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
Are Libertarians a ‘Spoiler’ for the GOP? Here’s John Stossel’s Take
Republican candidate Ed Gillespie trails Democratic Sen. Mark Warner by 16,727 votes in Virginia’s razor-thin U.S. Senate race. It’s so close the Associated Press won’t call it. The margin between Gillespie and Warner is much smaller than the 53,396 votes for Libertarian Robert Sarvis. So, was Sarvis a spoiler? On Thursday’s Varney & Co. on… -
opinion
The True Reason Gas Prices Are Falling (Hint: It’s Not Because of Green Energy)
American workers and motorists got some badly-needed relief this week when the price of oil plunged to its lowest level in years. The oil price has fallen by about 25 percent since its peak back in June of $105 a barrel. This is translating to lower prices at the pump with many states now below… -
opinion
Governor Jindal: Energy Exports Help the U.S. Domestically and Diplomatically
Louisiana Gov. Bobby Jindal recently spoke at the American Enterprise Institute to introduce his vision for defense policy. He pointed out that America has a tool at its disposal that isn’t the traditional weapon or diplomatic position: America’s vast energy supply. Jindal said energy exports can strengthen ties with allies who need energy and can counterbalance… -
opinion
5 Policies That Would Make Gas Cheaper
Sick of paying too much at the pump? If you are, there’s good news: There are policies Congress and the Obama administration could implement that likely would lead to lower prices. If you’re looking to lower gas prices, first look at crude oil prices. Crude oil contributes the largest component to the price of gasoline…. -
news
This One Policy Switch Could Make Gas Way Cheaper
For nearly 40 years, there’s a been a ban on exporting crude oil from the United States to other nations in the world. Now, a just-released study from a liberal think tank says lifting the ban could boost the U.S. economy between $600 billion to $1.8 trillion and save motorists up to 12 cents a… -
opinion
The Crazy Turmoil That Could Have Happened If Scotland Voted to Be Independent
Great Britain can breathe a huge sigh of relief. The people of Scotland voted Thursday to remain a part of the United Kingdom. This is great news not only for Britain, but also for the United States. The United Kingdom of Great Britain and Northern Ireland is America’s closest ally on the world stage. The… -
news
The Scary Amount of Oil Money ISIS Makes Every Day
President Obama, laying out his strategy last night to defeat the Islamist jihadists known as ISIS, stressed that “it will take time to eradicate a cancer” such as the terrorist group represents in the Middle East. One hurdle in the way of Obama’s intention to work with allies to “degrade and ultimately destroy” ISIS (also… -
news
Four Legs and a Life of Service: The Fight to Allow Military Working Dogs to ‘Retire’ on U.S. Soil
For Army Staff Sgt. James Harrington, it was a day he thought would never arrive. It had been two and a half years since he last saw his golden-haired, brown-eyed girl, and Harrington had made a point to keep track of the 7-year-old’s travels, even after their lives went separate ways. But standing at Armstrong… -
news
State Gave $69 Million Loan to Green Energy Company on Verge of Bankruptcy
Biofuel manufacturer KiOR’s financial struggles might leave Mississippi holding the title to another failed green energy project. According to the company’s quarterly report, without additional financing KiOR won’t be able to meet its financial obligations past Sept. 30. One of its biggest creditors is the state of Mississippi. The company owes the state $69.275 million on a no-interest loan… -
news
Raw Footage: Tear Gas Blasted at TV Reporters in Ferguson
Police in Ferguson, Mo., fired tear gas at Al Jazeera America TV crews last night as they recorded footage of the violent protests over the shooting death of 18-year-old Michael Brown. According to KSDK.com, “police took down the crew’s light kit, and pointed their camera at the ground” minutes later. >>> Overmilitarization: Why Law Enforcement Needs to… -
opinion
Unlocking Energy Opportunity in Africa
Visiting America for the U.S.–Africa Leaders Summit last week, heads of African nations had plenty to say about the need to increase access to reliable, affordable energy. Yet some are trying to dissuade African investment in conventional energy sources such as coal and natural gas in an effort to stave off global warming. Roughly 550… -
opinion
We’d Have an Energy Boom … If the Government Got Out of the Way
There’s been something of an energy boom taking place in the U.S. over the past few years, and it’s given the American economy a real boost. Now we just need the federal government to get out of the way and open opportunities to freely trade energy, and those benefits will grow substantially. U.S. coal exports… -
opinion
Ghana Woes a Warning to Other Oil-Rich African Countries
African leaders are in Washington this week for the White House–sponsored U.S.–African Leaders Summit, a meeting of nearly 50 African heads of state meant to promote trade and investment. But for Ghana, the optimism surrounding the conference and a second U.S. aid compact have been drowned out by economic troubles at home. One of West… -
opinion
Energy: U.S. Should Pay Attention to Mexico’s Reforms
In recent years, the United States has seen a huge oil and natural gas boom fueled by hydraulic fracturing (“fracking”) and horizontal drilling. Now, American energy companies may have the opportunity to put their expertise into practice in a new energy market: Mexico. Mexico recently passed a series of energy reforms that ended the 75-year-long… -
news
Wind Farms Divide Environmentalists: Renewable Energy vs. Dead Birds
ALBUQUERQUE, N.M.—Paul Domski is a falconer and a bird lover. And he seriously doesn’t like wind farms or the federal government’s recent decision to protect wind energy companies from punishment for 30 years for killing eagles. “If I was the country’s energy czar, I’d get rid of [wind farms],” said Domski, who also is the… -
opinion
Dallas Fed Makes Case for Crude Oil Exports
The Dallas Federal Reserve Bank made the case for why policymakers should lift the ban on crude oil exports: Removing the export ban would eliminate a variety of marketplace distortions by increasing the price of crude oil in the interior U.S. to better reflect global levels, leading to a more efficient economic outcome. While this… -
news
One of the World’s Biggest Sources of Oil Is Right Here in America
SANTA FE, N.M.—Oil production in New Mexico keeps on booming, and it could continue to do so for some time. “I think the forecast is great,” said Parker Hallam, president and CEO of Crude Energy in Dallas. “I’m excited.” The Permian Basin, located in eastern New Mexico and West Texas, recently has become one of the world’s… -
opinion
Cartoon: How to ‘Grow’ Gas Prices
>>> This Standard Is One Reason the Price of Gas Will Increase -
news
$6 a Gallon? Where Gas Prices Might Be Without the U.S. Energy Boom
If you think the price of gas is high, imagine paying up to $6 a gallon. That’s what energy expert Dan Steffens thinks the price could be if not for the domestic oil boom. “With what’s going on the Middle East, I think it would five or six bucks [a gallon],” said Steffens, president of the… -
news
Gas Prices Will Climb, and You Can Blame Corn
JOHNSTON, Iowa — Most of what Tim Maher knew about the renewable fuel standard came from TV commercials. “They all talk about how it’s good for the environment and good for the country because we won’t have to import so much oil from the Middle East,” Maher said as he was filling up his car…