Contrary to what we’ve heard, the United States does not export more oil than it imports. We’re actually far from energy independent. No amount of embellishing government statistics changes those facts. Read more
Once again, an American president has begged, cajoled or hectored the Saudis and OPEC to produce more oil to keep prices low.
Pressure is mounting on the U.S. government to hold Saudi Arabia accountable for the death of American-based journalist Jamal Khashoggi. Our complicated relationship with the kingdom, held together for decades by oil and arms, narrows our palette of options.
There is one issue that unites America like no other: the pursuit of genuine energy independence. Our national security demands it. Our national economy demands it.
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?