The favorite topic du jour in DC these days is the price of gas - and this being DC - the blame game around it. The right talks about the lack of supply - and says the solution lies in relaxing green refinery rules and opening up ANWR. The left blames corporate profiteering […]

The Republicans are trying to get the upper hand in the escalating political battle over high gasoline prices by proposing a $100 rebate for taxpayers, by suggesting that they might increase taxes on oil-industry profits, and by proposing the old chestnut that ANWR should be opened. The price tag for the Republican package has been […]

Exxon Mobil posted record first quarter-profits of over $8 billion but that wasn’t enough to meet Wall Street’s eager expectations.  Exxon’s net income of $8.4 billion, or $1.37 a share, was up 7% from $7.9 billion, or $1.22 a share, in the year-earlier period.

Europe’s largest-ever windfarm was granted permission yesterday by the Scottish Executive. It will be built at Whitelee, south of Glasgow, will cost £300m to build and its 140 turbines will produce enough electricity to power 200,000 homes.

Great sketch in yesterday’s Washington Post by Dana Milbank about the hypocrisy of America’s politicians when it comes to driving. Suddenly as the price of fuel reaches $3 a gallon, everyone is up in arms.
They preach that America has a problem with rising fuel costs and energy security. Although they moan about it, not […]