oil imports

Leaping Gas Prices Have Drivers Hitting the Brakes

As national gasoline prices shoot higher each day, signs of motorists rationing gas purchases have begun springing up around the country. People are buying fewer gallons per fill up and paying more in cash than with credit. All signs that motorists are already cutting back.

Surprising Facts About the U.S. and Oil

You probably have heard that the U.S. is the world's largest consumer of oil. But did you know that we're also the third-largest producer of oil? And yes, the U.S. imports more than half its oil. But our two biggest suppliers are our nearest neighbors.

Natural Gas Can Be America's Fuel of the Future

Unless there's a breakthrough in battery technology, gasoline will remain the primary auto fuel in the U.S. for years. But our dependence on imported oil comes with a major risk of supply disruption. And the U.S. has a domestic alternative that's ready and reliable: natural gas.

Enbridge Closes Another Oil Pipeline

Enbridge Inc. (ENB) closed another pipeline after spotting a possible leak in New York. It%u2019s the third pipeline Enbridge has closed since July, following leaks in Illinois and Michigan, The Associated Press reported.

Enbridge Says It Recovered Most of the Oil From Damaged Pipe

The 34-inch pipe in Romeoville, Ill., 30 miles southwest of Chicago, is still shut, with no indication of when it will reopen. Enbridge said it collected about 6,050 of the 6,100 barrels that leaked. The 34-inch pipe in Romeoville, Illinois, 30 miles southwest of Chicago, is still shut, with no indication of when it will re-open, Bloomberg News reported. The company said it collected about 6,050 of the 6,100 barrels that leaked.

When Americans Stop Shopping, the World Suffers

With the U.S. consumer economy in the doldrums, the impact is being felt globally. From China to Germany and Canada to Japan, America's major trading partners are struggling to adapt to a sudden decline in U.S. imports.