White House adviser John Podesta gently chided environmental groups for criticizing the Obama administration’s “all-of-the-above” energy plan and stressed that the president has led a transition toward cleaner power sources.
With the U.S. economy relying less on oil and gas imports than at any time in two decades, energy expenses for Americans have fallen and cut into inflation more than any other living cost in the past year, according to data compiled by the Labor Department.
Increased oil company spending on well completions drove Halliburton Co.’s profits up 19 percent million in the fourth quarter as Middle Eastern and Asian markets continued to see high drilling activity, the company reported Tuesday.
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