Today the U.S. has about 22 billion barrels of proven oil reserves that can be legally developed. Yesterday, President Bush lifted just one of the many roadblocks that stand between American consumers and the estimated 19.1 billion barrels of oil in the Outer Continental Shelf that are currently off-limits from …
Fareed Zakaria predicts that no matter who is elected presidents in November, that person will face “increasingly grim economic news” due in large part to rising energy cots. Zakaria then mentions a book that details all the great innovations private companies are making in the energy sector. He then says: …
Pressed for space in today’s Morning Bell, we left out some of the more fascinating findings from that Pew poll showing how dramatically American opinion is shifting in favor of increased energy production. Pew reports: Much of the increase in support for energy exploration has come among groups that previously …
Current Harvard economics professor and former chief economic adviser to President Ronald Reagan Martin Feldstein explains in the Wall Street Journal how announcing that the U.S. will allow oil development on currently banned lands, could lower oil prices right now: The relationship between future and current oil prices implies that …
A major plank of Speaker Nancy Pelosi’s (D-CA) efforts to convince the American people that liberals actually want to reduce gas prices is a bill that adds “new restrictions for commodity traders whose speculation has driven up the price of oil.” But as liberal New York Times columnist Paul Krugman …
Virginia Postrel voices the same frustration any honest economist feels witnessing the current state of accepted opinion on energy policy: It’s infuriating how all three presidential candidates prattle on about the need to fight global warming while also complaining about the high price of gasoline. The candidates treat CO2 emissions …
