By Jay Sekulow
The left's outrage over the IRS turns to a plea to 'move on'
Independent voices from the TWT Communities
The United States has been the dominant player in the shale revolution until now, but new estimates of the world's potential shale resources show that Russia, China and developing countries such as Argentina and Algeria could be the biggest winners in the future.
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.
Oil companies from China, Norway, Japan and other nations are investing billions of dollars in U.S. shale projects so they can learn how to extract oil and gas from bedrock and use those technologies to tap into the large and mostly undeveloped shale deposits outside the U.S.
Gasoline prices this summer will be the lowest in three years as people drive less and use more fuel-efficient cars, the U.S. Energy Information Administration is predicting.
China appears to be at a tipping point where surging domestic auto sales will soon drive it past the U.S. and turn it into the world's biggest oil importer, taking a title that distinguished -- and some might say hobbled -- the U.S. for decades.
It's been a rough few years for the coal industry, with President Obama and environmental groups seemingly bent on driving it out of business. But for coal, all the world's a stage — and a market.
While most scenarios show the U.S. depending on imports of oil from Canada and a few other neighbors for decades to come, the managing director at Raymond James is one of a growing school of bullish analysts who believe that booming production in the U.S. will put energy independence within reach.
Don't look now, but gas prices are beginning to bite hard again. That's bad news for President Obama, who, until now, might have thought he had gotten lucky when prices dropped earlier in this critical election year. As the energy issue makes the campaign trail bumpier, Mr. Obama has no one to blame but himself.
American oil is enjoying a renaissance few would have predicted even a decade ago. The U.S. Energy Information Administration estimates nearly half the crude oil we consume will be produced at home within a mere eight years.
As Memorial Day weekend marks the start of the summer driving season, consumers are seeing a significant decline in gas prices — a reprieve from the sky-high pump prices that analysts feared.
U.S. Interior Secretary Ken Salazar is set to approve a major natural gas drilling project in Utah that the Obama administration says will support more than 4,000 jobs during its development while safeguarding critical wildlife habitat and air quality.
High gasoline prices that are expected to continue rising will force motorists to shell out more at the pump and may have many people reconsidering summer travel plans to save money.
The American people understandably are upset about high oil prices that have forced up the price of gasoline, straining family budgets and hurting struggling businesses.
In another sign of the fracking boom that's helped revitalize Pennsylvania's economy, three major energy firms say they want to build a $1 billion natural-gas pipeline from the Keystone State as far south as the Washington, D.C., market.
Although corporate earnings reports for the quarter ending in December have officially started this week, the news flow and the stock market have been relatively quiet.
