By Charles S. Brant, Energy Correspondent, Casey Research:

The U.S. consumes nearly three times the amount of oil that it produces domestically on a daily basis. How can this statistic get any worse, you might ask?

Imagine in 2010 the Obama administration persuades Congress to pass a budget that results in a reduction of domestic oil production by 10% - 20%, making the supply/demand imbalance even more lopsided. Foreign oil companies will gain a distinct advantage over American domestic operators as an unintended consequence of these proposals.

Sound farfetched? It’s closer to reality than you may think… If it comes to pass, it will...

Read full article...

More on energy:

How to invest in the "next uranium"

The most important thing you'll read about energy this week

One of the worst scams ever foisted on the American taxpayer...