Posts Tagged ‘ oil ’

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

August 25, 2015
By
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
By
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
By
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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Mexico’s energy reform is rolling, albeit with training wheels

July 21, 2015
By
Oil rigs

Understanding the connection between energy and economic growth, Mexico’s President Enrique Peña Nieto set out to reform his country’s energy policy and invite outside intelligence and investment to boost slumping oil output. In late 2013, he succeeded in getting the constitution amended to allow private and foreign companies to explore and produce oil and gas in Mexico—for the first time in nearly eight decades. The amendments put an end to the government monopoly. Foreign companies can now compete with, or partner with, Pemex—the national oil company. Nieto hopes his reforms will bring in $50 billion in investment by 2018. The…

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GOP in 2016: Go big on energy or go home!

June 16, 2015
By
Go Big or Go Home

New polling emphasizes support for traditional energy concerns has become a partisan issue. Large majorities of Republicans favor key energy issues—but voters of every ideological stripe say energy will be an important part of their voting decisions. Hickman Analytics Inc., for the Consumer Energy Alliance (CEA), has done polling on energy issues in several key states: Iowa, New Hampshire, North Carolina, South Carolina, Virginia, and West Virginia. While the exact questions asked are not identical in each of the six states, the responses are so similar that assumptions can be made. For the 2016 presidential candidates, lessons should be learned—to…

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