Energy & Fuel

"Rising gasoline prices, trumpeted in foot-tall numbers on street corners across the country, are causing concern among advisers to President Obama that a budding sense of economic optimism could be undermined just as he heads into the general election.

White House officials are preparing for Republicans to use consumer angst about the cost of oil and gas to condemn his energy programs and buttress their argument that his economic policies are not working.

"CHICAGO — The wind industry is predicting massive layoffs and stalled or abandoned projects after a deal to renew a tax credit for wind production failed Thursday in Washington."

"Royal Dutch Shell's bid to drill in the Arctic this summer took another step forward on Friday when the U.S. Interior Department approved its oil spill response plan for the Chukchi Sea."

"The U.S. and Mexico reached an agreement Monday to cooperate on oil and gas development in the Gulf of Mexico. Signed at a meeting in Los Cabos, Mexico, the agreement would set a process that U.S. companies and Mexico's state-owned Pemex could use to jointly develop waters that straddle the nations' maritime border. It also would provide for the U.S. and Mexican governments jointly to review applications and safety inspections in cases of drilling in the boundary-straddling waters, where oil spills could affect both nations."

"Fort St. James, Canada -- The prime minister is talking about being 'held hostage' by U.S. interests. Radio ads blare, 'Stand up to this foreign bully.' A Twitter account tells of a 'secret plan to target Canada: exposed!'"

"The House by a wide margin [Thursday] night passed a bill to vastly expand oil and gas development off the nation's coasts, in an Alaskan reserve and on experimental shale tracts in the Intermountain West."