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In 1890, to force the dissolution of cartels that had been formed in key American industries like oil, sugar and tobacco, the U.S. Congress passed the Sherman Antitrust Act.
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Given the media coverage of Tesla, the Chevy Bolt and the Nissan Leaf, one might think electric vehicles are a recent invention. In fact, they have been around for more than a century.
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In recent months, a number of proposals have been put forward to reduce the cost and complexity of complying with the RFS that requires American oil refiners and importers to blend biofuels, mainly corn ethanol, into gasoline and diesel fuel.
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The oil and gas industry has more than demonstrated its ability to operate safely in environmentally sensitive locations.
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This year, oil production in America is expected to reach an all-time high, close to 9.5 million barrels a day. Similarly, natural gas output is projected to reach a record 75 billion cubic feet per day by the end of 2017.
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With less than a year left in office, President Barack Obama is upping the pressure on America’s fossil fuel industries with a slew of new regulations and tax proposals.
