Explore the differences between shale oil and conventional oil, including extraction costs and methods, and how these impact oil market profitability.

At present, oil extraction in the United States sits at record levels of roughly 13.2 million barrels per day. No wonder oil is so expensive. Wait, what’s that you say? U.S. extraction at record levels is causing oil prices to rise? Aren’t oil prices a ...

Colorado and Utah have as much oil as Saudi Arabia, Iran, Iraq, Venezuela, Nigeria, Kuwait, Libya, Angola, Algeria, Indonesia, Qatar and the United Arab Emirates combined. That's not science fiction. Trapped in limestone up to 200 feet thick in the two ...

A series of more than 100 small earthquakes in Surrey in 2018 and 2019 might have been triggered by oil extraction from a nearby well, suggests a new study. A series of more than 100 small earthquakes in Surrey in 2018 and 2019 might have been triggered by ...

With the world’s reserves of light oil diminishing, oil companies are increasingly turning to heavier varieties – which make up 70% of global oil reserves – to meet rising energy demands. Existing extraction technologies for heavy oil are, however ...

Exxon Mobil, Chevron and Occidental Petroleum are betting big on emerging technologies to extract lithium from drilling wastes and salt flats. Since oil and gas drilling began nearly 150 years ago, the salty wastewater it produces has been a nuisance for ...

The claim: The Bakken contains more than 500 billion barrels of cheap oil, enough to power the U.S. economy for more than 2,000 years A years-old claim that a massive oil reserve was recently discovered in and around the Dakotas has resurfaced on ...

TCU’s Ralph Lowe Energy Institute executive director Nikki Morris says that oil companies may be hesitant to return to Venezuela without more ‘checked boxes’ on ‘The Will Cain Show.’