Gas prices keep rising, but do big oil companies plan to drill more? Not so far

Gas prices keep rising, but do big oil companies plan to drill more? Not so far

The war in Iran has pushed global oil prices higher, which boosts oil company revenues. But major U.S. oil companies aren't signaling plans to increase production to bring down prices at the pump.(Image credit: Joe Raedle)

If "Drill Baby, Drill" Is So Great, Then Why's Oil So Expensive?

The first time I heard the phrase “drill baby drill,” I was at the 2008 Republican National Convention in Minneapolis. GOPAC Chairman Michael Steele was speaking in the wind up t

Gas prices are spiking. So why aren’t U.S. oil companies drilling more?

As the U.S. and Iran fight for dominance in the Strait of Hormuz, U.S. gas prices are continuing to rise—and production might not keep up