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    Morning Bell: Obama's New Gas Price Scapegoat

    High gas prices are not a president’s friend, especially in an election year, so it’s not surprising that President Barack Obama is trying his darndest to shift the blame for record-high fuel prices onto something other than his failed energy policies. Yesterday he made a desperate attempt to distract from … More

    Gas Prices at All-Time Christmas High

    Americans hitting the road this week are likely to encounter the highest-ever price for gas at Christmas in history. According to figures from AAA, the nationwide average for regular unleaded is $3.21 per gallon — an increase of 23 cents over last year’s Christmas record. This marks the second straight … More

    Obama Administration Approving Only 35 Percent of Gulf Drilling Plans

    A new report from a New Orleans-based group reveals that the Obama administration is approving just 35 percent of the oil drilling plans for the Gulf of Mexico so far this year. It is also taking an average of 115 days — nearly four months — to secure approval from … More

    Quit Repeating Nonsensical Oil Statistics!

    “I give out this statistic all the time, and forgive me for repeating it again: America holds about 2 percent of the world’s proven oil reserves.” – President Barack Obama, March 30, 2011 It would be easier to forgive the President’s repetition if it the way he used it made … More

    Tsunamis: Another Perspective on the Economic Impact of Carbon Restrictions

    All the world mourned the human toll taken by the Japanese earthquake and tsunami. Thousands of lives were lost; hundreds of thousands more shattered. Of course, natural disasters inflict economic destruction as well, and estimates of the recent disasters’ cost to Japan are now coming in. Catastrophe modeler Risk Management … More

    "Drill, Brazil, Drill," Obama Says

    It took them a week and a half, but The Washington Post editorial board has finally noted the absurdity of President Barack Obama’s support for oil drilling … in other countries. From today’s paper: When was the last time an American president stood before an audience in a foreign country … More

    The World Powers Up While America Powers Down

    The Wall Street Journal reports: “The global oil industry, far from chastened by the catastrophic spill in the U.S. Gulf of Mexico, is planning record spending next year, including a large amount for deep-water development. … Barclays estimates spending on new wells, producing platforms and other energy infrastructure will total … More

    Optimists 2, Malthusians 0

    In August 2005, The New York Times Magazine published an article titled “The Breaking Point” in which Council on Foreign Relations member Matthew Simmons predicted that oil, then about $65 a barrel, would more than triple in price by 2010. New York Times journalist John Tierney read the article, called … More

    Environmentalists New Plan Same as Old Plan: Higher Energy Costs, Fewer Jobs

    The Washington Post‘s Juliet Eilperin reported yesterday that “U.S. environmentalists are engaged in their most profound bout of soul-searching in more than a decade” and are planning to “redirect strategies” in the coming year. Faced with the failure of cap and trade and the defeat of “many of their political … More

    The Zombie Campaign for Higher Energy Prices

    The American people know that cap and trade energy policies will lead to higher energy costs and fewer jobs. That is why even Democratic candidates like Sen.-elect Joe Manchin (D-WV) famously shot President Barack Obama’s cap and trade bill in a television commercial this fall. But the progressive campaign to … More