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Oil

How an oil shortage in the 1970s shaped today's economic policy

by Kai Ryssdal
May 31, 2016
Meg Jacobs details the effects of U.S. dependency on foreign oil in her new book.
An attendant at a Texaco petrol station on 1st Avenue and 37th Street, New York, during a fuel shortage in June 1979.  
Brian Alpert/Keystone/Hulton Archive/Getty Images
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Oil bust forces Texas H-1B visa holders to exit country

by Marketplace Contributor
May 18, 2016
As layoffs continue, foreign-born oil workers have little choice but to go home.
Workers construct new sidewalks in the Permian Basin oil field on January 21, 2016 in the oil town of Midland, Texas.
Spencer Platt/Getty Images
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Arctic drilling off Alaska is disappearing

by Jed Kim
May 10, 2016
Oil companies, such as Royal Dutch Shell and ConocoPhillips, are largely walking away from many of their Arctic leases.
The tide comes in on a beach along the Chukchi Sea in Shishmaref, Alaska.
Andrew Burton/Getty Images
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Fires and those who have been fired cause oil uncertainty

by Jed Kim
May 9, 2016
Saudi Arabia has a new oil minister. Canada has the worst wildfires in years.
Khalid al-Falih speaking during a press conference last year.
MOHAMMED AL-SHAIKH/AFP/Getty Images
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How West Texas is surviving the oil bust

by Lorne Matalon
Apr 27, 2016
The nation's highest-producing oilfield in west Texas hasn't seen a drop in production. Until now.
A frack operation in the Permian Basin of Texas, the nation's highest-producing oilfield. The Basin was once the floor of an ancient seabed that today is laden with hydrocarbons.
Lorne Matalon/Marketplace
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Saudi Arabia is pushing for the biggest ever IPO

by Jed Kim
Apr 26, 2016
The kingdom is selling a slice of its oil company to wean itself off the oil industry.
Aramco's Al-Khurais central oil processing facility.
MARWAN NAAMANI/AFP/Getty Images
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The 31-year-old prince who wants to ease Saudi Arabia off oil

by Kai Ryssdal
Apr 22, 2016
Mohammed bin Salman has a plan to bring his kingdom into the post-carbon future.
Saudi Prince Mohammed bin Salman, second from left, wants to find new revenue streams for his kingdom.
FAYEZ NURELDINE/AFP/Getty Images
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The OPEC haves and have nots

by Scott Tong
Apr 19, 2016
Some oil-producing nations are in dire financial condition because of low oil prices
Qatar's Minister of Energy and Industry Mohammed Saleh al-Sada (R),Saudi Arabia's minister of Oil and Mineral Resources Ali al-Naimi (C), Venezuela's minister of petroleum and mining Eulogio Del Pino (L) attend a press conference on February 16, 2016 in the Qatari capital Doha.
OLYA MORVAN/AFP/Getty Images
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Oil producers talk, but the market is in control

by Scott Tong
Apr 15, 2016
OPEC members and other nations want to freeze oil production, but the supply of crude is already falling.
Saudi Arabia's minister of Oil and Mineral Resources Ali al-Naimi is surrounded by journalists at the OPEC headquarters in Vienna, on December 4, 2015.
JOE KLAMAR/AFP/Getty Images
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Oil price slump hampers Nigerian economy

by Amy Scott
Apr 13, 2016
The economy of the oil-dependent nation has been shaken by falling revenues.
Naira banknotes, Nigeria's currency.
PIUS UTOMI EKPEI/AFP/Getty Images
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