Oil and Gas

7:27am

Mon March 12, 2012
It's All Politics

Monday Political Grab Bag: Rising Gas Prices Hurt Obama's Ratings Etc

Some voters believe President Obama has the power to lower gas prices and are blaming him for higher costs.
Gene J. Puskar AP

Rising gas prices have many voters looking for someone to blame and President Obama appears to be as good a target as anyone, a new Washington Post/ABC News poll suggests, with the president's approval rating falling from 50 percent last month to 46 percent recently.

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6:20am

Mon March 12, 2012
The Two-Way

Report Shows Drop In U.S. Oil Imports

Originally published on Tue March 13, 2012 5:53 am

The White House will unveil a report today showing that U.S. dependence on foreign oil imports has dropped by more than two million barrels a day since President Obama took office.

The report shows U.S. imports at 8.4 million barrels a day last year from 11 million barrels a day in 2008. As a percent of all U.S. consumption, foreign imports went from 57 percent down to 45 percent in the same period, the report says.

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10:01pm

Sun March 11, 2012
Looking Up: Pockets of Economic Strength

Jobs Abound In Energy Industry's New Boom Time

Originally published on Wed November 28, 2012 3:47 pm

Oil workers on a drilling rig owned by Chesapeake Energy in Ohio. Students are flocking to the energy field.
Gus Chan The Plain Dealer/Landov

Part of a series

Economists say many industries are looking up this year. But perhaps none has a better outlook than the energy sector.

New drilling technologies and rising fuel prices have generated a boom in drilling — and lots of high-paying jobs for people with the skills to work in the oil patch. On some college campuses, companies are so eager to find petroleum engineers that they are offering jobs to students even before they have graduated.

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10:01pm

Tue March 6, 2012
Energy

Is U.S. Energy Independence Finally Within Reach?

Originally published on Wed March 7, 2012 6:17 pm

A worker hangs from an oil derrick near Williston, N.D. The state now produces 500,000 barrels of crude oil per day, and production continues to rise.
Gregory Bull AP

Rising gas prices have been the big energy story of the past several weeks. But many energy experts say that's a sideshow compared with the really big energy event — the huge boom in oil and natural gas production in the U.S. that could help the nation reach the elusive goal of energy independence.

Since the Arab oil embargo of 1973, energy independence has been a Holy Grail for virtually every American president from Richard Nixon to Jimmy Carter to Barack Obama.

But now, it might just be within reach.

The Shale Gale

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4:04pm

Mon March 5, 2012
The Two-Way

High Court To Reconsider Major Human Rights Ruling

Originally published on Mon March 5, 2012 4:24 pm

The U.S. Supreme Court said Monday that it will hear reargument next term in a major human rights case, raising the specter that the justices might reverse a 2004 ruling that allowed some lawsuits in U.S. courts for human rights atrocities committed abroad.

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