The boom in domestic oil and gas production has strengthened the hand of the United States in global affairs and is having a profound impact on U.S. security and foreign policy, President Barack Obama's national security adviser said on Wednesday.
The theory was straightforward and seemed to hold with common sense: One day soon, the Earth would hit its halfway point of global oil production -- its "peak" -- and thereafter, it would see a steady decline. Those behind the concept called it "peak oil."
Prices of renewable fuel credits, needed by refiners to comply with the nation's Renewable Fuel Standard, have skyrocketed over the past few months, an indication to some that the dreaded "blend wall" is close.
Jason Bordoff's swan song as a senior energy aide to President Obama came right before last year's election, when he found himself stuck on the Upper West Side of Manhattan during the worst of Superstorm Sandy.