At the end of September, the Organization of Petroleum Exporting Countries (OPEC) surprised the markets by agreeing to a production cut. As soon as the 14-nation deal was announced, oil prices jumped more than 5 percent to some of the…
All of us loved less-than $2 a gallon at the pump. AAA reports: “Americans paid cheapest quarterly gas prices in 12 years”—which resulted in savings of nearly $10 billion compared to the same period last year. However, oil (and, therefore…
“We can’t just drill our way to lower gas prices,” President Obama told an audience four years ago at the University of Miami. Like this year, it was an election year and Obama was running for re-election. Later in his…
Environmentalists like a good crisis. Spreading fear is a proven fundraising technique—with manmade climate change as the fear du jour. But, back in 2005, the “looming crisis,” according to the Kansas Sierra Club, was the end of cheap oil. The…
Americans are sick of the bickering in Washington and want both parties to cooperate and get something done. Friday, October 9, offered proof that this can still happen. The house passed H.R. 702, the bill to lift the decades old…
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…
“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…
