So the Producer Price Index (PPP) increased at the highest rate since June 2009 (the “end” of the recession), but fear not, inflation hasn’t trickled down to the consumer end yet, say the wizards of smart. Except that it has. You can use all the data you want, American consumers know they are paying much more for virtually everything at stores, supermarkets, and retailers. And | Read More »
It’s bad enough that government regulations and environmental legal defense groups have prevented us from building oil refineries for over 30 years. It’s even worse when the existing ones are forced to blend fuel mixtures that don’t exist. We are all painfully aware of the Soviet style mandate that requires 10% of petroleum to be comprised of ethanol. This unconstitutional mandate has killed jobs, driven | Read More »
Even as gas prices decline, we must not relent in our pursuit of free market energy solutions. Gas prices will continue to spike every few months as long as we refuse to increase supply to meet our energy needs. Moreover, $3.40 per gallon of gasoline – or even $3 per gallon – is too much. We must not let Obama off the hook for continuing | Read More »
Via Ed Driscoll, via PJ Tatler: Obama in 2011 explaining what he’s going to do to lower gas prices:
Conservatives need to do a better job of explaining how they would lower gas prices. More drilling is a great piece of the pie, but there needs to be more. Governor Sarah Palin and Eric Bolling, Fox News host of of The Five, have put together a comprehensive plan to lower gas prices and they mapped out the details in the video below. The FOX gas | Read More »
Now, in fairness though I’ve got to say that Canada’s interests here are a little bit different. And particularly, I might as well be frank, particularly in light of the…of the interim decision at least on Keystone. …. Our energy [issue] is the necessity of diversifying our energy export markets. We can not be, as a country, in a situation where really our one energy | Read More »
I know, I’m as shocked as you are: but that’s what happened. You see, Richard Thaler was trying to push back on the entire steadily-rising gas price thing (four bucks a gallon, if you’re lucky), and so in an op-ed today for the New York Times Thaler authoritatively declared: Here is a one-item test to see whether you are guilty of cloudy thinking about gas | Read More »
“The tools we have at our disposal are limited, but I would I say I would give myself a little higher in that since I became Secretary of Energy, I’ve been doing everything I can to get long-term solutions.” – Energy Secretary Steven Chu, on whether he would give himself an A minus on gas prices. The above quote is from a House Hearing this | Read More »
Statement (Via Jim Geraghty’s Morning Jolt): “Every time prices start to go up – especially in an election year – politicians dust off their three-point plans for $2 gasoline. They head down to the pump, make sure a few cameras are following them, and start acting like they can wave a magic wand and you’ll have cheap gas forever. Sound familiar?” Obama said. Oddly enough, | Read More »
In May 2009, four months into the Obama presidency, retail gasoline prices averaged $2.32 per gallon. Rep. Charles Boustany (R-LA) wrote Treasury Secretary Tim Geithner to express concern about the impact that the Administration’s budgeted changes in tax policy would have on the oil and gas industry. Secretary Geithner clearly laid out the Administration position in his letter of response (pdf link). That was then, | Read More »
Via Hot Air comes this rather-embarrassing 2008 Obama campaign video that’s simply too good – and by ‘good’ I mean ‘humiliating to the Obama administration’ – not to share. Here you go: Hear that? When elected, Barack Obama promised to do something about those awful THREE DOLLAR AND FIFTY CENT A GALLON gas prices! Because of all those awful OIL COMPANIES! Wasn’t that nice of | Read More »
To hear the White House and President Obama tell it, high gasoline prices are here to stay and we better get used to them. If Americans would quiet down and accept $4.00 a gallon gas, it would certainly make the President and his environmentalist allies happy—but it would also require us to forget everything we know about American energy. During the years I was speaker | Read More »
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by David Holt to Obama’s hostile energy policy, the critical importance of the Keystone XL pipeline, and how a growing energy industry can help revive the American dream. We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d like | Read More »
When I saw that possibility mentioned in the San Jose Mercury News (gas prices are already topping four bucks a gallon in parts of California), I went looking up some confirmation on this. And yes, it could hit $4.50 a gallon, thanks in large part to the subtly-and-steadily-eroding situation in Iran. The problem, as the Christian Science Monitor notes, is not so much crude production | Read More »
On an annual basis, retail gasoline prices hit an all-time high in 2011. The average price for all grades was $3.576 per gallon, vs $3.299 in 2008. Meanwhile, the shale gas revolution has set the stage for declining prices per mmbtu of natural gas.
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