On May 15th, the Senate Committee on Energy and Natural Resources conducted a hearing entitled Short-Term Energy Outlook Summer 2007: Oil and Gasoline. You can listen to the web cast here. I have done so, […]
Tag: gas prices
Gouging is an Idiotic Explanation
Not my words, but I have expressed similar sentiments. Paul Sankey, an analyst with Deutsche Bank, testified on May 15th before the Senate Committee on Energy and Natural Resources. I would guess some jaws dropped […]
Gas Boycott Post Mortem
Well, let’s see what effect the gas boycott of 2007 has had. If you recall, on May 15th you weren’t supposed to buy gasoline, and this would cause gas prices to drop: “Do not buy […]
This Week in Petroleum 5-16-07
2nd Update This Week in Petroleum was just released, and the focus was the gasoline situation. Some excerpts: Why are gasoline prices so high? Gasoline inventories have recently been drawn down at a dramatic rate […]
Politicians Do the Darndest Things
Suspending the Laws of Economics Politicians in Texas have come up with an ingenious method of controlling rising gas prices. They intend to suspend the laws of supply and demand: House OKs suspending gas tax […]
AAA on Record Gas Prices
AAA says we hit a new gasoline price record: Retail gasoline prices hit record high: AAA NEW YORK (Reuters) – U.S. gasoline prices climbed to a record high average of $3.073 a gallon on Monday, […]
This Week in Petroleum 5-9-07
Tale of the Stone Yes, I know I am late getting this out. Some of you may have read about my visit to the hospital about a month ago. Long story short, I have a […]
Gas Boycotts and Gas Prices
Gas BoycottsYou have probably gotten the e-mails. “Don’t buy gas on Wednesday of next week and force the oil companies to lower prices.” Or, “Boycott Shell this week, ExxonMobil next week, etc.” Sometimes I explain […]
Irony and Gas Price
I think this is what you call irony. From: Gas Prices Spike We find the following picture accompanying the article: Today’s Bargain: Gatorade at $12 a Gallon Then from the next story we have a […]
This Week in Petroleum 5-2-07
12 Weekly Declines in a Row: Not a Pretty Picture Update: My Limb Has Cracked Two weeks ago, I went out on a limb and said that gasoline inventories would turn up within two weeks. […]