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The United States is expected to churn out far more oil in 2019 than what international analysts originally forecasted. The International Energy Agency, a Paris-based organization that helps coordinate energy policies for industrial countries, released its latest oil market report Friday, noting exceptional numbers for the U.S. fossil fuel industry. The agency reported U.S. oil production is expected to rise by 1.3 million barrels a day in 2019. While this number is lower than the record-smashing 2.1 million increase producers enjoyed in 2018, it’s more than double what the IEA initially expected to see in 2019. The forecast illustrates the...

World food prices continued to rise drastically in December and are still escalating thus far in 2011, with no end in sight. According to the United Nations, the prices are now close to the crisis levels of 2007. The New York Times reports: "Prices are expected to remain high this year, prompting concern that the world may be approaching another crisis, although economists cautioned that many factors, like adequate stockpiles of key grains, could prevent a serious problem." Data of commodity prices in the world export market have been measured by the United Nations. The UN asserts that wealthy nations...

In a bombshell new development in the AL GORE SEX SCANDAL, The ENQUIRER has learned exclusively that the former vice president has finally been interviewed by police in the Molly Hagerty case. Sources close to the investigation reveal that detectives from the Portland, Oregon, Police Bureau traveled quietly to San Francisco on Thursday for the secret meeting with the 62-year-old Nobel Prize winner. "Al Gore has finally been interviewed face to face by detectives in the Molly Hagerty case," a close source told The ENQUIRER. "Details of what was disclosed in the police interview by Gore --and exactly how long...

NEW YORK (AP) — Oil prices fell to the $111 level Friday, reaching their lowest point in more than three months after the dollar muscled higher and OPEC predicted world demand for energy will keep falling.

This morning, Republicans will return to the dimmed floor of the House of Representatives to continue to fight on behalf of American families hurting from high gas prices. It has now been ten days since House Democrats turned off the lights and breezed out of Washington for a paid vacation without any meaningful action to bring down energy costs. For months, the American people have demanded more energy production, yet this Democrat majority found the pleas of their constituents just a petty annoyance. But as Speaker Pelosi - off on her self-promoting book tour - has found, when House Republicans...

How Obama and the Democrats Screwed Up on Drillingby Steve Kornacki August 6, 2008 The Democrats are supposed to own the issue of energy, if only because they've mastered the art of tarring Republicans as the party of Big Oil. It's a caricature that the G.O.P., with its mocking scorn for conservation, addiction to corporate tax cuts and unkickable habit of nominating oil men for national office, has done nothing to refute. Of course, the Democrats are also (supposedly) the masters of the blown political save, experts at devising new and ever more elaborate means of snatching electoral defeat from...

LANSING, Mich. — Senator Barack Obama altered his position on Monday to call for tapping the nation’s Strategic Petroleum Reserve to lower gasoline prices as he outlined an energy plan that contrasts with Senator John McCain’s greater emphasis on expanded offshore drilling and coal and nuclear technology. In a speech here and in a new advertisement, Mr. Obama, the presumptive Democratic nominee, also sought to portray his Republican rival, Mr. McCain, as “in the pocket” of oil giants that are profiting from gasoline priced at more than $4 a gallon. And in his speech, Mr. Obama called for a windfall...

ABC News' Sunlen Miller reports: Sen. Barack Obama, D-Ill., fought back against the perception that he’s shifted away from his opposition to off-shore oil drilling by suggesting he softened his position as a compromise toward a broader energy policy. Obama first indicated Friday in an interview with the Palm Beach Post that he would be willing to compromise on his opposition to off-shore drilling, and would consider expanding the current drilling boundaries -- if it was part of a plan to make the country more energy independent by developing more fuel-efficient cars and alternative energy sources. Today, at a press...

Despite a pledge by OPEC ministers to increase oil production, don't expect much of a break on oil prices. With crude oil prices hitting a record $56 a barrel Wednesday, OPEC ministers meeting in Iran have been grappling with a problem they haven’t confronted in the cartel’s 45-year history. In the past, OPEC tried to cool overheated prices by pumping more when supplies got too tight. But most OPEC producers say they’re already pumping as fast as they can. And despite the high cost of a barrel of crude, world demand shows no signs of slowing...