The Financial Times recently published an article addressing the current decline of oil imports from Saudi Arabia to the U.S. While this news appears to reflect a step towards lessening our dependence on OPEC oil, the cause of this decline is not entirely due to a decline in foreign oil imports. Instead, this is the result of booming economic development of the far east, and a shift of demand from the west...

J.P. Morgan recently released a study addressing the current state of the oil and gas sector from an investment perspective. The study revealed that America has 8,000 trillion cubic feet of natural gas.  , and highlighted the developments that have been made throughout the U.S. shale gas industry, as well as those that are still to come. About 25 percent of J.P. Morgan’s resource estimate is economically recoverable at this time.  However, as technology continues to improve, that percentage will increase...

The Western Governors' Association (WGA)—a non-partisan organization of 22 governors representing 19 U.S. states and 3 U.S. Territories—has urged Congress to make it a priority to pass legislation that would include incentives for the development and use of natural gas vehicles (NGVs) and NGV infrastructure...