William L Schachte: A Declaration Of Energy Independence

Ending dependence on foreign oil. The United States is closer than ever before to fulfilling the vision of our Founding Fathers. By achieving energy independence, we can achieve freedom from foreign influence. Yet on the basis of alarmist and groundless claims, the Obama administration is balking on two key elements of this new energy security:      ... MORE

U.S. Economic Growth Nearly Grinding To A Halt

by Chico Harlan.       The U.S. economy ground nearly to a halt in the first three months of the year, according to government data released Wednesday morning, as exports plunged and severe winter weather helped keep consumers indoors. The gross domestic product grew between January and March at an annualized rate of 0.2 percent,      ... MORE

Dumb Policies Frustrate Benefits Of Falling Oil Prices

by Peter Morici.   Falling gas prices add to holiday cheer, but those are not an unvarnished good for the U.S. economy—thanks to bad economic policy. Oil selling at about $65 a barrel oil prices gives consumers and many businesses a lot of additional buying power, but it also puts a damper on the U.S. oil and gas boom. For now, U.S. oil    ...  MORE 

Ronald Bailey: How Low Can Gas Prices Go?

Peak oil? What peak oil?     The price of oil in global markets has plunged by nearly 40 percent over the past six months. As a result, the price of a gallon of regular gasoline in the U.S. has dropped from an average of $3.68 in June to $2.74 this week. In June, the U.S. Energy Information Administration had projected that a gallon of gas    ... MORE

U.S. To Become Bigger Oil Producer Than Saudi Arabia

The glory of fracking.       Hector Gallegos sits in the cab of his pick-up enjoying a few hours of calm. A day earlier, workers finished carting off the huge rig that had drilled three new wells beneath this small patch of south Texas farmland and he’s now getting ready to prime them for production. He reckons that about three weeks from now    ... MORE

Tom Leonard: New Gold Rush Proves Anti-Frackers Wrong

The best economic news in decades.     As he takes me on a tour of his buzzing little town, mayor Brent Sanford points out the acres of development that have already happened — the giant grocery store, the smart restaurant, the school extension and the endless housing developments. And he tells me what’s still to come — a smart    ... MORE

John Stossel: Gas Myths

Plan to drive more this summer?     Annoyed by the price of gas? Complaining that oil companies rip you off? I say, shut up. Even if gas costs $4 per gallon, we should thank Big Oil. Think what they have to do to bring us gas. Oil must be sucked out of the ground, sometimes from war zones or deep beneath oceans. The drills now bend and dig sideways   ... MORE

Damon's Anti-Fracking Movie Financed By Oil-Rich Arabs

Lachlan Markay on an inconvenient truth.    A new film starring Matt Damon presents American oil and natural gas producers as money-grubbing villains purportedly poisoning rural American towns. It is therefore of particular note that it is financed in part by the royal family of the oil-rich United Arab Emirates. The creators of Promised    ... MORE

VIDEO: The Truth About Fracking

Top 10 Obama Anti-Business, Anti-Job Actions

from Human Events.       President Obama loves to complain that he inherited an economic mess. That may be true, but his wrong-headed policies have only made matters worse, taking actions that hurt businesses and stunt job growth. 1. Obamacare costs Obamacare will impose a new cost on many small businesses that currently do not provide health  ... MORE