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  • gas prices

    Refinery Opposes Cap and Trade

    From the International Business Times: Valero Energy Corp. chief executive officer Bill Klesse hopes the Waxman-Markey bill, which includes a proposal to enact a cap-and-trade system in the country, is eventually defeated when it gets into the U.S. Senate, he said Tuesday. The executive, who leads the largest independent oil … More

    Gas Prices Rise, Time to Blame the Speculators

    The national gas price average is $2.51 for July 28, 2009, far less than the $3.96 it was one year ago to this date, but still high enough to make you groan as you wait for a seemingly-endless long time for that click of the pump, letting you know your … More

    Video: Gas Prices Up, Oil Still Down in the Ground

    It’s summer and that means gas prices are creeping up and although projections indicate we’re not headed toward $4-a-gallon gas; last summer was a fresh reminder of just how quickly gas prices can skyrocket. Despite America’s overwhelming public support for more drilling, the White House has put many drilling projects … More

    Offshore Drilling: Just Do It

    That’s how the American voters feel. In a poll conducted by Harris Interactive on behalf of the American Petroleum Institute, 61 percent of Americans support access to oil and natural gas resources in federal waters on the Outer Continental Shelf and the Gulf of Mexico. Only 26 percent opposed. It … More

    Our New Energy Secretary

    It’s confirmation week and the hearing for nominee for Secretary of Energy, Stephen Chu, is tomorrow, January 13th. We’ve written about Chu before (here and here) and my colleagues Ben Lieberman and Jack Spencer have come up with 5 key questions he’ll inevitably have to answer as Energy Secretary. In … More

    Blunt Makes Push to Lower Gas Prices

    Finally some good news coming out of Washington: “Southwest Missouri Congressman Roy Blunt today reintroduced legislation, the Boutique Fuel Reduction Act of 2009, to lower gas prices by simplifying our nation’s increasingly complex gasoline supply.” Boutique fuels are “specialized blends produced for a specific state or area of the country … More

    $10-a-gallon Gas?

    Enjoying the $1.67-a-gallon gas for your holiday travels? Well, enjoy it while you can because the guys President-elect Obama is appointing in key positions want gas prices to be much higher. Let’s start with his Secretary of Energy, Dr Steven Chu. From our friends at the National Taxpayers Union: Somehow … More

    What's the Story Behind Gas Shortages?

    In the 1970s when gas prices were soaring, the federal government implemented price controls to replace expensive gas with scarce gas, causing consumers to wait for hours to fill up their tank. Today, in the Southeast consumers are experiencing $4-a-gallon gasoline and scarcity. Some gas stations in the area have … More

    A Middle Class Bill of Rights

    Rep. Eric Cantor (R-VA) dropped by Heritage this afternoon for our Conservative Bloggers’ Briefing to talk about his Middle Class Bill of Rights, a plan he’s crafted to address concerns he’s hearing from constituents in his district and across America. Cantor said for too long Democrats have claimed to ownership … More

    Already Known to Economists … but Not to the Democratic Policy Committee

    We’re willing to bet that no member of Congress is a regular reader of The Energy Journal, though perhaps some of them should be. It’s an academic journal on energy economics. But maybe leaders on Capitol Hill should start with something The Energy Journal decided not to publish: a paper … More