Oil Drilling

New York Governor Andrew Cuomo's plan to expedite natural oil gas drilling, or fracking, is too risky to rush. Even with environmental regulations in place, writes Eric Goldstein, there are too many "unresolved substantive issues" to resolve.

The highest gas prices since the summer of 2008 have the two political parties taking separate approaches toward the oil industry - each showing how effective they are at killing each other's plans.

Taft, California was built on oil money, and saw its famous unstoppable oil gusher (still the largest spill in American history) as a boon rather than a disaster. Locals worry this year's centennial celebration may be overshadowed by the BP spill.

With the devastating spill of oil in the Gulf, this post from The National Review suggests taking control over off-shore drilling out of the hands of government and putting it into the hands of private interests.

$147 per barrel oil prices set off a frenzy of new domestic oil drilling that has all but ceased with $46 per barrel. The drop in natural gas drilling has been even more pronounced. When demand returns, domestic oil and gas supplies will likely not.