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.
BP says it will seek a $9.9 billion tax write-off based on the $32 billion it expects to spend on Gulf oil spill cleanup and recovery. One US senator is already calling for hearings to prevent it.
A new estimate suggests that the Gulf oil spill blowout gushed 4.9 million barrels of oil before BP capped it, making it the largest accidental oil spill in history.
Robert Dudley, who will become BP's new chief executive on Oct. 1, has many of the qualities that BP needs as it tries to move beyond the Gulf oil spill crisis. But he faces a tough task.
The firm is spending about $6 million a day to contain the oil spill. Gulf of Mexico expenses associated with the oil rig explosion could eventually cost BP more than $3 billion.
Critics say Vermont Yankee nuclear plant was too old and had too many problems. This could be a blow for the Obama administration's plan to refurbish and revive aging nuclear power plants.
Depending on their own point of view, they give thumbs up – or down – to Obama's and McCain's energy proposals.
Energy costs have become a driving force of inflation.