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Energy Myth
Myth: Raising taxes on U.S. oil and natural gas companies will lead to America being less dependent on foreign oil and encourage use of alternative sources of energy.
Fact: Historically, higher taxes have resulted in less domestic energy – and restrained supplies often lead to higher energy costs for consumers. In today’s economy, that could stifle a recovery and make Americans more dependent on foreign oil and natural gas. New taxes will make it more expensive for oil and natural gas companies to initiate traditional and alternative energy exploration and development programs, putting our nation further behind in the race for more energy.
Energy Events
Energy Forum News
Energy plays key role in Obama's State of the Union
For the third year in a row energy played a central role in President Obama's State of the Union address, with the president leaning hard this year on the twin themes of increased domestic oil and gas production and the need to invest more in renewable sources.
Political Price for Keystone Delay?
Will Obama pay a political price for the Keystone Pipeline delay?
Republicans push plan to force Keystone XL decision
Senate Republicans are pushing legislation that would force the Obama administration to decide whether to permit the controversial Keystone XL pipeline within two months if passed.
TransCanada Pipeline Bill Would Force U.S. Permit Within 60 Days
Senate Republicans introduced a bill that would require the Secretary of State to issue a U.S. permit for the Keystone XL pipeline within 60 days. This still "provides adequate time for Nebraska to shift the route of the pipeline" while allowing construction to begin elsewhere.
Obama punts Keystone XL pipeline
The State Department on Thursday announced that it's punting a decision on the controversial Keystone XL pipeline until at least the first quarter of 2013. House Speaker John Boehner responded: "More than 20,000 new American jobs have just been sacrificed in the name of political expediency".

