BP, which owns 47 percent of Alyeska, is the largest single owner of the pipeline operator. Exxon Mobil and ConocoPhillips also holds a stake in Alyeska.

Increase in barrel tax is designed to provide a fund for future oil cleanups similar to the disaster in the Gulf of Mexico.

Virginian representatives clash over whether the recent accident in the Gulf of Mexico should impact expanded drilling off its State shores.

While there might be plenty of oil left below the surface of our planet, it won’t be enough to prevent an oil shock in the short-term future.

Despite standing firm on tapping oil from the Green River Formation, representatives claim that the White House is open to developing all energy resources.

We should see $100/bbl crude oil shortly, and $4 gasoline is certainly not out of the question.

State legislature hopes to offset budget problems by increasing the barrel tax by 2000%.

Global study is designed to examine whether private fuel producers are paying enough for drilling on Federal lands.

President Obama's push to engage in off shore fuel exploration is a complete change from his pre-election stance.

Gas prices are nearly 70 cents higher than a year ago, but Saudi Arabian Oil Minister Ali al-Naimi says that current crude oil prices are “beautiful.”