A report from the Energy Security Leadership Council, a group of executives and retired military leaders, said the expansion in United States' oil production could promote "complacency and inaction" in developing more efficient transportion and energy use, Reuters reports.
TORONTO (AP) — Canada's natural resources minister said Tuesday a report that says the U.S. will become the world's largest oil producer by the end of the decade should serve as a wakeup call that illustrates the pressing need for Canada to diversify its energy exports.
According to the Energy Information Administration, the worldwide oil production capacity has suffered due to outages in Syria and South Sudan, decreasing the world supply by about 1 million barrels a day, FuelFix reports.
BRASILIA, Brazil (AP) — Brazil's House of Representatives has approved a controversial proposal to share profits from the country's growing oil production sector more evenly between petro-producing states and those with little or no production.
The Interior Department and Bureau of Ocean Energy Management announced Wednesday that 38 million acres in the Central Gulf of Mexico will be part of a lease sale set for March 20, 2013, FuelFix reports.
Democratic Virginia gubernatorial candidate Terry McAuliffe switched his position on offshore drilling of the state's coast, supporting a pro-drilling bill introduced by Virginia's Democratic senators, The Washington Post reports.
Senate Environment and Public Works Chairman Barbara Boxer urged NRC Chairman Allison Macfarlane to complete an investigation and hold a public hearing before allowing the San Onofre Nuclear Generating Station to restart, Southern California Public Radio reports.