Clean energy and other parts of the 'clean economy' account for 2 percent of US jobs, employing some 2.7 million Americans, according to a recent report.
The Gulf oil spill was capped a year ago Friday, but offshore drilling is still far off its pre-spill pace. With a new regulatory agency putting a greater emphasis on safety, the industry might have to adjust to a new normal.
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.
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.
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.
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.
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.
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.
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.