Not only might Alaskans have to pay a state income for the first time since 1980, three years after the Trans-Alaska Pipeline was completed, but Alaska Permanent Fund checks might drop 50 percent to cope with falling crude oil tax revenue.
Dec 29, 2015 The New York Times
Thanks to a 'must-pass' omnibus spending bill that President Obama indicated he would sign, the ban on crude oil exports, a relic of the 1973 Arab oil embargo, will be lifted. In exchange, energy credits will be extended for wind and solar products.
Dec 17, 2015 CNBC
A production-side approach to tackling climate change is the basis of new legislation by Sen. Jeff Merkley (D-Ore.). The "Keep it in the Ground Act" would prevent new drilling for any fossil fuel on federal lands or renewal of nonproductive leases.
Nov 11, 2015 Sen. Jeff Merkley Press Release
After TransCanada hit the "pause button," President Obama hit "reject." The seven-year saga has come to an end, announced President Obama in a noon White House statement to the press on Friday where he took no questions.
Nov 6, 2015 The White House
It's the best of both worlds for OPEC as cheap oil prices increase demand while high-cost rival oil producers are forced to close down wells according to an OPEC study released Oct. 12. And it was all planned.
Oct 20, 2015 Reuters
Oil prices plummeted 60 percent since last summer, yet American crude output will reach a record this year according to the Energy Information Administration's Fall Short-Term Energy Outlook. Gas prices will drop about 35 cents this year.
Jun 14, 2015 USA Today
An IEA report suggests that oil prices have bottomed-out, are now on the rebound, and that demand for OPEC's oil will start rising next year. OPEC predicts that U.S. oil consumption will increase after years of decline, thanks to U.S. motorists.
Feb 12, 2015 OPEC Says U.S. Motorists
American motorists are enjoying the lowest gasoline prices in five years because OPEC chose not to reduce oil output in the hopes that decreased oil prices will be lower than the cost needed to frack oil from shale.
Dec 2, 2014 Vox
The worthy foe is not environmental regulations nor the the government or public demanding fracking moratoriums and bans. It is the falling global price of oil. Two radio reports explore how the global glut of oil affects U.S. shale oil production.
Oct 16, 2014 NPR
The Wall Street Journal re-examines the doomsday scenarios of Peak Oil now that fracking has pushed oil production to record levels.
Sep 30, 2014 The Wall Street Journal