Posts Tagged ‘ oil prices ’

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 kicks the oil-and-gas industry while it is down

January 6, 2015
By
epa oil prices

For the past six years, the oil and gas industry has served as a savior to the Obama presidency by providing the near-lone bright spot in economic growth. Increased U.S. oil-and-gas production has created millions of well-paying jobs and given us a new energy security. The president often peppers his speeches with braggadocio talk about our abundant supplies and decreased dependence on foreign oil. So now that the economic powerhouse faces hard times, how does the Administration show its appreciation for the oil-and-gas industry boon to the economy over the past six years? By introducing a series of regulations—at least…

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Conservative Comedy 10/31/14

October 31, 2014
By
Circumlocution

It’s Conservative Comedy time at the Strident Conservative. As I do every Friday, I bring you some of the best conservative political and religious comedy, jokes, and satire on the internet, sure to provide a good laugh to begin your weekend. It’s the last few days before the election and Democrats are running scared, even though Obama claims that they love him and his policies. While such dreams of fancy could provide enough fodder to fill a year’s worth Conservative Comedy Friday’s, as the Conservative Comic at Hope n’ Change shows us, sometimes less is more. Jodi Miller at Newsbusted provides…

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Conservative Comedy 10/24/14

October 24, 2014
By
Used-Czar-Salesman

It’s Conservative Comedy time at the Strident Conservative. As I do every Friday, I bring you some of the best conservative political and religious comedy, jokes, and satire on the internet, sure to provide a good laugh to begin your weekend. Last Friday, White House spokesweasel Josh Earnest announced Barack Obama’s appointment of a new Ebola czar, explaining “what we were looking for is NOT an Ebola expert, but rather an implementation expert – and that’s exactly what Ron Klain is.” Because, you know, the White House has done such a bang up job using non-expert “implementers” to do things…

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