Category Archives: Oil

Thousands protest at White House over pipeline

By doris | Published: November 7, 2011

Full Story at msnbc.com WASHINGTON — Thousands of protesters gathered in Lafayette Square across from the White House on Sunday to oppose a plan for a transnational oil pipeline they fear could harm the environment. At one point, the crowd linked hands to surround the White House, keeping up pressure on President Barack Obama as his [...]

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Bachmann: I’ll bring back $2 gas

By doris | Published: August 19, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — President Michele Bachmann has a promise: $2 gas. “Under President Bachmann you will see gasoline come down below $2 a gallon again,” Bachmann told a crowd Tuesday in South Carolina. “That will happen.” Sure, politicians promise all kinds of things on the campaign trail. But Bachmann, a [...]

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U.S. can break addiction to imported oil

By doris | Published: June 6, 2011

Full Story at CNN.com Argonne, Illinois (CNN) — Nobody likes soaring gas prices — not motorists, not consumers, not business owners, not elected officials. Now, even a Saudi prince, whose family’s massive wealth is built on oil, is complaining about the high price of gasoline. Recently. Saudi Prince Al-Waleed bin Talal told CNN’s Fareed Zakaria [...]

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Do falling gas prices spell recession?

By doris | Published: May 20, 2011

Full Story atFinance.Fortune.cnn.com Sick of high energy prices? You may soon have more relief than you’d like. After two commodity price spikes in four years, $100-a-barrel crude and $4-a-gallon gasoline are starting to seem like the new normal — the price we pay, unhappily enough, for an expanding economy. Every twitch in the Middle East [...]

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McConnell rejects higher taxes on oil firms

By doris | Published: May 16, 2011

Full Story at msnbc.com WASHINGTON — Senate Republican Leader Mitch McConnell on Sunday rejected a proposal to scale back tax breaks for big oil firms, calling it a political maneuver.McConnell said the Democratic plan to repeal major tax incentives would “raise the price of gas at the pump, send jobs overseas” and make the United [...]

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House Budget Chair Ryan backs cutting oil subsidies

By doris | Published: April 29, 2011

Full Story at msnbc.com WASHINGTON — House Budget Committee Chairman Paul Ryan said on Thursday he supports cutting tax breaks for the oil industry as lawmakers search for ways to battle rising gasoline prices. In response to a question at a town hall meeting in Waterford, Wis., the Republican congressman said he agreed that oil [...]

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Republicans turn up heat on Obama over oil prices

By doris | Published: April 27, 2011

Full Story at msnbc.com WASHINGTON — With Americans upset over rising gasoline prices, Republicans in Congress aim to fix the blame on one person when they return next week from recess: President Barack Obama. Congress wrapped up its last work session on April 15 with Democrats and Republicans in a blistering debate over budget deficits [...]

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Obama pumps plan to develop renewable energy

By doris | Published: April 23, 2011

Full Story at news.Yahoo.com WASHINGTON – President Barack Obama says one answer to high gasoline prices is to spend money developing renewable energy sources. “That’s the key to helping families at the pump and reducing our dependence on foreign oil” in the long term, he said Saturday in his weekly radio and Internet address.

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Obama says new task force will examine gas prices

By doris | Published: April 22, 2011

Full Story atmsnbc.com RENO, Nevada — President Barack Obama announced Thursday that the Justice Department is assembling a team to “root out any cases of fraud or manipulation” in oil markets that might be forcing up gasoline prices in the United States. The national average price for a gallon of regular gasoline was $3.84 on [...]

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High gasoline prices prompt Justice Department to eye energy industry

By doris | Published: April 21, 2011

Full Story at CNN.com Washington (CNN) — Prodded by growing public frustration over sharply rising gasoline prices, the Justice Department on Thursday announced the formation of a team — the “Oil and Gas Price Fraud Working Group — tasked with the goal of ensuring consumers are not victims of price gouging. Gas prices exceeding $4 [...]

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Obama prepared to tap oil reserves

By doris | Published: March 11, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — President Obama said Friday that he is prepared to tap the nation’s strategic oil reserves to deal with any supply disruptions as part of his effort to keep gas prices under control. Obama attributed the recent run-up in oil and gas prices to increased global demand, combined [...]

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Obama administration lifts deep-water drilling moratorium

By doris | Published: October 13, 2010

Full Story at CNN.com Washington (CNN) — The Obama administration is lifting the moratorium on deep-water oil drilling — put in place after the Gulf oil spill disaster — for operators who comply with tough new rules and regulations, Interior Secretary Ken Salazar announced Tuesday. “There will always be risks associated with deep-water drilling,” Salazar [...]

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