Organization Of Petroleum-Exporting Countries

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A pump jack for pulling oil from the ground is seen here near New Town, N.D., on Feb. 25, 2015. (Associated Press) **FILE**

OPEC sees oil prices rising more slowly amid glut of crude

By DAVID KOENIG - Associated Press

Chart to accompany Moore article of July 4, 2016

Happy American Energy Independence Day

By Stephen Moore

Power of American Energy Illustration by Greg Groesch/The Washington Times

FRED UPTON: Unleashing power of American energy

By Fred Upton

FILE - In this May 8, 2015 file photo, gas station attendant Carlos Macar pumps gas in Andover, Mass. The economy is thought to have shrunk in the January-March quarter and may barely grow for the first half of 2015 _ thanks in part to sharp cuts in energy drilling. And despite their savings at the gas pump, consumers have slowed rather than increased their spending. (AP Photo/Elise Amendola, File)

EDITORIAL: Gas prices low thanks to American oil industry ingenuity, not Obama

By THE WASHINGTON TIMES

Oil-drilling rigs (AP Photo)

U.S. drillers scrambling to thwart OPEC threat

By Jonathan Fahey - Associated Press

Illustration on Obama's decision to close ANWR to drilling by Alexander Hunter/The Washington Times

ROB BISHOP: Obama’s arctic drilling ban a win for America’s energy adversaries

By Rob Bishop

$In this March 29, 2013, file photo, workers tend to a well head during a hydraulic fracturing operation at an Encana Oil & Gas (USA) Inc. gas well outside Rifle, Colo. Discoveries of vast reserves of oil and the slow progress of alternatives in recent years has given rise to a very different outlook on oil prices. (AP Photo/Brennan Linsley, File)-FILE$

Boulder County town rejects drilling ban in latest defeat for Colo. anti-fracking forces

By Valerie Richardson - The Washington Times

From left to right, Richard Doidge Managing Director of Maersk Oil Middle East, Suhail bin Mohammed al-Mazroui, UAE Oil Minister and Fouad Siniora former Lebanese Prime Minister take part in the 6th Gulf Intelligence UAE Energy Forum in Abu Dhabi, United Arab Emirates, Tuesday, Jan. 13, 2015. (AP Photo/Kamran Jebreili)

UAE energy minister: No change in OPEC policy amid oil slide

By Aya Batrawy - Associated Press

Qatari Oil Minister Mohammed bin Saleh al-Sada, center, speaks during the Gas Exporting Forum where gas exporting countries had their 16th ministerial meeting in Doha, Qatar, Tuesday, Dec. 16, 2014. (AP Photo/Osama Faisal)

Qatar energy minister: OPEC monitoring oil’s slide

Associated Press

The secretary-general of OPEC, Abdullah al-Badri, talks at a panel during the Arab Strategy Forum during the opening day in Dubai, United Arab Emirates, Sunday, Dec. 14, 2014. Al-Badri is urging Gulf Arab nations to continue investing in oilfield development despite the sharp slide in crude prices. (AP Photo/Kamran Jebreili)

OPEC chief urges oil investment despite low prices

By Adam Schreck - Associated Press

Illustration on Saudi Arabia's strategic use of its oil supply by Linas Garsys/The Washington Times

ROBERT McFARLANE: Saudi Arabia lets low oil prices squeeze OPEC partner, Shiite rival Iran

By Robert McFarlane

In this Oct. 14, 2014 file photo, an oil pump works at sunset in the desert oil fields of Sakhir, Bahrain. The price of oil has fallen by nearly half in just six months, a surprising and steep plunge that has consumers cheering, producers howling and economists wringing their hands over whether this is a good or bad thing. (AP Photo/Hasan Jamali, File)

Why oil is down by half, what it means for you

By Jonathan Fahey - Associated Press

In a clear dig at global leader Saudi Arabia, Iranian President Hassan Rouhani Wednesday angrily denounced what he called a "conspiracy against the Muslim world" in the cartel's failure to cut back production even as prices have plunged. (Associated Press)

Oil prices plummet worldwide as OPEC infighting intensifies

By David R. Sands - The Washington Times

Motorist Jerry Reed watches the pump display while filling up his tank at a gas station, Thursday, Oct. 30, 2014, in Atlanta. (AP Photo/David Goldman) ** FILE **

JOSEPH CURL: Cheap gas prices? Obama’ll fix that

By Joseph Curl

People wait to cross a street in front of a Shell filling station with the electric indicator showing a liter of regular gas price, top, at 148 yen, or $1.25, per liter (554 yen, or $4.69 per gallon) in Tokyo Friday, Nov. 28, 2014. A renewed plunge in oil prices is a worrying sign of weakness in the global economy that could shake governments dependent on oil revenues. It is also a panacea as pump prices fall, giving individuals more disposable income and lowering costs for many businesses. Partly because of the shale oil boom in the U.S., the world is awash in oil but demand from major economies is weak so prices are falling. The latest slide was triggered by OPEC’s decision Thursday to leave its production target at 30 million barrels a day. Member nations of the cartel are worried they’ll lose market share if they lower production. (AP Photo/Koji Sasahara)

Oil plunge is threat and boon to global economies

By The Associated Press - Associated Press

Secretary General of OPEC Abdalla Salem El-Badri of Libya speaks during a news conference after a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Thursday Nov. 27, 2014. OPEC oil ministers have decided to keep their present output target at 30 million barrels a day, despite an oversupply of crude and plunging prices. (AP Photo/Ronald Zak)

OPEC keeps oil output on hold despite low prices

By George Jahn - Associated Press

OPEC unity tested by low prices, oil glut

By George Jahn - Associated Press

Saudi oil minister Ali al-Naimi is surrounded by journalists during the Organization of Arab Petroleum Exporting Countries (OAPEC) meeting Saturday in Cairo, Egypt. OPEC oil ministers downplayed expectations of, but didn't dismiss outright, an immediate output cut as they faced a third test in as many months of their ability to engineer a rebound in oil prices. (Associated Press)

Saudis suggest no need for OPEC output cut

Associated Press

In this Oct. 14, 2014 file photo, an oil pump works at sunset in the desert oil fields of Sakhir, Bahrain. The price of oil took another sharp tumble Thursday, Nov. 13, 2014, as it appeared increasingly unlikely that OPEC members will cut production to staunch a plunge in prices that is entering its fifth month. (AP Photo/Hasan Jamali, File)

As OPEC faces tough test, lower oil prices loom

By Jonathan Fahey - Associated Press

In this Dec. 13, 2009, file photo, oil personnel work at the Rumaila oil refinery, near the city of Basra, Iraq. OPEC's purpose is to coordinate oil output to keep prices high and stable, to maximize member countries&#8217; revenue but make sure global demand for oil stays strong. A steep, coordinated cut in output could stop and possibly reverse what has been a 30 percent decline in price over five months. (AP Photo/Nabil al-Jurani, File)FILE

Guessing game: What are OPEC nations thinking?

By Jonathan Fahey - Associated Press