- Texas man arrested for powder-letter hoax
- Islamic State opens ‘marriage bureau’ for single jihadists
- Drone almost blocks California firefighting planes
- Tornado rips off roofs, downs trees near Boston
- GOP: Environmental rules keeping agents from accessing border
- John Kerry: Millions displaced by religious fighting in 2013
- Federal appeals court rules against Virginia’s gay marriage ban
- White House says Russia ‘losing’ war in Ukraine
- Hamas turns to North Korea for weapons deal, Iran for money
- Syrian casualties surge as jihadis consolidate
By David Keene
Allowing states to innovate could reduce dependency on bureaucracy
Topic - Organization Of Petroleum-Exporting Countries
America's growing energy independence is paying major dividends this spring, helping to keep a lid on fuel prices despite sudden threats to major global oil supplies in Iraq and Russia that in the past would have sent prices soaring.
Forty years ago this week, America received a harsh lesson about the dangers of relying on others for energy. President Nixon's decision in the midst of the Yom Kippur War to resupply Israel with U.S. weaponry gave members of the OPEC cartel an excuse to embargo oil supplies to this country and drive up prices worldwide. It became known as the "oil shock" of 1973.
The rapid growth of U.S. oil production is transforming global markets and easing supplies just as China and the rest of the developing world move to overtake the developed world for the first time in consumption, the International Energy Agency reported Tuesday.
For Americans who came of age in an era marked by worries about scarce world oil supplies, dominant international oil cartels and unrest in the Middle East, the times are changing — quickly.
Move over OPEC. There's a new cartel in town — this one aimed at driving up the price of tea.
The Obama administration would do itself and our economy a great service if it brought back the office of energy czar for the purpose of making this book's thesis a reality -- and made its co-authors, Anne Korin and Gal Luft, co-czars.
When the tiny desert nation of Qatar was chosen to host the latest round of United Nations climate change negotiations, environmentalists were stunned.
If we can get your attention off Dred Scott II — the Supreme Court decision on health care costs with its byzantine political implications — something perhaps as fundamental for the U.S. and world economies is happening: a second fossil fuel revolution.
OPEC oil ministers have decided to keep a production target of 30 million barrels a day, citing mounting world economic concerns for their decision. OPEC oil ministers have decided to keep a production target of 30 million barrels a day, citing mounting world economic concerns for their decision.
OPEC ministers are coming into a meeting deeply divided over how much crude to pump, with Saudi Arabia keen to keep a lid on prices, rival Iran pushing to cut production and Iraq expected to back Iran, its longtime foe under Saddam Hussein.
The United States is by far the world's leading oil importer. Thus, it follows that when the price of oil goes up, our economy is severely taxed and, therefore, it goes down. Indeed, every oil price increase for the past four decades, including those in 1973, 1979, 1991, 2001 and 2008, has been followed shortly afterward by a sharp rise in American unemployment.
OPEC's acting president said the oil cartel should stay out of political battles, Iran's official IRNA news agency reported Sunday, an apparent bid by the bloc to steer clear of a potential showdown between Tehran and the U.S. over threats to close the vital Strait of Hormuz.
Iran warned Gulf Arab oil producers against boosting production to offset any potential drop in Tehran's crude exports in the event of an embargo affecting its oil sales, the latest salvo in the dispute between the West and the Islamic Republic over its nuclear program.
A recent news report said Saudi Arabia is funding housing, salary increases and the creation of 60,000 new jobs. In Kuwait, citizens were given $3,664 and free food for 13 months. In Algeria, civil servants received a 34 percent pay raise. In Qatar, the crown prince ordered $8.2 billion in civil servant salary increases.
Mark Twain is usually credited with the quip, "Everybody talks about the weather, but nobody does anything about it." The same is certainly true of our dependence on foreign, and often unfriendly, sources of energy - particularly when gas prices soar and every American feels the pinch.