America’s emergency stockpile of oil stands twice as large as the amount required by an international pact. George Soros has proposed selling some now to punish Russian President Vladimir Putin -- and U.S. lawmakers are starting to listen.
Crude oil shipped by railroad from North Dakota is drawing fresh scrutiny from regulators concerned that the cargo is adding environmental and safety hazards, something that analysts say could raise costs.
Seismic measuring of oil and gas off the U.S. Atlantic coast can be done safely under certain conditions, the government said in a report that marks a critical step toward drilling in an area off limits for decades.
Tax credits for the production of wind power and other renewable energy sources face expiration at year’s end amid few signs Congress will decide to continue them, tax lobbyists and other analysts say.
Keystone XL backers say the proliferation of alternative projects, such as one to carry oil- sands crude to a Canadian seaport that advanced yesterday, undercuts opponents who claim blocking the pipeline will keep the high-carbon fossil fuel in the ground.
Four politically vulnerable Senate Democrats are urging U.S. President Barack Obama to approve the Keystone XL pipeline, spotlighting the implications of an election-year decision that may influence which party controls the chamber.