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    Releasing Oil from SPR Still Not a Good Idea

    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), … More

    In the Green Room: Senator Lamar Alexander on the Wind Energy 'Scam'

    Senator Lamar Alexander (R-TN) is the ranking Republican on the Appropriations subcommittee dealing with environmental issues. He is currently working to end subsidies for wind power, an energy source that he dubs “a scam.” “We don’t have the money” to continue the subsidies, Alexander told Heritage in our latest segment … More

    CBO Debunks Myth That Tax Code Favors Oil Over Renewables

    Environmental activists and liberal politicians are fond of bemoaning the supposedly disproportionate tax benefits that go to the fossil fuel industry compared to its renewable energy competitors. The president specifically has made “ending tax breaks for oil companies” a pillar of his paltry efforts to reduce the federal deficit. But … More

    Lunch with Heritage Chat on Gas Prices

    Gas prices are alarmingly high these days, and the administration is doing little about it. Click here to join us right now for our “Lunch with Heritage” web chat. We are joined by Heritage expert David Kreutzer and he is taking your questions about what the administration has done to … More

    Morning Bell: White House Wants to Keep Gas Prices High

    With the national average of gas prices hitting $3.65 a gallon, nearing $6 in some parts of the country, and poised to head even higher, America’s families are wondering when the bleeding at the pump will stop. But for Secretary of Energy Stephen Chu, those steep prices aren’t even a … More

    Obama - For Keystone or Against It?

    The Obama Administration voiced its support Monday regarding TransCanada Corporation’s plans to construct the interstate portion of the Keystone XL pipeline that does not require presidential approval. Remember that President Obama rejected TransCanada’s permit application to construct a 1,700-mile pipeline from Alberta, Canada, to Texas refineries just this January. Has … More

    Wind Subsidies vs. Oil Subsidies

    In sharp contrast to wind turbines, the wind lobby is spinning at 100 percent capacity—in order to keep the industry in the taxpayers’ pockets. Their dizzying logic makes you wonder if they have been riding the blades instead of examining the facts. First, they make two contradictory assertions: (1) Wind … More

    Schumer, Who Opposed Keystone XL, Calls for More Saudi Oil Production

    Responding to record-high gas prices and a potential for further disruptions in supply, Sen. Chuck Schumer (D-NY) on Monday requested that the State Department pressure Saudi Arabia to increase its oil production. The senator’s concerns are twofold: “Schumer called on the State Department to press the Saudis to publicly commit … More

    Misguided: Tapping the SPR Just to Do "Something" About High Gas Prices

    Democrats are urging President Obama to tap the Strategic Petroleum Reserve (SPR) to avert “potential danger to the economy” and improve “the [P]resident’s reelection chances,” Politico reports. Tapping the SPR, which exists for moments of national crisis, would constitute playing politics with a national security asset in addition to being … More

    Act of Desperation: Iran Halts Oil Shipments to U.K., France

    Iran’s decision to halt oil shipments to the U.K. and France last weekend is a weak retaliatory measure against European actors for tougher sanctions. Despite this largely symbolic measure, Iran did manage to surprise world markets and drive up the price of oil. The U.K. imposed its hardest-hitting sanctions to … More