Superficially, it would seem that the nation is successfully pursuing the Obama Administration’s stated energy goals of “increasing domestic oil production” and “reducing our dependence on foreign oil.” Domestic oil production has increased, but in spite of and not because of Administration policies. And while our overall oil import demand has declined, our imports from the Persian Gulf states, and Saudi Arabia in particular, have | Read More »
Voters in the November election will be acutely aware of two key economic variables above all others: the national unemployment rate, and the price they pay for a gallon of gasoline. President Obama senses his vulnerability on gasoline prices, and is busy erecting a defense against charges that his actions (or inactions) have contributed to high prices. His weekly radio address focused on the problem | Read More »
The Obama Administration continues to play bureaucratic hacky-sack with what could be a key element of our nation’s secure energy future: the Keystone XL pipeline project. The new line would increase the export capacity of the Keystone Pipeline (placed in service 2008) by 700,000 barrels of Canadian oil-sands oil per day. The expansion would also facilitate the domestic movement of crude from the key storage | Read More »
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