Billionaire energy investor T. Boone Pickens said America's energy-production boom has put the U.S. on a path to energy independence without aid from Congress, Bloomberg reports.
The Energy Information Administration projected by the end of 2013 the United States will produce 2 million more barrels of oil daily than it imports, FuelFix reports.
DALLAS (AP) — Exxon Mobil Corp. expects production to decline by about 1 percent this year due to weaker output of natural gas, then rise in the next few years as new projects start up.
Russian oil executives say the nation's taxes on crude oil revenue have hindered drilling output, allowing the United States and Saudi Arabia to challenge Russia's status as the world's top oil producer, Bloomberg reports.
Saudi Arabia cut December oil production by nearly 5 percent based on lower Asian demand, the highest cut in production in nearly three years, Dow Jones Newswires reports.
In its first short-term energy outlook to include 2014, the Energy Information Administration projected that the shale boom will cause U.S. oil production to surge 23 percent by 2014, the highest level since 1988, FuelFix reports.
The Census reported that the oil-and-gas boom drove a population surge in North Dakota, the state with the largest population growth this year, The Hill reports.
In an interview with TIME, President Barack Obama said the quick growth of oil and natural gas production in the United States could result in a geopolitical shift in the Middle East as the U.S. transforms into a net exporter of energy, Reuters reports.
The Senate Energy and Natural Resources Committee approved a bill that would alter the sale of helium from the Federal Helium Reserve, Roll Call reports.
A number of environmental and health groups filed a lawsuit against the Environmental Protection Agency to force a review of the agency's smog pollution standards, The Hill reports.
Amendments to the House version of a five-year farm bill up for debate would require farmers to follow conservation guidelines to qualify for crop insurance subsidies, E&E reports.
The Nuclear Regulatory Commission proposed charging the Tennessee Valley Authority a $70,000 fine for quality violations at the Watts Bar Nuclear Plant, The Associated Press reports.
Ash Grove Cement Co., based in Kansas, agreed to pay a $2.5 million penalty and invest $30 million in air pollution controls to settle EPA air pollution allegations, The Associated Press reports.
Friends of the Earth aired a television advertisement criticizing Sen. Lindsey Graham, R-S.C., for supporting the Savannah River MOX facility in his state, The Associated Press reports.
Canadian investment bank Peters & Co. said the United States will need to import crude from Canadian oil sands as the current surge in shale oil will be too expensive to keep up, Bloomberg reports.
