“Oil” on The Daily Caller

The price of oil on the futures market and the spot market has been falling rapidly, after rising sharply in the beginning of May, tumbling 21 percent this month. (more)

In last week’s article, I discussed the implications of Western banks manipulating gold prices and how such ventures may be resulting in the transfer of wealth from West to East: (more)

Imagine that every man, woman and child in the United States lacked access to safe drinking water. Now imagine that British scientists had discovered vast underground reserves of potable water from the Rockies to the Appalachians, and a university researcher had announced a major breakthrough in nanotechnology that could convert wastewater into clean, drinkable H2O. With human suffering on that scale, we would drill for the water until the new technology came online, environmental consequences be damned, right? Or would the Environmental Protection Agency “crucify” water drillers, too? (more)

Oklahoma Republican Sen. James Inhofe took to the Senate floor Wednesday to announce an investigation into the Environmental Protection Agency’s “crucify them” enforcement strategy to keep oil and gas producers in line. (more)

The economy of America’s Rust Belt is showing signs of recovery. Over 37,300 jobs have been added to Ohio’s economy this year. That’s in addition to the 62,500 jobs the Buckeye State gained during 2011 — the fifth-largest increase in the nation. Pennsylvania is now home to the nation’s seventh-fastest growing metropolitan area and two of the nation’s 10 fastest-growing counties, according to the Bureau of Economic Analysis. At the same time, industries that once dominated the region’s economy are returning with a renewed vigor. Nowhere is this more evident than with the U.S. steel industry. Last year V&M Star announced plans for a $650 million rolling steel mill in Youngstown, Ohio that would create 350 jobs. Less than a year later Republic Steel announced it would construct an electric arc furnace that will bring 450 jobs to Lorain, Ohio. (more)

Iranian officials claimed a victory over the U.S. Wednesday, saying the superpower backed down with its decision to not penalize 11 countries that have bought Iranian oil. (more)

No matter how much President Obama protests, the simple fact is that he continues to oppose and mock and disparage oil and gas drilling. He is a prisoner of the environmental left, and he remains on the wrong side of energy history. (more)

In an effort to rally the base and go on the offensive following the killing of the Keystone XL pipeline plan, President Barack Obama turned on the pro-free market Koch brothers, releasing a campaign ad that refers to “secretive oil billionaires attacking President Obama.” The effort did not escape the attention of Koch Industries, which promptly released a statement saying that it is “unfortunate that the president demonizes Koch and other job creators for political gain rather than create an environment that will promote job growth and help businesses and the people they employ flourish.” (RELATED: Obama re-election ad targets Koch brothers, touts ‘green tech’ jobs) (more)

RIYADH, Saudi Arabia (AP) — Gulf Arab nations are prepared to offset any potential loss of Iranian oil in the world market, a senior Saudi oil official said as Iranian officials stepped up their rhetoric Wednesday about shutting off a key supply route. (more)

Oil prices dropped below $99 a barrel Wednesday amid worries about the eurozone’s debt crisis and expectations OPEC will keep its output quotas unchanged. (more)

WASHINGTON (AP) — The U.S. trade deficit narrowed in October to its lowest point of the year after Americans bought fewer foreign cars and imported less oil. (more)

NEW YORK (AP) — Oil prices dropped below $98 per barrel Friday to the end a volatile week that mixed jitters about Europe’s debt with the prospect of tighter oil supplies and improving economic conditions in the U.S. (more)

Alberta’s top official said this evening that the White House’s surprise opposition to the Keystone XL pipeline pressures the province to seek different export routes for its valuable oil. (more)

While some pundits are busy calling Sarah Palin thin-skinned, claiming that there is “no space for her” in the 2012 race and incessantly speculating about her potential announcement date, some of us are sitting by laughing, sufficiently amused by typical establishment tactics that have grown tired, old and frankly a little boring. (more)

NEW YORK (AP) — Shares were mixed Wednesday for energy companies that do business in Libya as scattered battles flared throughout the capital. (more)

The collapse of Muammar Gaddafi’s regime in Libya sent prices for Brent crude (which are linked to Middle Eastern affairs) down by $0.44 after initially dropping by 3%. (more)

Oil prices rose Wednesday as traders weighed the prospects for stronger global demand against the backdrop of sluggish U.S. and European economies. (more)

Why have oil and gasoline prices soared for most of the last few years — and why, despite a recent dip in prices, do many analysts expect them to rise for years to come? It comes down to supply and demand. (more)

On June 23, the Obama administration, in conjunction with other governments, announced a plan to release a total of 60 million barrels of oil from strategic oil reserves in the U.S. and other countries, at a rate of 2 million barrels per day for 30 days. (more)

NEW YORK/HOUSTON, July 14 (Reuters) – ConocoPhillips will spin off its refining arm in a bet that each operation will be worth more as separate companies, abandoning the bigger-is-better strategy that had driven oil giants into mergers over the past 15 years. (more)