shale oil

A pumpjack sits on the outskirts of town at dawn in the Permian Basin oil field on Jan. 21, 2016 in the oil town of Midland, Texas.

Record U.S. Oil Production Is Keeping Crude Prices From Spiking

A shale oil boom has created slack in the global supply chain.

Donald Trump at a rally May 5, 2016 in Charleston, West Virginia. (BRENDAN SMIALOWSKI/AFP/Getty Images)

Trump’s Iran Policy Is Blowing Up His Energy Agenda

The U.S. president wanted to be energy independent, but he’s forcing his country to get more deeply involved in the global oil market.

SAN FRANCISCO - MAY 31:  Gas customers wait in a long line to get discounted gasoline May 31, 2007 in San Francisco, California. Shell gas station owner Bob Oyster dropped his gas prices to below $3.00 per gallon for all grades as he prepares to close his gas station after Shell Corporation attempted to raise his rent to over $13,000 per month. Hundreds of people lined up for the cheap gas, some waiting as long as 40 minutes.  (Photo by Justin Sullivan/Getty Images)

The Promise and Peril of Cheap Oil

Everyone likes $2 gasoline. But what if it's bad for the long-term growth of the U.S. economy — and for global stability?

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