Wizbang: Oil Archives

It's Official: We're Screwed

Posted by Jay Tea · Published: May 14, 2008 · Comments (23)

Well, in the face of constantly-rising gas prices in the United States (good lord! They're almost up to the levels Europe pays!), Congress has valiantly swung into action to the defense of the American consumer and done... well, nothing. With great fanfare and much bloviating and boasting, Congress passed --... [Full Story]

Rating: 4.8/5 (21 votes cast)

Business News & Review

Posted by Jayson Javitz · Published: May 8, 2008 · Comments (0)

Click the below link for synopses of the year's most noteworthy business stories to date: GDP growth, immigration reform and border control, the job markets, income growth and inflation, the stock and bond markets, Visa's IPO, the Federal Reserve and the Treasury Department, Bear Stearns, the oil and gold markets,... [Full Story]

Rating: 4.6/5 (9 votes cast)

There Will be Blood

Posted by Jayson Javitz · Published: April 28, 2008 · Comments (8)

The Bakken shale formation in North Dakota holds up to 167 billion barrels of oil with over 1 percent being recoverable using current technologies. The new study released Monday said 2.1 billion barrels of oil presently are recoverable in North Dakota's portion of the shale formation, where oil-producing rock is... [Full Story]

Rating: 4.2/5 (14 votes cast)

Obama's energy plan: shut down the economy?

Posted by Jim Addison · Published: October 8, 2007 · Comments (69)

Perhaps annoyed, but undeterred by the constant snickering over his naivety on foreign policy, Senator Barack Obama hastened to add energy policy to the list of subject areas on which he comes off as a sputtering buffoon, as Steve Holland reports for Reuters: Democratic presidential candidate Barack Obama on Monday... [Full Story]

Rating: 4.5/5 (22 votes cast)

Are the Saudis Forcing Down Oil Prices to Hurt Iran?

Posted by Kim Priestap · Published: January 24, 2007 · Comments (5)

That may be the case according to NBC. Oil traders and others believe that the Saudi decision to let the price of oil tumble has more to do with Iran than economics. Their belief has been reinforced in recent days as the Saudi oil minister has steadfastly refused calls for... [Full Story]

Rating: 0/5 (0 votes cast)

Democrats Trying to Permanently Ban All Domestic Oil Drilling in ANWR

Posted by Kim Priestap · Published: January 6, 2007 · Comments (35)

And at a time when we are struggling to deal with an increase in gasoline prices. From the BBC: Legislation has been tabled in the United States aimed at making a ban on oil drilling at a wildlife refuge in Alaska permanent. Wildlife campaigners are hoping the new Democrat-led Congress... [Full Story]

Rating: 0/5 (0 votes cast)

Congress Approves Off Shore Drilling Bill

Posted by Kim Priestap · Published: December 9, 2006 · Comments (17)

It's about time Congress got its butt in gear and passed an energy bill like this. President Bush is expected to sign it. WASHINGTON (Reuters) - Hours before adjourning for the year, the U.S. Congress on Saturday sent President George W. Bush legislation that would open 8.3 million acres in... [Full Story]

Rating: 0/5 (0 votes cast)

Good News and Bad News

Posted by Kim Priestap · Published: September 25, 2006 · Comments (30)

The good news: oil has dropped to below $60.00 a barrel. The bad news: OPEC is considering not producing as much oil to drive prices back up. ... [Full Story]

Rating: 0/5 (0 votes cast)

This Isn't Good News for Gas Prices

Posted by Kim Priestap · Published: August 7, 2006 · Comments (8)

Updated BP is shutting down its Alaska pipeline because of possible corrosion. The shutdown will remove about 8 percent of the US oil production from the marketplace and drive up gas prices: Oil company BP scrambled Monday to assess suspected pipeline corrosion that will shut shipments from the nation's biggest... [Full Story]

Rating: 0/5 (0 votes cast)

Hugo Chavez Destroying his Country's Oil Industry

Posted by Kim Priestap · Published: July 27, 2006 · Comments (25)

Mary Katharine, who has a great title for her post by the way, pointed me to this post by A.M. Mora y Leon at Publius Pundit who writes that Hugo Chavez's socialist government is destroying Venezuela's oil industry: Today's El Universal reports an increasingly serious situation with Venezuela's oil supply,... [Full Story]

