What’s in New Offshore Drilling? About 1 Percent of Demand

As the scramble continues to plug the oil gusher a mile deep in the Gulf of Mexico — and as Senate Democrats promote their long-awaited proposal designed to tackle climate change — Al Gore offers a cogent reminder that the oil derived by expanding offshore drilling More…

Drilling Our Way to a Dead Economy?

In a full-page spread in today’s Washington Post, some players in the energy industry take an opportunity to congratulate Congress for allowing a 26-year-old moratorium on new offshore oil drilling to expire.

That move, the companies postulate, “may prove to be a significant measure in addressing our long-term fiscal More…