oil drilling - Page 2

Seven Ways Obama Is Trying to Sabotage the Trump Administration

President Barack Obama’s final weeks in office seem dedicated to setting foreign and domestic policy on fire to make life as difficult as possible on his successor, Donald Trump. Here are some of the biggest mousetraps Obama scattered across the White House floor on his way out:

Obama Toasts Trump AP

Oil Spill in Santa Barbara, Site of 1969 Disaster

21,000 gallons of crude oil—- the equivalent of 500 barrels –poured onto the Santa Barbara County coast on Tuesday when an 11-mile-long underground pipe owned by Houston-based Plains All American Pipeline ruptured. The leak and its cause are under investigation.

1969 Santa Barbara oil spill (Associated Press)

There Is No Peak Oil–But We Are Approaching Peak Low-Cost Oil

We will finally learn, after more than 40 years of not knowing, what the free market supply/demand price of crude truly is. This knowledge will make it harder for secretive governments and corporations to manipulate prices in the future, while strengthening domestic production to weather supply shocks in the future.

AP Photo/Lynne Sladky