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EIA Predicts 2016 to be Record-Setting Year for Energy

December 30, 2013

Christmas came early this year for Americans. In the 2014 Annual Energy Outlook released mid-December, the Energy Information Administration (EIA) predicted that by 2016, U.S. oil production could reach levels not seen since 1970. According to the EIA, oil companies doing business here in the U.S. will add 800,000 barrels of oil per day (bpd) of production [...]

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Energy States Lose in New Budget Deal

December 26, 2013

The latest bipartisan budget deal—soon to be signed into law by President Obama – may seem like a big win for Washington, D.C., but it’s a loss for energy-producing states throughout the country. According to the nonpartisan Congressional Budget Office, the budget deal will cost states like Wyoming and New Mexico a combined $415 million in lost [...]

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2014 to be Record Breaking Year for Oil and Gas Investment

December 20, 2013

Oil and gas companies will spend $723 billion dollars, a record-breaking amount, on oil and gas exploration around the globe in 2014. This is a 6.1 percent increase over 2013, where producers spent $682 billion. The continued investment, especially on such a large scale, points to the fact that oil and gas will continue to [...]

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