As I warned on Saturday: Gas Prices Climb Quickly as Refineries Remain Closed At least 14 Texas refineries, representing nearly a quarter of the nation’s refining capacity, will probably remain shut for the next week […]
Defining Price Gouging
As I warned yesterday, we may be on the verge of runaway gas prices in some areas. Today I spotted this story at CNN: Complaints of rising gas prices as Ike hits Some excerpts: WASHINGTON […]
Flirting with Disaster
Update: Governors in several states have now declared states of emergency due to potential gasoline shortages. One example: Governor Riley Declares State of Emergency MONTGOMERY – [Alabama] Governor Bob Riley on Friday afternoon declared a […]
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 […]
OPEC Defends $100 Oil
I had a feeling we were going to see this pretty soon in response to falling oil prices. It seems that OPEC has grown fond of the idea of oil >$100/bbl. Iran and Venezuela have […]
Critiquing the SPR Swap Plan
This morning, I read an interesting editorial in the Wall Street Journal: Obama Has a Plan To Manage Our Oil Reserve The editorial was written by John Shages, a former deputy assistant secretary for petroleum […]
Outline for ASPO Talks
I am scheduled to deliver two presentations at this year’s ASPO conference in Sacramento. You can see the agenda overview here. I will be speaking on the EIA, IEA and CERA on the 21st, and […]
Extend Renewable Energy Tax Credits
A big pet peeve of mine is the way we have gone about handling tax credits for renewable electricity. I believe renewable alternatives warrant tax credits, because we simply do not pay the “true cost” […]
SPR is Being Tapped
In response to Hurricane Gustav and the oil production that was taken offline as a result, the federal government announced that 250,000 barrels of oil would be released from the Strategic Petroleum Reserve: Oil prices […]