The Oil Barrel; The Oil Barrel. 2 minute read. Kate Pickert. August 26, 2009 12:00 AM EDT. ... and leading 25-year-old John D. Rockefeller to form what became the Standard Oil Co.

California's oil fields have yielded about 27 billion barrels of oil. Typically, producers have walked away after extracting only 20 to 30 percent of the oil underground.

The funny thing is that only four days earlier, Rystad Energy reported that they estimated growth in reserves in old fields of 151 billion barrels over the previous four years. (And no, two thirds ...

The Nunavut government says it's working on a clean-up plan after reports of an oil spill near Arctic Bay. Photos posted to ...

CORRUPTION: Old Oil. 6 minute read. ... barons met in a Manhattan hotel room and the now-extinct Continental Trading Co. of Canada bought 33,333,333 bbls. of oil for $1.50 per barrel.

Pemex plans to reopen mature oil wells to counter a steady decline in production, aiming for 1.8 million barrels per day despite financial and quality challenges.