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 [...]

Speculation Responsible for Portion of Oil Price Run-Up, But Administration Looks Elsewhere for Solutions

By: Wednesday March 21, 2012 7:42 am

Economists at the Federal Reserve Bank of St. Louis estimate that Wall Street speculation is now the second-largest contributor to oil prices, accounting for 15% of the increase in oil prices over the last decade – correlating strongly with the expansion of commodity trading and speculation in oil futures. This makes speculation perhaps the most [...]

Yes, Gas Prices Do Have An Impact on Electoral Politics

By: Monday March 12, 2012 7:34 am

I’ve seen a lot of Democratic campaign operatives and even economic analysts talk themselves out of the idea that elevated gas prices represent a constraint on both the economy and the expected performance of the President in his re-election campaign. But new polling numbers make it tougher to spin this away. Despite trends that the [...]

Oil Speculation Can Be Right and Also a Problem

By: Thursday March 8, 2012 9:06 am

Matthew Yglesias has a piece making the fairly obvious point that geopolitical tensions cause the price of oil to rise. He adds that speculators are right to bid up the price of oil because of that: In the grand scheme of things, if the Iranian nuclear program really is a dire threat to American security, [...]

Romney Admits Presidents Cannot Determine Gas Prices

By: Wednesday March 7, 2012 7:35 am

The President correctly clowned Ed Henry for that absurd question yesterday about whether he secretly wanted gas prices to rise to bring about a renewable energy revolution. “Ed, just from a political perspective, do you think the President of the United States, going into reelection, wants gas prices to go up even higher,” Obama asked. [...]

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