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    Yet More Oil Liberals Want to Cede to Foreigners?

    This week, the U.S. Geological Survey released a report estimating that the Arctic Circle contains 1,670 trillion cubic feet of natural gas — nearly two-thirds the proved gas reserves of the entire Middle East — and 90 billion barrels of oil. Unfortunately, the United States is far behind Russia in … More

    Tapping A Bad Idea By Tapping The Strategic Petroleum Reserve

    Tapping the Strategic Petroleum Reserve (SPR) is an energy solution for politicians who are not serious about real energy solutions, but H.R 6578 seeks to do just that. Entitled The Consumer Energy Supply Act – in case you hadn’t noticed, truth in advertising laws don’t apply to the names of … More

    A Congressional Trip To ANWR

    A picture is worth a thousand words – or in this case ten billion barrels. A group of ten House Republicans just did something few ecotourists have ever done – they visited Alaska’s Arctic National Wildlife Refuge (ANWR) and saw first-hand the 2,000 or so acres of the 19.6 million … More

    Energy Policy for the Long Haul

    Though still facing an uphill fight in the current Congress, the recently introduced American Energy Act is an important bill because it keeps up the pressure for sensible steps to bring down high energy prices. Regardless of its chances for success in 2008, this bill’s pro-energy provisions – opening up … More

    Desperate Times Do Not Call for Speculative Measures

    Faced with mounting public consensus for more domestic energy production, liberals in Congress are desperate to pass anything that they can claim will lower energy prices (well they will pass anything as long as it doesn’t include actually producing more energy). Yesterday Senate Democrats passed a bill to stop “excessive, … More

    Protecting Democrats from Unpopular Votes Is Not an Emergency

    On May 20th Speaker Nancy Pelosi issued a statement celebrating House passage of a bill preventing President Bush from adding oil to the Strategic Petroleum Reserve. From the statement: “As the price of oil per barrel nears $130, suspending purchases will expand oil supplies and help bring down fuel costs … More

    Morning Bell: The Axis of Oil

    Venezuela’s leftist leader Hugo Chavez isn’t set to arrive until tomorrow to meet with Russian Prime Minister Vladimr Putin and President Dmitry Medvedev, but two Russian media outlets are already claiming that Chavez will buy $1 billion to $2 billion worth of subs, helicopters and airplanes while in Moscow. Since … More

    It Depends on Your Definition of 'Biggest'

    New York Times reporter Andre Revkin has a typically banal hatchet job of a post up at his Dot Earth blog trying to undercut Newt Gingrich’s “Drill here, Drill now, Pay less” campaign by using the tired lefty tactic of painting him as a tool of big oil. Newt’s a … More

    She's Afraid ... She's Very Afraid

    Yesterday CNN’s Wolf Blitzer interviewed Speaker Nancy Pelosi (D-CA), drilling her about her refusal to allow more domestic energy production. From the interview: BLITZER: There are a lot of people out there, including plenty of Democrats, who say one of the most important things to do right now is to … More

    Good Luck, CFTC

    Liberals in Congress are desperate to head off the growing consensus for increased domestic oil production. Trying to convince her fellow Democrats not to cave in and allow oil exploration and production off the coast of California, Sen. Barbara Boxer (D-NY) explained: “This is our ethanol.” As persuasive as that … More