Naphthenes

Our Secret Stash Of Oil

State of the Union address, President Bush proposed to spend $65 billion from the government’s general fund to double the size of the Strategic Petroleum Reserve. For most Americans, the reserve, where 700 million barrels of oil have been stored since the late 1970s, is mostly an article of faith: Few know that it’s located […]

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The State of Our Energy Policy

In 2001 I said we needed to increase energy supplies, and in my State of the Union speech in 2002 I said we needed to increase energy production at home to make America less dependent on foreign oil. That was wrong. I’m sorry. The United States has only 3 percent of the world’s oil reserves, […]

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