to believe that it has an overall (if not overwhelmingly) positive impact on the country. Offshore drilling is a way to boost the country economically, obtain … Continued

How Can Millennials Help Oil Production?

Millennials have historically been completely opposed to the use of oil and gas and other fossil fuels, instead attempting to promote “cleaner” energy sources such as solar power. But much of this comes from assumptions that are made regarding the oil … Continued