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    Egypt and Renewable Energy

    Aiding and abetting the solar and wind energy industries in their continuing efforts to mislead the American people, Energy Secretary Steven Chu called for a shift to renewable energy to insulate us from petroleum price spikes. Recent events in Egypt are partially responsible for a recent jump in oil prices, … More

    Oil Prices and the Economic Recovery

    As oil prices steadily rise, many oil and gas experts fear higher prices could stunt economic recovery, not just in the United States but around the globe. From the Financial Times: This week oil climbed to $87 a barrel, its highest level since October 2008 and prompted concerns that triple-digit … More

    $7-A-Gallon Gas Needed to Meet Government’s CO2 Cuts

    As the national average of gasoline creeps to three dollars a gallon, economists are warning that high gas prices in the United States could slow the economic recovery. Other countries’ economies are recovering more quickly and increased production and activity is putting upward pressure on oil prices. That coupled with … More

    Bubble, Bubble, Toil and Trouble

    Confusing times lead to conflicting concerns. Worries over current deflation run into worries about explosive inflation down the road and now there are growing worries over another global asset price bubble. All of these worries are valid, but the possible return of the asset price bubble is the newest and … 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

    Understanding Russia's Financial Crisis

    MOSCOW — The financial turmoil in Russia might not be all-embracing yet, but some of its features suggest its gloomy prospects. Big business’ lack of confidence in national economy is what primarily strikes the eye. Speaking at a Cabinet meeting last week, Prime Minister Vladimir Putin unveiled scandalous information concerning … More

    Morning Bell: A Better Way to Help Detroit

    Almost 30 years ago, a steep rise in oil prices drove consumers to buy smaller, more fuel-efficient cars. Cars that American auto manufacturers simply didn’t make. The resulting huge drop in sales drove Chrysler to the brink of bankruptcy, but before the market could play itself out, President Jimmy Carter … More

    There Is More Oil Than Government Says in OCS

    The left’s favorite talking point in the offshore drilling debate is dragging out the same Energy Information study predicting that lifting the Outer Continental Shelf exploration ban “would not have a significant impact” on oil prices. We have already documented how poor the EIA’s record is at predicting future oil … More

    Morning Bell: Supply Matters

    Political experts across the country keep asking why Barack Obama continues to conspicuously fail to cross the 50% threshold against John McCain despite the fact “Democrats enjoy the most favorable political winds since at least 1976.” It may have something to do with the fact that the top issues on … More

    Morning Bell: Pelosi Running Out the Clock at Expense of National Security

    The Politico reports today that according to Democratic House aides, Speaker Nancy Pelosi’s “energy agenda has been carefully gamed out in strategy sessions” with Pelosi taking “heat on gas prices while tacitly encouraging more vulnerable Democrats to publicly disagree with her and show their independence.” One senior House Democratic aide … More