Rating: 0/5 (0 votes cast)

More Great Economic News

Posted by Kim Priestap · Published: May 4, 2006 · Comments (16)

More great news on the economy. NEW YORK, May 3 (Reuters) - Activity in both the vast US services sector and at factories accelerated more than expected, according to data that pointed to fresh economic vigour and the risk of more interest rate hikes. Most economists are expecting economic growth... [Full Story]

Rating: 0/5 (0 votes cast)

Conference Call with ExxonMobil's Ken Cohen

Posted by Kim Priestap · Published: May 3, 2006 · Comments (42)

I participated in a blogger conference call with Ken Cohen, Vice President of Public Affairs of ExxonMobil. Ken was very gracious with his time and answered many, many questions. A lot was discussed but I have outlined several topics that I thought were interesting. To begin, the biggest issue facing... [Full Story]

Rating: 0/5 (0 votes cast)

Sunday's Meet the Press

Posted by Kim Priestap · Published: May 1, 2006 · Comments (67)

Meet the Press was pretty bad yesterday. The topic was oil prices, and Tim Russert just couldn't get the concept of supply and demand even though Energy Secretary Sam Bodman talked him through it: MR. RUSSERT: Mr. Secretary, if, if demand is up but supply is down, why are the... [Full Story]

Rating: 0/5 (0 votes cast)

About Those Gas Prices

Posted by Kim Priestap · Published: April 28, 2006 · Comments (16)

Read Charles Krauthammer's latest exposition on this issue. · Demand is up. China has come from nowhere to pass Japan as the number No. 2 oil consumer in the world. China and India -- between them home to eight times the U.S. population -- are industrializing and gobbling huge amounts... [Full Story]

Rating: 0/5 (0 votes cast)

Fidel Castro May Drill Off Florida's Coast

Posted by Kim Priestap · Published: April 26, 2006 · Comments (16)

Fidel Castro is looking into drilling for oil only 45 miles off Florida's coast. Yet, our own country's environmental regulations prevent us from doing the same thing. U.S. lawmakers aren't the only ones who, because of spiraling oil and gas prices and an unstable commodities market, have been studying the... [Full Story]

Rating: 0/5 (0 votes cast)

Bush Orders Probe Into Gas Prices

Posted by Kim Priestap · Published: April 24, 2006 · Comments (66)

Updated From the Washington Post: WASHINGTON (Reuters) - President George W. Bush, alarmed by a spike in gas prices at the pump, has asked the Departments of Energy and Justice to look into possible cheating or manipulation of gasoline markets, White House spokesman Scott McClellan said on Monday. Bush plans... [Full Story]

Rating: 0/5 (0 votes cast)

Gore Blasts New Canadian Prime Minister

Posted by Rob Port · Published: January 27, 2006 · Comments (24)

Sigh... Former U.S. vice-president Al Gore has accused the oil industry of financially backing the Tories and their "ultra-conservative leader" to protect its stake in Alberta's lucrative oilsands. Canadians, Gore said, should vigilantly keep watch over prime minister-designate Stephen Harper because he has a pro-oil agenda and wants to pull... [Full Story]

Rating: 0/5 (0 votes cast)

Environmentalists Making America Less Safe

Posted by Rob Port · Published: January 25, 2006 · Comments (24)

As armed conflict with Iran becomes more and more of a possibility in the near future many Americans, heck make that many citizens of the world, are worried about what such a conflict could mean for our countries. Especially our economies as they relate to oil. If Iran's oil were... [Full Story]

Rating: 0/5 (0 votes cast)

Gas Pains

Posted by Jay Tea · Published: September 4, 2005 · Comments (24)

With gas prices running above $3.00/gallon of late, a lot of people have been wondering what we can do about it. Some have proposed price controls (such as Hawaii -- hope they don't mind getting a lot less gas in the future), others have denounced the oil companies, and a... [Full Story]

Rating: 0/5 (0 votes cast)

Oil Archives

May 14, 2008

May 8, 2008

April 28, 2008

October 8, 2007

January 24, 2007

January 6, 2007

December 9, 2006

September 25, 2006

August 7, 2006

July 27, 2006

May 4, 2006

May 3, 2006

May 1, 2006

April 28, 2006

April 26, 2006

April 24, 2006

January 27, 2006

January 25, 2006

September 4, 2005

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