Archive for the ‘Blog’ Category

The Washington Post Again Calls for Higher Gas Prices

All across America, motorists are rejoicing as gasoline prices plummet. Low gasoline prices are a bright spot in an otherwise dismal economic picture.  But amazingly, the out-of-touch editors of the Washington Post think that the masses should not have access to affordable gasoline or inexpensive go-anywhere transportation options.
The editors [...]

Obama’s OMB nominee: large public works projects are a “totally impractical” way of stimulating the economy

On Saturday, President-elect Obama announced a public-works spending plan he claims will help the economy. But his nominee for Director of the Office of Management and Budget, Peter Orszag, apparently disagrees with Obama’s plan.
In January, when Orszag was the head of the Congressional Budget office, he presided over a report titled Options for Responding to [...]

“Stealth Stimulus” Shouldn’t Fly Under Congress’ Radar

The Wall Street Journal’s “Real Time Economics” blog points out that falling oil prices are a great boon for the economy, dubbing them a “stealth stimulus.” This is something we have been arguing for while—reducing energy costs provide a cost-free stimulus for American industry and consumers.
Wall Street Journal reporter Brian Blackstone notes that the almost [...]

Americans Support OCS Leasing Two to One in New Poll

Even as gas prices have fallen by half in recent weeks, a poll just released by Rasmussen Reports shows that Americans favor offshore drilling by a margin of over 2 to 1 as a means to keep gas prices down. This broad level of public support has remained consistent since early summer when gas [...]

It Takes a Lot of Government Green to Create a Green Job

The term “green job” has been invented to describe the type of workforce needed to build a new government-funded national “alternative” energy infrastructure. Proponents of “green jobs” say that by spending taxpayer money on energy sources like wind and solar, the government can create millions of new jobs in the process. But according to the [...]

The Obama Energy Agenda

Less Supply, More Regulations and Higher Prices
for American Consumers

Before Wall Street’s implosion and the sharp economic downturn, energy policy dominated the headlines on the Presidential campaign trail. An overwhelming majority of Americans demanded access to offshore energy resources to help increase supplies and lower prices for everything from gas at the pump to groceries [...]

The Change Voters Want

Affordable Energy, Greater Access to Domestic Energy Resources

Senator Barack Obama won the presidency last week, but voters, even in states where he handily won, voted down the very plans he favors with respect to energy policy.  President-elect Obama says he will require electric utilities to produce more electricity from renewable sources, wants to provide massive [...]

Earnings Week: “There They Go Again”

In this rocky time for the U.S. economy, there was some good economic news this week.  Earnings reports from some of the investor-owned oil companies were released, with several companies exceeding analyst estimates.  A profitable energy industry is welcome news for the American people, who after all own a substantial portion of these companies in [...]

Do Gasoline and Heating Oil Prices Fall More Slowly than Crude Oil Prices?

American motorists are breathing a sigh of relief as gasoline prices continue to fall. The average weekly retail price of a gallon of regular gasoline went from an all-time record of $4.11 in early July down to $2.91 last week, a plunge of $1.20 per gallon. In fact, gasoline prices are the cheapest they have [...]

Green Jobs: Robbing Peter to Subsidize Paul

We have been hearing a lot lately about “green jobs,” which would be created largely by subsidizing politically correct energy sources like wind mills and solar panels. Senator Obama described his “green jobs” plan in a major address Monday:
And I will invest $15 billion a year in renewable sources of energy to create five million [...]