We've stressed the economic benefits of lifting the ban on U.S. crude oil exports... and would affect virtually every American in a positive way. No less important are the benefits for American security and foreign policy from letting U.S. crude trade freely in the global marketplace.
The existing, southern segment of the Keystone oil pipeline system has pumped its billionth barrel, owner TransCanada Corp. said Monday. The company is using the milestone to promote the safety of its pipeline and push the Obama administration to approve the highly controversial northern segment, known as Keystone XL.
The country's decade-old Renewable Fuel Standard requires increasing levels of plant-based ethanol and biodiesel to be added to traditional fossil fuels. It was supposed to be good for the economy and great for the environment. It has been neither - and it could get even worse.
The U.S. Supreme Court on Monday ruled against the U.S. Environmental Protection Agency (EPA) by forcing it to consider costs before deciding whether regulation of air pollutants is appropriate and necessary.