Obama Announces Expedited Review for Southern Half of Keystone XL Pipeline

By: Thursday March 22, 2012 12:20 pm

The President held his event in Cushing, Oklahoma, this morning, announcing an expedited review of the southern half of the Keystone XL pipeline, which will move oil from Cushing to refineries at Port Arthur, Texas (in all likelihood raising gas prices in parts of the Midwest). And as Oklahomans listened and Native American protesters demonstrated [...]

Speculation Responsible for Portion of Oil Price Run-Up, But Administration Looks Elsewhere for Solutions

By: Wednesday March 21, 2012 7:42 am

Economists at the Federal Reserve Bank of St. Louis estimate that Wall Street speculation is now the second-largest contributor to oil prices, accounting for 15% of the increase in oil prices over the last decade – correlating strongly with the expansion of commodity trading and speculation in oil futures. This makes speculation perhaps the most [...]

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