Energy & Fuel

"When he releases his new budget ..., President Obama will propose doing away with roughly $4 billion a year in subsidies and tax breaks for oil companies, in his third effort to eliminate federal support for an industry that remains hugely profitable."

"New Jersey Gov. Chris Christie on Tuesday vetoed a proposed offshore liquefied natural gas project 16 miles off the coast of Asbury Park, saying the plan is too risky to the state's crucial tourism and fishing industries."

"The Obama administration announced Monday that it could begin leasing sites off the coasts of Virginia and three other states for wind energy development by the end of the year."

"Record high global food prices showed no sign of relenting following a rash of catastrophic weather, highlighted by a major U.S. snowstorm and a cyclone in Australia, which could put yet more pressure on prices and spark further unrest around the world."

Since early fall 2010 there have been thousands of minor earthquakes around Guy, Arkansas. Some residents think the earthquake swarm is connected to the onset of gas drilling in the local shale formation.

President Obama's vision of a green-jobs economy includes a new agency, ARPA-Energy, like the one that invented the Internet. It already includes 16 projects applicable to electric cars.

"The future pace of drilling approvals in the Gulf of Mexico might be slowed less by new laws or regulations stemming from last year's massive spill but by a decades-old law that opens the door to longer environmental reviews and litigation."

"Royal Dutch Shell is scrapping plans to drill an exploratory well in the Beaufort Sea near Alaska this summer, after failing to secure key permits for the project."

"President Obama's goal of putting 1 million plug-in electric cars on the road within four years is unlikely to be met because automakers are not planning to make enough cars due to uncertain consumer demand, auto industry leaders concluded in a report being released Wednesday."