News

01.13.16

Obama: Companies should face higher charges for drilling on federal land

President Barack Obama signaled in his final State of the Union address Tuesday night that fossil fuel companies could face higher charges when mining on federal lands.

 

01.05.16

US crude exports help keep prices low

Oil prices have remained low despite heightened tensions between two of the world's big oil-producing countries, Iran and Saudi Arabia, and a new law allowing U.S. crude exports helps explain why...

 

01.04.16

Fracking Saves the Day

It may be too much to say that fracking alone saved the global economy in 2015, but fracking had a lot to do with it.

 

12.21.15

U.S. power grid vulnerable to foreign hacks, AP investigation finds

Digital clues pointed to Iranian hackers. And Wallace found that they had already taken passwords, as well as engineering drawings of dozens of power plants, at least one with the title "Mission Critical." But this breach, The Associated Press has found, was not unique.

 

12.18.15

End to Export Ban: Congress OKs year-end budget deal, sends to Obama

Obama signed the measure,... Many on each side saw the budget deal as the best they could get under divided government. In exchange for ending the oil export ban, Democrats won extensions of tax breaks for alternative power sources such as solar and wind energy.

 

12.18.15

America lifts its ban on oil exports

Not only has the business been manipulated by an international cartel, OPEC, with varying degrees of success. Since 1975 America has also distorted it by banning the export of almost all crude oil. On December 18th Congress voted to put an end to the problem by lifting the 40-year-old export ban as part of an omnibus budget bill.

 

12.14.15

The U.S. ban on exporting oil may not live to see its 40th birthday

There's growing momentum to kill the restriction and a deal could be reached before the end of the year as part of a broader spending and tax bill that's making its way through Congress.

 

12.11.15

How fracking has helped the US lead on climate

As representatives from around the world work to finalize an agreement in the last few days at the Paris COP21 climate conference, it's important to acknowledge the fact that hydraulic fracturing and the increased use of natural gas has done more to reduce greenhouse gas emissions than any other government scheme or agreement.

 

12.09.15

US Natural Gas and Oil Production Up and Down

US natural gas production in 2015 is expected to reach a record of 79.58 billion cubic feet per day. US oil field production, however, slowed for second month in a row.

 

12.08.15

68 percent of South Carolina voters support offshore drilling for oil and natural gas resources

Voters also agree that increased production of domestic oil and natural gas resources could provide major benefits to the nation.