Americans started the week with a rude awakening — crude oil prices are up $3.80, or 3.8 percent, to $102.63 per barrel in New York today, according to the Associated Press. But despite the jump in oil prices, President Barack Obama is still sitting on his hands when it comes to exploring domestic energy resources. The AP reports on the higher oil prices: Prices climbed as soon as exchanges opened for the first day of 2012 trading. Commodity prices tend to rise at the beginning of January as investors start …
Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. Fueling higher gas prices – Ed Feulner Yemen looks like al Qaeda’s new heartland – James Carafano Left’s Tea Party Invective on Boil – Brian Darling Pity the debt-paying generation – Bill Beach & Dustin Siggins TWO VIEWS: Voter ID is a sensible precaution – Hans von Spakovsky Population and climate change: Bend baby curve like Beckhams – Chuck Donovan Contraception edict tramples conscience – Rebbeca Hagelin Ryan: Deficit committee unlikely …
Americans are paying more for gasoline today than they were six weeks ago when President Obama released 30 million barrels of oil from the Strategic Petroleum Reserve. In the Gulf of Mexico, meanwhile, 10 drilling rigs — more than one-third of the fleet — have left on Obama’s watch. This incomprehensible energy policy is not only costing Americans more money at the pump. Bureaucratic delays in Washington are also stunting job growth and adding to the budget deficit. As the Obama Administration pivots to a new jobs agenda — at …
Shell spent five years and more than $3.5 billion while waiting for the Environmental Protection Agency to grant a permit for drilling in Alaska. Now lawmakers in Congress hope to force the hand of EPA bureaucrats by mandating a six-month deadline to review permit applications. The Jobs and Energy Permitting Act is set for a House vote Thursday and is expected to easily pass with bipartisan support. The White House declined to issue a veto threat Tuesday. There is a companion bill in the Senate, but its fate is uncertain. …
In response to OPEC’s inability to come to agreement on boosting oil production, the White House indicated that it would not shy away from tapping into the Strategic Petroleum Reserve (SPR), which holds 700 million barrels of unrefined petroleum reserves in underground salt caverns, in order to smooth over oil supply disruptions originating from the Libyan conflict. A temporary oil price increase, however, is not a valid reason to tap into the U.S. emergency oil supply, which is, after all, a national security asset. Although President Obama’s approval ratings have …
If General Motors CEO Dan Akerson had anything to say about it, you would be paying a dollar more a gallon for gas. Yes, with $4/gallon prices hitting consumers in a tough economy, Akerson told the Detroit News: “You know what I’d rather have them do — this will make my Republican friends puke — as gas is going to go down here now, we ought to just slap a 50-cent or a dollar tax on a gallon of gas.” Akerson, 61, was appointed CEO of GM last fall, having …
As Americans across the country gas up their cars for their Memorial Day getaways this weekend, their wallets will take a bigger-than-usual hit. That’s because gas prices are up $1.06 from last year according to a study by AAA. In fact, prices have more than doubled since President Obama took office. And while the media has been slow to demand answers of the President, he has been busy trying to deflect attention away from his incoherent energy policy with a number of gas price-related myths. Our latest video takes several …
It’s easy to take shots at oil companies, especially when gas prices are rising over $4 per gallon. Playing the role of David against an enormous corporate Goliath is a great way to score political points, so it’s no wonder that President Barack Obama and liberals in Congress have issued a clarion call for the end to oil subsidies as a way of wreaking revenge against those they say are responsible for the high cost of energy. The truth, though, isn’t as simple as the good-versus evil fable the left …
The White House released an infographic entitled “The Obama Energy Agenda & Gas Prices” that highlights a number of facts with regards to domestic oil production, improved fuel efficiency, improved transportation fleet and a clean energy future. While a picture may say a thousand words, this graphic conveniently omits critical facts and points that demonstrate that this Administration is choking off oil production and trying to use taxpayer money to force uncompetitive energy sources and technologies into the market. “Increasing Domestic Oil Production.” The facts on the infographic highlight that …
If you’re an average American, your monthly gasoline bill is a humongous $368.09. That comes to nine percent of a household’s total income, more than double what it was just two years ago, according to a CNNMoney report. And as a percentage of income, the poor are getting hit the hardest. In parts of the country where mass transit isn’t an option, driving is the only way to go. So while higher gasoline prices might not matter as much to someone living in New York City where subways are king, …
