Topic: American Petroleum Institute
Pointing to record profits and unprecedented gasoline prices, President Obama and congressional Democrats want to end subsidies to the oil and gas industry. Republicans and the industry say that would harm the economy.
04/30/2011 04:59 pm
President Obama called Wednesday for a one-third cut in oil imports, to be achieved by increased domestic production, alternative energies, and higher fuel efficiency.
03/30/2011 04:12 pm
Beginning April 15, the Securities and Exchange Commission (SEC) will demand that oil and mining companies reveal all payments made to foreign governments. Top companies want exemptions in West Africa.
03/22/2011 03:20 pm
In recent weeks, the price of a barrel of oil has stayed at about $100 a barrel, and gasoline prices have been edging closer to $4 a gallon. The costs are apparently due to events half a world away, in the Middle East. Even though plenty of oil is around, there is fear of further disruptions, and consumers, business people, and politicians have all been making adjustments. Here are eight ways that higher energy prices are starting to affect America.
03/21/2011 06:16 pm
The Obama administration lifted its post-Gulf oil spill moratorium on oil drilling in deep water Oct. 12, but it didn't issue its first new permit until Monday. Some experts think rising oil prices forced the administration's hand.
03/01/2011 07:49 pm
Rapidly rising oil prices, and fears it could harm the US economy, make tapping the strategic reserves a tempting option. But analysts say it would work only for the short term.
02/24/2011 07:23 pm
President Obama had chilly relations with US businesses until late 2010. The tone has changed, but they’re waiting to see what happens with some of the proposals in the State of the Union address.
01/26/2011 02:45 pm
Tax deductions for charitable giving mean the rich can fund their pet causes while the government loses vital tax revenue. This loophole effectively takes the public good out of the hands of voter-elected representatives and subjects it to the whims of wealthy donors.
01/24/2011 03:03 pm
Gas prices are 14 percent higher than a year ago, though US demand has risen only 0.7 percent. So what – or who – is driving up prices? The Heritage Foundation points a finger at Obama's environmental policies.
01/21/2011 07:14 pm
Deepwater Horizon oil spill report recommends tougher offshore drilling rules, more financial consequences for oil companies.
01/12/2011 11:28 am