Related Content: oil

Obama Seeks More Oil Market Oversight

On The Radar

Are gasoline prices rising in the United States because of illegal excess market speculation? The White House on Tuesday offered no evidence to support that hypothesis, but President Obama, worried about climbing prices at the pump, nevertheless urged lawmakers to adopt legislation he said would protect consumers and beef up the government's watchdog surveillance of oil trades.
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Obama Push on Oil Markets Seen as More Political Than Practical

On The Radar

Under continued attack from Republicans for high oil and gasoline prices, President Obama unveiled on Tuesday a slate of measures to crack down on financial speculation in energy-futures trading, which Democrats say helps drive up prices. But while a Rose Garden announcement gave the president a platform to be seen calling for action on fuel prices, it’s not clear whether financial speculation is even a major contributor to oil and gasoline prices—or whether the administration’s proposals could have any real impact on the price at the pump.

Obama Postpones Many Issues Until Elections

On The Radar

Missile defense isn't the only area in which President Barack Obama will have "more flexibility" if he's re-elected. Immigration, the Canada-to-Texas oil pipeline, gay marriage, tax policy and other issues could invite bold initiatives by a president who knows he will never run for office again, especially if his party gains ground in congressional elections.
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Senate Thwarts Obama Bid to End Oil/Gas Subsidies

On The Radar

President Obama and the Democratic majority in the Senate tried Thursday to use tax benefits enjoyed by oil and gas companies as a partisan weapon against the sting of rising gasoline prices. It didn’t quite work -- the Senate, with help from four Democrats, defeated a procedural measure aimed at ending the tax benefits -- but the president and his congressional allies argued with gusto that big oil companies and the Republicans who support them are hurting American consumers.

Obama Plays the Long Game on Gas Prices

On The Radar

For the White House, the current gas prices wars are not about today's poll numbers. That's a losing proposition and top officials know it. When you're the "in" party when gas prices rise, you suffer. President Bush did in 2008 and so, by extension, did John McCain. When you're the "out" party, you pounce. That's what Sen. Barack Obama did before the Indiana primary against Hillary Clinton in 2008.
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Voice of the Voters: Louisiana Youth

Web content

With gas prices on the rise, energy is becoming a dominant issue this presidential election. Heading into the Louisiana GOP primary, how do voters in the Bayou State balance the need to develop energy with environmentalism? How has the BP oil spill changed minds? Student Reporter Colby Wilson from Loyola University New Orleans explores these issues in our ongoing Voice of the Voters series.

Sanctions' Squeeze On Iran Tightens

On The Radar

The squeeze on the Iranian economy due to international sanctions is turning into a stranglehold. The latest sign of Iran's economic trouble is a new drop in the country's oil output. And last week brought a new punishment: Iranian banks were barred from participating in a key international clearinghouse.
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Obama Says There's No 'Silver Bullet' on Gas Prices

On The Radar

President Obama launched a fiery defense of his energy policy Thursday amid growing pressure to stem rising gasoline prices, perhaps by releasing oil from the nation's emergency petroleum reserve. Obama avoided mentioning the Strategic Petroleum Reserve option, but acknowledged the pain Americans feel at the pump and mocked Republicans for "acting like 'We've got a magic wand and we will give you cheap gas forever.' "
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Senate Rejects GOP Attempt to Advance Keystone XL

On The Radar

With gas prices becoming a high-octane campaign issue, the Democratic-led Senate beat back a Republican effort to advance the controversial Keystone XL oil pipeline project. Thursday’s vote to attach the project to a must-pass transportation bill failed 56 to 42, with 11 Democrats joining Republicans to support the measure. Sixty votes were needed for passage.
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As Gas Prices Spike, Obama May Tap Oil Reserve

On The Radar

Expectations are high that President Obama will tap the nation's oil reserves by this summer to respond to rising gasoline prices as he seeks a second term, according to analysts who stand on all sides of the question.
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