Energy

AAA: Highest Gas Prices in Six Years

According to AAA, the national price for regular unleaded gasoline is $3.68 per gallon, which is the highest price for early summer in six years. In 41 states and Washington, D.C., drivers are paying more at the pump in comparison to this date last year, and 33 states and Washington, D.C. are paying a dime […]

U.S. Delays Final Call On Keystone XL Pipeline Until After Midterm Elections

“The State Department will delay its decision on construction of the Keystone XL pipeline until it has a clearer idea of how legal challenges to the pipeline’s route through Nebraska will be settled, State Department officials said Friday. Both supporters and opponents of the pipeline criticized the delay as a political ploy aimed at punting […]

Green Groups Tell Obama Keystone Won’t Be Forgiven

The Hill reports that green groups are letting President Obama know they will never forgive him if he approves the Keystone pipeline.  “If Obama approves Keystone, it will provoke a ‘vehement reaction’ from environmental groups, said David Goldston, director of governmental affairs at the Natural Resources Defense Council. ‘People have speculated that a push in […]

Former Interior Secretary Ken Salazar: Build Keystone XL

The Washington Examiner’s Asche Schow writes, “Former Interior Secretary Ken Salazar, who served under President Obama, said Wednesday that the Keystone XL pipeline should be built. Salazar, speaking at the North American Prospect Expo, said the pipeline would be beneficial for the country, since the U.S. would be using that oil regardless of whether it’s […]

State Dept.: Keystone XL would cause minimal climate impact

A highly-anticipated State Department review released Friday says approval or denial of the Keystone XL pipeline is unlikely to have an impact on the rate of extraction of heavy-carbon tar sands oil, reports USA Today.

Keystone Backers Alarmed By New White House Hire

National Journal reports that Keystone backers aren’t thrilled “ that prominent Democratic strategist John Podesta has formally joined President Obama’s inner circle at the White House. Podesta’s think tank, the Center for American Progress, has been battling the proposed pipeline, and Podesta himself has been critical of the project for years.”

OPEC Scrambling To Keep Oil Prices Stable (And High)

The Washington Post’s Steven Mufson writes, “The Organization of the Petroleum Exporting Countries meets Wednesday to weigh how best to maintain stable — but very high — crude oil prices in the face of rising U.S. shale oil production and jostling among the members of the cartel that hope to expand production in 2014. “Analysts […]

U.S. Nears Energy Independence by 2035 on Shale Boom, IEA Says

Bloomberg reports that the U.S. will surpass Russia as the world’s top oil producer by 2015, and be close to energy self-sufficiency in the next two decades, amid booming output from shale formations, the International Energy Agency said. “The United States moves steadily towards meeting all of its energy needs from domestic resources by 2035,” […]

AAA: New Fuel Regulations Could Increase Gas Prices at Pump

New fuel regulations could drive up gas prices if they require car owners to use a “potentially damaging” type of gasoline that could hurt cars’ engines, according to AAA. The automobile club said in a statement on Monday that the Environmental Protection Agency could cause gas prices to surge if it requires fuel refiners to […]

Report: Pipelines Transporting Oil is Safer than Road or Rail

A recent report by the Fraser Institute of Canada states, “we conclude that the evidence is clear: transporting oil by pipeline is safe and environmentally friendly.  Furthermore, pipeline transportation is safer than transportation by road, rail, or barge, as measured by incidents, injuries, and fatalities. “For North America to realize the massive economic benefits from […]