You can practically set your watch by it. As petroleum prices soar—and with them, oil company profits and pain at the gas pump—sooner or later members of Congress will haul Big Oil executives into a hearing and Demand That Something Be Done. It happened in 2008, the last time oil prices breached the $100 a [...]
Crossposted from TIME’s Ecocentric blog: Last March, President Barack Obama gave a speech on energy security at Andrews Air Force Base outside Washington. In it, Obama offered what might be called a “grand compromise” on energy—in exchange for expanded offshore drilling, including in previously untouched areas like north Alaska and the Atlantic, he called for [...]
The Oyster Creek nuclear plant in New Jersey was opened when the Beatles were still together, and since 1969 its single 645 MW boiling water reactor has provided enough energy to power 600,000 homes. But the oldest nuclear plant will be going out of commission a little early-last year owner Exelon Energy announced that it [...]
