Marita Noon

What’s up with the prices at the pump?

March 3, 2015
By
Arab America gas price standoff

First, Saudi Arabia drove down the price of oil by increasing its production, which gave Americans a welcome drop in prices at the pump. Could the kingdom now be pushing them back up? Prices at the pump have gone up nearly 40 cents a gallon from the January low—60 cents in California. Every year, at this time, refineries shut down to make adjustments from the “winter blend” to the “summer blend.” However this year, the increase is exacerbated. The unexpected extreme weather in the south, Bill Fleischli, executive vice president of the Illinois Petroleum Marketers Association, explained: “caused some of the…

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Enjoy low oil prices while they last – OPEC predicts $200-a-barrel coming soon

February 10, 2015
By
OPEC rising oil prices

OPEC’s Secretary General Abdulla al-Badri made headlines when he announced that the oil price may have bottomed out—indeed, we had four straight days of increase—and predicted “you will see more than $200 when it comes to future oil prices.” Al-Badri makes a strong argument. In the current reduced-oil-price environment, we see oil companies cut back on budgets, curtail exploration, and pull in rigs—as in many places it costs more to get the oil out of the ground than the present sales price. The Wall Street Journal (WSJ) reports: “the number of rigs drilling in the U.S. has sunk to a…

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Obama surrenders to Putin and environmental extremists

February 3, 2015
By
Putin-Alaska

President Obama’s newly announced plans to designate one of the largest oil fields in U.S. as “wilderness,” is foolhardy at best—and may be anti-American at worst. When you look at the bigger story, you have to wonder whose side he stands on in the new “cold war.” In a YouTube video, Obama called on Congress to set aside all of Alaska’s Arctic National Wildlife Refuge (ANWR) as wilderness—which would prohibit motorized access, road construction, and halt “any chance of oil exploration.” The January 25 announcement, according to the Washington Post (WP): “is just the first in a series of decisions…

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Note to GOP: Raising taxes a bad idea

January 27, 2015
By
Taxes Ahead

What are the Republicans thinking? Coming right out of the gate, at the start of the new GOP-controlled Congress, they began talking about the crazy idea of increasing the gasoline tax. It has little chance of passing, yet can easily taint the party with a tax-raising reputation. Just two days after the swearing-in of the new Congress, the January 8 Wall Street Journal (WSJ) headline reads: “Senate Republicans: Higher Gas Taxes are on the Table.” It states: “Senate Environment and Public Works Chairman James Inhofe (R., Okla.), who just took the reins of the panel, said he is open to…

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My State of the Union wish list

January 20, 2015
By
ObamaSOTU

I watched the unity march, following the brutal attacks in Paris: forty world leaders but no U.S. presence. It made me wonder: “How has the state of our Union gone from being the shining city on the hill, to a country whose light has dimmed?” I thought about the policies and initiatives President Obama—the leader of the free world—has put in place. I could think of none that have increased our international influence, but many that have minimized it by hurting America economically. At Tuesday night’s State of the Union Address (SOTU), he will likely tick off a list of…

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