This week the media’s attention is finally focused on oil prices. After two years of continually rising consumer gas prices in America, the oil futures market has captivated the Mideast storyline. And attention is much needed. December 2010 saw the highest gas prices for the month of December in our …
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, …
In August 2005, The New York Times Magazine published an article titled “The Breaking Point” in which Council on Foreign Relations member Matthew Simmons predicted that oil, then about $65 a barrel, would more than triple in price by 2010. New York Times journalist John Tierney read the article, called …
Russian President Dmitry Medvedev arrived in China on Sunday to expand energy cooperation between the two countries. The new deal includes building a 13-million-ton-per-year oil refinery in the city Tianjin within two years. Russia would supply 70 percent of the oil for the $5 billion refinery in a 20-year deal. …
Most Venezuelans do not want to live in a socialist/authoritarian state. Most aspire to live productive and independent lives and escape poverty through work and property ownership. They hope to remain free citizens in a genuine democracy rather than red-shirted comrades in a communist clone. On September 26, Venezuelans will …
Venezuela’s authoritarian populist president, Hugo Chavez, is threatening to cut off oil sales to the U.S. The latest dispute follows Colombia’s presentation of evidence regarding the presence of an estimated 1,500 FARC fighters on Venezuelan soil with the complicit support of Chávez and his government. Thundered Chavez: If there was …
Venezuela’s populist authoritarian President continues to battle a slumping economy, high inflation and faltering popular approval ratings. With the national oil company (PDVSA) the chief lifeline of his regime, Chavez will literally beg, borrow or steal to keep pumping oil. Chavez’s nationalization mania took off in earnest in 2007. Last year, …
The recent explosions in Massey’s Upper Big Branch coal mine and on the Deepwater Horizon drilling rig highlight the tragedy of workplace fatalities. Though improvement in statistical averages do little to lessen the loss of those whose loved ones have died, the American workplace has gotten safer which means fewer …
