The Iraqi government could end this year with as much as a $79 billion cumulative budget surplus, based largely on ever-increasing oil revenue, congressional auditors say. ...more

August 6, 2008

It was almost inevitable that a combination of $4-a-gallon gas, public anxiety and politicians eager to win votes or repair legacies would produce political pandering on an epic scale. So it has, the latest instance being President Bush's decision to ask Congress to end the federal ban on offshore oil and gas drilling along much of America's continental shelf. ...more

June 20, 2008

TAMPA - Once unthinkable in Florida, the possibility of drilling for oil off the coast got much more thinkable this week after Gov. Charlie Crist, presumptive GOP presidential nominee John McCain and President Bush called for an end to a federal moratorium. ...more

June 19, 2008