Iran has been trying to renovate its oil industry since the 2015 landmark nuclear deal with world powers. The country exports 2 million barrels of oil per day, which compromises more than 30 percent of the country's annual budget.
Although the figure is equivalent only to the output of a mid-sized field, it sends a powerful signal about the United States' decreasing need for imports as its own production reaches new highs.
The agreements were signed May 20 in Riyadh in the presence of King Salman Bin Abdulaziz Al Saud and US President Donald Trump....
"Knowing who your allies are, and treating them right and fairly, is what energy security and global strength is all about," concluded Capt. James McCormick.
"...what I found driving these two-lane routes was several wonderful small towns that few ever heard of - let alone get to see in a lifetime."
... more than one-third of America's electricity comes from natural gas; half of American homes use it for cooking, heating water and drying clothes; tens of billions of dollars' worth of goods are made from it, and hundreds of thousands of vehicles use it as a fuel.
Radio interview discusses energy, its effect on our national security, and how New York is not taking advantage its energy resources.
A series that takes a look at what might have happened in the past - or could happen in the future - if certain energy-related ideas and policy prescriptions put forth by prominent politicians and their supporters were actually adopted.
"We will conduct a thorough review of the Outer Continental Shelf for oil and gas exploration, and listen to state and local stakeholders. We also will conduct a thorough review of regulations that were created with good intentions but have had harmful impacts on America's energy security,"
The natural gas surplus generated by the shale revolution has led to several benefits, including lower wellhead prices, reduced imports and rising inventories of natural gas storage. In addition, the cost of drilling new shale wells has dramatically declined. This means that fewer rigs are being employed, but new wells are more productive and cost-efficient.