“Petroleum” on The Daily Caller

Oil has been steadily on the rise since the beginning of 2009. But could it reach mid-2008 levels or climb higher still? (more)

Oil and gasoline prices have risen to their highest levels in two years, and analysts say prices could shoot up dramatically this year as the thirst for fuel grows in the U.S. and around the world. (more)

July 11th, 2008 is a very important date in American history. It is the date that crude oil hit an all-time high of $147.27 a barrel. Nationally, gasoline topped $4 a gallon. (more)

The policy debate rages over fracking, a process for extracting oil and/or natural gas from rock. (more)

Barring a steep drop in crude prices, U.S. motorists can expect to see gas prices exceeding $3 per gallon, if they are not seeing such prices already, according to a new survey of filling stations. (more)

The presidential panel investigating the BP Plc oil spill in the Gulf of Mexico has found no evidence so far that employees made decisions to put profit ahead of safety, Chief Counsel Fred Bartlit said today. (more)

On Tuesday, the Obama administration finally announced the end of a politically motivated offshore drilling moratorium in the Gulf of Mexico. The drilling ban, originally scheduled to be lifted in November, has been the subject of a torrent of criticism from Gulf area residents and leadership. (more)

The Obama administration on Tuesday plans to announce that it is lifting the moratorium on deep-water oil drilling, after putting in place new rules intended to tighten safety. (more)

BP’s ruptured oil well in the Gulf of Mexico is expected to be permanently sealed by Sunday. (more)

The federal judge who struck down the Obama administration’s initial six-month moratorium on deepwater oil-drilling dealt the government another blow on Wednesday. (more)

The Gulf of Mexico oil spill has revealed a previously unknown type of oil-eating bacteria, which is suddenly flourishing. (more)

Mobile, Alabama (CNN) — The head of the government agency that regulates offshore drilling said Tuesday that it is “unlikely” a six-month moratorium on the practice will be extended. (more)

LONDON—BP PLC on Wednesday said it has successfully plugged its Macondo well in the Gulf of Mexico with heavy drilling fluid, a “significant milestone” as the U.K. oil major looks to more permanently block the source of a massive oil spill. (more)

President Obama’s carefully scripted scheme to deflect blame for the Gulf oil spill is starting to crumble. A new report from the Center for Public Integrity puts the White House in the spotlight for its failure to acknowledge the government’s own role in the Deepwater Horizon disaster. (more)

Efforts in Congress and by the White House to limit carbon dioxide emissions appear to be dead for this year, and the likely election outcomes this November suggest that dead they will remain for many years to come.  Instead, the current Congressional majorities may attempt to enact a far more modest package of subsidies, regulations, and other meddling designed to increase the production of “renewable” energy. (more)

President Obama has called the BP oil spill “the worst environmental disaster America has ever faced,” and so has just about everyone else. Green groups are sounding alarms about the “Catastrophe Along the Gulf Coast,” while CBS, Fox and MSNBC slap “Disaster in the Gulf” chryons on all their spill-related news. Even BP fall guy Tony Hayward, after some early happy talk, admitted the spill was an “environmental catastrophe.” The obnoxious anti-environmentalist Rush Limbaugh has been a rare voice arguing that the spill — he calls it “the leak” — is anything less than an ecological calamity, scoffing at the avalanche of end-is-nigh eco-hype. (more)

For 86 days, oil spewed into the Gulf of Mexico from BP’s damaged well, dumping some 200 million gallons of crude into sensitive ecosystems. BP and the federal government have amassed an army to clean the oil up, but there’s one problem — they’re having trouble finding it. (more)

Four of the world’s biggest oil companies said on Wednesday that they were committing $1 billion to create a rapid-response system to deal with deepwater oil spills in the Gulf of Mexico, seeking to restore public confidence in the industry after the BP disaster painfully exposed how unprepared the industry was for a major accident. (more)

Washington (CNN) — British Prime Minister David Cameron said Tuesday that he “completely understands” the anger that “exists … across America” regarding the oil well operated by BP that exploded in the Gulf of Mexico three months ago. (more)

The Gulf oil spill is delivering a crushing blow to coastal residents and businesses, but Washington’s response threatens to place additional hardships on the Gulf region that could jeopardize our national energy security.  In the wake of the accident, President Obama first halted work in the deep water Gulf and then suspended 33 existing deepwater projects. A temporary pause to inspect these deepwater drilling rigs was warranted; an outright ban will cripple the already struggling Gulf Coast community. Now that the BP well has been capped and a permanent solution to the leak is on the way, the president should re-evaluate his hasty and politically motivated decision to issue a deepwater drilling moratorium. (more)