Romney Releases Energy Plan

By: Thursday August 23, 2012 6:33 am

Mitt Romney released an energy plan yesterday that some outlets report sets a goal of energy independence by 2020. That’s not quite right. The goal expressed here is “North American energy independence” by 2020, and when you consider that one of our biggest if not our biggest energy trading partner is Canada, and that Mexico [...]

Administration May Tap Strategic Petroleum Reserves After Run-Up in Gas Prices

By: Friday August 17, 2012 7:35 am

Gas prices have shot up 30 cents over the last month, and stand at $3.71 a barrel gallon nationwide, the highest level since mid-May. Rising oil prices and a refinery fire in northern California have caused most of the price increase, but some of this is also due to the possibility of an Israeli strike [...]

Iran and the West Quietly Resume Negotiations on Nuclear Program

By: Thursday July 5, 2012 8:55 am

Since the beginning of the Iranian oil embargo imposed by the EU July 1, the press reports have sought to increase tensions between Iran and the West rather than reduce them. Witness today’s story about Iran disguising its oil tankers to get around the embargo, proving their duplicity and desperation. Or witness the highlighting of [...]

EU Oil Embargo of Iran Begins

By: Monday July 2, 2012 1:47 pm

Over the weekend the European Union inaugurated its embargo on Iranian oil, the most wide-reaching impediment to the Iranian economy of the recent sanctions. The EU as a market is bigger than the United States, so this is significant for Iran. And oil accounts for 80% of Iran’s total exports. Monday marks the first day [...]

Great News! America to Finally Get National Playoff … Between Exxon Mobil, Conoco, and Coal Companies

By: Wednesday June 27, 2012 6:23 am

I have to get myself in the proper frame of mind to handle all of Kevin’s and Pam’s and Jon’s and dday’s news stories of the day, so I wake up to Boston’s NPR morning edition and lie there, semi-catatonic, listening for about an hour or so until I’m totally depressed and can’t stand it [...]

Iran Nuclear Negotiations End, With No Timetable for the Future

By: Wednesday June 20, 2012 7:36 am

With significant factions on both sides rooting for failure in the Iranian nuclear talks, it should come as no surprise that they came up short after wrapping up last night. A U.S. administration official said that after so many hours of tough exchanges, the parties need to talk to each other, parse what had been [...]

Administration’s Steps on Oil Market Speculation Mostly Rely on Congress

By: Tuesday April 17, 2012 10:21 am

The President used a Rose Garden speech today to announce a new effort to crack down on rising oil market speculation. Here’s an excerpt from the remarks: We can’t afford a situation where speculators artificially manipulate markets by buying up oil, creating the perception of a shortage, and driving prices higher — only to flip [...]

House GOP Will Try to Attach Keystone XL Pipeline to Surface Transportation Bill

By: Friday April 13, 2012 10:58 am

Republicans think they have a winning issue with the Keystone XL pipeline, even though President Obama has already approved the lower half of it. They think it plays into their depiction of Obama as unwilling to promote domestic energy to lower gas prices, even though domestic oil and gas production has exploded under Obama, and [...]

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 [...]

Democrats Continue to Push Speculation Angle on Gas Prices

By: Thursday April 5, 2012 10:34 am

House Democrats have continued their efforts to keep the notion of oil speculation driving the run-up in gas prices at the head of the national conversation. Yesterday, the House Democratic Steering and Policy Committee held a hearing on over-speculation and its impact on the market, attended by, among others, Democratic Leader Nancy Pelosi. In remarks [...]

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 [...]

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