Category: Energy

Fueling Misunderstanding about the Oil Market

From The Heritage Foundation: With gasoline prices at a two-year high, President Barack Obama today called for a crackdown on “price gouging” at the pump. Some consumers may feel relief to hear that the White House intends to protect them from supposedly unscrupulous suppliers. But the President’s energy policies are a lot more to blame [...]

In Pictures: Bush Vs. Obama On Gas Prices

From The Heritage Foundation: As Americans continue to feel the effects of President Obama’s anti-oil agenda at the pump, defensive liberals are circling back to a familiar line of counter-attack: blame Bush.  The media vacuum on gas prices has made this line of attack all the more promising with very little national coverage being given to [...]

How Obama Is Making Gas Prices Higher

From The Heritage Foundation: Yesterday, for the first time since September 2008, the price of a barrel of crude oil topped $100 on the New York Mercantile Exchange. But while the recent unrest in the Middle East has had some marginal effect on rising prices, the most significant factor has been increased oil demand worldwide. That [...]

10 Things You Need to Know About High Gas Prices and Obama’s Oil Policy

From The Heritage Foundation: This week the media’s attention is finally focused on oil prices. After two years of continually rising consumer gas prices in America, the oil futures market has captivated the Mideast storyline. And attention is much needed. December 2010 saw the highest gas prices for the month of December in our nation’s [...]

Judge to Obama Administration: Get Moving on Drilling Permits

From The Heritage Foundation: The Obama Administration hasn’t had their boot on the neck of just BP but also the entire Gulf economy. Federal Judge Martin Feldman is now doing the same to the Obama Administration. A few weeks after Feldman held the Interior Department in contempt of court for ignoring his ruling to put an [...]

Mr. President, You’re in Contempt

From The Heritage Foundation: Anyone who has ever watched Law & Order knows that someone is held in contempt of court when they egregiously disrespect the role of the court and the rule of law. Holding someone in contempt is a powerful sanction in a judge’s arsenal to redress an intentional disregard for the law [...]

One Near-Fatal Flaw to Obama’s Energy and Electric Car Plans: Snowstorms

From The Heritage Foundation: Last week, The Washington Post pointed out one near-fatal flaw to Obama’s plans for subsidizing green energy and electric cars: snowstorms. On Wednesday a snowstorm hit D.C. commuters harder than usual, causing gridlock on the road and dragging a normally 20-minute commute into, in some cases, over six hours as people crowded the [...]

Anti-Drilling Policies Costing Federal Government Billions in Lost Revenue

From The Washington Examiner: Billions of dollars in potential oil revenue that could help close the federal deficit is being lost as a result of President Obama’s anti-drilling agenda. Production in the Gulf of Mexico – which normally accounts for about 30 percent of all U.S. production – is expected to drop this year by 220,000 [...]

Obama’s Anti-Drilling Agenda

From The Heritage Foundation: President Obama’s oil spill commission will release its long-awaited final report this morning, recommending new government regulations and limits on drilling. These conclusions could shape the future of the oil industry — and impact our nation’s energy policy for years to come. The commission’s primary focus was determining the cause of the spill. Last [...]

Deep-Water Drilling Permits Down 88% in Gulf Since Obama Lifted Moratorium

From The Heritage Foundation: This week’s announcement that 13 oil companies can resume activity in the Gulf of Mexico provided some hope the Obama administration might finally begin to approve drilling new permits. It couldn’t come soon enough. Since the administration’s drilling moratorium was lifted in October, deep-water permit issuance is down 88 percent with only [...]

Gas Prices Under President Obama in Pictures

From The Heritage Foundation: Fact: President Barack Obama’s Energy Secretary Steven Chu wants to “figure out how to boost the price of gasoline to the levels in Europe.” At the time he made the statement, gas cost $7 – $8 a gallon in Europe. Fact: Since taking office, President Obama’s entire energy agenda has made a [...]

Obama’s Offshore Ban Already Cutting Domestic Energy Supply

From The Heritage Foundation: The Wall Street Journalreports today that, “More than two months after the Obama administration lifted its ban on drilling in the deep-water Gulf of Mexico, oil companies are still waiting for approval to drill the first new oil well there. Experts now expect the wait to continue until the second half [...]

Obama jobs death toll: Killing the drilling industry

From Michelle Malkin: You already knew that the election-season “lifting” of President Obama’s deepwater drilling moratorium was a sham announcement. Loathsome cowboy Interior Secretary Ken Salazar and radical eco-czar Carol Browner have lied through their teeth from day one about the rationale andimpact of their job-killing policies not only on deepwater drilling, but shallow drilling, tourism, and the [...]

The World Powers Up While America Powers Down

From The Heritage Foundation: The Wall Street Journal reports: “The global oil industry, far from chastened by the catastrophic spill in the U.S. Gulf of Mexico, is planning record spending next year, including a large amount for deep-water development. … Barclays estimates spending on new wells, producing platforms and other energy infrastructure will total $490 [...]

Obama on Chavez’s Nuclear Program:”Act Responsibly, Mr. Chavez”

From The Heritage Foundation: When asked about his reaction to the signing of a Russian deal that promises to deliver two nuclear power plants to oil-rich Venezuela, President Obama answered: We have no incentive nor interest in increasing friction between Venezuela and the US, but we do think Venezuela needs to act responsibly.  Our attitude is that [...]

What Obama Didn’t Say

From The Heritage Foundation: President Obama keeps trying to make our electric bills skyrocket. Now he’s seized on the BP fiasco as an excuse to do it. According to Obama, the Gulf of Mexico gusher proves we need billions more to subsidize green energy.  That was the President’s claim in his big Pittsburgh speech. He didn’t [...]