The Depressing Energy Debate in America

By: Wednesday October 17, 2012 7:39 am

Anyone hoping to see an end to our policies of encouraging the burning of fossil fuels certainly winced at the energy section of last night’s debate, which did not mention climate change but did feature both candidates trying to convince the country that they would deliver more coal and oil-based domestic energy.

Obama-Appointed Judge Strikes Down CFTC Commodity Speculation Limits

By: Friday September 28, 2012 3:59 pm

Everybody get on the commodity speculation train. A federal judge today threw out the Dodd-Frank provision that empowered the Commodity Futures Trading Commission to set position limits on commodity trading. Judge Robert Wilkins said in his ruling that the CFTC did not prove the necessity of position limits to curb runaway speculation, and that the [...]

Tensions Mount With New Provocations in Iran

By: Monday September 17, 2012 11:38 am

When you talk about tail risk for the US economy, sweeping away the European crisis and the fiscal cliff, perhaps the biggest potential comes from an oil price shock. Combined with any fiscal tightening, that could easily snap the US into recession. And the biggest threat of this stems not from the protests outside US [...]

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 [...]

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