China, which has struggled in recent years to keep up with booming domestic demand for oil products, may soon have a major excess in refining capacity.
Read moreBP and many other people watching the blowout in the Gulf of Mexico are desperately hoping that the company’s current effort to kill the well by pumping heavy mud into it will finally stanch the flow of oil.
Read moreThe Deepwater Horizon disaster in the Gulf of Mexico is providing barrels of new ammunition to pundits on both the Right and the Left who contend we have to end our “addiction” to oil.
Read moreOn Wednesday, John Kerry and Joseph Lieberman introduced their long-awaited Senate energy bill, which includes incentives of $2 billion per year for carbon capture and sequestration, the technology that removes carbon dioxide from the smokestack at power plants and forces it into underground storage.
Read moreThe growing oil spill in the Gulf of Mexico has, predictably, resulted in a new chorus of voices calling for increased use of renewable energy sources.
Read moreWe’ve seen taxpayer bailouts of Chrysler, GM and the big Wall Street banks. Now, thanks in part to the massive oil spill in the Gulf of Mexico, it’s virtually certain that the Obama administration will bail out the ethanol industry by increasing the amount of ethanol that can be blended into gasoline.
Read moreAs the first oil from the massive oil spill in the Gulf of Mexico starts reaching the Louisiana coast, here are a few thoughts on the spill and what it will mean over the coming months…
Read moreAmericans are being inundated with claims about renewable and alternative energy. Advocates for these technologies say that if we jettison fossil fuels, we’ll breathe easier, stop global warming and revolutionize our economy.
Read moreOil, and foreign oil in particular, has been a favorite whipping boy for American politicians since the 1970s. They say that we are “addicted” to oil, that oil fosters terrorism and that we can “win the oil endgame.”
Read moreOffshore drilling, particularly in deep water, makes the action available at Las Vegas casinos look almost tame.
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