The story of Craig Colorado is emblematic of what is happening all across this nation: big government regulations eating away at small communities. The effect of government intervention is being felt all across America, where small businesses are struggling to survive. The current administration has vowed to put coal power plants out of business, and [...]

Last Wednesday the Interior Department held the first sale of drilling leases in the Gulf of Mexico in over two years. This was a widely anticipated event because of the Interior Department’s delay in bringing new tracts to the bidding table. While the sale attracted 241 bids totaling $337 million from 20 companies, this does [...]

After three years, the Obama administration will finally decide whether oil exploration in the Chukchi Sea can go forward. Though the administration has yet to make a decision, environmental special interests are trying to halt any actual exploration. Although Alaska’s Chukchi Sea has oil resources second only to the Gulf of Mexico, there is currently [...]

Last week, a number of domestic energy companies announced profitable third quarter earnings.   Despite critic’s cries of corporate greed, profitability in the energy industry is currently due to both limited oil supplies and the concomitant jump in oil prices at the pump.  Thanks to oil shortages (the Libyan conflict alone caused 1.3 million barrels of [...]

Right now, 240 million of the 600 million barrels of oil used in the United States monthly are imported from the Persian Gulf and OPEC countries, while 20 million barrels come from Russia and 50 million from Mexico. Yet, a report released last week by the National Petroleum Council (NPC) concluded that between the U.S. [...]