Energy policy: A state of disunion in the US
President Obama's plans to green the US economy face political and financial obstacles
IN HIS State of the Union speech, President Barack Obama called for federal spending on research and development at a level unseen since the height of the Space Race. "Half a century ago, when the Soviets beat us into space with the launch of a satellite called Sputnik, we had no idea how we'd beat them to the moon," he said. "The science wasn't there yet. Nasa didn't even exist. "But after investing in better research and education, we didn't just surpass the Soviets; we unleashed a wave of innovation that created new industries and millions of new jobs." Many members of the audience were not even born in October 1957, when the Soviet Union surprised the world by putting the first artificia
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The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
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The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
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With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
