Almost five years after the Deepwater Horizon oil spill, the Obama administration has proposed new regulations aimed at strengthening oversight of offshore oil drilling equipment and ensuring that out-of-control wells can be sealed in an emergency.
Defying the Republican-run Congress, President Barack Obama rejected a bill Tuesday to approve construction of the Keystone XL oil pipeline, wielding his veto power for only the third time in his presidency.
With the recent dip in oil prices, the Environmental Protection Agency wants the State Department to “revisit” how much of a toll the Keystone XL oil pipeline would have on global warming.
BP is selling part of its stake in an emerging oil-producing region in the Gulf of Mexico to Chevron, and the two companies, along with Conoco Phillips, will work to develop the fields together.
Let’s check some of the claims about the pipeline as a bill approving it heads toward likely passage by the Republican-led Senate and a veto by President Barack Obama.
The Pollan Family Table is out now from CBS sister company Simon & Schuster. This excerpt shows their recipe for butternut squash soup with toasted pumpkin seeds.
Gasoline prices in Chicago are at their highest levels in six months.
The president spent time Friday at several stations at the facility that research how cars use energy.
The two presidential candidates were asked a question by CBS Local about Obamacare vs. Romneycare and asked them to talk about the similarities or differences between the two plans.
Today on the CBS Local forum, Romney and Obama were asked: What will you do to make the U.S. more energy independent?
Americans continually hear that the president of the United States can do nothing about gas prices. John Hofmeister says that isn’t true. The doubled gas prices could have been avoided but no one in a political position who can do anything about the prices wants to do anything.
Oil has been trading above $100 a barrel for the first time since July, but a local expert doesn’t think that will translate into significantly higher prices at the pump.
There’s one positive side to the turmoil in the financial markets. Experts say gas prices should continue dropping for the next 90 days or so.
With oil and food prices surging, the consumer inflation rate rose last month at its fastest pace in nearly two years, up half a percent in February.
The price for a gallon of regular unleaded gasoline crept close to $4 at some Chicago stations, as prices at the pump spiked almost 10 cents over the weekend.
You’re not seeing things. The price of gasoline is shooting up to levels that Chicagoans haven’t seen in a couple of years.
If you’ve filled up your car recently, you already know the price of gas is going up. The national average for a gallon of regular is $3.07. Here in Chicago, that same gallon costs $3.30. As CBS 2’s Dorothy Tucker reports, consumers will feel this price hike in more places than just the pump.
If you’ve been driving throughout the Chicago area, you know gas prices are jumping. But experts predict the worst is yet to come. One former oil executive said we could see $5 a gallon in the next year. CBS 2’s Jim Williams reports why we’re seeing higher gas prices, and how Chicagoans are reacting.
Gas prices have spiked in Chicago in the past week, and the falling dollar and the rising cost of oil are to blame, experts say.