U.S. Senator Chuck Grassley, along with a fellow Republican and two Democratic lawmakers, introduced legislation in the Senate that’s aimed at allowing the government to bring lawsuits against OPEC members for antitrust violations.
It seems like every day there’s a new headline about the dominance of America’s petroleum sector. Read more
Even if we didn’t import one barrel of oil, we’d still be held hostage to the tyranny of the price, which to a large extent is set by OPEC.
The price of oil reached a record high of $147 on July 11, 2008. Could such a sharp, unexpected spike occur again?
This is the week we show our respect and gratitude to veterans for their service to our country. But that sentiment doesn’t have to be reserved just for Veterans Day.
Oil prices rose on Monday, fueled by jitters about a disruption in supplies after government forces in Iraq moved on the Kurdish-held city of Kirkuk and on oil installations seized by the Kurds in 2014.
The company plans to reduce the number of Ford models but it did not say how many or which ones. And it intends to substantially ramp up its shift away from gas engines into electrification and connected cars, as well as autonomous cars.
Gas is cheap, right? Last year the national average at the pump was a paltry $2.25/gallon. That means if you had a 12-gallon gas tank, you could fill up for less than $30. Gas this “inexpensive” should bring huge benefits to American families. Read more
The Trump administration wants to ratchet up economic pressure on Iran, but unless it can persuade skeptical governments in Europe and Asia to join the effort, it will be forced to use unilateral measures that would probably prove ineffective at choking Tehran’s economy