The following guest post is from OilPrice.com. (Readers know my feelings about using the Strategic Petroleum Reserve to fight high oil prices). ———————————— It’s Time for Obama to Spook the Oil Markets The fate of […]
How Much is Oil Worth?
The reason that oil company profits are so volatile is that sometimes the price of oil becomes pretty disconnected from the cost to produce it and convert it into finished products. This is because oil […]
Getting Even With ExxonMobil
It is no secret that consumers are suffering from very high gasoline prices. And as a result of these high prices, ExxonMobil just reported a first-quarter profit of $10.7 billion — 69 percent higher than […]
Breaking Down Gas Prices for Whoopi Goldberg
Introducing the “Energy Ticker” There has been a lot of important energy news this week; in fact so much that I could hardly hope to cover it all. Due to the volume of new energy […]
The Witch-Hunt Begins as Gas Prices Continue to Climb
The Usual Suspects Summer is approaching, and that typically means rising gas prices. And when gas prices rise, our political leaders generally start looking around for someone to blame. Over the past few years it […]
I Can’t Take Donald Trump Seriously
I am constantly amused by the views of presidential candidates on energy policy. Their views are either so disingenuous or so naive that I often find it difficult to vote for a candidate. In the […]
‘Price Signal’ can be a Weapon for Managing Higher Gas Prices
The Steep Cost of Sudden Price Spikes One of my recent essays discussed the relationship between high oil prices and recession. Consumers who suddenly find themselves paying more for fuel are hit with the equivalent […]
Radio Interview on Rising Gas Prices
Following my recent article in the Washington Post on Five Myths About Gas Prices, I received several inquires for additional commentary on the story. Below is an interview that I did with KSL NewsRadio in […]
A Double Dip Recession? Only If We Are Lucky
Former Secretary of Labor Robert Reich recently warned that the U.S. is likely headed back into recession: The Economic Truth That Nobody Will Admit: We’re Heading Back Toward a Double-Dip Why aren’t Americans being told […]
Speculator’s Political Reserve?
Strategic Petroleum Reserve or Speculator’s Political Reserve? In the previous essay, Senator Chuck Schumer (D-NY) was quoted in a letter to then-President Bush: “The [strategic] petroleum reserves are intended to provide relief at times when […]