For those who don’t think U.S. oil companies are spending enough to find new oil: US drilling outlays soar to $226.4 billion in 2007 WASHINGTON, DC, Jan. 5 — US oil and gas drilling expenditures […]
Tag: oil companies
Loading Up on PBR
A little over a month ago, as a result of the dramatic fall in the market capitalizations of oil companies, I opened up a brokerage account with Ameritrade to take advantage of the fire sale. […]
Obama’s Change of Heart on WPT
It seems that President-elect Obama has had a change of heart on enacting a windfall profits tax on oil companies. That, among other things, is angering the liberal wing of the Democratic Party: Liberals voice […]
The Dangers of Big Oil
Probably the biggest reason I get annoyed over the demonization of oil companies is that an incredibly diverse range of men and women are all being painted with a broad brush. “Oh, but we aren’t […]
Come Again?
It seems that the Democrats have crafted a plan to “make America energy-independent of foreign oil within a decade:” Democrats are working on drilling bill WASHINGTON — Oil and natural gas producers might soon be […]
Palin a Friend of Big Oil?
Count me among those stunned by McCain’s pick for his VP candidate. It neutralizes the strongest argument he had against Obama: Not enough experience. Never again can he utter these words. Further, I can’t comprehend […]
Nationalize the Oil Industry?
In a post I wrote just over a year ago – Peak Oil: End of the World? – I posed the following: If you think the public is outraged now, wait until gas is $10 […]
Attempting the Impossible
I ran across the following today: Our view on gasoline prices: With crude at $100 a barrel, Big Oil needs no tax breaks It’s difficult — make that impossible — to justify taxpayer subsidies for […]
Dog and Pony Show Scheduled for Today
The familiar dog and pony show of calling oil company executives to Washington to testify before a pandering congress begins today: Congress has big questions for Big Oil WASHINGTON – Big Oil is once again […]
The AP on Oil and Gas Prices
The Associated Press takes a question on oil and gas prices, and does a pretty good job explaining the factors affecting prices: Ask AP: Your News Questions, Answered Q: Background (my numbers maybe a little […]