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Senate keeps ‘Big Oil’ tax breaks, scrambles for answer to high gas prices

Senate keeps ‘Big Oil’ tax breaks, scrambles for answer to high gas prices

WASHINGTON, March 29 (UPI) -- As the U.S. Senate voted 51-47 against a bill that would remove billions of dollars in oil company tax breaks, members of the Senate Committee on Energy and Natural Resources pressed a panel of experts on the nation's rising gas prices.
DAVID UNGER, MEDILL NEWS SERVICE, Written for UPI
Gustav reminds U.S. of oil vulnerabilities

Gustav reminds U.S. of oil vulnerabilities

NEW ORLEANS, Sept. 2 (UPI) -- Hurricane Gustav's rampage through the Gulf of Mexico was a stark reminder that U.S. oil supplies are vulnerable to major storms, analysts said.

Analysis: Nigeria losing 650,000 bpd

Increased violence has caused Nigerian oil output to decline by 650,000 barrels per day, according to the West African country's vice president.
CARMEN GENTILE, UPI ENERGY CORRESPONDENT

Analysis: India, China to aid Nigeria oil

India and China have decided to help Nigeria build new refineries rather that continue to buy crude oil for export from the petroleum-rich West African nation.
CARMEN GENTILE, UPI Energy Correspondent

Analysis: Oil prices look skyward

WASHINGTON, March 18 (UPI) -- With the plummeting dollar, geopolitical uncertainty and investor speculation all being blamed for soaring oil prices, it is unclear whether U.S. Vice President Dick Cheney's efforts to persuade Saudi Arabia to increase oil production will result in cheaper oil.
KRISHNADEV CALAMUR, UPI International Security Editor

Analysis: Does storing oil raise prices?

As oil prices skyrocket, some policymakers want to halt efforts to increase the nation's emergency oil reserve, but the administration says energy security depends on the stockpile's size.
ROSALIE WESTENSKOW, UPI Correspondent

Analysis: Nigeria's resource curse

Nigerian Vice President Jonathan Goodluck shocked his colleagues and countrymen this week when he referred to his country's oil wealth as an economic curse to his country over the last 50 years.
CARMEN GENTILE, UPI Energy Correspondent

Analysis: Energy report, fact or fantasy?

THE DALLES, Ore., Dec. 3 (UPI) -- A few months after the release of a prominent energy report, some experts say its recommendations possess minimal potential for solving the world's energy woes, while others wish Congress would adopt its comprehensive approach.
ROSALIE WESTENSKOW, UPI Correspondent

U.S. deal: 12.3M barrels to oil reserve

WASHINGTON, Nov. 8 (UPI) -- The Energy Department is opting to fill the strategic oil reserve with oil pumped from U.S. reserves instead of collecting royalties on the oil sales.

Analysis: Energy security a global issue

WASHINGTON, Aug. 2 (UPI) -- Energy security relies not on independence, but a variety of domestic and international cooperative initiatives, a report from the National Petroleum Council sa
ROSALIE WESTENSKOW, UPI Correspondent

Momentum building for nuclear power

WASHINGTON, May 18 (UPI) -- China's lax environment policy and weak grassroots activism are a blessing to the nuclear power industry, and provides a stark comparison to the United States,
SHIHOKO GOTO

Analysis: Bush energy plan fails to excite

WASHINGTON, April 28 (UPI) -- The Bush administration is stepping up efforts to meet the nation's growing energy needs amid spiraling oil prices, but some analysts are skeptical about how effective the proposals will be to address the problem.
SHIHOKO GOTO

Washington Agenda-General

UNITED PRESS INTERNATIONAL
By United Press International

Washington Agenda-General

UNITED PRESS INTERNATIONAL
By United Press International
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