As expected, President Obama has exercised his first of likely a number of vetoes now that he faces a Republican Congress. On Tuesday, Obama vetoed the Republicans’ Keystone XL pipeline bill, setting the stage for an override vote that has little hope of passing.
President Obama, the UN, the EPA, and radical enviro-activists intend to drastically curtail energy production and lock the planet into energy poverty at this year’s UN Climate Conference in Paris.
Oil wells are being re-fracked to get renewed production, which will likely interfere with Saudi Arabia's efforts to hurt its competitors by flooding the markets with oil.
The president spent less than a minute on Sunday announcing his administration's plans to prohibit drilling in Alaska's Arctic National Wildlife Refuge.
President Obama announced plans to move ahead with mandating methane emission reductions primarily directed at the renaissance in the energy industry.
As oil prices continue to decline, many oil-producing countries and investors will feel the pain, but drivers will enjoy the lower gas prices.
Lower oil prices are not an unmixed blessing, especially with political maneuvering behind the scenes risking far more than just a shrinkage in the oil patch.
As prices for crude oil and natural gas continued their precipitous fall over the last five weeks, most commentators have been focusing on the impact — real or predicted — on the oil and gas industry in the United States. Little noticed, however, was the report from the U.S. Energy Information Administration about how those declines are likely to affect OPEC.