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    Venezuela Refinery Disaster Spotlights Chavez's Mismanagement

    Early on August 25, a gas leak in a storage facility at Venezuela’s largest refinery led to a deadly explosion that so far has claimed 41 lives and injured at least 80 others. The horrific accident took place in the Amuay refinery, part of the Paraguaná refinery complex, one of … More

    Ethanol Mandate Ignores the Free Market

    In the midst of one of the most severe droughts on record, Washington’s ethanol mandate is making the corn shortage even worse. Markets have responded quickly and flexibly to the drought where they can, but some corn buyers are sidelined by the rigid government ethanol mandate. Corn prices are skyrocketing, … More

    Morning Bell: The Energy Revolution and Its Discontents

    With all the gloomy economic news coming out of late, one bright spot flew under the radar last week: the United States is poised to be the proverbial center of the energy universe. A recent study by Harvard Research Fellow Leonardo Maugeri found that the United States’ incredible shale reserves represent “the … More

    LOST on the Web Ads

    You may have seen the Web ads: “Five Secretaries of State from Former Republican Administrations Endorse Law of the Sea Ratification,” they declare. The point is obvious: If these grizzled foreign-policy veterans support the Law of the Sea Treaty (LOST), so should you. But hold on. When it comes to … More

    VIDEO: 10 Years Ago Today, Dems Say ANWR Won't Yield Oil for 10 Years

    On April 17 and 18, 2002, a number of Senators took to the floor of the upper chamber to decry efforts to open the Arctic National Wildlife Refuge to fossil fuel exploration and development. Their objections voiced a common concern: ANWR wouldn’t begin to produce oil for up to ten … More

    EXPANDing to a Market Driven Energy Policy

    Typically, comprehensive pieces of energy legislation expand the government’s authority over the energy economy rather than minimize it. The 2005 and 2007 energy bills are good examples, and probably the most expansive was the failed cap-and-trade in 2009. And most recently the House-proposed water and energy appropriations bill continues to … More

    House Committee Subpoenas Interior Department on Gulf Coast Report

    A House committee issued a subpoena on Wednesday, demanding documents related to the administration’s Gulf Coast drilling permatorium. Republicans on the panel say the administration’s refusal to turn over documents made the action necessary. At issue is a controversial report issued by the Interior Department to justify its 2010 ban on new … More

    On Energy Policy, Navy Secretary Is Either Dishonest or Misinformed

    In response to a congressional inquiry regarding a Navy purchase of expensive biofuels, Secretary Ray Mabus made numerous claims that are either factually incorrect or misleading regarding federal energy policy and the nation’s oil reserves. Mabus was responding to concerns raised by Reps. Doug Lamborn (R-CO) and Mike Conaway (R-TX) … More

    You Can’t Fast Track Keystone XL by Denying Its Application

    Several news outlets are reporting that President Obama will call for expediting the permitting process for southern part of the Keystone XL pipeline when he visits Cushing, Oklahoma, this week. Expediting the permitting process for a part of the pipeline is great, and the quicker we can move forward with … More

    More to the Story on Nuclear Power and Cheap Natural Gas

    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 … More