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 […]
Tag: oil refineries
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 […]
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, […]
Let’s Confiscate Venezuela’s U.S. Refineries
I recall reading this story a while back: Chavez Considers Sale of U.S. Refineries The implications just sank in today. Chavez, having confiscated the property of U.S. companies and torn up contracts, has property here […]
Tyson Slocum is Wrong
Time to debunk another perpetual myth. In a story today in CNN – Big Oil’s Money Machine – consumer advocate Tyson Slocum makes the following claim: “Are we getting any bang for our buck with […]
Energy and the Environment with the API
On April 18th, I participated in a conference call with the American Petroleum Institute. The topic of the call was Energy and the Environment. You can download a transcript here or the audio of the […]
Artificial Gasoline Shortages?
I need to start doing a weekly column on the Foundation for Taxpayer and Consumer Rights (FTCR) to address their weekly hysterical news releases about the oil industry. The last time it was criticizing the […]
Water Usage in an Oil Refinery
There has been much controversy regarding the amount of water used to produce a gallon of ethanol. Considering just the usage in the ethanol plant (ignoring any irrigation requirements for the corn), this amounts to […]