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    Narrow Interest Blocks Big Pipeline

    The Obama Administration, encouraged by environmental groups, has blocked yet another affordable energy project—the Keystone XL Pipeline. Add this to the unconscionable slowdown of leasing and production in the Gulf of Mexico, foot-dragging on production in the Chukchi and Beaufort Seas, blocks on offshore production in the Atlantic and Pacific, … More

    Strait of Hormuz: U.S. Should Be Ready for the Next Oil Crisis

    Tensions are rising in the Strait of Hormuz. Iran has recently yet again threatened to close the strategic strait down over the threats from the European Union to impose an embargo on buying Iranian oil. The Europeans want to do that as a part of increasing efforts by the West … More

    Morning Bell: Obama's Magic Kingdom of Joblessness

    Yesterday in Walt Disney World, the land “where dreams come true,” President Barack Obama appeared before Cinderella’s Castle to announce his latest plan to boost jobs in America–an effort to increase tourism to the United States. His announcement came one day after he flat out said “NO” to another plan … More

    Obama’s "Forced" Keystone Decision Rejects Jobs, Energy, and Logic

    President Obama’s politically intoned decision to reject TransCanada’s permit application to construct a 1,700-mile pipeline from Alberta, Canada, to Texas refineries sent a clear message that special interest demands are of more importance than more energy and much-needed job creation. Building the pipeline would bring over 700,000 barrels of oil … More

    Markey’s Misguided View of Energy Exports

    Last week, Representative Ed Markey (D–CA) sent a letter to Secretary of Energy Stephen Chu questioning whether exporting natural gas would benefit American businesses and consumers. He wrote, “I am worried that exporting America’s natural gas would raise energy costs for American consumers, reduce the global competitiveness of U.S. businesses, … More

    Oil Prices Up, but Keystone Still in Limbo

    Americans started the week with a rude awakening — crude oil prices are up $3.80, or 3.8 percent, to $102.63 per barrel in New York today, according to the Associated Press. But despite the jump in oil prices, President Barack Obama is still sitting on his hands when it comes … More

    Morning Bell: War Games, An Energy Crisis, and the Iranian Threat

    The Strait of Hormuz lies between Iran and the United Arab Emirates, providing passage for some 15.5 million barrels of crude oil per day, amounting to one third of the world’s seaborne oil shipments. In a word, it is a 34-mile-wide chokepoint, making Iran’s threat this week to shut down … More

    Gas Prices at All-Time Christmas High

    Americans hitting the road this week are likely to encounter the highest-ever price for gas at Christmas in history. According to figures from AAA, the nationwide average for regular unleaded is $3.21 per gallon — an increase of 23 cents over last year’s Christmas record. This marks the second straight … More

    'NAT GAS' Energy Subsidies Would Enrich Pelosi

    House Minority Leader Nancy Pelosi (D-CA) has pushed for a piece of legislation that would directly enrich her financially. Pelosi owns a major stake in a company that would likely see its share prices rise significantly if the legislation is passed. The bill is called the New Alternative Transportation to … More

    Putin to Coordinate Oil Production with OPEC?

    Russian Prime Minister Vladimir Putin announced that his country, the world’s leading oil and gas producer, plans to work closely with the Organization of Petroleum Exporting Countries (OPEC), the oil cartel. Russia has long spoken about linking up with OPEC, but at this point the extent of its participation has … More