Topic: Independent Petroleum Association of America
Nations spend more than $500 billion to keep fossil fuel prices low, which is popular with voters but harms the climate. Removing fossil-fuel subsidies would lower carbon emissions by more than 10 percent by 2050, the OECD calculates.
Mitt Romney unveiled his energy plan Thursday, saying that it would bring energy independence to the US within a decade. But some experts were skeptical of the claims.
According to the US panel, 'fracking' to release gas deposits in shale can be done in an environmentally responsible way. The industry hailed the report as refuting shrill critics, but environmentalists decried 'advocacy-based science' by a panel tilted toward the industry.
08/11/2011 04:32 pm
The administration's decision to release 30 million barrels of oil from the Strategic Petroleum Reserve is pure politics, say some. The White House says it's trying to offset a drop in Libyan light sweet crude – needed for gasoline – at the height of the summer driving season.
06/23/2011 06:14 pm
Cuba will allow Russia to look for oil and gas in its territorial waters. Environmentalists cringe, but the industry says its time for the US to look for more oil in the Gulf of Mexico, too.
08/06/2009 01:00 am