The Budget Deal Reinstates a Tax to Fund Oil Spill Clean-Ups
The tax on both domestic crude and imported petroleum products generated $500 million a year, on average, in federal revenue.
Browsing Tag
Oil
132 posts
Congress Includes Massive Sale of Oil Reserves in Budget Deal
The congressional spending deal includes a sale of roughly 100 million barrels of oil from the nation's Strategic Petroleum Reserve, a cache of federally owned oil.
Washington Governor Rejects Oil Terminal
The energy terminal would have shuttled 131 million barrels of oil per year down the Columbia River.
New Oil Slicks Reported at Site of Oil Tanker Collision in East China Sea
The Sanchi oil tanker is estimated to have been carrying 8,450 barrels of bunker fuel at the time of its collision.
Trump Administration Seeks to Open Most Coastal Waters to Offshore Oil Drilling
The decision would remove protections for up 100 million acres of water, some of which have been closed to drilling for three decades.
Monitoring Deep-Sea Coral to Measure BP Oil Spill Fallout
The Deepwater Horizon explosion in the Mexican Gulf is still the largest marine oil spill in U.S. history, and its effects will be felt for decades to come.
Trump Administration Halts Review of Offshore Oil Rig Safety Inspections
The study would have provided the government with recommendations for improvements to its offshore inspection program.
After the Latest Leak in South Dakota, How Safe Are America’s Pipelines?
The country's 70,000 miles of crude oil pipelines leak quite often.
What’s Behind the Political Unrest in Venezuela?
Bombastic politicians, international isolation, and an over-dependence on oil have led the Maduro government to a point of no return.
Virginia Governor Flips on Offshore Drilling
Governor Terry McAuliffe joins hundreds of city, state, and federal officials in formally opposing the expansion of drilling off their coasts.