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Oklahoma poised to become top oil producer, Continental Resources CEO Harold Hamm says Surging crude production in Oklahoma has the state on the verge of becoming the nation’s third-largest source of oil, according to officials at Continental Resources Inc. by Jay F. Marks Modified: June 6, 2014 at 10:00 pm •  Published: June 5, 2014   Oklahoma is poised to cash in from the ongoing U.S. oil boom, according to one of the nation’s foremost experts on the topic.Continental Resources Inc. CEO Harold Hamm said tax incentives meant to encourage horizontal drilling have done their job, as Oklahoma’s oil production is...

Growing U.S. crude oil production has placed the nation within spitting distance of the world's largest producers, Saudi Arabia and Russia, and has made the U.S. more significant on the world energy stage than Iran, China, Iraq or Venezuela. The state of Texas has a significant role to play in this growth, with production anticipated to reach 2 million barrels of oil per day (MMbopd) in the next few years, thanks to Eagle Ford shale, Permian Basin fields and other plays, said Texas Railroad Commissioner Barry Smitherman. "We've been blessed with abundant natural resources such as oil, natural gas, coal,...

Dorset man smuggling parts to Iran, says US By Patrick Sawer A British pensioner is at the centre of a worldwide police hunt after being accused by United States authorities of smuggling military parts to Iran. Brian Woodford, 77, who owns a 17th century manor house and 100-acre estate in Dorset, has been charged in his absence with selling millions of pounds worth of US military and civilian aircraft parts to the Islamic regime in Tehran. His wife Laura was arrested after arriving at San Francisco on a flight from Hong Kong with two catalogues from a Chinese company that...

weapons trader wanted by multiple federal agencies for allegedly selling sensitive technology to Iran was arrested late last month, court documents and a U.S. government official confirm to ABC News.

Is the U.S. Failing in Afghanistan? It was malice in wonderland at the Senate Foreign Relations Committee on Thursday as Bush Administration envoys insisted things are getting better in Afghanistan, while angry lawmakers from both parties cited facts and figures showing just the opposite. Even the senior Republican on the panel, Senator Richard Lugar, found the Administration's claims wanting. "I'm not sure that we have a plan for Afghanistan," he said. Long seen as the "forgotten war" eclipsed by Iraq in U.S. priorities, Afghanistan is in the Washington spotlight this week with the release of three independent reports concluding...