Oil and Gas

9:45am

Fri March 23, 2012
The Two-Way

Why Gas Prices Are Rising Even As Demand Is Down

The prices at a gas station in Los Angeles earlier this month.
Frederic J. Brown AFP/Getty Images

On Morning Edition this week we looked at "What's Making Americans Less Thirsty for Gasoline?"

Now let's examine another important question: "If our demand for gasoline is falling, why are prices in the U.S. rising?"

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5:00am

Fri March 23, 2012
Environment

Task Force Scrutinizes Number of Inspectors in Colorado Oil Fields

Colorado Department of Natural Resources

The chairman of a Governor-appointed task force on oil and gas drilling says the panel is on-track to meet its April 18th deadline, despite concerns raised by some that the work load is too great.

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4:48pm

Thu March 22, 2012
It's All Politics

Obama Returns To Oklahoma Talking Oil

President Obama announces support for building an oil pipeline from Oklahoma to Texas, Thursday in Cushing, Okla.
Tom Pennington Getty Images

Thursday marked the first time President Obama has visited Oklahoma since running for the White House in 2008. He didn't win the state four years ago, and he's not expected to carry the traditionally red state this November, either.

But one Oklahoma town took center stage Thursday as Obama wrapped up a two-day tour of four states promoting his energy policy.

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1:00pm

Thu March 22, 2012
Environment

Hickenlooper Oil and Gas Task Force up against Tight Deadline

State of Colorado

Some members of the Governor’s oil and gas task force studying whether local governments should have more authority to regulate drilling are worried they won’t finish their work by an April 18th deadline. 

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3:04am

Thu March 22, 2012
Energy

What's Making Americans Less Thirsty For Gasoline?

Originally published on Fri March 23, 2012 5:03 am

Growing demand for more fuel-efficient cars and trucks, like these 2009 Dodge Journey crossover vehicles, has helped drive down gasoline consumption in the U.S.
David Zalubowski AP

The price of gasoline keeps rising for Americans, but it's not because of rising demand from consumers.

Since the first Arab oil embargo of the 1970s, the U.S. has struggled to quench a growing appetite for oil and gasoline. Now, that trend is changing.

"When you look at the U.S. oil market, you see that there's actually no growth," says Daniel Yergin, chairman of IHS Cambridge Energy Research Associates.

He says gasoline demand peaked in 2007 and has fallen each year since, even though the economy has begun to recover.

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