For the fourth year in a row, U.S. oil reserves increased, according to a recently published Energy Information Agency report. Proven crude oil reserves jumped 15 percent in 2012 to 33 billion barrels, their highest level since 1976. The jump was the the largest by volume and percentage increase in oil reserves since 1970.
Natural gas [...]
The following article ran in the April 14, 2014 issue of Forbes Life.
At 85, T. Boone Pickens has discovered a powerful source of energy: his own. He’s got a new love, a new natural gas empire and a continuing mission to change the world. All he needs now is time.
Aboard his Gulfstream G550, T. Boone [...]
This week the Energy Information Administration announced that domestic production of crude oil had surged to the point that the U.S. is now producing 10 percent of the world’s crude. The figure applied to the fourth quarter of 2013, when domestic production totaled 7.84 million barrels per day.
The continued growth in production is attributable primarily [...]
I was asked by the folks at LinkedIn to write an essay about the state of the oil and gas industry. Because of your hard work and dedication, we have successfully put oil and gas in almost every public policy conversation dealing with the economy, the environment, and national security.
I invite you to read [...]
In 2013, Americans spent more on OPEC oil - $147 billion - than the $140 billion the federal government spent on veterans. Let’s put it another way. The total cost of OPEC oil in 2013 was twice the $72 billion that the federal government spent on education.
Despite America’s increased production of domestic oil and gas, [...]