Gas Prices Could Be Peaking

By: Thursday April 12, 2012 10:55 am

We’ll see if gas prices have truly peaked, because we’re not even up to a summer driving season that usually leads to an increase in demand. But the peak is often late spring, within the next several weeks (usually the low month for gas prices is November, in a boon to incumbent politicians), and other [...]

Obama Announces Expedited Review for Southern Half of Keystone XL Pipeline

By: Thursday March 22, 2012 12:20 pm

The President held his event in Cushing, Oklahoma, this morning, announcing an expedited review of the southern half of the Keystone XL pipeline, which will move oil from Cushing to refineries at Port Arthur, Texas (in all likelihood raising gas prices in parts of the Midwest). And as Oklahomans listened and Native American protesters demonstrated [...]

BP Poised for Comeback After Settlement on Oil Spill Claims

By: Monday March 5, 2012 8:15 am

As mentioned in The Roundup, BP settled with 120,000 victims of the oil disaster in the Gulf coast for a sum of $7.8 billion, all of which will come from the already allocated $20 billion oil spill fund. This result works well for BP, which can now get back to the business of exploiting world [...]

President Mostly Speaks Truth About Gas Prices

By: Friday February 24, 2012 7:36 am

So we’re going to have another fatuous debate about gas prices in this country, as if the President has a ticker on his desk that he can set to the 9/10 of a cent. President Obama made the effort to mock this. As a national politician he obviously feels he cannot say “there’s not much [...]

Congressional Transportation Bills Mired in Squabbling Over Spending Cuts, Oil Drilling

By: Friday November 18, 2011 10:21 am

There are two big transportation-related bills awaiting completion in Congress. Yesterday Congress passed, and the President signed, the annual appropriations for the Department of Transportation, which included a zeroing out of funding for the Administration’s cherished high-speed rail project. The other two big measures are an FAA authorization bill, and a surface transportation bill. The [...]

House GOP Considers Omnibus Spending Bill for FY2012

By: Friday September 16, 2011 9:30 am

After saying for months that Democrats failed to pass a budget and that the “grown-ups” in the House would do their job and get all the appropriations bills out of their chamber, now the House GOP leadership is recognizing that this will all go down better with an omnibus at the end of the year. [...]

Interior Secretary Assures Alaska on Drilling Permits

By: Tuesday August 9, 2011 8:55 am

The President announced the first fuel economy standard for heavy duty trucks today, which the Administration claims will reduce oil consumption by 530 million barrels and greenhouse gas emissions by 270 million metric tons. It will also save businesses which use and operate commercial vehicles $50 billion in fuel costs. The standards would kick in [...]

Rep. Cummings: Curbing Speculation 30 Times as Likely to Bring Down Gas Prices as More Drilling

By: Tuesday May 24, 2011 1:16 pm

The House Oversight Committee held a hearing on gas prices today, and things got a little heated: Rep. Elijah Cummings (D-Md.), the top Democrat on the panel, accused Committee Chairman Darrell Issa (R-Calif.) of suggesting that a top Interior official was lying under oath at a hearing on the effect of the administration’s regulations on [...]

Obama Opens Part of National Petroleum Reserve In Alaska to Leases for Drilling

By: Saturday May 14, 2011 9:35 am

President Obama announced in his weekly address a plan to open part of the National Petroleum Reserve in Alaska to oil drilling. Through an executive order, the President would also extend leases in the Gulf of Mexico for oil concerns that were subject to the moratorium on deepwater drilling after the BP oil disaster, as [...]

Democrats Unleash Plan to Cancel Big Oil Tax Subsidies

By: Tuesday May 10, 2011 12:05 pm

Democrats unveiled their legislation to repeal Big Oil tax subsidies today, giving the high-profile legislation to three Senators with elections next year in tough states (Claire McCaskill, Sherrod Brown and Jon Tester) along with Bob Menendez, who appears to be the point person on oil-related issues in the caucus. Given that he was so successful [...]

House, Senate Dems Ready Votes on Stripping Big Oil Subsidies

By: Tuesday May 3, 2011 11:35 am

The Senate will hold off on a vote on the Paul Ryan budget to end Medicare for another week. Instead, the grandstanding vote for this week concerns Big Oil subsidies. Not that there’s anything wrong with grandstanding votes, mind you, especially in this case: Against the backdrop of gasoline prices nearing $4 per gallon, the [...]

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