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 […]
Gasoline Prices – Part I: Immediate Causes
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 […]
This Week in Petroleum 5-30-07
2nd Update: The data have been released: Summary of Weekly Petroleum Data for the Week Ending May 25, 2007 As I have been predicting, this was an all-time record low gasoline inventory for Memorial Day […]
The Mythical Ethanol Threat
There have been many claims in recent years that ethanol is going to help wean us off of fossil fuels. In fact, many of our political leaders claim that as long as we just keep […]
Record Prices = Record Profits?
So, I am running through some of my daily news searches – things like “gas prices”, “gas gouging”, “alternative energy”, etc. I ran across this gem: Gas price gouging becomes even more obvious It is […]
API Conference Call on Gas Prices
On May 16th, I participated in another conference call with the American Petroleum Institute. The subject was gas prices. Since I am probably not the best person to challenge the API on gas prices, I […]
This Week in Petroleum 5-23-07
Some Reactions to Gasoline Inventories From Bloomberg: Crude Oil Is Steady as U.S. Gasoline Supplies, Demand Increase “Inventories are growing but we are still in big trouble with gasoline supplies,” said Phil Flynn, vice president […]
Congress Takes Aim at OPEC
From the Houston Chronicle: House legislation would label oil cartel’s actions as illegal Championed by House Judiciary Committee Chairman John Conyers, D-Mich., the bill would essentially make it illegal for foreign nations like those in […]