The President has made clear he wants to exploit Venezuela’s vast oil reserves; history suggests that it won’t be easy.

Oil spills can happen when pipelines rupture, ships collide, or drilling rigs explode. Spills can wreak havoc on the health of marine life and the environment for years after the fact. The 10 biggest oil spills in history include Deepwater Horizon in 2010 ...

The price of oil has oscillated from an all-time hike of almost $150 a barrel to a low of $30, hand in hand with the credit-crunch and the inextricable economic connection between money and oil. Why? Expect a Long Emergency... The below was written two ...

The past year has delivered one of the worst crashes in crude oil price history. Crude oil prices have slumped 47% since July 2014. The oil sector hasn't performed this poorly since the 2008 financial crisis. But those are just the two most recent crashes ...

The first-ever zero oil trade happened at 2:08 p.m. ET on Monday, April 20, during what is typically the sleepy, postprandial hour leading up to the market’s daily settlement. What took place instead was 20 minutes of unalloyed chaos, followed by another ...

Most Oklahomans know the history behind the title given to the city of Tulsa: Oil Capital of the World. Major oil strikes were made before the surrounding territory was even granted statehood. Oil fields like Red Fork (1901) and Glenn Pool (1905) placed ...

KILGORE - The horsehead pump moves up and down among the tombstones in the Kilgore cemetery, its presence there seeming almost natural in an old East Texas boomtown where oil still permeates every aspect of life. But the well in the graveyard might also be ...

Mike Daley, West Virginia Division of Highways District 3 Manager, with Paul Hoblitzell, Museums of the Mid-Ohio Valley board president, with the engine being donated to the state museum. (Photo Provided) PARKERSBURG — An engine and other artifacts used ...

A decade ago, Hermosa Beach voters overwhelmingly rejected E&B Natural Resources’ efforts to drill oil in the small coastal community. Measure O failed in March 2015 with 80% of the vote, nixing the company’s plan to install more than 30 oil and gas wells.

Energy Secretary Chris Wright said Wednesday that the United States will sell Venezuelan oil “indefinitely” after completing sales of the crude currently accumulating in storage there. Wright said the proceeds from those sales would be "deposited into accounts controlled by the U.