Oil and natural gas are found all over the world in varying amounts, and throughout history, about one trillion barrels of oil have been produced. While about one-third of our oil is produced domestically, where does our imported oil come from?

Consider this Energy IQ survey question:

In 2008, which of the following countries was the largest U.S. supplier of imported oil?

Test your Energy IQ to answer this question and others, and watch the video below to see how other people answered this question.

To the surprise of many, it turns out that our friendly neighbor to the north, Canada, is the largest U.S. supplier of imported crude oil, but more than half of the survey respondents believed that Saudi Arabia was our largest supplier. In fact, only 12 percent of the oil c... more »

Looking ahead to the future, there's no doubt that we'll need more energy in the United States and around the world. Given expected global economic and population growth, time and again economists have said that energy efficiency improvements alone will not be enough to meet this future demand.

With this in mind, can you answer this question?

According to 2008 government projections, about what percent of global energy demand in 2030 will be met by fossil fuels, such as oil, natural gas and coal?

Test your Energy IQ to answer this question and others, and watch the video below to see what other people thought about the role of fossil fuels in future energy demand.

It's important to note that in the survey, only 10 percent of respondents answered correctly, acknowledging th... more »

Tonight, the House approved the Waxman-Markey climate change bill. In approving this bill, the House has chosen to ignore the legislation's harmful effects on American consumers, businesses and the economy. At a time when America is trying to recover from a serious recession, the House has approved legislation that would cost energy users billions of dollars and add new stress to the economy.

As we've mentioned, independent analysis shows the bill could add substantially to the cost of fuels for consumers and businesses. According to the Heritage Foundation, the House legislation could cause gasoline prices to jump 74 percent by 2035. At today's prices that means gasoline would be well over $4 a gallon. A recent study by CRA International for the National Black Chamber of Commerce also est... more »

Today, newspapers all over America have published editorials and op-eds on the Waxman-Markey cap-and-trade bill. Here's a sample:

"We're not ignorant of political realities, and we don't believe the perfect should become the enemy of the good. Congress should deliver a bill to Mr. Obama this year. But given that congressional action could set a template for years or decades, we think it's too soon to settle for something that falls so far short of ideal." - The Washington Post, June 26

"By any measure--drought, famine, coastal devastation--the costs of inaction, of clinging to a broken energy policy, will dwarf the costs of acting now. It is this truth that the House must keep firmly in mind as it votes." - The New York Times, June 26

"As the U.S. House of Representatives prepares to pass... more »

API shares President Obama's well-intentioned goal of having a comprehensive energy policy that grows the economy, creates jobs, promotes energy security and addresses climate change.

But independent analysis shows that the Waxman-Markey climate bill would burden American consumers and businesses with substantially higher energy costs. This is more than "a few postage stamps."

The House bill is a job killer. In a previous blog post, we referenced a recent CRA International study for the National Black Chamber of Commerce that estimates a net loss of over 2 million jobs a year. While we support creating new jobs, the legislation offers an unnecessary and false choice of eliminating good jobs in the oil and natural gas industry to create green jobs.

We can have both. We need to retain the go... more »