Two major financial news publications, the Economist and The Wall Street Journal, published major articles in the past week arguing that the American nuclear renaissance has ended before it ever really began. While the articles differ slightly in their presentation, the basic common thread is that new nuclear power cannot …
What happened to gasoline prices the last time Obama invoked a coordinated release of the Strategic Petroleum Reserve? Before Obama announces the SPR release, the price is already declining. He announces, and the price continues to decline; then, it levels off and starts to go back up. Immediately upon the …
Americans are upset over the rising cost of gasoline. As the national average for regular unleaded climbs to nearly $4 per gallon, President Obama’s approval rating is headed in the opposite direction. As drivers pay closer attention to the price at the pump, they’re also growing more displeased with the …
Reuters reported that President Obama and Prime Minister David Cameron discussed jointly releasing oil from emergency reserves. Although the White House denied the report, releasing oil from our nation’s Strategic Petroleum Reserve is still not a good idea. The Strategic Petroleum Reserve (SPR), managed by the Department of Energy (DOE), …
In this week’s Heritage in Focus, expert James Gattuso discusses the punishing increase in government regulations in 2011. Click here to listen. How far above trend was last year’s increase in the regulatory burden? How can Congress put a stop to agencies that are effectively legislating regulatory rules? And where …
In a stunning round of questioning this afternoon, Energy Secretary Steven Chu said he no longer wishes for gas prices to rise to historic levels, as he has previously and repeatedly promoted. At a Senate Energy and Natural Resources Committee hearing, Senator Mike Lee (R-Ut.) asked Secretary Chu: “So are …
As gas prices continue to climb, approaching a nationwide average of nearly $4, lawmakers in Washington turned their attention to the drilling slowdown in the Gulf of Mexico. The House Subcommittee on Energy and Mineral Resources held the oversight hearing Thursday examining how the Obama administration’s policies have put a …
Tomorrow marks the one-year anniversary of the Great East Japan Earthquake, a massive jolt to the country that caused widespread damage and had ramifications on the economy and energy sector. Japan is still recovering a year later. This week on Scribecast, we spoke to Japan’s ambassador to the United States, …
