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Opinion: There's No Silver Bullet for High Gas Prices

American motorists can't be blamed for viewing the current jump in gasoline prices as a potential precursor to even bigger problems down the road. Major oil disruptions in the Middle East have historically led to higher inflation, unsustainable negative balances of trade and recessions -- all in addition to the aggravation...

Obama Bans New East Coast Offshore Drilling: 3 Possible Reasons

(Dec. 1) -- Don't drill, baby, don't drill. Reversing its pre-BP oil spill disaster position, the Obama administration announced today that it will not engage in offshore drilling on the East Coast of the U.S. and the eastern Gulf of Mexico region, according to The Associated Press. The original policy, announced three...

foreign oil News From AOL

THE HUFFINGTON POST

Paul Heroux: Can We Trust Republican Motives When Oil Is Involved?

Middle Class Tax Relief & Job Creation Act (AKA: the payroll tax cut Bill) is a contentious issue not because it is unrelated to jobs, but because it is hard to trust Republican motives.

DAILYFINANCE

America May Not Need Middle East Oil After All

Americans have never shied away from burning oil.

DAILYFINANCE

China's Pending Energy Crisis

As mature economies like the U.S. and Europe sputter postrecession, China has caught the world's attention as an economic power.

Background on foreign oil

North American energy independence is a stated goal of those who believe that the North American nations - the USA, Canada and Mexico - must reduce their reliance on oil purchased from outside the continent.

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