Category Archives: energy

McCain and oil company profits

Posted on June 14, 2008 by ChrisA

As reported by the New York Sun, McCain lashed out at both speculators and profiteering oil companies at a recent town hall meeting. Regarding oil company profits… I am very angry, frankly, at the oil companies not only because of … Continue reading →

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Saudi’s to increase oil output

Posted on June 14, 2008 by ChrisA

They plan to increase oil production by 550,000 barrels a day to 10 million barrels a day. That would be a 5.3% increase. Saudi Arabia, the world’s biggest oil exporter, is planning to increase its output next month by about … Continue reading →

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As oil spikes our behaviour changes

Posted on June 14, 2008 by ChrisA

How enlightening! Thanks Toronto Star. But there are some worthwhile tidbits in the article… Prices at the pump are going up at the very time that incomes, most particularly those in the U.S., are going down. There, the financial crisis … Continue reading →

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Do Democrats want higher gas prices?

Posted on June 12, 2008 by ChrisA

In a June 10th CNBC interview Obama claims that the issue with high gas prices is NOT the price but how quickly the prices rose. Ed Morrisey over at Hot Air asks the questions… Obama wants higher gas prices? Do … Continue reading →

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More oil? Not from the US

Posted on June 12, 2008 by ChrisA

Apparently nowhere. WASHINGTON — A House subcommittee on Wednesday rejected a Republican-led effort to open up more U.S. coastal waters to oil exploration. Can’t get oil from shale, can’t get oil from offshore. Let’s continue to not only send our … Continue reading →

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Republicans block Dem’s windfall profits tax

Posted on June 11, 2008 by ChrisA

Great job! The Democratic energy package would have imposed a 25 percent tax on any “unreasonable” profits of the five largest U.S. oil companies, which together made $36 billion during the first three months of the year. It also would … Continue reading →

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A recipe for high prices

Posted on June 7, 2008 by ChrisA

US energy secretary Samuel Bodman has simple straightforward observations and recommended solutions on high energy (oil) prices. The problem is… Production has stalled since 2005 at 85 million barrels a day, while economic growth — particularly in China and India … Continue reading →

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“Drill Here” bumper sticker

Posted on June 4, 2008 by ChrisA

Contribute $10 to American Solutions and get the “Drill here, Drill now, Pay less” bumper sticker. You can contribute electronically or by sending a check to the address below: American Solutions1425 K Street, NW Suite 750Washington, DC 20005

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Europeans unhappy about gas prices

Posted on May 31, 2008 by ChrisA

Imagine that! From the Christian Science Monitor… London – Trucks blocking a main London highway, fishermen blockading French ports, Dutch drivers petitioning parliament, Spanish and Italian fishermen voting to strike – Europeans are becoming restless at relentlessly high energy costs. … Continue reading →

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Krauthammer on global warming

Posted on May 30, 2008 by ChrisA

Charles Krauthammer takes on the global warming kool-aid drinkers and I must say that I’m pretty much in full agreement with him. I’m not a global warming believer. I’m not a global warming denier. I’m a global warming agnostic who … Continue reading →

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Drill here, Drill now, Pay less

Posted on May 29, 2008 by ChrisA
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Soros sees bubble characteristics in oil prices

Posted on May 27, 2008 by ChrisA

I’m not a big fan of Soros when it comes to politics and have no idea how his hedge funds have done in the last few years. That said, I found his comments in a recent inteview with the UK … Continue reading →

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Chart of the Day: Crude Oil

Posted on May 23, 2008 by ChrisA

Subscribe to the free weekly version of “Chart of the Day” here. Driving around town this morning I heard Rush Limbaugh talking about the bubble in crude oil prices. He referred to the collapse of previous bubbles (gold in the … Continue reading →

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What an idea, domestic oil exploration

Posted on May 17, 2008 by ChrisA

After being rebuffed by Saudia Arabia in his quest for more oil on the world market, President Bush calls for more domestic exploration. “Our problem in America gets solved when we aggressively go for domestic exploration,” Bush said. “Our problem … Continue reading →

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Buy Oil Service Stocks?

Posted on May 16, 2008 by ChrisA

No doubt, oil service stocks have had a big run, up 78% on average since the January 2007 low, as evidenced by the chart below… (click to enlarge) What makes this most interesting is that Petrobras, the state owned Brazilian … Continue reading →

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Energy shortsightedness

Posted on May 13, 2008 by ChrisA

Investors Business Daily takes on Congress for declining oil production. The unintended consequence of the Congress members’ poor judgment and meddling micromanagement of U.S. energy policy is that they actually hurt most the very people they always profess to be … Continue reading →

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