As Americans hit the road this summer and gas prices are in the news, the Trump administration continues to seek a solution to what's proven to be a thorny issue - the Renewable Fuels mandate (RFS). Now more than a decade old, this is the law that forces more and more ethanol into our fuel supply.
Now is the time to proceed with seismic surveys of the Atlantic between New Jersey and Florida. Mapping the ocean bottom with new and safe technology will provide a better understanding of how much oil and natural gas is available offshore.
A top U.S. oil and gas industry leader is setting its sights on expanding offshore drilling in the eastern Gulf and off the coast of mid-Atlantic states.
American Petroleum Institute CEO Jack Gerard video interview on the impact of increasing tariff tensions on the U.S. energy industry. Description: American Petroleum Institute CEO Jack Gerard video interview on the impact of increasing tariff tensions on the U.S. energy industry. Interview on Fox Business.
The coalition is led by former Secretary of Veterans Affairs Jim Nicholson and Jim Webb, the former Navy secretary and Virginia Democratic senator.
Energy Secretary Rick Perry on Monday defended President Donald Trump's call to bolster struggling coal-fired and nuclear power plants, saying a rash of plant retirements is "alarming" and poses a looming crisis for the nation's power grid.
A diverse group of energy industry associations issued the following statement condemning the Administration's draft plan to bail out coal and nuclear plants across the country.
"We are deeply discouraged by the administration's actions to impose tariffs on our three closest trading partners - Canada, Mexico, and the EU - and view this as a step in the wrong direction," API Pres. Jack N. Gerard responded.
Economists agree that no person or action can single-handedly affect pump prices over time, which are largely driven by a global oil market. That doesn't mean we can't indulge in the human condition of blame.
With misinformation floating around about gasoline costs, it may be helpful to explain a few of the factors that influence prices at the pump.
