As I have been reading reports of the current debate over the pending energy legislation, it occurred to me that there is a fundamental problem with the approach to CAFE standards. The Washington Post reported […]
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Ethanol Roundup
A couple of interesting ethanol articles that were recently brought to my attention. First off, we have Iowa State saying something I have been saying for a while: Corn ethanol unprofitable by 2008, says Iowa […]
Gasoline Prices Part II: Long-Term Factors
Introduction In Part I, I discussed the short term factors that have resulted in the recent, rapid increase in the price of gasoline. But there are a number of underlying, long-term issues that have been […]
Why I Sat Out the Feeding Frenzy
I have gotten several e-mails about Cyclone Gonu in which I was asked to comment. Some asked why I haven’t written about it, or why I haven’t participated in the discussions about it. I was […]
This Week in Petroleum 6-6-07
Update: The numbers are out. Gasoline made a strong gain this week, as imports remained high. Demand remains well above last year’s numbers. Given that imports were down slightly over the previous week (but still […]
Chuck Schumer’s Fabrications
I have never cared for Chuck Schumer. In my opinion he is a classic example of a demagogue. He tells half-truths, or sometimes untruths, in order to push his agenda. And he did so again […]
Gasoline Prices – Part I: Immediate Causes
Note: This essay was published at Financial Sense on May 31, 2007. Introduction As of this writing in late May 2007, gasoline prices have increased by over $0.70 per gallon since March. This is great […]
Edwards Calls for Anti-Trust Investigation
Sometimes, the targets are simply too easy. There’s hardly any sport to this one: Edwards contends with Big Oil Democratic presidential hopeful John Edwards took on the oil companies Thursday while campaigning in Menlo Park, […]
The Cost of Environmental Regulations
That title will immediately raise some eyebrows, but I am not suggesting that we don’t need the environmental regulations we have. Rather, I just want people to understand that this is part of the cost […]
The Crumbling Ethanol Facade
I have seen it all now. When the biggest ethanol boosters are starting to suggest that maybe we have a problem, you know we have a problem. And that is exactly what is happening. I […]