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You Know that Giant Hole in the Yard? Yeah, I Had the Kids Drilling for Oil

by Larry Bacow

Remember that super ugly hole in the ground in the yard? You may have seen the sign marking the hole an “archaeological dig site” but don’t be deceived, fool! I only had that sign there to trick the students into drilling for oil. That’s right. For once, I decided to invest in you, the students, to build me an oil farm. 

Republicans Hope for More Success With Keystone Light Proposal

In response to President Obama's veto of Congress' proposal for the Keystone XL Pipeline, Republican leadership announced plans thursday for the new "Keystone Light" Pipeline, which they referred to as a "leaner, more refreshing" alternative to the much-publicized transnational oil conduit.

"We need to recognize that the American oil industry has ever-changing tastes," Senate Majority Leader Mitch McConnell (R-KY) told reporters. "And this new bill gives our refineries more bang for their energy buck."

Scotland Prepares for Transition to Petrostate

Edinburgh, Scotland—Scottish First Minister Alex Salmond, wearing a traditional white thawb and an aqal headdress, addressed the press this morning to discuss his government’s preparations for independence pending the results of the September 18 referendum.