Although North Dakota, Texas, and the Gulf of Mexico are known for producing much of the US's oil, other states are becoming bigger producers. Alaska and California are two states that are gaining footing in the oil industry.
Saudi Arabia, Russia, and the United States were the top oil producers in 2013, according to BP's latest report. At the same time, the US was also the biggest consumer of oil in the world, with China as the second-biggest oil consumer.
Toyota will sell its fuel cell vehicles in 2015 in Japan, US, and Europe, limited to areas with established hydrogen infrastructure. In Japan, Toyota's car will sell for 7,000,000 yen, or about $69,000.
Some energy analysts may suggest the US is becoming an important source of energy supply for the world. But, the US's oil supply may not translate as a foreign policy tool, writes Daniel J. Graeber.
Japan and automaker Toyota are looking to kick-start the fuel-cell vehicle industry with plans to produce hydrogen-powered cars that experts believe can lessen greenhouse gas emissions.
New US liquefied natural gas (LNG) suppliers are seeing a shrinking window of opportunity as new supplies come online and Japan considers restarting some of its nuclear reactors. What does this mean for new LNG suppliers and the difference in natural gas pricing in North America and Asia?