Oil & Energy News

Warmer weather usually means more people getting out and driving—to stores, restaurants, baseball games, or sometimes, just to drive. Projections that gas prices could soon fall below $2 per gallon would usually be cause for celebration. But these aren’t usual times, are they? The reality is the implications for the U.S. economy are unclear. They…

Being “well intentioned” isn’t the same as doing well. Look no further than the recently introduced American Energy Innovation Act. The bill proposes an extensive federally funded and directed research, development, and demonstration program for advanced nuclear technologies through the Department of Energy. It’s Act 2 of the Nuclear Energy Leadership Act, the first half…

When you think of the word “innovation,” what comes to mind?  Maybe it’s something new and inventive—or something cutting edge, original, and creative. Or, if you’re in Washington, “innovation” is trotting out the same, stale approaches to policy that have done less to empower innovators and families and more to empower special interests. The latest…

America’s oil and gas production is like Super Bowl MVP Patrick Mahomes. Defies expectations. Continually amazes. Sets new records. Makes a lot of people very happy. Within the past decade, the United States has seen remarkable benefits as a result of the shale revolution. Fueled by innovation and American entrepreneurial grit, the U.S. surpassed Russia as the world’s largest…

“We can’t just drill our way out of the problem.” That was the oft-repeated phrase of President Barack Obama,  who throughout his presidency argued that the key to beating higher gasoline prices was to subsidize alternative energies, such as solar and wind. It was a common sentiment from those who fretted that the world had…

Don’t get me wrong. I love nuclear energy and think it has the power to change the world for the better. But Congress is working its way toward creating a new, $230 million-plus subsidy program for the nuclear energy sector that’s a waste of taxpayer resources, is problematic for the industry, and that totally ignores issues…

It’s that time of year again when Congress, feeling the pressure of budget negotiations and the year’s end, provokes the issue of expired or soon-to-expire energy tax credits. Congress has on the table roughly a dozen renewable energy tax subsidies covering wind, solar, electric vehicles, biofuels, and others. There’s a host of reasons why these…

Editor's Note: This article was originally published on May 19, 2018. It has been updated to include California Gov. Gavin Newsom’s call for an investigation into oil companies, California’s recent gas price increases, and news of the state’s wildfires. A gallon of gas costs more in California than in the rest of the country for…

Over the summer, President Donald Trump tweeted that his administration was working on an ethanol package that would be “Great for all!” Now that we have the Environmental Protection Agency’s draft proposal, we can see he was half right. It’s great, all right—for the politically connected. It’s costly for everyone else. The Renewable Fuel Standard,…

According to a new report published by the International Energy Agency, the United States could become the world’s largest exporter of liquefied natural gas as soon as 2024. Growing U.S. liquefied natural gas trade builds the domestic industrial sector and supports our national security interests abroad by providing America’s allies with more energy choice and…

Americans have been relieved by the drop in gas and oil prices in recent years, but other oil-producing countries aren’t so thrilled. Last week, the Organization of the Petroleum Exporting Countries agreed to continue to pinch oil production as it desperately tries to prevent a further drop in oil prices. Strong U.S. production has caused…

There is nothing environmentally conscientious about prematurely shutting down sound infrastructure that provides clean, low-cost, reliable electricity. Unfortunately, that’s exactly what state renewable energy mandates, federal energy subsidies, and policies like the Green New Deal would do to accommodate politically preferred renewable energy technologies. A new report from the Institute for Energy Research gives Americans…

As Memorial Day kicks off the summer season, hotdogs, cold beers, and pool openings aren’t the only things on the minds of Americans. AAA expects a record 37.6 million Americans to hit the road and drive more than 50 miles for the long weekend, which means gas prices are also on their minds. Nationally, gas…