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    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

    Timeline: Keystone's Three Years in Limbo

    President Obama announced he was rejecting the Keystone XL pipeline project Wednesday, blaming Republicans in Congress for forcing him to make a decision. The pipeline would have transported up to 830,000 barrels of oil per day from Alberta, Canada to Oklahoma and Texas. “This announcement is not a judgment on … More

    House Committee to Consider Bill to Advance Keystone Pipeline

    In the wake of President Obama’s decision to shut down the Keystone XL pipeline on Wednesday, the House Energy and Commerce Committee has scheduled a hearing to review legislation that would restart the project, and give oversight responsibility to an agency the bill’s proponents say is less politically motivated than … 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

    Iranian Threats Reflect Intensifying Confrontation over Its Nuclear Program

    Iran’s Islamist dictatorship has escalated its bellicose rhetoric in recent days, boasting about its ability to disrupt oil exports from the Persian Gulf and warning that U.S. Navy warships (particularly the aircraft carrier USS John C. Stennis, which recently exited the gulf) could be attacked in the future. Iran has … 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

    Delay, Baby, Delay: Obama Decision Puts Up to 200k Jobs on Hold

    First, it was 20,000 jobs the Obama Administration delayed by punting a decision to approve the Keystone XL pipeline, which would bring 700,000 barrels of oil per day from Canada into the United States. Multiply that number by 10 and you have the amount of jobs the President is putting … 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

    Obama Delays Keystone Pipeline: Delays Jobs and Energy, Too

    The Obama Administration announced it would delay the construction of the $7 billion Keystone XL pipeline that would bring in more than 700,000 barrels of oil per day from Alberta, Canada, to the Texas Gulf coast. What this delay really means is that President Obama is putting off an important … More