With Hugo Chávez's passing, some are looking for a new era in Venezuelan oil. But Venezuela's role in the global oil market has diminished over the years and some expect little change in Venezuelan oil after Hugo Chávez.
In an interview with Consumer Energy Report, former president of Shell Oil John Hofmeister said the debate on global warming is effectively settled.
In an interview with Consumer Energy Report, John Hofmeister, former President of Shell Oil, attributes a rise in oil prices to 'constant growing global demand' and 'flat production for the most part' over the past decade.
Declines in domestic and foreign production are to blame for higher US gas prices, analysts say. Some in the industry see $5-a-gallon gas in 2012, while others say supplies will increase to halt the rise.
A petroleum engineer charges that BP is doing the minimum to clean up the Gulf oil spill. Here are three things BP should do.