President Obama announced today that the administration will open access to waters for offshore drilling in the Atlantic and eastern Gulf of Mexico. While the president should be commended for allowing oil and natural gas exploration and development in untouched water, the devil is in the details. Part of the …
As the national average of gasoline creeps to three dollars a gallon, economists are warning that high gas prices in the United States could slow the economic recovery. Other countries’ economies are recovering more quickly and increased production and activity is putting upward pressure on oil prices. That coupled with …
In what is being labeled as “Onshore Oil and Gas Leasing Reforms” Secretary of the Interior Ken Salazar announced tougher new leasing rules that will inevitably make it more difficult and more expensive to drill for oil in the United States. Despite the recession, gas prices have crept up steadily …
According to the Wall Street Journal, while speaking on “the sidelines of a smart grid conference in Washington,” Energy Secretary Steven Chu had this gem when speaking about you, the American people, and your embrace of his green jobs and global warming agenda: The American public…just like your teenage kids, …
The Waxman–Markey energy bill, which would restrict greenhouse gas emissions by creating a cap-and-trade system, was passed by the House in June and will likely be considered by the Senate soon. If this bill becomes law, gasoline prices would increase significantly in order to meet emissions limits imposed by the …
From the International Business Times: Valero Energy Corp. chief executive officer Bill Klesse hopes the Waxman-Markey bill, which includes a proposal to enact a cap-and-trade system in the country, is eventually defeated when it gets into the U.S. Senate, he said Tuesday. The executive, who leads the largest independent oil …
It’s summer and that means gas prices are creeping up and although projections indicate we’re not headed toward $4-a-gallon gas; last summer was a fresh reminder of just how quickly gas prices can skyrocket. Despite America’s overwhelming public support for more drilling, the White House has put many drilling projects …
