As Expected, Obama Vetoes Keystone Pipeline Bill

We can’t say we didn’t see this one coming. Obama has vetoed the bill allowing the construction of the Keystone Pipeline, giving himself control over its future: With no fanfare and a 104-word letter to the Senate, Mr. Obama vetoed legislation to authorize construction of a 1,179-mile pipeline that would carry 800,000 barrels of heavy petroleum […]

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Drop in Gas Prices Will Reverse by the Fall

According to a former executive at Shell Oil, we should expect to see gas prices go back up by the fall of this year. The reason? American oil producers are idling their oil rigs in this time of overabundant supply: In an interview with CNBC, former Shell Oil President John Hofmeister predicts that U.S. oil […]

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