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    Deepwater Drilling Permitting Rate Still Way Below Average

    May 5, 2011 at 8:00 am

    6 Comments

    Drilling for oil

    As gas prices continue to climb — reaching as high as $5.75 to $6.03 a gallon in some places — the Department of the Interior remains stingy with deepwater drilling permits. Since February 2011, the administration has issued an average of just 1.3 deepwater permits per month — a 78 … More

    Baucus Not Ending Oil Subsidies but Implementing Tax Hikes

    May 4, 2011 at 5:30 pm

    13 Comments

    bsphotos025632-max-baucus

    Senator Max Baucus (D–MT) isn’t shy about picking winners and losers. Last December, he led the charge to keep in place a subsidy of $6 billion per year to the ethanol industry. Now he’s picking the oil and gas industry as losers by proposing to eliminate subsidies for big oil … More

    How Oil Profits Are Good for Americans

    April 28, 2011 at 12:00 pm

    10 Comments

    Oil rig

    You could substitute a newspaper article from June 2008 with today’s gas price stories, and no one would know the difference. The story is the same: politicians blaming speculators and big oil while ignoring supply and demand issues and the impact of a weak dollar on oil prices. It’s been … More

    Obama’s Top Six Gas Price Myths Busted

    April 27, 2011 at 1:30 pm

    20 Comments

    DC: GAS PRICES CLIMB TO RECORD HIGHS

    The same Washington press corps that hammered President George W. Bush relentlessly when prices were still well under $3 a gallon—well before the $4 a gallon peak, which lasted only six weeks in 2008—have given President Obama a pass thus far on the recklessness of his energy policy. In fact, … More

    EPA Blocks Oil Drilling in Alaska

    April 25, 2011 at 12:03 pm

    95 Comments

    Gas prices in Santa Monica, CA

    There are an estimated 27 billion barrels of oil waiting to be tapped in the Arctic Ocean, off the coast of Alaska. But after spending five years and nearly $4 billion, Shell Oil Company has been forced to abandon its efforts to drill for oil in the region. With gas … More

    Obama’s Blame of Speculators, Forming of Gas Task Force Misguided

    April 22, 2011 at 3:30 pm

    18 Comments

    President Obama speaks at GWU on the budget

    Maybe President Obama should start investigating John F. Kennedy’s shooting in his spare time, because he’s not going to find a satisfying conspiracy in gas prices. Better yet, he could pick up an economics textbook and turn to the chapter on Supply and Demand. His finger-pointing at speculators and formation … More

    Online Chat on the Anniversary of the Gulf Oil Spill, the Gulf Economy, and Gas Prices

    April 21, 2011 at 5:30 pm

    5 Comments

    The one-year anniversary of the gulf oil spill was earlier this week. The policies that have been put in place since then have caused gas prices to skyrocket and caused the economic growth of the Gulf Region to stagnate. Join us on Friday from 12-1 ET for our “Lunch with … More

    Gas Prices Going Up, But President Obama Is Standing Still

    April 20, 2011 at 2:38 pm

    23 Comments

    President Barack Obama at suburban Virginia speech on 4/20/11

    The gas price headlines aren’t looking so good for Americans. Honolulu is a penny away from record gas prices. Chicago gas nears $5 a gallon. Nationally, $4 a gallon average gas may be only be a month away. There’s something that President Obama could do to help solve the problem … More

    How High Will Gas Go?

    April 12, 2011 at 4:00 pm

    10 Comments

    gas_feature

    It’s a question that seems so 2008, but it is rearing its ugly head again. The average price of a gallon is already nearing record levels and there is no relief in sight. Some areas, like Chicago, could see prices as high as five dollars a gallon by the Memorial … More

    President Obama Blames You for High Gas Prices

    April 7, 2011 at 2:00 pm

    53 Comments

    President Barack Obama deflected blame for high gas prices yesterday, by blaming American consumers for their automobile choices. According to the AP, at an event at a wind turbine plant, “Obama needled one questioner who asked about gas prices.” Obama laughingly said: “If you’re complaining about the price of gas … More

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    The Morning Bell
    Morning Bell: What Did Apple Do Wrong?

    Members of Congress called Apple executives to testify on Capitol Hill yesterday. Why? Because the company makes money overseas, and some Senators want to get their hands on the cash. A Senate subcommittee accused the company of “shifting” profits from the U.S. to other countries and avoiding paying taxes. But … More

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