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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news
Why Republicans Are Calling for Higher Gas Taxes in This State
Georgia residents could soon see prices surge at the pump, as lawmakers consider a bill that would significantly raise taxes on gas so the state can afford $1 billion in transportation needs. Georgia’s Republican-led legislature generally agrees on two things: the need to raise a billion dollars to improve roads and bridges (which amounts to… -
opinion
Republicans, Democrats Should Stop Asking for Energy Favoritism
An exchange Thursday in a House hearing illustrated what’s wrong with America’s energy policy. During the Department of Energy budget hearing Thursday, House Appropriations Chairman Hal Rogers, R-Ky., had a few choice words for Energy Secretary Ernest Moniz, saying that the Energy Department had not invested enough in carbon capture and sequestration technology (which has been… -
news
Study: Government’s Control of Land Is Hurting Oil Production, Job Growth
Current government regulations imposed by the Bureau of Land Management are harming energy production and holding back the U.S. economy, a new study reveals. “While federally owned lands are also full of energy potential, a bureaucratic regulatory regime has mismanaged land use for decades,” write The Heritage Foundation’s Katie Tubb and Nicolas Loris. The report… -
opinion
Why It’s Better That Markets, Not the Government, Guide Energy Policy
Almost every activity that improves our quality of life requires energy. We don’t question how the lights stay on, or how groceries get to the stores where we need them. But it happens. Without a doubt, the adage, “You don’t know what ya got ’til it’s gone” applies to energy. We get upset when our… -
opinion
Don’t Waste Energy on Fossil Fuel Divestment
Global Divestment Day(s) take place Feb. 13-14, and a movement is afoot to encourage entities to sell their portfolios of conventional fuel stocks. According to a new study, the strategy, known as fossil fuel divestment, would be a loser for those who participate. But more importantly, encouraging divestment ignores the massive benefits conventional fuels bring… -
opinion
The Role of the Military on U.S. Soil
The role of the military on U.S. soil is frequently misunderstood when it comes to the question: Who is in charge? This generally stems from confusion over the different homeland oriented missions: homeland security, homeland defense, and defense support of civil authorities. The lack of guidance in this area prompted Bert Tussing, professor of national… -
opinion
Solyndra, Fracking Boom Prove Private Sector, Not Government, Best at Picking Energy Winners
If you’re like most Americans, you’re enjoying the fact that it costs a lot less to fill up your car’s gas tank these days. If you’re a fan of big government, you may feel a bit ambivalent, though. Why? Because one of the biggest drivers behind the drop in gas prices is the rise in… -
news
Operation Choke Point: 7 Real Life Stories From Vegas
LAS VEGAS — What does the gun industry think of Operation Choke Point? Last week at the 2015 Shot Show, which is the industry’s largest trade exhibition, The Daily Signal asked attendees what they think of the controversial government initiative. The program, which was designed by the Justice Department in 2012, has been criticized for… -
opinion
Repealing the Jones Act: Good for Energy, Great for America
On January 13, Senator John McCain (R–AZ) filed an amendment to S. 1, the Keystone XL Pipeline Act, that would repeal part of a 95-year-old protectionist policy that does not allow foreign seagoing vessels to engage in trade between United States ports. Though it ultimately did not go to a vote, McCain’s amendment would have… -
opinion
Steep Decline in Price of Oil Plays into Congressional Budget Outlook
The recent decline in gas prices has not only left a little more cash in Americans’ pockets, it has contributed to a sizeable increase in economic output. According to the Congressional Budget Office’s (CBO) annual report, Budget and Economic Outlook, the decline in oil and gas prices that occurred between August and December of 2014… -
news
How Much is Your State Paying for a Gallon of Gas? This Cool Map Will Show You.
What is the average price of gas in your state? Researchers at Debt.com have put together a map to show you. Debt.com’s interactive map allows users to see their state’s average gas price-simply by hovering their cursor over the state. Clicking a state will show you its average price for the last 10 years: You… -
news
Is $5 a Gallon Gas on Its Way? This Expert Thinks So
You might want to consider filling up your tanks, America. One expert is warning $5 per gallon gas is on its way. John Hofmeister, the former president of Shell Oil, warns that we should “[e]njoy the price, because it’s going to go back up.” “The next round of high prices is likely to start later… -
news
Is It True That Low Gas Prices Hurt the Economy?
Low prices at the pump are good for consumers, but are they hurting the American economy? Though oil prices fell below $50 per barrel as of Monday, Jack Gerard, CEO of the American Petroleum Institute, the largest U.S. lobbying arm for the oil and natural gas industry, expressed little concern. Speaking at the annual “State… -
news
As Gas Prices Tumble, States Feel Pinch of Less Tax Revenue
Reduced gasoline prices are good news for drivers across the country, but they’re causing headaches for budget directors in oil-producing states who are now revising their numbers downward and hoping prices stabilize quickly. “I haven’t seen anything this rapid in my time,” Oklahoma Finance Secretary Preston Doerflinger said. “I don’t think we’ve seen anything in… -
opinion
Whether Gas Prices Are High or Low, Lift the Ban on Crude Exports
Gasoline prices continue to drop across the country with the national average falling to $2.50 per gallon. Are low prices good or bad for the prospects for lifting the ban to export crude oil? The reality is it shouldn’t matter because energy free trade will benefit the United States in both the near term and… -
news
In These 13 States, Gas Is Selling for Below $2 a Gallon
Just two weeks ago, a sole gas station in Oklahoma swept headlines for dropping gas prices below $2 a gallon. Today, 13 states have joined that list, and the trend is expanding. Gas for less than $1.90 a gallon can be found in at least one station in Oklahoma, Louisiana and Ohio, according to CNN…. -
opinion
CRomnibus Perpetuates More of the Same: Government Meddling in Energy Markets
Who needs another stimulus bill or legislation handing out taxpayer dollars for energy efficiency when they can be stuffed into the Cromnibus like a Christmas stocking at the end of the year? The Department of Energy’s budget is much of the same: bureaucrats will be spending money they shouldn’t on activities the private sector should… -
opinion
Feeling Better at the Pump? Since 2008, America’s Oil Supply Has Grown by 50%
If you're like most Americans, you haven't been questioning the welcome drop in gasoline prices. You just fill 'er up and feel grateful that you're spending less. Why has this remarkable drop come about? And what can we do to help keep prices lower? Some of it, unfortunately, is beyond our control. Worldwide demand for… -
opinion
Chart of the Day: U.S. Oil Production by the Numbers
As news stirs around OPEC's decision to not cut oil production, we've pulled together the chart below with a closer look at the surging production in the United States. Energy expert Nick Loris, the Herbert and Joyce Morgan fellow at The Heritage Foundation, argues that even if OPEC had decided to cut oil production, it wouldn't be a… -
opinion
Even If OPEC Had Decided to Cut Oil Production, It Wouldn’t Be a Huge Deal. Here’s Why.
As oil prices decline, the Organization of Petroleum Exporting Countries has decided not to cut oil production. OPEC’s production decision is not a new one. And the group of oil-producing nations could very well announce a cut in oil supply in the future if oil prices continue to fall. Either way, the price impact from…