Entries by Drum Pump

Crude oil prices drop as OPEC competes with U.S. fracking industry

The end of 2014 saw a major shift in global oil production as the United States passed Saudi Arabia as the world’s largest oil producer. As OPEC (Organization of the Petroleum Exporting Countries) has seen the American Oil industry expand they have seen their own control over oil prices slipping. In reaction, OPEC determined last […]

Nebraska Supreme Court rules on Keystone XL project

  The Nebraska Supreme Court has ruled on the Keystone XL Pipeline project striking down the district court ruling and clearing the way for the State Department to move forward on the project. Because the proposed pipeline would cross the U.S.-Canadian border, the State Department must rule that the project is in the United States’ […]

Will Nebraska District Court Veto Keystone Pipeline

In a preemptive move The White House has announced that the President will likely veto fresh legislation seeking to approve the controversial Keystone pipeline. This is the same legislation that failed to pass in November, when Democrats were in control of the Senate. Now, with a GOP-controlled congress, the pipeline has become a top-agenda item. Those opposed […]