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U.S. Energy Information Administration
Latest U.S. Energy Information Administration Items
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.