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NEWS ABOUT: domestic oil production

Obama OKs More Drilling in Alaska, Offshore

Orders annual lease sales in Alaska’s National Petroleum Reserve

(Newser) - With both gas prises and anger on the rise, President Obama has decided to allow new drilling in Alaska's national petroleum reserve. Lease sales in the 23.5 million-acre reserve—which serves as home to millions of migratory birds, two caribou herds, gray wolves, and other wildlife—have been... More »

Shell Gets Go Ahead for Arctic Drilling

Court clears the way for exploratory drill

(Newser) - Shell got the go ahead to ' drill, baby, drill ' in the Arctic this summer, after a three-judge panel rejected a legal challenge standing in the way of their plans. The court determined that the federal Minerals Management Service ( Um, remember them? ) weighed the potential threat to... More »

Wind Could Provide All US Power: Feds

Interior Dept. study sees offshore turbines generating energy

(Newser) - Offshore winds are a largely untapped resource that could potentially supply the US with even more electricity than it currently needs, according to a new Interior  Department report. The report says the area off the Atlantic coast could meet more than one-fourth of the national power demand, but the fact... More »

US Drilling Boom Stalls for Oil, Gas

(Newser) - It doesn't pay to drill, baby, drill anymore. Falling world prices have brought an end to the boom in domestic drilling for oil and natural gas, the New York Times reports. Last summer, 2,400 gas and oil rigs were deployed in the hunt for energy. Today, that figure is... More »

Student May Face Fed Charges for Fake Drilling Bids

Activist infiltrated auction, won 22,000 acres of federal land at auction in protest

(Newser) - A Utah college activist may face federal charges and jail for making bids he can't afford on scenic tracts in a federal drilling auction last month, the Washington Post reports. Economics student Tim DeChristopher wielded his red auction paddle 13 times to snag $1.8 million in property before federal... More »

Cheaper Oil Likely to Stay Awhile

Demand won't quickly return to old levels, and new tech, exploration keeps pressure off

(Newser) - Oil prices are down, and they’re likely to stay that way for now, writes Ronald Bailey for Reason. Not only did the recent spike in gas prices drive down demand in the US; it also heightened the effect of domestic and local production. Government mandates, made in response to... More »

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