As oil from the April 20 rig explosion continues to approach the Gulf Coast, Sen. Lindsey Graham (R-S.C.) is not backing down from his advocacy of expanded offshore oil drilling.
“We’ve had problems with car design, but you don’t stop driving,” Graham said Friday, according to The Greenville (S.C.) More…
I wouldn’t normally flag a policy proposal by a car reviewer, but Dan Neil’s piece in The Los Angeles Times today deserves mention. With a few nifty calculations, he argues that we could cut our dependence on OPEC oil by 50 percent over ten years, simply by buying millions More…
After a summer of grimacing at the pump — with gas prices reaching an average of $4 a gallon — consumers are finally getting some relief. Just a few months ago, the cost of crude oil was as high as $140 a barrel. Now it More…
Since oil prices plummeted to below $70 a barrel, the Organization of Petroleum Exporting Countries has been talking about cutting oil production to respond to a demand that just keeps dropping. Today, OPEC is doing it. It announced a plan to cut oil output by 1.5 million barrels.
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