oil industry

TPR’s Jerry Clayton talks to Randolph about the state of the oil industry, gas prices and more.

An exclusive Inside Climate News analysis found that companies have spilled nearly 150 million gallons of toxic, highly saline wastewater in Texas over the last decade.

Oil executives have mostly stopped denying climate change, but now argue that the world should not act quickly to cut fossil fuel use. In fact, last year, industry leaders slowed down climate plans.

Energy companies have been reporting blockbuster profits since last year, after Russia's invasion of Ukraine sent oil prices sharply higher.

Scientists took a dozen research flights over major U.S. oil and gas fields to sample flare emissions. They found more methane than was supposed to be there.

Experts say the oil market is volatile right now, and is likely to remain unpredictable for the foreseeable future.

Gasoline prices hit record highs last week, so politicians in both parties proposed suspending state and federal gas taxes. But some warn such tax "holidays" may cut funding for needed road repairs.

Domestic producers say it’s time for more investment in oil and gas, but supporters of clean energy argue it may not drive down consumer costs — and could lock the U.S. into an oil-dependent future.

Oil-consuming nations will bring 60 million barrels of crude out of storage and onto global markets. It's supposed to calm oil prices down, but global crude went up on the news.

The Texas Oil and Gas Association's annual energy and economic impact report says both taxes and royalties paid to the state went up by more than 20% over the previous fiscal year.