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"House Passes a Bill to Expand Offshore Oil Drilling"

"With rising gasoline prices and skyrocketing oil company profits as a backdrop, the House approved a bill on Thursday to force the Obama administration to accelerate oil lease sales in the Gulf of Mexico and off the coast of Virginia."
 

Source: NY Times, 05/06/2011

"Big Oil's Big Pay Day"

"The oil giants — BP, Chevron, ConocoPhillips, Exxon Mobil, and Shell—recently released their first quarter reports. Together, the big five's profits were 38 percent higher in the first quarter of 2011 than the same period last year."

Source: Mother Jones, 05/04/2011

"Energy Information Agency Feels Budget Ax"

"The federal government’s ability to gather and analyze energy data and produce market forecasts will be significantly impaired by the recently enacted budget cuts, the administrator of the Energy Information Administration said."

Source: Green (NYT), 05/02/2011

"Despite Bipartisan Support, Nuclear Reactor Projects Falter"

"In an effort to encourage nuclear power, Congress voted in 2005 to authorize $17.5 billion in loan guarantees for new reactors. Now, six years later, with the industry stalled by poor market conditions and the Fukushima disaster, nearly half of the fund remains unclaimed. And yet Congress, at the request of the Obama administration, is preparing to add $36 billion in nuclear loan guarantees to next year’s budget."

Source: NY Times, 04/29/2011

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