The current focus on economic troubles around the world and our own debt downgrade at home have obscured another issue that affects the health of the American economy: the failure of the Obama administration to develop and implement a sound energy policy - or, more properly, its stubborn adherence to a dysfunctional one. A sound policy would exploit domestic resources of all kinds and encourage cooperation with friendly countries that can reliably supply us with energy at reasonable prices. But the Obama administration, in thrall to environmentalist lobbies and rent-seeking corporations that peddle costly "green energy" schemes that depend on taxpayer-funded subsidies, persists in embracing the exact opposite of sound energy policy, thereby undermining U.S. energy security and prosperit...
The EIA has submitted the U.S. Energy Information Administration's Monthly Biodiesel Production Survey to the Office of Management and Budget (OMB) for revision and a three-year extension under section 3507(h)(1) of the Paperwork Reduction Act of 1995 (Pub. L. 104-13) (44 U.S.C. 3501 et seq).
Drivers can thank the slower driving season and a glut of supply for the continuing slide in gas pump prices. Two surveys showed lower average retail gas prices across the country. The Energy Department's Energy Information Administration said a gallon of regular averaged $2.694 on Monday, down about
DENVER -- In the push toward more energy independence, massive infrastructure projects that will help to deliver it have clashed with cherished rights of land ownership. Proven natural gas reserves have jumped 10 of the past 11 years, according to the Energy Department's Energy Information Administration, and thousands of miles of new pipelines have snaked in every direction.
Average gasoline prices likely will exceed $3 per gallon at times this spring and summer, as seasonal demand increases and as a projected economic recovery takes shape and encourages additional consumption, the government said Tuesday, March 9, in its latest short-term energy forecast. The Energy Department's Energy Information Administration projects that prices for regular-grade gasoline will average $2.84 per gallon this year and $2.96 per gallon in 2011. That would be up from the average of $2.35 per gallon in 2009.
NEW YORK - Oil prices on Monday bounced back above $83 per barrel, as stocks rose on encouraging earnings reports and the dollar weakened against the euro. Benchmark crude for November delivery rose $1.83 to settle at $83.08 per barrel on the New York Mercantile Exchange. At the pump, gas prices are at a national average of $2.834 for a gallon of regular, according to the Energy Department's Energy Information Administration. After a two-week climb, pump prices are about 26 cents higher than a year ago. Drivers on the West Coast pay the most for gas: more than $3 per gallon in most places. The lowest prices are in the Gulf Coast states, where gas stations charge an average of $2.68 per gallon. Average gas prices range from $2.63 to $3.17 per gallon in major cities.
Oil prices climbed past $90 a barrel on Wednesday as the government reported a drop in the nation's crude supplies. Benchmark oil rose 66 cents to settle at $90.48 on the New York Mercantile Exchange. In its weekly petroleum report, the Energy Department's Energy Information Administration said crude supplies dropped by 5.3 million barrels last week from the week before.
TODAY, let's take a lesson from our mothers that can directly apply to our business organizations, our governments and personal budgets. That lesson is that if someone is not playing fair with you or not playing by the rules, then you should not play with them. According to the Department of Energy's United States Energy Information Administration, the average price of a gallon of regular gasoline in New England is $4.03, which is an increase of $1.09 over the past year. Just coincidentally, it was just over a year ago, April 20, 2010, that we experienced the largest oil spill in U.S. history off the coast of Louisiana. We have had steadily increasing oil prices since that event. I was speaking with a local businesswoman who said that we should do more drilling in U.S. territories and t...
NEW YORK - Oil resumed its march to $90 per barrel on Monday, promising to bring retail gasoline prices along for the ride. Benchmark crude rose 82 cents to settle at $88.61 per barrel on the New York Mercantile Exchange. At the pump, the average price for a gallon of regular around the country was $2.98, according to the Energy Department's Energy Information Administration.
NEW YORK - Oil prices on Monday bounced back above $83 a barrel, as stocks rose on encouraging earnings reports and the dollar weakened against the euro. Benchmark crude for November delivery rose $1.83 to settle at $83.08 a barrel on the New York Mercantile Exchange. At the pump, gas prices are at a national average of $2.83 for a gallon of regular, according to the Energy Department's Energy Information Administration. After a two-week climb, pump prices are about 26 cents higher than a year ago.
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