A growing consensus is emerging from the likes of BP Plc, the International Energy Agency, shale wildcatters and even the Saudis that a near-term recovery to $100-a-barrel crude isn't in the cards. Instead, expect a range of $50 to $60 for at least the next few years.
Defying the Republican-run Congress, President Barack Obama rejected a bill Tuesday to approve construction of the Keystone XL oil pipeline, wielding his veto power for only the third time in his presidency.
An attempt to force U.S. President Barack Obama to approve the Keystone XL pipeline is being rebuffed, with the White House confirming that the president will veto a pro-Keystone bill, the first legislation of its kind passed by Congress.
Americans for Prosperity launched a massive campaign to urge President Obama not to veto the Keystone XL Pipeline project. They’ve mobilized 2.3 million of their grassroots activists to call the White House switchboard...
Last year, the United States far outpaced every other country in the world in boosting oil production.
Falling oil prices threaten to slow the US drilling boom. The downturn has also increased calls to lift the ban on exporting oil and natural gas from the US - an outdated policy that should be changed.
The Senate passed a bill on Thursday to force approval of the Keystone XL oil pipeline, which President Obama is certain to veto in his first official clash with the new Republican-majority Congress.
Defying a presidential veto threat, the House of Representatives passed a bill approving the construction of the Keystone XL pipeline.
Nebraska's highest court tossed a lawsuit Friday challenging a proposed route for the Keystone XL oil pipeline, saying the landowners who sued didn't have legal standing to do so. The Nebraska Supreme Court decision could remove a major roadblock for the $7 billion cross-continental project.
Setting up what is likely to be the first of many confrontations with the White House, the Republican-controlled Senate Tuesday announced its first piece of legislation, a bill to approve the construction of the much-delayed Keystone XL oil pipeline.