Gas prices across the country are spiking. An article in USA Today warns 2012 is likely to be the costliest year ever at the pump, noting that the national average price for gasoline is up 30 cents since mid-July and is now higher than year-ago levels in 39 states.
OhioAmerican Energy, Inc., announced yesterday it would close its coal mining operations in Brilliant, Ohio. The company’s press release cites “regulatory actions by President Barack Obama and his appointees” as the “entire reason” for the mine’s closure.
Under President Obama, the issuance of economically significant regulations – those regulations that cost the economy at least $100 million annually – has increased significantly. In fact, according to OMB data, President Obama has issued, on average, 35 percent more economically significant regulations than the prior administration.
China is looking to secure its foothold on Canada’s oil sands, an entirely unsurprising development as President Obama continues to ignore North America’s rich energy resources and delay construction of the Keystone XL pipeline. On Monday, China's state-owned Cnooc offered to buy the Canadian energy company Nexen, a significant player in the oil sands market.
In a recent press interview, EPA Administrator Jackson tried to blame the decline of coal electricity generation on the low price of natural gas, stating, "The problem for coal right now is entirely economic." Jackson is attempting to deflect blame for plant closures, job losses, and e
Natural gas production currently supports 1 million American jobs could support up to 1.5 million jobs by 2015 according to a new study released today by IHS Global Insight. This new employment analysis complements the firm’s December report on the economic impacts of U.S. shale gas production.