oil industry

Widespread support for offshore drilling

Monday, July 7th, 2008

Last week, a CNN poll found that 73% of those surveyed “favored an expansion of offshore drilling for oil and natural gas in protected U.S. waters.”
Senate Republican Leader Mitch McConnell described the bill saying,
The goal here was to have a narrowly-targeted proposal that could do something in the near term and reach out to […]

How to win the youth

Wednesday, July 2nd, 2008

Speak their language. And right now the youth (18-29 yr olds) are speaking energy fluently. The Pew Research Center reports:
Fully half of people ages 18 to 29 (51%) now say expanding energy exploration is a more important priority for energy policy than increasing energy conservation and regulation; only about a quarter of young […]

Reid: Coal, oil makes us sick

Monday, June 30th, 2008

Fired Up about Gas prices?

Monday, June 9th, 2008

Click here.

Why aren’t we drilling?

Thursday, May 29th, 2008

The issue of gas prices may become a popular one on this site because I am tired of politicians ingnoring common sense solutions to America’s problems that the majority of Americans support. And that goes for both parties….
On the issue of gas prices, a recently released Gallup poll indicates significant support among the American […]

Supply, supply, supply

Saturday, May 3rd, 2008

An excerpt from an excellent article in the WSJ:
This tiff over gas and oil taxes only highlights the intellectual policy confusion – or perhaps we should say cynicism – of our politicians. They want lower prices but don’t want more production to increase supply. They want oil “independence” but they’ve declared off limits most of […]

Law of Supply & Demand

Wednesday, April 30th, 2008

The gas problem: supply is not keeping up with demand. In this situation, created by consumers, not by oil companies, the market reacts by increasing prices to reach an equilibrium between supply and demand.
Republicans correctly note that “there [is] no mystery to rising prices — supply isn’t keeping up with rising demand.”
The […]

Misunderstanding the Oil Industry

Tuesday, July 17th, 2007

Timothy Muris and Richard Parker, officials at the Federal Trade Commission under the Bush and Clinton Administrations, have an op-ed in today’s WSJ urging lawmakers to understand the competitive reality of today’s oil industry before adopting additional regulations and controls, such as a windfall profits tax or the ability of our federal government to sue […]