Posts Tagged ‘ oil ’

Not all energy is created equal

September 22, 2015
Energy sources

Congress has taken action that actually advances free markets and limits government intrusion. I was in the room when, on September 17, the House Energy and Commerce Committee—with bipartisan support—advanced legislation to lift the 1970s-era ban on crude-oil exports. HR 702, “To adapt to changing crude oil market conditions,” is expected to receive a full floor vote within a matter of weeks. The export ban is a relic of a bygone era during which ideas like “peak oil” and “energy scarcity” were the conventional wisdom. Despite all those who cried “wolf,” the U.S. is now the world’s largest combined oil-and-gas…

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Supporters of Iran deal should stand with Israel and lift the U.S. oil export ban

September 15, 2015
Oil derrick

“Whether you support this deal or not, we can all agree that America’s commitment to Israel remains unshakeable. And we will continue—Democrats and Republicans united—to stand with Israel,” says a statement from Senator Brian Schatz (D-HI). Yet, despite widespread opposition from Israel and pro-Israel groups, Schatz, and almost all his fellow Jewish Senators and Representatives, supported the Iran nuclear deal that appears to be done. Minority Leader Harry Reid (D-NV), on September 10, announced: “There’s no doubt whatsoever that the Congress of the United States will allow this agreement to go forward.” Despite “a nearly $30 million advertising and lobbying…

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Oil’s Down, Gasoline Isn’t. What’s Up?

August 25, 2015
Gas Prices graphic

A little more than a year ago, oil prices were above $100 a barrel. The national average for gasoline was in the $3.50 range. In late spring, oil was $60ish and the national average for gas was around $2.70. The price of a barrel of oil has plunged to $40 and below—yet, prices at the pump are just slightly less than they were when oil was almost double what it is today. Oil and gasoline prices usually travel up or down in sync. But a few weeks ago the trend lines crossed and oil continued the sharp decline while gasoline…

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Hillary’s energy plan is all about money—out of your pocket and into hers

August 4, 2015
Hillary Clinton screws the common man

At Senator Harry Reid’s seventh National Clean Energy Summit held in Las Vegas on Thursday, September 4, Hillary Clinton said: “This is the most consequential, urgent, sweeping collection of challenges we face as a nation and a world.” She wasn’t talking about ISIS or the growing terrorist threat, but about climate change. Her spot on the program has been referenced as: “her first energy and climate speech of a publicity tour that many believe is the springboard to a presidential campaign.” In addition to the obvious misperception about “the challenges we face as a nation and a world,” her speech had several subtle, but…

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Obama: Iranian oil, Good; American and Canadian Oil, bad.

July 28, 2015
Obama oil policy

President Obama’s confusing approach to energy encourages our enemies who shout “death to America” as it penalizes our closest allies and even our own job creators. Iran’s participation in the nuclear negotiations that have slogged on for months finally netted a deal that allows Iran to export its oil—the only reason they came to the table (burnishing Obama’s legacy surely does not interest them). International sanctions have, since 2011, cut Iran’s oil exports in half and severely damaged its economy. Iran, it is estimated, currently has more than 50 million barrels of oil in storage on 28 tankers at sea—part…

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national debt

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