No legislative action on energy
Friday, August 1st, 2008The Democratically controlled Congress adjourns today having not taken any substantive steps to address gas prices or the broader energy crisis.
Their motivation for such inaction is likely political and intended to protect themselves and “The One” from any political fallout associated with being against offshore drilling, an idea 69% of Americans support.
On this […]
Supply, supply, supply
Saturday, May 3rd, 2008An 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 […]
Misunderstanding the Oil Industry
Tuesday, July 17th, 2007Timothy 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 […]