Delays in federal permitting for oil and gas exploration on public land is likely reducing national energy production and depriving the federal government of revenue, according to a federal report released Friday.
Embattled United Nations Ambassador Susan Rice has invested hundreds of thousands of dollars with several energy companies cited for doing business with Iran, according to financial disclosure forms.
Mitt Romney accused President Obama of cutting permits to oil and gas on federal land, and the facts bear Romney out.
Oil prices “could double,” increasing the U.S. price of gasoline by up to $2.75, if Iran is permitted to obtain a nuclear weapon, according to a new economic analysis by a bipartisan team of current and former government officials.
The environmentalist screed called Promised Land received big money from the United Arab Emirates, an oil kingdom known for its lavish spending on man-made islands and the world’s tallest building, according to the Heritage Foundation.
A policy blueprint released by the campaign of Heidi Heitkamp, a Democrat running to represent North Dakota in the Senate, illustrates a growing split in the Democratic party by promising to defend hydraulic fracturing (or fracking) in the Bakken oil development fields from “burdensome Federal rulemaking.”
Turkey has exchanged nearly 60 tons of gold for several million tons of Iranian crude oil, despite its promises to uphold Western sanctions on Iran’s energy sector, according to recent Turkish reports.
The Obama administration’s recently released five-year plan for offshore drilling leases has been met with sharp criticism from the oil and gas industry and Republicans, who say it continues a crippling moratorium on potential energy reserves on the West and East Coasts.
The Obama administration may have granted China an exemption from a tough new round of Iran sanctions based on a fundamental misreading of the country’s motivations, Congressional insiders warn.
Oil executives have given a substantial amount of money and support to President Obama’s re-election campaign, in spite of their criticisms of the president’s energy policies.
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