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    Gas Prices: There Are Things the Government Can Do

    Gas prices have been consistently climbing across the country, up 46 cents per gallon in the past month and 20 cents higher than they were a year ago today. The pain at the pump appears to be on everyone’s front burner, except in Washington, D.C., where all the attention is … More

    Matt Damon's Anti-Fracking Movie Financed by Oil-Rich Arab Nation

    A new film starring Matt Damon presents American oil and natural gas producers as money-grubbing villains purportedly poisoning rural American towns. It is therefore of particular note that it is financed in part by the royal family of the oil-rich United Arab Emirates. The creators of Promised Land have gone … 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

    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

    Heritage Findings Reaffirmed: U.S. Not Ready for a Massive Oil Crisis

    The United States lacks effective energy policy responses in the event of a major oil crisis. This was the conclusion reached at a recent simulation by Securing America’s Future Energy. Little surprise here: We arrived at the same conclusion in three energy simulation exercises conducted at The Heritage Foundation in … More

    Shell Game Is Not an Energy Policy

    Releasing 30 million barrels of petroleum from strategic reserves is not an energy policy, and it is not an especially useful response to either short-run or long-run pressures on gasoline prices. Because the release is scheduled to stop in 30 days, market adjustments will partially offset the release’s impact in … More