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By John R. Bolton
The president fiddles at his domestic altar while the world burns
Independent voices from the The Washington Times Communities
Topic - U.S. Energy Information Administration
In a landmark achievement, the United States recently surpassed Russia as the world's largest combined producer of oil and gas according to an October 2013 Wall Street Journal analysis of International Energy Agency statistics. This milestone was reached because private capital and innovative entrepreneurs took calculated risks striving for access to new energy resources and the tools to produce and distribute them more efficiently.
With the debris of his health care scheme falling like autumn leaves, President Obama is looking for news, any news, to suggest that his White House is doing something, anything, right. He landed on the most unlikely candidate last week. He's taking credit for the surge in the production of oil, which exceeded imports for the first time in 18 years.
Gas prices at the pump are falling markedly all around the country, and the Washington area could soon join the growing number of states where the average price of gas is less than $3 a gallon, a level not seen in two years.
Obama could use abundant U.S. oil and gas to break Russia's energy stranglehold
Even as prices at the gas pump have fallen in recent months, the vast majority of American households are facing higher heating bills this winter, according to new figures released Tuesday by the U.S. Energy Information Administration.
The color of the American shale revolution is white, not because of skin color, but because of the tens of thousands of new, white pickups immediately obvious to anyone visiting the oil patch — Ford F-Series, Chevy Silverados and Dodge Rams, for the most part.
China in October will become the world's largest importer of crude oil, surpassing the U.S. for the first time as the Asian giant's rising consumer class of drivers grows increasingly thirsty for fuel, the U.S. Energy Information Administration reported.
China will become the world's largest importer of crude oil in October, surpassing the U.S. for the first time as the Asian giant's rising consumer class of drivers grows increasingly thirsty for fuel, the U.S. Energy Information Administration is projecting.
Economic sanctions against North Korea and Iran have not brought those rogue nations to heel. Yet President Obama continues to believe that economic pressure, if turned up high enough, can force a change in behavior.
A surge in U.S. production of premium crude oil from shale deposits in the Midwest is helping to hold down world oil prices and has prevented a spike in U.S. gasoline prices this summer.
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.