Tighter restrictions proposed on sulfur content will add a penny or less to the retail price of a gallon of gasoline, according to the Obama administration, while the oil industry contends those same rules could hike prices at the pump as much as nine cents per gallon.
A rebirth of East Coast refineries that utilize the oil drilling method known as “fracking” is altering the United States’ energy future.
President Obama's Treasury Department is facing a lawsuit filed by the Competitive Enterprise Institute for stonewalling a Freedom of Information Act request relating to plans for a carbon tax on fossil fuels.
The growing energy boom in the United States could make it the largest global oil producer by the end of the decade, temporarily exceeding Saudi Arabia, and a top exporter of natural gas, according to a new report. Released Monday, the International Energy Agency (IEA), a French research group for oil-importing nations, published data showing that by 2030, the United States will be energy self-sufficient on net and North America will become a net oil exporter.