Oil & Energy News

Reports on oil drilling, pipelines, and energy policy debates. Conservative analysis and commentary included from The Daily Signal.
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  • opinion

    More Ethanol Means Higher Prices, and Not Just for Gasoline

    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,…
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  • news

    Pump Price Over $4 a Gallon Gives Californians Gas Pains

    A dollar won’t take you very far in California these days.  Today, the state has an average gas price of $4.18 per gallon, more than $1.50 higher than the $2.64 per gallon average from every other state, according to the American Automobile Association. California has the highest gas taxes in the nation at an average…
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  • opinion

    How Natural Gas Exports Are Giving America a Key Edge

    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…
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  • opinion

    Oil-Rich Countries Need to Diversify and Liberalize

    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…
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  • news

    The Hard Facts Behind Venezuela’s Oil Crisis

    The citizens of Venezuela have gotten used to spending days parked in mile-long lines for state-owned gasoline as shortages worsened for the nation, which holds the largest oil reserves in the world. In the capital of Caracas, hundreds of motorists waited in lines last month while carrying rocks and pipes to defend themselves as Venezuela’s…
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  • opinion

    Hidden Costs of Energy Mandates

    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…
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  • news

    US Reliance on OPEC Oil Hits 30-Year Low

    U.S. crude oil imports from the Saudi Arabian-led OPEC fell to a 30-year low, according to the latest federal figures. OPEC imports fell to 1.5 million barrels per day in March, which is the lowest level since March 1986, the U.S. Energy Information Administration reported Thursday. The Energy Information Administration said OPEC imports fell “as domestic…
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  • opinion

    What Drives Gas Prices Up, and How We Can Steer Them Down

    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…
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  • news

    Democrats Back Bill to Ban Sale of Gas-Powered Cars by 2040

    Democrats will introduce legislation to mandate zero-emissions vehicles make up all new car sales by 2040. The bill is co-sponsored by three Democrats running for president in 2020 who support the Green New Deal. The internal combustion engine has long been a target for environmentalists. Democrats will introduce legislation to completely phase out the use…
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  • news

    Over 100 House Democrats Demand Extending Billions Worth of Green Energy Subsidies

    More than 100 House Democrats are demanding legislation to extend billions of dollars worth of green tax subsidies to counteract the Trump administration’s energy agenda and to “prepare” the U.S. for global warming. Democrats called for extending tax subsidies for green technologies—including wind turbines, solar panels, electric cars, energy efficiency, biofuels, and energy storage—in a…
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  • opinion

    3 Takeaways From Trump’s Energy Budget Proposal

    We can’t ignore the numbers when talking about the federal budget. Twenty-two trillion dollars in the hole is a scary place to be, and President Donald Trump’s budget proposes some good steps toward climbing up and out. But when we’re talking about the Department of Energy’s budget, there’s a lot more to be said. Congress…
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  • opinion

    Parents Embroiled in College Scam Gave Democrats Twice as Much as Republicans

    When the college admissions scandal first broke, we opined that this was most likely just the tip of the iceberg and that there was much more to come. We were right.  In the little more than a week since the indictments, during which several civil lawsuits were filed against the universities by former applicants, we…
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  • news

    Ocasio-Cortez Blames Pipeline That Hasn’t Been Built Yet for an Oil Spill

    Democratic New York Rep. Alexandria Ocasio-Cortez blamed the Keystone XL pipeline for leaking about 5,000 barrels of oil in rural South Dakota about two years ago. There’s just one problem: The Keystone XL pipeline has not been built yet. During a House hearing Tuesday, Ocasio-Cortez claimed that “Keystone XL, in particular, had one leak that…
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  • opinion

    Congress Should Keep Its Promise to End Energy Subsidies

    As Americans work to file their taxes, Congress is setting to work on a package of expired tax credits this spring to enrich a few energy technologies at the expense of federal taxpayers. Sens. Charles Grassley, R-Iowa, and Ron Wyden, D-Ore., of the Senate Finance Committee last week introduced a bill that would retroactively renew…
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  • news

    ‘Terrible Idea’: Michigan’s Democratic Governor Pushes an Enormous Gas Tax Increase

    Democratic Michigan Gov. Gretchen Whitmer is proposing what some opponents are calling a draconian gas tax increase to fix the state’s crumbling road infrastructure. Whitmer’s budget proposal will include a 45-cent gas tax increase, which would be phased in over three separate intervals, the governor’s spokeswoman Tiffany Brown told reporters Monday. The rate would begin increasing in October,…
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  • news

    New EPA Chief Implementing Trump’s Energy-Dominant, Environmentally Friendly Agenda

    Andrew Wheeler was confirmed by the Senate last week as administrator of the Environmental Protection Agency. Wheeler previously served as deputy administrator before stepping into the role of acting administrator in July 2018. He visited the Conservative Political Action Conference last week and spoke to The Daily Signal. A lightly edited transcript is below. Rob…
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  • opinion

    America’s Christmas Gift to the World: More Energy Freedom

    Over the past few months, Energy Secretary Rick Perry has been delivering an important message to our country’s allies: America’s energy renaissance is your gift, too. As Perry said at the beginning of the year, “The United States is not just exporting energy, we’re exporting freedom.” Now, he’s delivering that message in person. Perry has…
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  • opinion

    Climate Change Alarmism Is the World’s Leading Cause of Hot Gas

    Even as anti-gas tax riots raged in France this week, naturalist David Attenborough warned a crowd at a United Nations climate change summit in Poland that “the collapse of our civilizations and the extinction of much of the natural world is on the horizon.” U.N. General Assembly President Maria Espinosa told the media that “mankind”…
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  • opinion

    In France and the US, a Tale of 2 Energy Policies

    When it comes to the energy and climate policies of the United States and France, there’s a clear fork in the road. If the past few weeks were any indication, families would rather take the path that avoids expensive, ineffective climate policies. The Trump EPA is leading America down that path marked by energy abundance…
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  • opinion

    Green Energy Mandates Could Double Your Electric Bills

    Business and homeowner utility costs could double in many states if environmental groups succeed in enacting draconian solar and wind power mandates in states across the country. Yet these mandates will have almost no impact in cleaning the air or reducing greenhouse gas emissions. In Arizona and Nevada, voters will decide on Nov. 6 whether…
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