Americans continually hear that the president of the United States can do nothing about gas prices. John Hofmeister says that isn’t true. The doubled gas prices could have been avoided but no one in a political position who can do anything about the prices wants to do anything.
Government geologists say the Utica Shale formation holds about 38 trillion feet of recoverable natural gas.
The Canadian company that wants to build the disputed Keystone XL pipeline in the U.S. submitted a new application for the project Friday after changing the route to avoid environmentally sensitive land in Nebraska.
The Democratic-controlled Senate has rejected a Republican bid to speed approval of an oil pipeline from Canada to Texas.
President Barack Obama says simply calling for more drilling is just a “bumper sticker,” not a real plan for bringing down rising gas prices.