Energy crisis
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How Saudi Arabia can stop America from producing more fuel
The myth of energy independence, despite US assertions. “If I was Saudi Arabia, and I didn’t want to lose marketshare to these producers in Texas, I would send them a signal that any time I want to … I can basically ruin the economics of your industry,” says one energy expert.
Can Rebels Boost Oil Production?
Before the uprisings began in Libya in February, the nation produced 1.6 million barrels of oil per day, and was responsible for two percent of the world’s oil supplies. Six months ago, shipments stopped at the rebellion grew there. The loss of Libyan oil drove up the price of Brent crude, which is sold to […]
Government Weighs Opening Strategic Oil Reserves
Political turmoil in the Middle East has brought the price of a barrel of oil over $100. In the U.S., gasoline is averaging $3.50 per gallon. In response, President Obama is considering opening up the nation’s strategic oil reserve. Unrest in the Middle East always has a direct correlation to our payments at the pump: […]
Enron and the Energy Plan
Democratic Representative Henry Waxman from California says Enron had easy access to the White House Energy Task Force and it shows. According to Representative Waxman, the Bush admistration’s National Energy Plan advances 17 policies Enron advocated. Host Steve Curwood talks to Representative Waxman about his report on this issue.