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Eight ways $100 oil may affect you

Here are eight ways that higher energy prices are starting to affect America.

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Memorial Day: good news on gasoline prices, and it may get better

Memorial Day weekend, the start of the summer driving season, will see gasoline prices at their lowest in two years. Concerns about Europe and optimism about Iran have helped cut the cost of crude.
Oil prices fall to seven-month low

Oil prices edge down below $91 a barrel as tensions ease over Iran nuclear program. London's Brent crude oil prices fall to $107.
Cybersecurity: How US utilities passed up chance to protect their networks

Cybersecurity needs are not hypothetical, as the recent DHS warning of a cyberattack on the US natural gas industry shows. Why then was a post-9/11 initiative to secure US utilities dropped?
Gas prices are falling: why that might not really help Obama

Gas prices have dropped steadily in recent weeks, and the issue is barely registering with voters. While that eases some pressures on Obama, it doesn't necessarily translate into more votes.
Why gasoline could be in short supply this summer on East Coast

If Sunoco shutters a big oil refinery in Pennsylvania, gasoline to make up for the lost supply will need to be shipped to the East Coast from the Gulf coast or from Europe – and it will be a logistical nightmare to get it there.
Obama's energy policy takes center stage as $4 gas prices loom

Obama's energy policy will be the subject of the president's three-stop tour starting Wednesday. He wants to deflect criticism that he's not doing enough to fight rising gas prices.
As gas prices rise, should US oil industry stop exporting?

US gas prices are soaring and domestic demand is falling. The oil industry says it needs to export to stay in business and avoid layoffs. Others claim that keeps supply low and gas prices high.
Deep-water oil drilling: why Obama is OK with angering left and right

Neither the oil industry nor environmentalists are pleased with President Obama's new deep-water oil drilling plan. But in an election year, that might be a safe position politically.
Obama puts Keystone pipeline on hold, decries 'rushed and arbitrary' deadline

Speaker Boehner accuses Obama of 'selling out American jobs for politics,' but Keystone pipeline operator TransCanada says it will submit plans for a rerouted project later this year.
Why Iran sanctions are pushing up oil prices

Oil prices rose above $108 per barrel in the wake of new sanctions on Iran. The US, Canada, and Britain announced new sanctions on Iran's energy and finance sectors.
Report: More Americans have green jobs than oil or gas jobs

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.
Gulf oil spill aftermath: 'Drill, baby, drill' era may be gone forever

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.
Gasoline prices are up to $4 a gallon. Is that 'Big Oil's' fault?

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.
In energy speech, Obama exchanges the ambitious for the politically possible

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.
Africa Monitor
West Africa Rising: Can oil and transparency mix?

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.
Eight ways $100 oil may affect you

Here are eight ways that higher energy prices are starting to affect America.
First deep-water oil drilling permit since Gulf oil spill plays it safe

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.
Should US draw on strategic reserves to temper rise in oil prices? (video)

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.
What businesses liked in the State of the Union – and what they didn't

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 breaks for wealthy donors: Schools struggle, while the rich fund golf tourneys

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.
Gas prices rise: Is Obama to blame?

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.
Deepwater Horizon: Report sparks push for tougher laws

Deepwater Horizon oil spill report recommends tougher offshore drilling rules, more financial consequences for oil companies.
US gas prices pass $3 mark. Will anything stop them from climbing higher?

Declines in domestic and foreign production are to blame for higher US gas prices, analysts say. Some in the industry see $5-a-gallon gas in 2012, while others say supplies will increase to halt the rise.
Heating oil could cost a homeowner $259 more this winter

The price of crude oil is rising, pushing up heating oil costs. Natural gas prices are holding steadier.
Obama's new offshore oil drilling rules: too many loopholes?

The White House’s new guidelines for offshore oil drilling in deep water were intended to make it tougher for oil companies to avoid detailed environmental reviews.